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    Property profile & analytics

    60 Main St Tonawanda, NY 14150-2132

    • Investment properties
    • 12,897 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimations
    $1,040,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1443706
    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

    • AAcrylics Nails / Nail Salon
    • Sparkles universal studio / Training Center
    • Plant It Express NY LLC / Factory / Industrial Manufacturer
    • The Lash Guru / Hair Salon / Nail Salon
    • Her Seed Bank / Agricultural Supply / Garden Center

    Property Details for 60 Main St

    Year built
    1909
    Lot size
    0.17 lot acres
    Property size
    12,897 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    141600 39.45-3-8
    APU
    141600394538

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $920,000
      Market price range: $675k - $1.37M
      AI Estimate
      $979,000
      Market price range: $636k - $1.50M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $995,000
      Current use
      OFFICE BUILDING
      $1,505,000
      Change: +52% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,295,000
      Change: +31% Conversion: Difficult
      WAREHOUSE, STORAGE
      $800,000
      Change: -20% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Tonawanda
    County
    Erie
    State
    New York
    Longitude
    -78.8788
    Latitude
    43.0189
    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
    $41,800
    $458,200
    $500,000
    -
    $41,800
    $458,200
    $500,000

    Comparable in this City

    • Value Estimation by Request
      731 SF

      82 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 731 SF
      82 Main St, Tonawanda, NY 14150-2130
      View Details
    • Value Estimation
      $2,215,000
      25,824 SF

      63 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 25,824 SF
      63 Main St, Tonawanda, NY 14150-2133
      View Details
    • Value Estimation by Request
      681 SF

      795 Young St

      OFFICE/RESIDENTIAL (MIXED USE) • 681 SF
      795 Young St, Tonawanda, NY 14150
      View Details
    • Value Estimation by Request
      1,935 SF

      305 Delaware St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,935 SF
      305 Delaware St, Tonawanda, NY 14150-3511
      View Details
    • Value Estimation by Request
      7,040 SF

      36 Niagara St

      OFFICE/RESIDENTIAL (MIXED USE) • 7,040 SF
      36 Niagara St, Tonawanda, NY 14150-1103
      View Details
    • Value Estimation by Request
      1,987 SF

      2572 Sheridan Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 1,987 SF
      2572 Sheridan Dr, Tonawanda, NY 14150-9412
      View Details

    Similar Nearby for Sale

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      Tonawanda Shopping Center Investment

      High-potential redevelopment site, 50% occupied.
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      28,280 SF

      Tonawanda Industrial Property: 28,280 SF

      Prime Tonawanda industrial space, ideal for distribution or manufacturing.
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    • $795,000
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      Tonawanda Industrial Redevelopment Opportunity

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      Two Historic Buildings For Sale

      Redevelopment opportunity in a vibrant, walkable community.
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    • $150,000
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      Renovated Office/Garage Space Available

      3,000 SF office with 2,400 SF garage, ready for renovation.
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    • Contact for pricing

      Niagara Falls Boulevard Redevelopment Site

      14-room motel and houses on 1.07 acres for sale.
      2740-2752 Niagara Falls Blvd, Tonawanda, NY 14150
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    Similar Nearby for Lease

    • Contact for pricing
      17,000 SF

      Niagara Falls Boulevard Office Space

      Office space available on Niagara Falls Boulevard from 100-2,400 SF.
      1876 Niagara Falls Blvd, 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
    • $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
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    • Contact for pricing
      8,200 SF

      Tonawanda Retail Space Available

      Prime Retail Space, 1,200-7,000 SF
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      View Details
    • $4 SF/Yr

      Tonawanda Cross-Dock Facility For Lease

      Cross-dock facility with 104 doors, ideal for trucking.
      383 Sawyer Ave, 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
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    60 Main St
    Tonawanda, NY 14150-2132
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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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