Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3571 Niagara Falls Blvd Wheatfield, NY 14120

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    4.17 Acres, High Visibility Commercial Lot

    Property Features for 3571 Niagara Falls Blvd

    General Information

    Property type
    Land

    We can help!

    Listing Contact
    Nick Giammusso
    Nick Giammusso

    Listing Agent: Nick Giammusso

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

    Learn more

    Overview

    This exceptional 4.17-acre commercial land parcel presents a remarkable investment opportunity in the thriving Wheatfield/North Tonawanda, NY area. Strategically located at 3571 Niagara Falls Boulevard, this property boasts over 200 feet of direct frontage on a high-traffic thoroughfare, experiencing over 25,000 vehicles daily, ensuring maximum visibility for your business venture. The C1 zoning permits a wide range of uses, including medical, office, retail, or residential developments. Its advantageous position places it adjacent to Niagara's Choice Federal Credit Union and Meadowbrook Square Plaza, and in close proximity to major retail anchors like Walmart and the Wurlitzer Corporate Park, guaranteeing a strong customer base and convenient access for employees and clients. The property's location east of 3577 Niagara Falls Boulevard further enhances its accessibility and desirability. Benefit from the attractive low Wheatfield tax rates, making this an exceptionally cost-effective investment. This prime location and versatile zoning make this a truly exceptional opportunity for developers and investors seeking a high-impact commercial property in a rapidly growing market. The asking price for this exceptional property is $399,000. Don't miss this chance to secure a prominent position on one of the busiest roads in the area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Daniel Tompkins, PT Physician The Original Pizza Shack Restaurant Jaclyn Carol's Dance ... Training Center Slawich Cut N' ... Barber Shop Catholic Health Home ... Home Health Care Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wheatfield
    County
    Niagara
    State
    New York
    Longitude
    -78.8477457
    Latitude
    43.0690668

    Nearby Similar for Sale

    • $349,900

      Wheatfield Church with Open Floorplan

      Updated church on River Rd, suitable for various businesses.
      2099 River Rd, Wheatfield, NY 14304
      View Details
    • $349,900

      Updated Church on River Road

      Well-maintained church with potential for various business uses.
      2099 River Rd, Wheatfield, NY 14304
      View Details
    • $300,000
      Pending

      Two-Story Home in Commercial District

      Two-story home in C-1 district with potential for multiple uses.
      2305 Lockport Rd, Wheatfield, NY 14132
      View Details
    • $1,900,000
      Pending

      Wheatfield Commercial Property for Sale

      2-acre light industrial property with redevelopment potential.
      3819 Forest Park Way, Wheatfield, NY 14120
      View Details
    • Contact for pricing

      Neighborhood Shopping Center For Sale

      Highly visible neighborhood shopping center with multiple spaces available.
      2065 River Rd, Wheatfield, NY 14304
      View Details
    • $325,000

      Wheatfield Multifamily Property for Sale

      Multifamily property available in Wheatfield, NY.
      2454 Niagara Rd, Wheatfield, NY 14304
      View Details
    • $300,000
      Pending

      Wheatfield Multifamily Property for Sale

      Multifamily property available in Wheatfield, NY.
      2305 Lockport Rd, Wheatfield, NY 14132
      View Details

    FAQs

    What type of property is this?
    Land - 4.17 Acres, High Visibility Commercial Lot
    Where is this land located?
    The property is located at 3571 Niagara Falls Blvd Wheatfield, NY.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: $399,000 asking price.; 4.17-acre commercial land parcel.; C1 zoning.
    (716) 812-6333 Call to check price and availability
    Request Owner's contact information
    3571 Niagara Falls Blvd Wheatfield, NY 14120
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3571 Niagara Falls Blvd
    Wheatfield, NY 14120
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    3571 Niagara Falls Blvd Wheatfield, NY 14120
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Nick Giammusso
    Nick Giammusso
    Real Estate License ID: 10401358378
    (716) 812-6333
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!