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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1200 Niagara Falls Blvd Tonawanda, NY 14150

    • Strip malls
    • 16,000 SF
    • 2.40 lot acres
    For Lease
    View listing
    $15 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3334838
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Strip malls

    Property Details for 1200 Niagara Falls Blvd

    Year built
    1990
    Lot size
    2.40 lot acres
    Property size
    16,000 SF
    Zone code
    C
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    146489 54.79-3-2.1
    APU
    1464895479321

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,930,000
      Market price range: $669k - $4.03M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,165,000
      Current use
      RESTAURANT
      $2,185,000
      Change: +1% Conversion: Difficult
      OFFICE BUILDING
      $1,870,000
      Change: -14% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tonawanda
    County
    Erie
    State
    New York
    Longitude
    -78.8232
    Latitude
    42.9875
    CBSA code
    15380
    CBSA name
    BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2019
    $97,512
    $508,000
    $218,000
    $726,000
    -
    $2,116,667
    $908,333
    $3,025,000

    Comparable in this City

    • Value Estimation
      $3,805,000
      55,363 SF

      4216 Delaware Ave

      SHOPPING CENTER, STRIP CENTER • 55,363 SF
      4216 Delaware Ave, Tonawanda, NY 14150
      View Details
    • Value Estimation
      $1,210,000
      16,108 SF

      2800 Sheridan Dr, Unit 2830

      SHOPPING CENTER, STRIP CENTER • 16,108 SF
      2800 Sheridan Dr, Tonawanda, NY 14150-9419
      View Details
    • Value Estimation
      $1,275,000
      10,731 SF

      533 Niagara St

      SHOPPING CENTER, STRIP CENTER • 10,731 SF
      533 Niagara St, Tonawanda, NY 14150-1838
      View Details
    • Value Estimation
      $800,000
      44,295 SF

      750 Young St

      SHOPPING CENTER, STRIP CENTER • 44,295 SF
      750 Young St, Tonawanda, NY 14150-4122
      View Details
    • Value Estimation
      $885,000
      10,000 SF

      380 Hinds St, Unit 410

      SHOPPING CENTER, STRIP CENTER • 10,000 SF
      380 Hinds St, Tonawanda, NY 14150-3736
      View Details
    • Value Estimation by Request
      28,215 SF

      746 Young St, Unit 796

      SHOPPING CENTER, STRIP CENTER • 28,215 SF
      746 Young St, Tonawanda, NY 14150-4101
      View Details

    Similar Nearby for Sale

    • $1,300,000

      Tonawanda Shopping Center Investment

      High-potential redevelopment site, 50% occupied.
      2436 Niagara Falls Blvd, Tonawanda, NY 14150
      View Details
    • $3,900,000
      30,014 SF

      Tonawanda Retail Plaza For Sale

      Multi-tenant investment property shadow-anchored by Tops Grocery in vibrant Tonawanda.
      76-100 Niagara St, Tonawanda, NY 14150
      View Details
    • $1,500,000
      26,000 SF

      Tonawanda Retail/Industrial Opportunity

      High-visibility corner lot suitable for retail, supermarket, or self-storage.
      3640 Delaware Ave, Tonawanda, NY 14150
      View Details
    • $219,900

      Turnkey Bar/Restaurant Opportunity

      Turnkey bar/restaurant with recent updates and equipment included.
      127 Niagara St, Tonawanda, NY 14150
      View Details
    • Contact for pricing

      Established Tavern and Restaurant For Sale

      Turn-key bar and restaurant with community ties and equipment included.
      707 Main St, Tonawanda, NY 14150
      View Details
    • $325,000
      Pending

      Tonawanda Commercial Building For Sale

      Fully occupied commercial building with retail and office space.
      67 Main St, Tonawanda, NY 14150
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      High-Traffic Retail Space Available

      Retail space for lease in high-traffic neighborhood center.
      4220-4264 Delaware Ave, Tonawanda, NY 14150
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space in High-Traffic Area

      Retail spaces available in a busy neighborhood center.
      1008-1010 Niagara Falls Blvd, Tonawanda, NY 14150
      View Details
    • Contact for pricing

      Tonawanda Retail Space For Rent

      Single-story strip center with high visibility and ample parking.
      2784 Sheridan Dr, Tonawanda, NY 14150
      View Details
    • Contact for pricing
      13,086 SF

      Tonawanda Retail Space For Rent

      Retail space available in high-traffic Tonawanda location near I-290.
      1750 Niagara Falls Blvd, Tonawanda, NY 14150
      View Details
    • $19 SF/Yr
      750 SF

      Tonawanda Retail Opportunity For Lease

      Retail space available in Colvin Plaza, Tonawanda, NY.
      1856 Colvin Blvd, Tonawanda, NY 14150
      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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    1200 Niagara Falls Blvd
    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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