Office Suite with Retail
For Sale
Contact for pricing
1200 Niagara Falls Boulevard, Tonawanda, NY 14150
Commercial suite offers office or retail functionality with parking and a location across from Boulevard Mall.
Property Size39,667 SF
Price / SF$0.00
Days on Market87
Property Features for 1200 Niagara Falls Boulevard
General Information
Standard status
Active
Size
39,667 SF
Listing Agency:
MJ Peterson Real Estate Inc.
(716) 689-7800
Listed By:
James E Knight · License #30KN0671386
(716) 998-0199
Source:
Nicholcityrealty
Added: Jul 25
Changed: Oct 10
Last Checked: Oct 19 at 6:44AM
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 MJ Peterson Real Estate Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The remaining office unit at 1200 Niagara Falls Boulevard provides 4,920 SF for office or retail occupancy. The property includes ample parking and established neighboring tenants, supporting a professional commercial setting.
Located across from Boulevard Mall in Tonawanda, the suite benefits from a prominent boulevard setting with strong street exposure. One suite remains available within the property.
Located across from Boulevard Mall in Tonawanda, the suite benefits from a prominent boulevard setting with strong street exposure. One suite remains available within the property.
Key Highlights
- 4,920 SF office unit available
- Office or retail use supported
- Located across from Boulevard Mall
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$356,660
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,133,200
$7.1M
Cap Rate 7%
$5,095,143
$5.1M
Cap Rate 9%
$3,962,889
$4.0M
Market Conditions
NOI Build-Up for 39,667 SF
Gross rent
$571.2K $14.40/SF
− Vacancy
−$61.7K −$1.56/SF
EGI
$509.5K $12.84/SF
− OpEx
−$152.9K −$3.85/SF
NOI
$356.7K $8.99/SF
Area
Erie County, NY
Vacancy
10.80%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,133,200
Cap Rate 7%
$5,095,143
Cap Rate 9%
$3,962,889
Alternative Uses
Best Use
Office B
$7.10M
$6.21M – $8.28M
NOI $497,055 @ 7.0% cap · market cap 3,313,700.00%
Second Best
Retail
$5.10M
$4.46M – $5.94M
NOI $356,660 @ 7.0% cap · market cap 2,377,733.33%
Theoretical Best
Office A
$8.67M
$7.59M – $10.12M
NOI $607,000 @ 7.0% cap · market cap 4,046,666.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,170
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Commercial suite offers office or retail functionality with parking and a location across from Boulevard Mall.
Where is this office unit located?
The property is located at 1200 Niagara Falls Boulevard Tonawanda, NY.
What are key features of this property?
This property features: 4,920 SF office unit available; Office or retail use supported; Located across from Boulevard Mall
