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3678 Ransomville Rd, Ransomville, NY 14131
Conventional restaurants
Property Size4,128 SF
Price / SF$157.46
Days on Market785
Property Features for 3678 Ransomville Rd
General Information
Standard status
Active
Size
4,128 SF
Class
B
Property subtype
Retail
Zoning
CMU
Investment Type
Owner/User
Building Details
Year Built
1993
Year Renovated
2020
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Keller Williams Buffalo
(716) 771-2477
Listed By:
Brennan Macey · License #NY 10401353748
Source:
Crexi
Added: Jun 28, 2024
Changed: Aug 8
Last Checked: Aug 20 at 8:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Buffalo
Investment Insights
Based on property information with market context.
Key Highlights
- Turnkey Restaurant Operation: Includes all equipment, inventory, supplier relationships, and trained staff.
- Established Customer Base & Excellent Reputation: A local favorite with consistently high ratings.
- Proven Profitability: Strong financial performance with potential for growth.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,595
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$831,900
$831.9K
Cap Rate 7%
$594,214
$594.2K
Cap Rate 9%
$462,167
$462.2K
Market Conditions
NOI Build-Up for 4,128 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$59.4K $14.40/SF
− Vacancy
−$4.0K −$0.96/SF
EGI
$55.5K $13.44/SF
− OpEx
−$13.9K −$3.36/SF
NOI
$41.6K $10.08/SF
Area
Niagara County, NY
Vacancy
6.70%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$831,900
Cap Rate 7%
$594,214
Cap Rate 9%
$462,167
Alternative Uses
Best Use
Specialty Retail
$594.2K
$519.9K – $693.3K
NOI $41,595 @ 7.0% cap · market cap 6.40%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.51M
$3.07M – $4.09M
NOI $245,528 @ 7.0% cap · market cap 37.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
70
Businesses Nearby
11k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 80%
Home Improvements & Furnishings 20%
Dollar General
Shops & Services
6,393 visits/mo
0.1 miles
KeyBank
Shops & Services
2,605 visits/mo
0.2 miles
True Value Hardware
Home Improvements & Furnishings
2,289 visits/mo
0.3 miles
Demographics for 14131, NY
5,207
Population
2,198
Households
2.4
Avg Household Size
50
Median Age
21%
College-Educated
95%
High-School Grad
41.9 sq mi
ZIP Area
124
Density / Sq Mi
$91,424
Median Household Income
$42,371
Median Earnings
$856
Median Rent
$204,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
Where is this conventional restaurant located?
The property is located at 3678 Ransomville Rd Ransomville, NY.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Turnkey Restaurant Operation: Includes all equipment, inventory, supplier relationships, and trained staff.; Established Customer Base & Excellent Reputation: A local favorite with consistently high ratings.; Proven Profitability: Strong financial performance with potential for growth.
