Flex Space with Drive-Through
New
For Sale
Contact for pricing
262 Woodward Avenue, Tonawanda, NY 14217
Office and warehouse areas share one building, with separate entrances and room for private offices, a conference room, and cubicles.
Property Size9,804 SF
Price / SF$0.43
Days on Market2
Property Features for 262 Woodward Avenue
General Information
Standard status
Active
Size
9,804 SF
Additional Details
Property Use
Flex
Listing Agency:
eXp Realty
(888) 276-0630
Listed By:
Ryan T Carney · License #RS373385
(716) 307-4461
Source:
Nicholcityrealty
Added: Oct 23
Last Checked: Oct 23 at 5:18PM
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 eXp Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 262 Woodward Avenue, this 9,804-square-foot flex property combines office space with a rear warehouse. The office area includes three private offices, a conference room, space for six to ten cubicles, two bathrooms, and a kitchenette. Two entrances and an alarm system are in place.
The warehouse features 14-foot overhead doors, drive-through capability, a concrete floor, and two furnaces. On-site parking is limited. The property is in Tonawanda, New York.
The warehouse features 14-foot overhead doors, drive-through capability, a concrete floor, and two furnaces. On-site parking is limited. The property is in Tonawanda, New York.
Key Highlights
- 9,804‑square‑foot flex property with office and warehouse areas
- Warehouse has 14‑foot overhead doors and drive‑through capability
- Office area includes three private offices and a conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,028
Suggested Prices Based on Cap Rates
Cap Rate 5%
$860,560
$860.6K
Cap Rate 7%
$614,686
$614.7K
Cap Rate 9%
$478,089
$478.1K
Market Conditions
NOI Build-Up for 9,804 SF
Gross rent
$65.9K $6.72/SF
− Vacancy
−$4.4K −$0.45/SF
EGI
$61.5K $6.27/SF
− OpEx
−$18.4K −$1.88/SF
NOI
$43.0K $4.39/SF
Area
Erie County, NY
Vacancy
6.70%
Lease Rate
$6.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$860,560
Cap Rate 7%
$614,686
Cap Rate 9%
$478,089
Alternative Uses
Best Use
Flex RnD
$805.2K
$704.6K – $939.4K
NOI $56,365 @ 7.0% cap · market cap 1,342.02%
Second Best
Warehouse
$746.4K
$653.1K – $870.8K
NOI $52,248 @ 7.0% cap · market cap 1,244.00%
Theoretical Best
Office A
$2.14M
$1.88M – $2.50M
NOI $150,025 @ 7.0% cap · market cap 3,572.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
768
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14217, NY
23,085
Population
11,280
Households
2
Avg Household Size
41
Median Age
41%
College-Educated
95%
High-School Grad
3.2 sq mi
ZIP Area
7,214
Density / Sq Mi
$72,205
Median Household Income
$51,075
Median Earnings
$970
Median Rent
$193,200
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Kevin's Catering — 222 W Girard Blvd, Buffalo, NY 14217
Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse areas share one building, with separate entrances and room for private offices, a conference room, and cubicles.
Where is this flex space located?
The property is located at 262 Woodward Avenue Tonawanda, NY.
What are key features of this property?
This property features: 9,804‑square‑foot flex property with office and warehouse areas; Warehouse has 14‑foot overhead doors and drive‑through capability; Office area includes three private offices and a conference room
