Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    37 Professional Parkway Lockport, NY 14094

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $250,000

    3,135 sq ft medical office building in Lockport, NY.

    Type:Office
    Property size:
    3,135 SF
    Lot size:
    0.46 Acres
    Added:
    Mar 25, 2026
    Days on Market:
    11
    Last Refresh:
    Mar 18 at 7:39 am

    Property Features for 37 Professional Parkway

    General Information

    Standard status
    Active
    Size
    3,135 SF
    Lot size
    0.46 Acres
    Property subtype
    Office

    We can help!

    Listing Contact
    Matthew DiFrancesco, CCIM

    Listing agent Matthew DiFrancesco, CCIM License #Real Estate Salesperson

    Listing office

    Listing date Mar 25, 2026

    Source Cbre

    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 Matthew DiFrancesco, CCIM

    Overview

    Medical Office Building For Sale

    This 3,135 sq. ft. medical office building features two suites and is situated on 0.46 acre in Lockport Professional Park. The property is fully leased to Accura Audiology, PLLC and Pediatric Dental Associates. It is located approximately 1.7 miles from downtown Lockport and the South Transit retail corridor.
    Location Intelligence

    Current Use by Public Records

    Dr. Raymond V. ... Physician Dr. Paolini Physician Avriel Kopp, PA-C Physician Dr Michael Schmidt ... Physician Accura Audiology Physician

    Suggested Use

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

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

    Similar Places Nearby

    • Cornerstone Veterinary Clinic — 81 Davison Ct, Lockport, NY 14094

    Location Insight

    • Map
    • Local Demand
    City
    Lockport
    County
    Niagara
    State
    New York
    Longitude
    -78.6641009
    Latitude
    43.1576146

    Nearby Similar for Sale

    • $850,000
      32,716 SF

      Lockport Development Opportunity

      Three properties offer adaptive reuse potential near Erie Canal.
      100 Genesee Street, 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 Street, Lockport, NY 14094
      View Details
    • $189,900
      1,520 SF

      Updated Duplex in Lockport

      Turnkey investment opportunity with two updated units in Lockport.
      18 Russell Street, Lockport, NY 14094
      View Details
    • $199,900
      6,718 SF

      Historic Mixed-Use Property in Lockport

      Mixed-use property in Lockport, perfect for live/work setup.
      207-221 Washburn Street, Lockport, NY 14094
      View Details
    • $199,900
      6,718 SF

      Historic Mixed-Use Property in Lockport

      Mixed-use property in Lockport, perfect for live/work and income.
      207-221 Washburn Street, Lockport, NY 14094
      View Details
    • $650,000
      55,000 SF

      Redevelopment Opportunity in Downtown Lockport

      Two properties totaling 55,000 SF on 1.5 acres.
      120 Main 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 Court, Lockport, NY, 14094
      View Details
    • $449,999
      6,768 SF

      Industrial Building with Office Space

      Industrial block building with showroom, office, and storage.
      20 Short Street, 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 Drive, Lockport, NY, 14094
      View Details
    • $399,000
      16,246 SF

      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
    • $895,000
      9,650 SF

      Downtown Lockport Office Building

      Two-story office building in the heart of Lockport.
      133-135 Main Street, Lockport, NY 14094
      View Details
    • $40,000
      2,208 SF

      Lockport Multifamily Renovation Opportunity

      Multifamily property in Lockport, NY, ideal for renovation.
      87 Locust Street, Lockport, NY 14094
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - 3,135 sq ft medical office building in Lockport, NY.
    Where is this medical office space located?
    The property is located at 37 Professional Parkway Lockport, NY.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Fully leased medical office building; Located in Lockport Professional Park; Two suites within the building, currently occupied by Accura Audiology, PLLC and Pediatric Dental Associates
    We can help!
    Listing Contact
    Matthew DiFrancesco, CCIM
    Real Estate License ID: Real Estate Salesperson
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!