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    4216 Delaware Ave Tonawanda, NY 14150
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    Property profile & analytics

    4216 Delaware Ave, Tonawanda, NY 14150

    View on Map
    • Strip malls
    • 55,363 SF
    • 3.77 lot acres
    Off-Market
    Property ID
    US63-0161327
    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
    $3,805,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • THE RICE GARDEN / Restaurant

    Property Details for 4216 Delaware Ave

    Year built
    1957
    Lot size
    3.77 lot acres
    Zone code
    TND
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    146489 53.09-7-2
    APU
    146489530972

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 24, 2011 $4,500,000 Pdq Kenleon Delton LLC Del-ton Station INC Grant Deed —
    Jul 3, 2007 $5,736,400 Del-ton Station INC Bg Del-ton LLC Grant Deed $4.1M · Lasalle National Bank
    — — Pdq Kenleon Delton LLC — Loan Modification · related $3.9M · Lake Shore Savings Bank
    — — Pdq Kenleon Delton LLC — Deed Of Trust · related $3.4M · Branch Banking & Trust Co
    — — Del-ton Station INC — Deed Of Trust · related $375k · Bank Of America
    — — Del-ton Station INC — Deed Of Trust · related $375k · Bank Of America

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,887,000
      Market price range: $2.31M - $13.9M

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

    Location Insight

    • Map
    • Local Demand
    City
    Tonawanda
    County
    Erie
    State
    New York
    Longitude
    -78.8756
    Latitude
    42.9997
    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
    $158,374
    $635,000
    $827,000
    $1,462,000
    -
    $2,645,848
    $3,445,852
    $6,091,700

    Comparable in this City

    • Value Estimation
      $1,210,000
      16,108 SF

      2800 Sheridan Dr, Unit 2830

      SHOPPING CENTER, STRIP CENTER
      2800 Sheridan Dr, Tonawanda, NY 14150-9419
      View Details
    • Value Estimation
      $740,000
      27,600 SF

      2298 Niagara Fls Blvd

      SHOPPING CENTER, STRIP CENTER
      2298 Niagara Fls Blvd, Tonawanda, NY 14150-4759
      View Details
    • Value Estimation
      $9,710,000
      30,000 SF

      100 Niagara St

      SHOPPING CENTER, STRIP CENTER
      100 Niagara St, Tonawanda, NY 14150-1104
      View Details
    • Value Estimation
      $6,880,000
      101,854 SF

      2309 Eggert Rd

      SHOPPING CENTER, STRIP CENTER
      2309 Eggert Rd, Tonawanda, NY 14150-9200
      View Details
    • Value Estimation
      $1,385,000
      16,000 SF

      1200 Niagara Fls Blvd

      SHOPPING CENTER, STRIP CENTER
      1200 Niagara Fls Blvd, Tonawanda, NY 14150
      View Details
    • Value Estimation
      $1,275,000
      10,731 SF

      533 Niagara St

      SHOPPING CENTER, STRIP CENTER
      533 Niagara St, Tonawanda, NY 14150-1838
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,000 SF

      Renovated Office/Garage Space Available

      3,000 SF office with 2,400 SF garage, ready for renovation.
      2266 Military Rd, Tonawanda, NY 14150
      View Details
    • Contact for pricing
      Pending

      Tonawanda Mixed-Use Corner Property

      Fully occupied mixed-use building with retail and office spaces.
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    • Contact for pricing
      13,905 SF

      Tonawanda Retail Building For Sale

      Retail building in Tonawanda, NY with long-term lease.
      10 Young St, Tonawanda, NY 14150
      View Details

    Similar Nearby for Lease

    • 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
      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
      750 SF

      Tonawanda Retail Opportunity For Lease

      Retail space available in Colvin Plaza, Tonawanda, NY.
      1856 Colvin Blvd, Tonawanda, NY 14150
      View Details
    • Contact for pricing

      Prime Retail Space I-290 Visibility

      Large retail space with excellent I-290 visibility and access.
      798 Young St, Tonawanda, NY 14150
      View Details
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    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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