Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Mixed-Use Building with Retail Space Title is generated by Realmo AI

    618 Delaware St, Tonawanda, NY 14150

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Mixed-use building with retail and residential spaces, including Tim Hortons.

    Type:Retail, Office
    Property size:
    1,667 SF
    Added:
    Nov 30, 2022
    Days on Market:
    1282
    Last Refresh:
    May 12 at 8:55 pm

    Property Features for 618 Delaware St

    General Information

    Standard status
    Active
    Size
    1,667 SF
    Property subtype
    Retail, Office

    Building Details

    Year Built
    2018

    Spaces For Lease

    at 618 Delaware St Contact us

    Suite 120 $14/Mo

    Size
    1,667 SF
    Type
    Retail, Office
    Contact us

    We can help!

    Listing Contact
    Sarah Couch

    Listing agent Sarah Couch License #NY

    Listing office Ellicott Development

    Listing date Nov 30, 2022

    Source Crexi

    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 Ellicott Development

    HighLights

    • Mixed‑use building with commercial and residential spaces
    • Includes a Tim Hortons Cafe
    • 1,667 sf of storefront retail or office space available for lease
    • Located in the City of Tonawanda
    • Built in 2018
    • Retail or office space available

    Overview

    Located in the City of Tonawanda, this mixed-use building includes both commercial and residential spaces. The property features a Tim Hortons Cafe. There is 1,667 square feet of storefront retail or office space available for lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    Tim Hortons Cafe & Coffee Shop

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Tonawanda
    County
    Erie
    State
    New York
    Longitude
    -78.8762815
    Latitude
    43.0022914

    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 Boulevard, Tonawanda, NY 14150
      View Details
    • $3,750/Mo
      7,000 SF

      Tonawanda Warehouse and Office Space

      7,000 SF warehouse with office space for lease.
      2250 Military Rd, Tonawanda, NY 14150
      View Details
    • $1,600/Mo
      1,100 SF

      Tonawanda Retail Space Available

      Retail space for rent in Tonawanda, approximately 1,100 SF.
      935 Brighton Rd, Tonawanda, NY 14150
      View Details
    • $24 SF/Yr
      950 SF

      Freestanding Office Building For Rent

      Professional office building with on-site parking near thruway.
      2566 Sheridan Drive, Tonawanda, NY 14150
      View Details
    • $11 SF/Yr
      4,043 SF

      Tonawanda Warehouse with Fenced Yard

      4,043 SF warehouse with fenced yard and ample power.
      2765 Kenmore Ave, Tonawanda, NY 14150
      View Details
    • $10 SF/Yr
      2,750 SF

      Riverwalk Parkway Office Space

      Office space with solar power and easy highway access.
      400-600 Riverwalk Pkwy, Tonawanda, NY
      View Details
    • Contact for pricing
      1,900 SF

      Retail Space on Sheridan Drive

      Move-in ready retail space with excellent visibility and accessibility.
      642 Sheridan Dr, Tonawanda, NY 14150
      View Details
    • Contact for pricing
      7,000 SF

      Tonawanda Warehouse Space Available

      7,000 SF warehouse space with office and dock doors.
      2250 Military Rd - Warehouse, Tonawanda, NY 14150
      View Details
    • Contact for pricing
      121,846 SF

      Prime Retail Space on Sheridan Drive

      Retail suites and ATM pad site available in Tonawanda, NY.
      2309 Eggert Rd, Tonawanda, NY 14150
      View Details
    • Contact for pricing
      121,062 SF

      Retail Pad Site Opportunity

      Proposed retail pad site in a high-traffic power center.
      880 Young St, Tonawanda, NY 14150
      View Details
    • $1,500/Mo

      Tonawanda Retail/Office Space Available

      Retail or office space in a densely populated neighborhood.
      43 Lincoln Park Drive, Tonawanda, NY 14223
      View Details
    • $475,000 SF/Yr

      Retail Building with Overhead Doors

      4990 SF retail building with multiple overhead doors.
      3373 Delaware Ave, Tonawanda, NY 14217
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building with retail and residential spaces, including Tim Hortons.
    Where is this mixed-use property located?
    The property is located at 618 Delaware St Tonawanda, NY.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Mixed‑use building with commercial and residential spaces; Includes a Tim Hortons Cafe; **1,667 sf of storefront retail or office space available for lease**
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Sarah Couch
    Real Estate License ID: NY
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    618 Delaware St, Tonawanda, NY 14150
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!