Open-Concept Office
15 Main Street, Royalton, NY 14105
For Sale
Contact for pricing
Flexible office space includes natural light, a private bathroom, and access to a separate break room.
Property Size3,564 SF
Price / SF$0.21
Days on Market52
Property Features for 15 Main Street
General Information
Standard status
Size
Additional Details
Corner Location
Amenities
private bathroom
break room
Listing Agency:
Berkshire Hathaway Homeservices Zambito Realtors
(585) 798-9898
Listed By:
Mark F Zambito · License #10491211627
(585) 576-3435
Source:
Nicholcityrealty
Added: Sep 19
Changed: Nov 1
Last Checked: Nov 8 at 5:43AM
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 Berkshire Hathaway Homeservices Zambito Realtors
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Investment Insights
Based on property information with market context.
This 3,564-square-foot office unit features an open-concept interior with abundant natural light from large bay windows. Adjustable shutters provide control over privacy and support window displays or signage. The flexible floor plan can be configured for a range of office requirements.
The unit includes a private bathroom, while a break room located across the hall provides additional functional space. The break room may also serve as storage or be adapted to another use. A corner setting and prominent windows add exposure to the existing office configuration.
The unit includes a private bathroom, while a break room located across the hall provides additional functional space. The break room may also serve as storage or be adapted to another use. A corner setting and prominent windows add exposure to the existing office configuration.
Key Highlights
- 3,564‑square‑foot office unit
- Open‑concept layout with large bay windows
- Adjustable shutters provide privacy and display flexibility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,203
Suggested Prices Based on Cap Rates
Cap Rate 5%
$784,060
$784.1K
Cap Rate 7%
$560,043
$560.0K
Cap Rate 9%
$435,589
$435.6K
Market Conditions
NOI Build-Up for 3,564 SF
Gross rent
$64.2K $18.00/SF
− Vacancy
−$8.1K −$2.29/SF
EGI
$56.0K $15.71/SF
− OpEx
−$16.8K −$4.71/SF
NOI
$39.2K $11.00/SF
Area
Niagara County, NY
Vacancy
12.70%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$784,060
Cap Rate 7%
$560,043
Cap Rate 9%
$435,589
Alternative Uses
Best Use
Office B
$720.1K
$630.1K – $840.1K
NOI $50,404 @ 7.0% cap · market cap 6,720.53%
Second Best
Retail
$560.0K
$490.0K – $653.4K
NOI $39,203 @ 7.0% cap · market cap 5,227.07%
Theoretical Best
Office A
$960.1K
$840.1K – $1.12M
NOI $67,206 @ 7.0% cap · market cap 8,960.80%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
143
Businesses Nearby
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Business Placement
Demographics for 14105, NY
4,388
Population
2,149
Households
2
Avg Household Size
44
Median Age
20%
College-Educated
90%
High-School Grad
51.6 sq mi
ZIP Area
85
Density / Sq Mi
$85,208
Median Household Income
$37,527
Median Earnings
$594
Median Rent
$154,900
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Niagara County, NY
Properties on Market for Office Units in Niagara County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Flexible office space includes natural light, a private bathroom, and access to a separate break room.
Where is this office unit located?
The property is located at 15 Main Street Royalton, NY.
What are key features of this property?
This property features: 3,564‑square‑foot office unit; Open‑concept layout with large bay windows; Adjustable shutters provide privacy and display flexibility
