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    12189 Rte 16 Yorkshire, NY 14173

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    For Sale
    Contact for pricing

    Vacant 2,250 SF QSR, High Traffic

    Property size:
    2,250 SF

    Property Features for 12189 Rte 16

    General Information

    Property type
    Retail properties & Spaces
    Square Feet
    2,250 SF
    Lot Size
    43,560 SF

    We can help!

    Listing Contact
    Rick Recckio
    Rick Recckio

    Listing Agency: Recckio Real Estate & Development Listing Agent: Rick Recckio

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional retail opportunity presents a vacant 2,250 square foot building ideally suited for a quick-service restaurant (QSR) or similar business. Located within the Yorkshire Plaza in Yorkshire, New York, this former Pizza Hut enjoys a prime position on Route 16 and W. Yorkshire Road, ensuring high visibility and significant drive-by traffic. The property sits on a one-acre lot providing ample parking for customers and employees. The building's convenient location within a larger shopping plaza benefits from the presence of established anchor tenants, further enhancing its appeal and attracting a steady stream of potential customers. This is a turnkey opportunity for a business seeking immediate occupancy in a high-traffic area. In addition to the 2,250 square foot building, there are also outparcels available for ground lease and additional retail space, including a 3,050 square foot end cap with a drive-thru and a larger 28,632 square foot space. The property is zoned for commercial use, making it suitable for a variety of businesses. This is a rare chance to establish a thriving business in a well-established and highly visible location. The property is vacant and ready for immediate occupancy. Contact us today to learn more about this exciting opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Yorkshire
    County
    Cattaraugus
    State
    New York
    Longitude
    -78.4766152
    Latitude
    42.5312728

    Nearby Similar for Sale

    • $499,000
      Pending

      Income Property on Route 16

      Turnkey ice cream parlor and residential units on 3 acres.
      11634 Route 16, Yorkshire, NY 14042
      View Details
    • Contact for pricing

      Former Pizza Hut Restaurant Space

      Restaurant space in high-traffic plaza, ample parking.
      12189 Rte 16, Yorkshire, NY 14173
      View Details

    FAQs

    What type of property is this?
    Retail property - Vacant 2,250 SF QSR, High Traffic
    Where is this retail property located?
    The property is located at 12189 Rte 16 Yorkshire, NY.
    What are key features of this property?
    This property features: Excellent location in Yorkshire Plaza, Cattaraugus County, NY.; Former Pizza Hut restaurant.; 2,250 square feet of vacant retail space available.
    (716) 834-7777 Call to check price and availability
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    12189 Rte 16 Yorkshire, NY 14173
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    Yorkshire, NY 14173
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    12189 Rte 16 Yorkshire, NY 14173
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Rick Recckio
    Rick Recckio
    Real Estate License ID: 31RE0821429
    (716) 834-7777 (716) 998-4422
    Learn more
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