Add Listing
    For Lease
    • 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

    6933 Williams Rd Niagara Falls, NY 14304

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    4,500 SF medical office space for lease.

    Property size:
    4,500 SF
    Lot size:
    1.60 Acres

    Property Features for 6933 Williams Rd

    General Information

    Size
    4,500 SF
    Lot size
    1.60 Acres

    We can help!

    Listing Contact
    Edward N. Mills
    Source: Moodyscre

    Listing Agency: J. R. Militello Realty, Inc Listing Agent: Edward N. Mills

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Medical Office Space Available

    A 4,500 square foot space is available for lease within a 9,000 square foot building constructed in 2016. The building currently houses Retina Consultants of WNY. The available space can be finished to suit with Class A finishes and can be divided. The stand-alone building offers convenient wayfinding for patients. There are 64 parking spaces available, providing a ratio of 7.1 spaces per thousand square feet of office space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    OCLI Vision Niagara ... Eye Care Center Dr. Christopher M. ... Ophthalmologist Dr. Mehdi Khan Ophthalmologist

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    Dr. Mike's Furry Friends Small Animal Hospital

    Location Insight

    • Map
    • Local Demand
    City
    Niagara Falls
    County
    Niagara
    State
    New York
    Longitude
    -78.940744
    Latitude
    43.091286

    Nearby Similar for Lease

    • $6 SF/Yr
      8,052 SF

      Niagara Falls Office/Warehouse Space

      Office/warehouse space near I-190 and commercial corridors in Niagara Falls.
      6900 Mooradian Dr, Niagara Falls, NY 14304
      View Details
    • $399,000
      Pending

      Equipped Daycare Facility For Sale

      Fully equipped daycare facility with modern finishes and outdoor play areas.
      300 Hyde Park Blvd, Niagara Falls, NY 14303
      View Details
    • $1,500,000

      Automotive Complex on High-Traffic Corner

      Fully operational automotive complex on 2.6 acres with three buildings.
      5621 Lockport Rd, Niagara Falls, NY 14305
      View Details
    • $18 SF/Yr

      Freestanding Retail Building in Niagara

      Retail space in high-traffic Niagara Falls trade area.
      1401 Military Rd, Niagara Falls, NY 14304
      View Details
    • $199,000

      Automotive Repair Shop with Upgrades

      Commercially zoned auto-body shop with insulated pole barn.
      2910 Louisiana Ave, Niagara Falls, NY 14305
      View Details
    • $999 /Mo

      Renovated Storefront on Main Street

      Newly renovated commercial space for lease in Niagara Falls.
      524 Main St, Niagara Falls, NY 14301
      View Details
    • $9 SF/Yr

      Retail Storefront in Niagara Falls

      7,036 SF retail building with parking in Niagara Falls.
      1309 Pine Ave, Niagara Falls, NY 14301
      View Details
    • $2,500 /Mo

      Lockport Road Commercial Space Available

      3,300 SF commercial space suitable for auto repair/dealership.
      5621 Lockport Rd, Niagara Falls, NY 14305
      View Details
    • $9 SF/Yr

      Retail Space in Tops Plaza

      Former Verizon retail space in a busy Niagara Falls plaza.
      810 Portage Rd, Niagara Falls, NY 14301
      View Details
    • Contact for pricing

      Former Retail Space in Niagara

      High-visibility retail space in a high-traffic Niagara Falls location.
      1717 Pine Ave, Niagara Falls, NY 14301
      View Details
    • Contact for pricing

      Former Rite Aid Plaza Available

      Retail spaces with high visibility and ample parking.
      4407 Military Rd, Niagara Falls, NY 14305
      View Details
    • $1,500 /Mo

      Versatile Commercial Space For Rent

      3,510 SF commercial space suitable for various businesses.
      1615 Pine Ave, Niagara Falls, NY 14301
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - 4,500 SF medical office space for lease.
    Where is this medical office space located?
    The property is located at 6933 Williams Rd Niagara Falls, NY.
    What are key features of this property?
    This property features: - 4,500 SF available for lease in a 9,000 SF building; - Class A finishes, built to suit; - Stand-alone building with easy wayfinding
    (716) 856-2872 Call to check price and availability
    Request Owner's contact information
    6933 Williams Rd Niagara Falls, NY 14304
    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.
    6933 Williams Rd
    Niagara Falls, NY 14304
    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
    6933 Williams Rd Niagara Falls, NY 14304
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Edward N. Mills
    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!