Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1980 Niagara Fls Blvd Tonawanda, NY 14150-5542
    Property profile & analytics

    1980 Niagara Fls Blvd, Tonawanda, NY 14150-5542

    View on Map
    • Office buildings
    • 6,647 SF
    • 1.91 lot acres
    Off-Market
    Last Sale Jul 8, 2024
    $850,000
    Property ID
    US63-3365344
    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.
    Value Estimations
    $785,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Northtown Mahindra of Buffalo / Agricultural Supply

    Property Details for 1980 Niagara Fls Blvd

    Year built
    1998
    Lot size
    1.91 lot acres
    Zone code
    C
    Property type
    Office buildings
    APN
    146489 40.79-1-3
    APU
    146489407913

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 8, 2024 $850,000 Nac Real Estate Srk 18 Niagara Falls Blvd Associate Bargain & Sale Deed —
    — — Srk 18-niagara Falls Blvd Asso — Deed Of Trust · related $342k · Keybank USA
    — — Srk 18-niagara Falls Blvd Asso — Deed Of Trust · related $22k · Greater Buffalo Savings Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $475,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $689,000
      Market price range: $482k - $1.13M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $775,000
      Current use
      RETAIL STORES
      $965,000
      Change: +24% Conversion: Moderate
      RESTAURANT
      $910,000
      Change: +17% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $900,000
      Change: +16% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $670,000
      Change: -14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Tonawanda
    County
    Erie
    State
    New York
    Longitude
    -78.8234
    Latitude
    43.0084
    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
    $43,915
    $225,000
    $71,000
    $296,000
    -
    $937,475
    $295,825
    $1,233,300

    Comparable in this City

    • Value Estimation
      $3,215,000
      19,860 SF

      532 Main St

      OFFICE BUILDING
      532 Main St, Tonawanda, NY 14150-3853
      View Details
    • Value Estimation by Request
      2,680 SF

      2696 Sheridan Dr

      OFFICE BUILDING
      2696 Sheridan Dr, Tonawanda, NY 14150-9441
      View Details
    • Value Estimation by Request
      3,200 SF

      2567 Sheridan Dr

      OFFICE BUILDING
      2567 Sheridan Dr, Tonawanda, NY 14150-9411
      View Details
    • Value Estimation
      $1,225,000
      11,043 SF

      6 Main St

      OFFICE BUILDING
      6 Main St, Tonawanda, NY 14150-2106
      View Details
    • Value Estimation by Request
      5,464 SF

      200 Roosevelt St

      OFFICE BUILDING
      200 Roosevelt St, Tonawanda, NY 14150-3503
      View Details
    • Value Estimation
      $575,000
      7,920 SF

      933 Sheridan Dr

      OFFICE BUILDING
      933 Sheridan Dr, Tonawanda, NY 14150
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,916 SF

      Tonawanda Office/Flex Building For Sale

      5,916 SF office/flex building with flexible layout and parking.
      64 Broad St, Tonawanda, NY 14150
      View Details
    • $799,000
      Pending

      Historic Tonawanda Buildings Package Deal

      Two historic buildings in a walkable community, ideal for redevelopment.
      76 Adam St, Tonawanda, NY 14150
      View Details
    • $450,000
      2,662 SF

      Prime Tonawanda Office Building

      Turnkey Dental Space, High Traffic Area
      360 Greenhaven Ter, Tonawanda, NY 14150
      View Details
    • Contact for pricing
      68,696 SF

      Tonawanda Warehouse/Office/Flex Building

      Tonawanda warehouse/office/flex building with high visibility and ample parking.
      170 Cooper Ave, Tonawanda, NY 14150
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr

      Freestanding Office Building For Rent

      Professional office building with on-site parking near thruway.
      2566 Sheridan Dr, Tonawanda, NY 14150
      View Details
    • Contact for pricing
      1,294 SF

      Tonawanda Office Space For Rent

      Office space for rent with convenient highway access.
      275 Cooper Ave, Tonawanda, NY 14150
      View Details
    • Contact for pricing
      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
    • Contact for pricing

      Tonawanda Freestanding Building For Lease

      Freestanding building in Tonawanda, ideal for office, medical, or retail.
      935 Sheridan Dr, Tonawanda, NY 14150
      View Details
    • Contact for pricing

      Tonawanda Warehouse Space Available

      7,000 SF warehouse space with office and dock doors.
      2250 Military Rd, Tonawanda, NY 14150
      View Details
    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.
    1980 Niagara Fls Blvd
    Tonawanda, NY 14150-5542
    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
    1980 Niagara Fls Blvd, 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!