Office Suite with Private
116 Lake Avenue, Hamburg, NY 14219
For Sale
Contact for pricing
A private kitchenette, half bathroom, and on-site parking complement the office layout.
Property Size1,600 SF
Price / SF$1.31
Days on Market9
Property Features for 116 Lake Avenue
General Information
Standard status
Size
Additional Details
Condition
Property Use
Amenities
private offices
high ceilings
natural light
durable flooring
entry area
sliding barn-style door
private kitchenette
half bathroom
Listing Agency:
Thomas J. Johnson Realty, LLC
(716) 662-3433
Listed By:
Kevin Johnson · License #10491206792
(716) 432-8187
Source:
Nicholcityrealty
Added: Oct 30
Changed: Nov 6
Last Checked: Nov 6 at 3:38PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Thomas J. Johnson Realty, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 1,600-square-foot office suite contains three private offices, a shared entry area, and high ceilings. Natural light and durable flooring extend throughout. A kitchenette is equipped with cabinetry, a sink, refrigerator, and counter space; the suite also has a half bathroom. On-site parking is available for employees and visitors.
Key Highlights
- 1,600 square feet with three private offices
- High ceilings, natural light, and durable flooring
- Kitchenette includes cabinetry, sink, refrigerator, and counter space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,049
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,980
$401.0K
Cap Rate 7%
$286,414
$286.4K
Cap Rate 9%
$222,767
$222.8K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$32.6K $20.40/SF
− Vacancy
−$5.9K −$3.69/SF
EGI
$26.7K $16.71/SF
− OpEx
−$6.7K −$4.18/SF
NOI
$20.0K $12.53/SF
Area
Erie County, NY
Vacancy
18.10%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,980
Cap Rate 7%
$286,414
Cap Rate 9%
$222,767
Alternative Uses
Best Use
Office B
$286.4K
$250.6K – $334.2K
NOI $20,049 @ 7.0% cap · market cap 954.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$349.8K
$306.1K – $408.1K
NOI $24,484 @ 7.0% cap · market cap 1,165.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
357
Businesses Nearby
Explore this area
Business Placement
Demographics for 14219, NY
11,593
Population
5,612
Households
2.1
Avg Household Size
42
Median Age
21%
College-Educated
94%
High-School Grad
6.9 sq mi
ZIP Area
1,680
Density / Sq Mi
$75,465
Median Household Income
$45,957
Median Earnings
$928
Median Rent
$181,800
Median Home Value
Market
Average Price Trend$/SF for Office Units in Erie County, NY
Properties on Market for Office Units in Erie County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - A private kitchenette, half bathroom, and on-site parking complement the office layout.
Where is this office unit located?
The property is located at 116 Lake Avenue Hamburg, NY.
What are key features of this property?
This property features: 1,600 square feet with three private offices; High ceilings, natural light, and durable flooring; Kitchenette includes cabinetry, sink, refrigerator, and counter space
