Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    378 Franklin St Tonawanda, NY 14150-3838

    • Warehouses
    • 10,336 SF
    • 2.70 lot acres
    OFF-MARKET
    Value Estimations
    $675,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-6240412
    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

    • Custom Millwork Supply / Industrial Manufacturer

    Property Details for 378 Franklin St

    Year built
    2007
    Lot size
    2.70 lot acres
    Property size
    10,336 SF
    Property type
    Warehouses
    APN
    141600 52.08-4-14.1
    APU
    14160052084141

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $920,000
      6.5%
      $845,000
      7%
      $785,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $534,000
      Market price range: $199k - $534k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $640,000
      Current use
      AUTO REPAIR, GARAGE
      $1,040,000
      Change: +63% Conversion: Easy
      COMMERCIAL (GENERAL)
      $795,000
      Change: +24% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Tonawanda
    County
    Erie
    State
    New York
    Longitude
    -78.8835
    Latitude
    43.0059
    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
    2023
    $0.00
    $148,000
    $952,000
    $1,100,000
    -
    $148,000
    $952,000
    $1,100,000

    Comparable in this City

    • Value Estimation
      $5,990,000
      162,415 SF

      574 Main St

      WAREHOUSE, STORAGE • 162,415 SF
      574 Main St, Tonawanda, NY 14150-3851
      View Details
    • Value Estimation by Request
      1,716 SF

      5 Nowak St

      WAREHOUSE, STORAGE • 1,716 SF
      5 Nowak St, Tonawanda, NY 14150
      View Details
    • Value Estimation by Request
      9,000 SF

      4002 Riv Rd

      WAREHOUSE, STORAGE • 9,000 SF
      4002 Riv Rd, Tonawanda, NY 14150
      View Details
    • Value Estimation
      $560,000
      8,025 SF

      521 Young St

      BULK STORAGE, TANKS • 8,025 SF
      521 Young St, Tonawanda, NY 14150-4108
      View Details
    • Value Estimation
      $5,710,000
      76,511 SF

      670 Young St

      WAREHOUSE, STORAGE • 76,511 SF
      670 Young St, Tonawanda, NY 14150-4103
      View Details
    • Value Estimation
      $515,000
      11,904 SF

      92 Cooper Ave

      WAREHOUSE, STORAGE • 11,904 SF
      92 Cooper Ave, Tonawanda, NY 14150-6650
      View Details

    Similar Nearby for Sale

    • 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
    • $895,000

      Retail Building with Warehouse Space

      4500 SF retail building with warehouse and modern updates.
      1376 Niagara Falls Blvd, Tonawanda, NY 14150
      View Details
    • 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
    • $495,000

      Freestanding Tonawanda Warehouse with Office

      Warehouse with Class A office space, abundant parking, outside storage.
      594 Sheridan Dr, Tonawanda, NY 14150
      View Details
    • Contact for pricing

      Tonawanda Manufacturing Property with Warehouse

      Manufacturing property with warehouse and office space available for sale.
      2299 Military Rd, Tonawanda, NY 14150
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr

      Tonawanda Warehouse Space For Rent

      Industrial/warehouse space available Spring 2026 in Tonawanda, NY.
      550 Fillmore Ave, Tonawanda, NY 14150
      View Details
    • $10 SF/Yr

      Modern Warehouse Space Near Erie Canal

      Practically new warehouse space with high ceilings and modern amenities.
      156 E Niagara St, Tonawanda, NY 14150
      View Details
    • $8 SF/Yr
      46,500 SF

      Tonawanda Industrial Space For Lease

      Industrial space available near downtown Buffalo and U.S.-Canada border.
      295 Fire Tower Dr, Tonawanda, NY 14150
      View Details
    • Contact for pricing
      14,300 SF

      Tonawanda Warehouse Space Available

      Industrial suites with docks and drive-in access, convenient location.
      4000 River Rd, Tonawanda, NY 14150
      View Details
    • Contact for pricing

      Mixed-Use Building with Retail Space

      Mixed-use building with retail and residential spaces, including Tim Hortons.
      618 Delaware St, Tonawanda, NY 14150
      View Details
    • $18 SF/Yr
      4,200 SF

      New Retail/Office/Restaurant Space Available

      New construction retail/office/restaurant space for lease in Tonawanda, NY.
      1230 Colvin Blvd, 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.
    378 Franklin St
    Tonawanda, NY 14150-3838
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!