Updated Office Unit with Private
For Sale
Contact for pricing
2901-1 Bowen Road, Elma, NY 14059
A multi-office suite combines reception, meeting, and support areas with separate access points.
Property Size1,780 SF
Price / SF$1.01
Days on Market97
Property Features for 2901-1 Bowen Road
General Information
Standard status
Active
Size
1,780 SF
Building Details
Tenancy
Multi
Listing Agency:
Keller Williams Realty Lancaster
(716) 324-2300
Listed By:
Steven Simme · License #10301217723
(716) 863-1675
Source:
Nicholcityrealty
Added: Jul 13
Changed: Oct 11
Last Checked: Oct 16 at 8:47AM
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 Keller Williams Realty Lancaster
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Investment Insights
Based on property information with market context.
Located at 2901-1 Bowen Road in Elma, this 1,780 SF office unit provides a practical multi-room layout. The space includes three private offices, a workstation, conference room, reception area, private bathroom, and kitchenette. Separate front and rear entrances support flexible access for occupants and visitors.
The suite has updated mechanical systems and refreshed interior finishes. It is part of a building with four office suites currently listed under separate MLS listings, providing a defined office configuration within the property.
The suite has updated mechanical systems and refreshed interior finishes. It is part of a building with four office suites currently listed under separate MLS listings, providing a defined office configuration within the property.
Key Highlights
- 1,780 SF office unit at 2901‑1 Bowen Road, Elma, NY 14059
- Three individual offices plus a workstation
- Conference room and main reception area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,305
Suggested Prices Based on Cap Rates
Cap Rate 5%
$446,100
$446.1K
Cap Rate 7%
$318,643
$318.6K
Cap Rate 9%
$247,833
$247.8K
Market Conditions
NOI Build-Up for 1,780 SF
Gross rent
$36.3K $20.40/SF
− Vacancy
−$6.6K −$3.69/SF
EGI
$29.7K $16.71/SF
− OpEx
−$7.4K −$4.18/SF
NOI
$22.3K $12.53/SF
Area
Erie County, NY
Vacancy
18.10%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$446,100
Cap Rate 7%
$318,643
Cap Rate 9%
$247,833
Alternative Uses
Best Use
Office B
$318.6K
$278.8K – $371.8K
NOI $22,305 @ 7.0% cap · market cap 1,239.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$389.1K
$340.5K – $454.0K
NOI $27,238 @ 7.0% cap · market cap 1,513.22%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
Explore this area
Business Placement
Demographics for 14059, NY
9,280
Population
3,803
Households
2.4
Avg Household Size
51
Median Age
42%
College-Educated
97%
High-School Grad
26.9 sq mi
ZIP Area
345
Density / Sq Mi
$101,698
Median Household Income
$60,569
Median Earnings
$1,316
Median Rent
$323,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - A multi-office suite combines reception, meeting, and support areas with separate access points.
Where is this office units located?
The property is located at 2901-1 Bowen Road Elma, NY.
What are key features of this property?
This property features: 1,780 SF office unit at 2901‑1 Bowen Road, Elma, NY 14059; Three individual offices plus a workstation; Conference room and main reception area
