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    76-100 Niagara St Tonawanda, NY 14150

    • Retail properties
    • 30,014 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 76-100 Niagara St

    Property size
    30,014 SF
    Property type
    Retail properties

    Description

    This exceptional retail opportunity is located within the vibrant Tops Plaza Tonawanda, a 97,000 square foot power center boasting a strong community presence. The property features a mix of inline and pad site spaces, totaling 30,014 square feet across three suites. Currently, 15,948 square feet are available, with minimum divisible space starting at 2,000 square feet and a maximum contiguous space of 8,948 square feet. The center benefits from a highly visible location with a signalized entrance, ample parking, and a large pylon sign, ensuring excellent exposure to the high traffic volume of over 33,000 average annual daily traffic counts at the intersection. Strong co-tenants and a thriving retail area contribute to a robust and stable community demographic. The available pad site, situated next to a Tops Gas station, offers the potential for a drive-thru, further enhancing its appeal. This property presents a unique chance to establish a presence in a well-established, high-traffic retail center in the heart of Tonawanda, Erie County, New York. The bright and vibrant atmosphere, combined with the excellent visibility and accessibility, makes this an ideal location for a variety of retail businesses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tonawanda
    County
    Erie
    State
    New York
    Longitude
    -78.8808
    Latitude
    43.0211

    Comparable in this City

    • Value Estimation by Request
      39,667 SF

      1208 Niagara Falls Blvd

      Medical offices • 39,667 SF
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    • Value Estimation
      $225,000
      0.68 Acres

      1000 Young St

      PARKING LOT • 0.68 Acres
      1000 Young St, Tonawanda, NY 14150-4100
      View Details
    • Value Estimation
      $295,000
      1,800 SF

      70 Aqua Ln

      RESTAURANT • 1,800 SF
      70 Aqua Ln, Tonawanda, NY 14150-7702
      View Details
    • Value Estimation
      $310,000
      1,796 SF

      1930 Colvin Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,796 SF
      1930 Colvin Blvd, Tonawanda, NY 14150-6997
      View Details
    • Value Estimation
      $275,000
      2,706 SF

      265 Delaware St

      SERVICE STATION WITH FOOD MART • 2,706 SF
      265 Delaware St, Tonawanda, NY 14150-3513
      View Details
    • Value Estimation
      $265,000
      2,712 SF

      2763 Eggert Rd

      RESTAURANT • 2,712 SF
      2763 Eggert Rd, Tonawanda, NY 14150-8735
      View Details

    Similar Nearby for Sale

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    • $1,500,000
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    Similar Nearby for Lease

    • Contact for pricing
      30,014 SF

      Tops Plaza Tonawanda Retail Space

      Grocery-anchored center; prime Tonawanda location.
      76-100 Niagara St, Tonawanda, NY 14150
      View Details
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    • $14 SF/Yr
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      8,200 SF

      Tonawanda Retail Space Available

      Prime Retail Space, 1,200-7,000 SF
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      View Details
    • $19 SF/Yr
      9,000 SF

      Retail/Office Space in Colvin Plaza

      750 SF retail/office space in a 9,000 SF plaza.
      1862 Colvin Blvd, Tonawanda, NY 14150
      View Details
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    76-100 Niagara St
    Tonawanda, NY 14150
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    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
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