Office Units with On-Site
20 Lawrence Bell Drive, Amherst, NY 14221
For Sale
Contact for pricing
Flexible interior areas combine open workspace with perimeter offices, meeting rooms, and a kitchenette.
Property Size22,004 SF
Price / SF$0.00
Days on Market31
Property Features for 20 Lawrence Bell Drive
General Information
Standard status
Size
Class
Total Parking Spaces
Additional Details
Road Access
Property Use
Amenities
kitchenette
conference rooms
private offices
Building Details
Buildings
Stories
Construction
Listing Agency:
HUNT Commercial Real Estate Corp. of Buffalo New York
(716) 854-5943
Listed By:
RonaldGunner Tronolone · License #30TR0558114
(716) 913-7107
Source:
Nicholcityrealty
Added: Oct 9
Changed: Nov 7
Last Checked: Nov 7 at 4:22PM
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 HUNT Commercial Real Estate Corp. of Buffalo New York
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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 single-story brick office property totals 22,004 square feet, with 7,000 square feet available. The layout includes a broad open work area, perimeter offices, conference rooms, some private offices, and a kitchenette. On-site parking accommodates 122 cars, and gross lease terms are offered.
The property is 2 miles from Buffalo Niagara International Airport. Youngs Road carries 12,500 AADT, and the site is at the corner of Youngs Road and Lawrence Bell Drive.
The property is 2 miles from Buffalo Niagara International Airport. Youngs Road carries 12,500 AADT, and the site is at the corner of Youngs Road and Lawrence Bell Drive.
Key Highlights
- 7,000 square feet available in a 22,004‑square‑foot office building
- Single‑story brick construction with open workspace and perimeter offices
- Conference rooms, some private offices, and a kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$311,412
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,228,240
$6.2M
Cap Rate 7%
$4,448,743
$4.4M
Cap Rate 9%
$3,460,133
$3.5M
Market Conditions
NOI Build-Up for 22,004 SF
Gross rent
$488.5K $22.20/SF
− Vacancy
−$73.3K −$3.33/SF
EGI
$415.2K $18.87/SF
− OpEx
−$103.8K −$4.72/SF
NOI
$311.4K $14.15/SF
Area
Amherst, NY
Vacancy
15.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,228,240
Cap Rate 7%
$4,448,743
Cap Rate 9%
$3,460,133
Alternative Uses
Best Use
Office B
$4.45M
$3.89M – $5.19M
NOI $311,412 @ 7.0% cap · market cap 1,730,066.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.67M
$4.96M – $6.62M
NOI $396,951 @ 7.0% cap · market cap 2,205,283.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
675
Businesses Nearby
Explore this area
Business Placement
Demographics for 14221, NY
55,275
Population
25,281
Households
2.2
Avg Household Size
48
Median Age
57%
College-Educated
96%
High-School Grad
23.4 sq mi
ZIP Area
2,362
Density / Sq Mi
$101,275
Median Household Income
$58,665
Median Earnings
$1,560
Median Rent
$298,500
Median Home Value
Market
Average Price Trend$/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 - Flexible interior areas combine open workspace with perimeter offices, meeting rooms, and a kitchenette.
Where is this office unit located?
The property is located at 20 Lawrence Bell Drive Amherst, NY.
What are key features of this property?
This property features: 7,000 square feet available in a 22,004‑square‑foot office building; Single‑story brick construction with open workspace and perimeter offices; Conference rooms, some private offices, and a kitchenette
