Masonry Office
2121 SAWYER DR Niagara Falls, NY 14304
For Sale
$284,900
Fully masonry office building with reception area, multiple offices, conference room, and on-site parking in front and back.
Property Size1,538 SF
Price / SF$185.24
Days on Market99
Property Features for 2121 SAWYER DR
General Information
- Standard status
- Active
- Size
- 1,538 SF
- Property subtype
- Office
Building Details
- Year Built
- 1998
Listing Agency:
Hooper Realty
(716) 285-0477
Listed By:
Michael Hooper · License #37HO0444450
(716) 285-0477
Source:
Xome
Added: Apr 17
Changed: Jul 22
Last Checked: Jul 24 at 5:52AM
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 Hooper Realty
Investment Insights
Based on property information with market context.
This fully masonry office building includes an open reception area, a conference room, five individual offices, and an open kitchen area. The property also features handicap accessibility and includes both front and back entrance areas. A new roof is noted, and office equipment and furnishings are described as negotiable.
The building is presented as highly visible with signage located in front of the building and described as easily visible from the road. Parking is available both in front of and behind the building.
The layout supports professional office use, with public remarks citing potential for law office, real estate, insurance, financial services, and construction company applications, subject to approval of the appropriate use.
The building is presented as highly visible with signage located in front of the building and described as easily visible from the road. Parking is available both in front of and behind the building.
The layout supports professional office use, with public remarks citing potential for law office, real estate, insurance, financial services, and construction company applications, subject to approval of the appropriate use.
Key Highlights
- Fully masonry office building built in 1998 with asphalt roof and central air/gas HVAC
- Layout includes open reception area, 5 individual offices, and a conference room
- Includes an open kitchen area plus front and back entrance areas
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.2k | $21.60 |
| − Vacancy | −$4.2k | −$2.74 |
| EGI | $29.0k | $18.86 |
| − OpEx | −$7.3k | −$4.71 |
| NOI | $21.8k | $14.14 |
1,538 SF · lease $21.60/SF/yr · vacancy 12.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$310.7K
$271.9K – $362.5K
NOI $21,751 @ 7.0% cap · market cap 7.63%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.31M
$1.14M – $1.52M
NOI $91,478 @ 7.0% cap · market cap 32.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Sun American Securities
Financial Advisor
AIG Financial Advisors
Financial Advisor
FAQs
What type of property is this?
Office building - Fully masonry office building with reception area, multiple offices, conference room, and on-site parking in front and back.
Where is this office building located?
The property is located at 2121 SAWYER DR Niagara Falls, NY.
What is the asking price?
The asking price for this property is $284,900.
What are key features of this property?
This property features: Fully masonry office building built in 1998 with asphalt roof and central air/gas HVAC; Layout includes open reception area, 5 individual offices, and a conference room; Includes an open kitchen area plus front and back entrance areas
