Renovated Professional Office
For Sale
Contact for pricing
1540 Ellicott Creek Road, Tonawanda, NY 14150
The interior includes a reception area, three rooms, a kitchen, and a half bathroom.
Property Size4,830 SF
Price / SF$0.26
Days on Market19
Property Features for 1540 Ellicott Creek Road
General Information
Standard status
Active
Size
4,830 SF
Property subtype
Office
Additional Details
Condition
Newly Renovated
Property Use
Office
Building Details
Year Built
1970
Tenancy
Multi
Listing Agency:
WNY Metro Roberts Realty
(716) 559-9972
Listed By:
Philippe Khoury · License #10301223270
(716) 906-1149
Source:
Prestigefamilyrealty
Added: Oct 15
Changed: Nov 1
Last Checked: Nov 1 at 1:46AM
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 WNY Metro Roberts Realty
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Investment Insights
Based on property information with market context.
This office suite has a waiting area, three additional rooms, a kitchen, and a half bathroom. Recent updates include fresh paint and new flooring. The plaza also houses two medical offices and an attorney’s office.
More than 25 parking spaces are shared among the building’s occupants. Niagara Falls Boulevard is a two-minute walk away. Utilities and snow removal are included in the stated rent.
More than 25 parking spaces are shared among the building’s occupants. Niagara Falls Boulevard is a two-minute walk away. Utilities and snow removal are included in the stated rent.
Key Highlights
- Waiting area, three additional rooms, kitchen, and half bathroom
- More than 25 shared parking spaces
- Two‑minute walk from Niagara Falls Boulevard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,523
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,210,460
$1.2M
Cap Rate 7%
$864,614
$864.6K
Cap Rate 9%
$672,478
$672.5K
Market Conditions
NOI Build-Up for 4,830 SF
Gross rent
$98.5K $20.40/SF
− Vacancy
−$17.8K −$3.69/SF
EGI
$80.7K $16.71/SF
− OpEx
−$20.2K −$4.18/SF
NOI
$60.5K $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%
$1,210,460
Cap Rate 7%
$864,614
Cap Rate 9%
$672,478
Alternative Uses
Best Use
Office B
$864.6K
$756.5K – $1.01M
NOI $60,523 @ 7.0% cap · market cap 4,841.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.06M
$923.9K – $1.23M
NOI $73,911 @ 7.0% cap · market cap 5,912.88%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
358
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 unit - The interior includes a reception area, three rooms, a kitchen, and a half bathroom.
Where is this office unit located?
The property is located at 1540 Ellicott Creek Road Tonawanda, NY.
What are key features of this property?
This property features: Waiting area, three additional rooms, kitchen, and half bathroom; More than 25 shared parking spaces; Two‑minute walk from Niagara Falls Boulevard
