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Property profile & analytics
FOR LEASE
Strip malls
2309 Eggert Rd Tonawanda, NY 14150
Entity Owned
Free & Clear
Property ID
US63-1597710
For Lease
1 / 9
$6,880,000
2309 Eggert Rd, Tonawanda, NY 14150
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Property summary
AI-generated overview
Sheridan Plaza, a 121,846 square foot power center in Tonawanda, NY, offers exceptional retail space for lease. Located at 2309 Eggert Rd, this three-building property sits on a 9.19-acre lot and boasts a prime location at the corner of Sheridan Drive and Niagara Falls Boulevard, within Erie County. The property features nearly 500 parking spaces and offers multiple tenancy options, with spaces ranging from 1,000 to 7,665 contiguous square feet, and currently has 19,170 square feet of vacant space available. Built in 1968, this center benefits from high visibility along a major retail corridor, drawing from a large trade area including the affluent Amherst suburb and the University at Buffalo (with over 31,000 students) within a two-mile radius. Easy access to I-290 further enhances its appeal. An ATM pad site near the Sheridan Drive curb cut is also available for ground lease. This location provides excellent exposure and accessibility for a variety of retail concepts. The property's strong demographics and convenient location make it an ideal investment opportunity.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1968
Total area
101,854 SF
Lot
9.19 ac (400,316 SF)
Zoning code
C
APN
146489 67.30-3-1.111
UPID
US63-1597710
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
The Salon Professional Academy - Buffalo Vocational School Training Center
-
Erie County Auto Bureau DMV Department Of Motor Vehicles
-
SHERIDAN PLAZA Business Service Center Corporate Office
-
Tiffany Bauer, MA Physician
-
O'Reilly Auto Parts Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.17M
Blend (final)
Blend
$6.88M
Owner & transaction history
Oreilly Auto Enterprises LLC
Oreilly Auto Enterprises LLC
since 2026
2 recorded transactions
Zoning & alternative use
C · Tonawanda, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Tonawanda submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tonawanda submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
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T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.88M
Range $6.19M – $7.57M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$68 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2019Property tax & assessments
Tax year 2019
Tax billed
$286,199
Tax year 2019
Assessed value
$2,697,000
Assessed 2023
Previous assessed
$2,697,000
+0.0% YoY
Effective rate
10.61%
On assessed value
Assessed land
$980,000
Assessed improvement
$1,717,000
Land market value
$4,083,333
Improvement market value
$7,154,167
Total market value
$11,237,500
Applied tax rate
146,401.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1968
Heating
NONE
Cooling
CENTRAL
Buildings
4
Stories
1
Total area
101,854 SF
Lot
9.19 ac (400,316 SF)
Zoning code
C
APN
146489 67.30-3-1.111
UPID
US63-1597710
Jurisdiction
ERIE
Zoning & alternative use
C · Tonawanda, NY
Zoning C · permitted uses
C · Tonawanda, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tonawanda. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1968
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Lot
9.19 ac
Current owner
From public records · entity-resolved
Oreilly Auto Enterprises LLC
Entity
Free & Clear · 0 yrs held
Mailing address
415 PARK AVE, ROCHESTER, NY 14607-2808
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2026
—
Oreilly Auto Enterprises LLC
Sheridan Plaza LLC
Deed
—
Jan 21, 2014
$5,000,000
Sheridan Plaza LLC
Bg Odp Tonawanda LLC
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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