Bank and Retail
For Sale
Contact for pricing
1930 Niagara Falls Blvd., Tonawanda, NY 14150
Multi-use storefront property for sale in Tonawanda near major retail centers along Niagara Falls Boulevard.
Property Size6,800 SF
Price / SF$274.26
Days on Market87
Property Features for 1930 Niagara Falls Blvd.
General Information
Standard status
Active
Size
6,800 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$109,152
Additional Details
Highway Access
Yes
Building Details
Year Renovated
2025
Tenancy
Single
Listing Agency:
Cooper Commercial Investment Group
Listed By:
Dan Cooper · License #OH 009003618
(216) 562-1981
Source:
Crexi
Added: Jun 11
Changed: Aug 26
Last Checked: Sep 3 at 3:17AM
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 Cooper Commercial Investment Group
Investment Insights
Based on property information with market context.
This for-sale bank and retail storefront property is located at 1930 Niagara Falls Blvd., Tonawanda, NY 14150. The asset is positioned to serve a well-established suburban commercial market within the greater Buffalo metropolitan area.
Tonawanda is approximately 12 miles south of Downtown Buffalo, with strong access to the region’s transportation network. The property benefits from proximity to Interstate 290 (Youngmann Expressway), Interstate 190, Interstate 90 (New York State Thruway), and U.S. Route 62 (Niagara Falls Boulevard). Buffalo Niagara International Airport is approximately 8 miles away.
Niagara Falls Boulevard is described as a major commercial thoroughfare with a concentration of national retailers, restaurants, entertainment venues, hotels, and service-oriented businesses. The property is also stated to be just steps from local retail destinations including Boulevard Consumer Square, Boulevard Mall, and The Shops at Sheridan Plaza, along with nearby grocery-anchored shopping centers.
Tonawanda is approximately 12 miles south of Downtown Buffalo, with strong access to the region’s transportation network. The property benefits from proximity to Interstate 290 (Youngmann Expressway), Interstate 190, Interstate 90 (New York State Thruway), and U.S. Route 62 (Niagara Falls Boulevard). Buffalo Niagara International Airport is approximately 8 miles away.
Niagara Falls Boulevard is described as a major commercial thoroughfare with a concentration of national retailers, restaurants, entertainment venues, hotels, and service-oriented businesses. The property is also stated to be just steps from local retail destinations including Boulevard Consumer Square, Boulevard Mall, and The Shops at Sheridan Plaza, along with nearby grocery-anchored shopping centers.
Key Highlights
- Multi‑use storefront property in Tonawanda near major retail centers along Niagara Falls Boulevard
- Just steps from Boulevard Consumer Square, Boulevard Mall, and The Shops at Sheridan Plaza
- Located along a major transportation corridor near Interstate 290 (Youngmann Expressway)
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
$81,886
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
4.39%
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%
$1,637,720
$1.6M
Cap Rate 7%
$1,169,800
$1.2M
Cap Rate 9%
$909,844
$909.8K
Market Conditions
NOI Build-Up for 6,800 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
$122.4K $18.00/SF
− Vacancy
−$13.2K −$1.94/SF
EGI
$109.2K $16.06/SF
− OpEx
−$27.3K −$4.01/SF
NOI
$81.9K $12.04/SF
Area
Erie County, NY
Vacancy
10.80%
Lease Rate
$18.00 /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%
$1,637,720
Cap Rate 7%
$1,169,800
Cap Rate 9%
$909,844
Alternative Uses
Best Use
Specialty Retail
$1.17M
$1.02M – $1.36M
NOI $81,886 @ 7.0% cap · market cap 4.39%
Second Best
Retail
$873.4K
$764.3K – $1.02M
NOI $61,141 @ 7.0% cap · market cap 3.28%
Theoretical Best
Office A
$1.49M
$1.30M – $1.73M
NOI $104,056 @ 7.0% cap · market cap 5.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
483
Businesses Nearby
187k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Home Improvements & Furnishings 23%
Shops & Services 21%
Electronics 5%
The Home Depot
Home Improvements & Furnishings
42,265 visits/mo
0.4 miles
Starbucks
Dining
19,840 visits/mo
0.4 miles
Tim Hortons
Dining
19,666 visits/mo
0.4 miles
Applebee's
Dining
15,968 visits/mo
0.4 miles
Sunoco
Shops & Services
11,989 visits/mo
0.4 miles
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - Multi-use storefront property for sale in Tonawanda near major retail centers along Niagara Falls Boulevard.
Where is this bank located?
The property is located at 1930 Niagara Falls Blvd. Tonawanda, NY.
What is the asking price?
The asking price for this property is $1,865,000.
What are key features of this property?
This property features: Multi‑use storefront property in Tonawanda near major retail centers along Niagara Falls Boulevard; Just steps from Boulevard Consumer Square, Boulevard Mall, and The Shops at Sheridan Plaza; Located along a major transportation corridor near Interstate 290 (Youngmann Expressway)
