829 Sheridan Drive, Tonawanda, NY 14092

Building Details

Year Built 1973 More

Buildings 2 More

Stories 1 More

Listing Agency: HUNT Commercial

Listed By: Heidi Nuessle · License #NY 10301212311 Show Phone

Source: Crexi

Added: Jul 22 Changed: Nov 1 Last Checked: Nov 6 at 8:11AM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This flex property includes two freestanding, single-story buildings with a combination of warehouse and office improvements. The office component includes a mezzanine and modern finishes, while the warehouse areas provide multiple overhead doors and varying clearances, including openings up to 14 feet and deck heights reaching 19 feet. One warehouse area is clear span, supporting flexible interior use.

The property provides on-site parking for 35 vehicles and is located at 829 Sheridan Drive in Tonawanda, within the Town of Tonawanda zoning jurisdiction. Its position near 190 offers convenient highway access. Built in 1973, the site is configured for users seeking a blend of office, storage, and operational space.

Key Highlights

• Two freestanding, single‑story flex buildings
• Warehouse areas include multiple overhead doors
• Clearances include openings up to 14 feet and deck height reaching 19 feet

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$113,141

Cap Rate

8.70%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,262,820 $2.3M

Cap Rate 7%

$1,616,300 $1.6M

Cap Rate 9%

$1,257,122 $1.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,000 SF

Gross rent

$172.8K $21.60/SF

− Vacancy

−$21.9K −$2.74/SF

EGI

$150.9K $18.86/SF

− OpEx

−$37.7K −$4.71/SF

NOI

$113.1K $14.14/SF

Area

Niagara County, NY

Vacancy

12.70%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,262,820

Cap Rate 7%

$1,616,300

Cap Rate 9%

$1,257,122

Alternative Uses

Best Use

Warehouse

$6.80M

$5.95M – $7.93M (±1% cap)

NOI $475,830 @ 7.0% cap · market cap 36.60%

Second Best

Industrial

$5.60M

$4.90M – $6.53M (±1% cap)

NOI $391,860 @ 7.0% cap · market cap 30.14%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

S S Diesel ... Auto Parts Store

Suggested Use

Top Pick Real Estate Agency Dental Office Spa & Massage Center Pharmacy Cafe & Coffee Shop Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

349

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 14092, NY

11,030

Population

5,241

Households

2.1

Avg Household Size

51

Median Age

40%

College-Educated

95%

High-School Grad

21.2 sq mi

ZIP Area

520

Density / Sq Mi

$67,835

Median Household Income

$48,315

Median Earnings

$979

Median Rent

$246,300

Median Home Value

Market

Average Price Trend$/SF for Flex space in Niagara County, NY

$96.95 Jul

$101 Aug

$90.63 Sep

$73.24 Oct

Properties on Market for Flex space in Niagara County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Two freestanding, single-story buildings combine warehouse and modern office space with on-site parking.

Where is this flex space located?

The property is located at 829 Sheridan Drive Tonawanda, NY.

What is the asking price?

The asking price for this property is $1,300,000.

What are key features of this property?

This property features: Two freestanding, single‑story flex buildings; Warehouse areas include multiple overhead doors; Clearances include openings up to 14 feet and deck height reaching 19 feet