Flex Space with Overhead
New
For Sale
Contact for pricing
162 Caledonia Street, Lockport, NY 14094
An updated office, shop, and mezzanine combine administrative space with room for equipment and inventory.
Property Size2,701 SF
Price / SF$0.74
Days on Market2
Property Features for 162 Caledonia Street
General Information
Standard status
Active
Size
2,701 SF
Warehouse & Industrial
Clear Height
14.5 ft
Office Build-Out
700 SF
Mezzanine
700 SF
Amenities
Kitchen appliances
Laundry hookups
Listing Agency:
Berkshire Hathaway HS Zambito
(585) 798-9898
Listed By:
Angelea Pugh
(585) 331-6347
Source:
Nicholcityrealty
Added: Oct 19
Last Checked: Oct 19 at 2:40PM
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 HS Zambito
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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.
This flex property includes a 700sf office, a 2,000sf shop, and a 700sf mezzanine used for storage. The shop has 14.5-foot ceilings and two 14-foot overhead doors. The office has been updated, and kitchen appliances and laundry hookups are included.
The property occupies a double lot at 162 Caledonia Street in Lockport City, New York.
The property occupies a double lot at 162 Caledonia Street in Lockport City, New York.
Key Highlights
- 2,000sf shop with 14.5‑foot ceilings
- Two 14‑foot overhead doors
- 700sf office and 700sf storage mezzanine
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,588
Suggested Prices Based on Cap Rates
Cap Rate 5%
$471,760
$471.8K
Cap Rate 7%
$336,971
$337.0K
Cap Rate 9%
$262,089
$262.1K
Market Conditions
NOI Build-Up for 2,701 SF
Gross rent
$38.9K $14.40/SF
− Vacancy
−$2.6K −$0.96/SF
EGI
$36.3K $13.44/SF
− OpEx
−$12.7K −$4.70/SF
NOI
$23.6K $8.73/SF
Area
Niagara County, NY
Vacancy
6.70%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$471,760
Cap Rate 7%
$336,971
Cap Rate 9%
$262,089
Alternative Uses
Best Use
Warehouse
$2.30M
$2.01M – $2.68M
NOI $160,652 @ 7.0% cap · market cap 8,032.60%
Second Best
Industrial
$1.89M
$1.65M – $2.21M
NOI $132,302 @ 7.0% cap · market cap 6,615.10%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
14 ft
Clear height
Location Intelligence
Trade Area within ½ mile
781
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14094, NY
50,969
Population
23,283
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
92%
High-School Grad
121.7 sq mi
ZIP Area
419
Density / Sq Mi
$73,354
Median Household Income
$45,056
Median Earnings
$869
Median Rent
$186,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Myles Fish & Wings — 32 Cottage St, Lockport, NY 14094
- 80 Main Banquet & Catering — 80 Main St suite g, Lockport, NY 14094
Frequently Asked Questions
What type of property is this?
Flex space - An updated office, shop, and mezzanine combine administrative space with room for equipment and inventory.
Where is this flex space located?
The property is located at 162 Caledonia Street Lockport, NY.
What are key features of this property?
This property features: 2,000sf shop with 14.5‑foot ceilings; Two 14‑foot overhead doors; 700sf office and 700sf storage mezzanine
