Renovated Office Building with
For Sale
$1,625,000
1016 Niagara Falls Blvd, Tonawanda, NY 14150
Renovated office building with independent HVAC, raised floor server room, and on-site generator backup for critical operations.
Property Size7,955 SF
Price / SF$204.27
Days on Market163
Property Features for 1016 Niagara Falls Blvd
General Information
Standard status
Active
Size
7,955 SF
Property subtype
Office
Site & Location
Traffic Count
28,685 vehicles/day
Road Access
Yes
Additional Details
Heavy Power
Yes
Building Details
Building Size
7,955 SF
Listing Agency:
Buffalo Office
Listed By:
John E. Mikoley
(716) 852-7500
Source:
Pyramidbrokerage
Added: May 15
Changed: Oct 6
Last Checked: Oct 24 at 1:39PM
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 Buffalo Office
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Investment Insights
Based on property information with market context.
This renovated office building totals 7,955 SF and has been customized with a modern tech/industrial office design. Interior upgrades include LED high-efficiency lighting and replacement of office carpet in 2025. The property features a raised floor computer room with four server racks and battery backup, along with independent HVAC units serving a training room and a network operations center. Electrical service includes a 200A three-phase primary system and a 150A backup Generac natural gas generator, supported by a utility shed for maintenance equipment.
The building is positioned for visibility along Niagara Falls Blvd, with reported traffic counts of 28,685 AADT just north of Sheridan Drive at 29,423 AADT. The immediate area is described as surrounded by major retail, dining, and service amenities, including The Boulevard and Station Twelve, with additional redevelopment noted for the former Boulevard Mall site.
Ample on-site parking is available to support daily access, visitors, and client needs for professional office uses.
The building is positioned for visibility along Niagara Falls Blvd, with reported traffic counts of 28,685 AADT just north of Sheridan Drive at 29,423 AADT. The immediate area is described as surrounded by major retail, dining, and service amenities, including The Boulevard and Station Twelve, with additional redevelopment noted for the former Boulevard Mall site.
Ample on-site parking is available to support daily access, visitors, and client needs for professional office uses.
Key Highlights
- 7,955 SF renovated office building with high‑visibility frontage on Niagara Falls Blvd (28,685 AADT), just north of Sheridan Dr (29,423 AADT)
- 200A three‑phase primary electrical service with 150A Generac natural gas generator backup
- Raised floor computer room with four server racks and battery backup
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,682
Cap Rate
6.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,993,640
$2.0M
Cap Rate 7%
$1,424,029
$1.4M
Cap Rate 9%
$1,107,578
$1.1M
Market Conditions
NOI Build-Up for 7,955 SF
Gross rent
$162.3K $20.40/SF
− Vacancy
−$29.4K −$3.69/SF
EGI
$132.9K $16.71/SF
− OpEx
−$33.2K −$4.18/SF
NOI
$99.7K $12.53/SF
Area
Erie County, NY
Vacancy
18.10%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,993,640
Cap Rate 7%
$1,424,029
Cap Rate 9%
$1,107,578
Alternative Uses
Best Use
Office B
$1.42M
$1.25M – $1.66M
NOI $99,682 @ 7.0% cap · market cap 6.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.74M
$1.52M – $2.03M
NOI $121,731 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
28,685 VPD
Traffic count
Yes
Heavy power
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,157
Businesses Nearby
Explore this area
Business Placement
Demographics for 14150, NY
41,161
Population
20,152
Households
2
Avg Household Size
43
Median Age
32%
College-Educated
95%
High-School Grad
14.9 sq mi
ZIP Area
2,762
Density / Sq Mi
$70,294
Median Household Income
$46,867
Median Earnings
$1,094
Median Rent
$181,900
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Renovated office building with independent HVAC, raised floor server room, and on-site generator backup for critical operations.
Where is this office building located?
The property is located at 1016 Niagara Falls Blvd Tonawanda, NY.
What is the asking price?
The asking price for this property is $1,625,000.
What are key features of this property?
This property features: 7,955 SF renovated office building with high‑visibility frontage on Niagara Falls Blvd (28,685 AADT), just north of Sheridan Dr (29,423 AADT); 200A three‑phase primary electrical service with 150A Generac natural gas generator backup; Raised floor computer room with four server racks and battery backup
