Masonry Office
For Sale
$284,900
2121 Sawyer Drive, Niagara Falls, NY 14304
An accessible layout pairs private work areas with reception, a conference room, and an open kitchen.
Property Size1,538 SF
Price / SF$185.24
Days on Market194
Property Features for 2121 Sawyer Drive
General Information
Standard status
Active
Size
1,538 SF
Total Parking Spaces
40
Property subtype
Commercial
Zoning
offices, Business
Additional Details
Property Use
Office
Taxes and HOA fees
Annual Taxes
$4,907
Amenities
reception area
conference room
kitchen
handicap accessible
signage
Building Details
Building Size
1,538 SF
Year Built
1998
Buildings
1
Stories
1
Units
1
Construction
Masonry
Listing Agency:
Hooper Realty
Listed By:
Michael J Hooper · License #37HO0444450
(716) 285-0477
Source:
Jamesorcutt
Added: Apr 21
Changed: Oct 27
Last Checked: Oct 26 at 7:47PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1998, this 1,538-square-foot masonry office building has five private offices, an open reception area, a conference room, and an open kitchen. The accessible layout also includes entrances at both the front and rear, and the roof is new.
Parking is available at the front and back of the building. A roadside sign provides property identification, and the zoning is listed as offices and Business.
Parking is available at the front and back of the building. A roadside sign provides property identification, and the zoning is listed as offices and Business.
Key Highlights
- 1,538‑square‑foot office building constructed in 1998
- Five individual offices, reception area, conference room, and open kitchen
- Masonry construction with a new roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,751
Cap Rate
7.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$435,020
$435.0K
Cap Rate 7%
$310,729
$310.7K
Cap Rate 9%
$241,678
$241.7K
Market Conditions
NOI Build-Up for 1,538 SF
Gross rent
$33.2K $21.60/SF
− Vacancy
−$4.2K −$2.74/SF
EGI
$29.0K $18.86/SF
− OpEx
−$7.3K −$4.71/SF
NOI
$21.8K $14.14/SF
Area
Niagara County, NY
Vacancy
12.70%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$435,020
Cap Rate 7%
$310,729
Cap Rate 9%
$241,678
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
415
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14304, NY
28,923
Population
13,705
Households
2.1
Avg Household Size
45
Median Age
25%
College-Educated
92%
High-School Grad
21.5 sq mi
ZIP Area
1,345
Density / Sq Mi
$64,756
Median Household Income
$42,613
Median Earnings
$901
Median Rent
$151,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office space - An accessible layout pairs private work areas with reception, a conference room, and an open kitchen.
Where is this office space located?
The property is located at 2121 Sawyer Drive 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: 1,538‑square‑foot office building constructed in 1998; Five individual offices, reception area, conference room, and open kitchen; Masonry construction with a new roof
