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

    2829 Niagara St Tonawanda, NY 14207

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $550,000

    Commercial building with restaurant and office/warehouse tenants in Tonawanda.

    Lot size:
    0.16 Acres

    Property Features for 2829 Niagara St

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.16 Acres

    Building Details

    Year built
    1940

    We can help!

    Listing Contact
    Ralph Dailey
    Source: Elliman

    Listing Agent: Ralph Dailey

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

    Learn more

    Overview

    Commercial Building with Established Tenants

    This commercial building features two established tenants: a restaurant on Niagara Street and an office/warehouse at the rear along Roswell. The office and warehouse space at the rear of the building is available for lease or owner occupancy and includes 1,250 square feet of updated office space and 1,250 square feet of warehouse space with an overhead door. The building has separate meters for all utilities. The offices and restaurant have been recently renovated. It is located in the Town of Tonawanda, near Buffalo and the Thruway.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Tonawanda
    County
    Erie
    State
    New York
    Longitude
    -78.9130619
    Latitude
    42.9577604

    Nearby Similar for Lease

    • $15 SF/Yr
      39,667 SF

      Tonawanda Commercial Space For Rent

      Office or retail space available across from Boulevard Mall.
      1200 Niagara Falls Blvd, Tonawanda, NY 14150
      View Details
    • $1,850 /Mo

      Retail Space on Sheridan Drive

      Move-in ready retail space with excellent visibility and accessibility.
      642 Sheridan Dr, Tonawanda, NY 14150
      View Details
    • $20 SF/Yr

      23-Unit Ghost Kitchen

      23-unit ghost kitchen available for sale or master lease.
      1516 Military Rd, Tonawanda, NY 14217
      View Details
    • $16 SF/Yr

      Office and Retail Spaces Available

      Office and retail spaces for lease in Gateway Harbor Center.
      561 Main St, Tonawanda, NY 14150
      View Details
    • $24 SF/Yr

      Freestanding Office Building For Rent

      Professional office building with on-site parking near thruway.
      2566 Sheridan Dr, Tonawanda, NY 14150
      View Details
    • Contact for pricing

      Retail Pad Site Opportunity

      Proposed retail pad site in a high-traffic power center.
      880 Young St, Tonawanda, NY 14150
      View Details
    • Contact for pricing

      Prime Retail Space on Sheridan Drive

      Retail suites and ATM pad site available in Tonawanda, NY.
      2309 Eggert Rd, Tonawanda, NY 14150
      View Details
    • $1,600 /Mo

      Kenmore Storefront for Lease

      Storefront available for lease in Kenmore, approximately 1,600 SF.
      2756 Elmwood Ave, Tonawanda, NY 14217
      View Details
    • $1,500 /Mo

      Tonawanda Retail/Office Space Available

      Retail or office space in a densely populated neighborhood.
      43 Lincoln Park Dr, Tonawanda, NY 14223
      View Details
    • $3,000 /Mo

      Tonawanda Retail/Office Space Available

      Retail or office space for lease in Tonawanda, New York.
      2824 Delaware Ave, Tonawanda, NY 14217
      View Details
    • $475,000
      Pending

      Retail Tire Store on Corner Lot

      4990 SF retail building, ideal for auto-related businesses.
      3373 Delaware Ave, Tonawanda, NY 14217
      View Details
    • $1,600,000
      Pending

      Tonawanda Commercial Property by Canal

      High-visibility commercial property in Tonawanda, ideal for various ventures.
      47 Niagara St, Tonawanda, NY 14150
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Commercial building with restaurant and office/warehouse tenants in Tonawanda.
    Where is this mixed-use property located?
    The property is located at 2829 Niagara St Tonawanda, NY.
    What is the lease rate?
    The lease rate is $550,000.
    What are key features of this property?
    This property features: - Potential for owner-occupied space with office and warehouse in the rear.; - Two established tenants provide immediate income from the restaurant and office/warehouse.; - Ideally located in the Town of Tonawanda, near Buffalo and the Thruway.
    (716) 568-7571
    Request Owner's contact information
    2829 Niagara St Tonawanda, NY 14207
    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.
    2829 Niagara St
    Tonawanda, NY 14207
    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
    2829 Niagara St Tonawanda, NY 14207
    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!
    Listing Contact
    Ralph Dailey
    (716) 568-7571 (716) 316-2027
    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!