Add Listing
    For Sale
    • 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

    207-221 Washburn St Lockport, NY 14094

    View on Map
    Sponsored
    For Sale
    $199,900

    COMMERCIAL - Lockport, NY

    Property size:
    6,718 SF
    Lot size:
    0.09 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 27 at 11:06 pm

    Property Features for 207-221 Washburn St

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    R3
    Rooms
    Basement
    APN
    290900-109-064-0001-002-000
    Parking
    6
    Parking features
    Paved or Surfaced
    Size
    6,718 SF
    Lot size
    0.09 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Electric (Heating), Natural Gas, Space Heater
    Cooling system
    Central Air

    Building Details

    Year built
    1900
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Hardwood, Vinyl, Varies, Linoleum, Carpet
    Building materials
    Frame
    Roof type
    Asphalt, Flat

    We can help!

    Listing Contact
    Sean Brennan

    M J Peterson Real Estate

    Listing agent Sean Brennan License #10401354162

    Listing date Mar 27, 2026

    MLS# B1667711

    Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Historic Mixed-Use Property, Lockport

    This historic mixed-use property is located in Lockport, NY. The property, situated near the Harrison Lofts, presents an opportunity to participate in Lockport's revitalization. The building's layout could accommodate two businesses and two apartments, potentially creating a live/work arrangement with supplementary income. Subject to space configuration, a third business could face Elmwood Avenue. The property size is 6,718 square feet, situated on a lot of approximately 0.09 acres. The zoning is R3. This property offers the chance to define its future.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lockport
    County
    Niagara
    State
    New York
    Longitude
    -78.685766
    Latitude
    43.168754

    Nearby Similar for Sale

    • $850,000
      32,716 SF

      Lockport Development Opportunity

      Three properties offer adaptive reuse potential near Erie Canal.
      100 Genesee St, Lockport, NY 14094
      View Details
    • $249,999
      5,274 SF

      Lockport Multifamily Investment Opportunity

      Five-unit property with income potential in Lockport, New York.
      89 Pine St, Lockport, NY 14094
      View Details
    • New
      $199,900
      6,718 SF

      Historic Mixed-Use Property, Lockport, NY

      Historic mixed-use property in Lockport, NY, with business and apartment potential.
      207-221 Washburn St, Lockport, NY 14094
      View Details
    • $320,000
      3,950 SF

      Medical Office Building For Sale

      3,950 SF medical office building in Lockport Professional Park.
      46 Davison Ct, Lockport, NY 14094
      View Details
    • New
      $40,000
      2,208 SF

      Lockport Multifamily Renovation Opportunity

      Multifamily property in Lockport, NY, ideal for renovation.
      87 Locust Street Ext, Lockport, NY 14094
      View Details
    • $1,100,000
      8,597 SF

      Medical Office Near Retail Corridor

      Spacious medical office with dental buildout near Lockport.
      5862 Snyder Dr, Lockport, NY 14094
      View Details
    • $850,000

      Lockport Development Opportunity For Sale

      Three properties in Lockport suitable for hospitality or mixed-use development.
      100 Genesee St, Lockport, NY 14094
      View Details
    • $650,000

      Redevelopment Opportunity in Downtown Lockport

      Two properties totaling 55,000 SF on 1.5 acres.
      120 Main St, Lockport, NY 14094
      View Details
    • $50,000

      Commercial Space on Lagrange Street

      Single-level commercial space with customization potential in Lockport, NY.
      106 Lagrange St, Lockport, NY 14094
      View Details
    • $399,000
      Pending

      Historic Mixed-Use Office Building

      Three-story mixed-use building with office tenants and development potential.
      29-31 W Main St, Lockport, NY 14094
      View Details
    • $399,000

      Historic Mixed-Use Office Building

      Three-story mixed-use building with office tenants and development potential.
      29 W Main St, Lockport, NY 14094
      View Details
    • $221,000
      2,762 SF

      Lockport Professional Park Office Building

      2,762 sq ft office building in Lockport, NY.
      60 Professional Pkwy, Lockport, NY 14094
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property in Lockport, perfect for live/work or income.
    Where is this mixed-use property located?
    The property is located at 207-221 Washburn St Lockport, NY.
    What is the asking price?
    The asking price for this property is $199,900.
    (530) 721-1908
    Request Owner's contact information
    207-221 Washburn St Lockport, NY 14094
    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.
    207-221 Washburn St
    Lockport, NY 14094
    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
    207-221 Washburn St Lockport, NY 14094
    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

    We can help!
    Listing Contact
    Sean Brennan
    Real Estate License ID: 10401354162
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!