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

    1308 Niagara Fls Blvd Tonawanda, NY 14150-8917

    • Retail space
    • 4,477 SF
    • 1.18 lot acres
    OFF-MARKET
    Value Estimations
    $530,000
    Show details
    Cap Rate Potential
    9.8%
    Retail space
    Location Intelligence
    Property ID
    US63-3731123
    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

    • Tim Hortons / Cafe / Donut Shop
    • Empire Visionworks / Optometrist / Contact Lenses Supplier
    • KAYLA M WHELAN / Optometrist
    • Mrs. Aurela Llakatura / Optometrist
    • JAY S ZIMMERMAN / Optometrist

    Property Details for 1308 Niagara Fls Blvd

    Year built
    1998
    Lot size
    1.18 lot acres
    Property size
    4,477 SF
    Zone code
    C
    Property type
    Retail space
    APN
    146489 54.71-2-12.12
    APU
    146489547121212

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $410,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $670,000
      6.5%
      $620,000
      7%
      $575,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $558,000
      Market price range: $316k - $974k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $650,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $605,000
      Change: -7% Conversion: Moderate
      OFFICE BUILDING
      $525,000
      Change: -20% Conversion: Easy

    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
    42.9896
    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
    $29,374
    $185,000
    $114,000
    $299,000
    -
    $770,813
    $474,987
    $1,245,800

    Comparable in this City

    • Value Estimation
      $3,470,000
      13,286 SF

      47th Niagara St

      RETAIL STORES (PERSONAL SERVICES) • 13,286 SF
      47th Niagara St, Tonawanda, NY 14150
      View Details
    • Value Estimation
      $1,110,000
      14,000 SF

      811 Niagara St

      RETAIL STORES (PERSONAL SERVICES) • 14,000 SF
      811 Niagara St, Tonawanda, NY 14150-5804
      View Details
    • Value Estimation by Request
      0.16 Acres

      175 Brompton Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.16 Acres
      175 Brompton Rd, Tonawanda, NY 14150-4534
      View Details
    • Value Estimation by Request
      3,384 SF

      129 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,384 SF
      129 Main St, Tonawanda, NY 14150-3348
      View Details
    • Value Estimation
      $1,010,000
      10,400 SF

      621 Delaware St

      RETAIL STORES (PERSONAL SERVICES) • 10,400 SF
      621 Delaware St, Tonawanda, NY 14150-5359
      View Details
    • Value Estimation
      $660,000
      9,164 SF

      81 Young St

      RETAIL STORES (PERSONAL SERVICES) • 9,164 SF
      81 Young St, Tonawanda, NY 14150-2315
      View Details

    Similar Nearby for Sale

    • $150,000

      Renovated Office/Garage Space Available

      3,000 SF office and 2,400 SF garage ready for renovation.
      2250 Military Rd, 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
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    • $895,000
      4,500 SF

      Retail Building with Warehouse Space

      4500 SF retail building with warehouse and modern updates.
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      42,000 SF

      Industrial Buildings with Development Potential

      Two buildings on 5 acres, development opportunity available.
      2200 Military Rd, Tonawanda, NY 14150
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    • $149,900

      Remodeled Retail Building For Sale

      Remodeled retail building with a long-term tenant in place.
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      Tonawanda Commercial Property on Broad

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    Similar Nearby for Lease

    • $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
    • Contact for pricing
      70,062 SF

      Prime Retail Space I-290 Visibility

      Large retail space with excellent I-290 visibility and access.
      798 Young St, Tonawanda, NY 14150
      View Details
    • $15 SF/Yr
      39,667 SF

      Tonawanda Commercial Space For Rent

      Office or retail space available across from Boulevard Mall.
      1200 Niagara Falls Blvd, Tonawanda, NY 14150
      View Details
    • Contact for pricing
      3,098 SF

      Retail Space with High Visibility

      Retail space with strong co-tenants, easy access, and signage.
      746-798 Young St, 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

    Property Visit Statistics

    • Visits by month
      12.2k
    • Visitors by month
      9.1k
    • Avg Time on site
      11 min
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    Tonawanda, NY 14150-8917
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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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