Updated Office
For Sale
Contact for pricing
2901-4 Bowen Road, Elma, NY 14059
Two offices, reception space, loft area, kitchenette, and private bathroom create a practical professional layout.
Property Size1,200 SF
Price / SF$1.00
Days on Market88
Property Features for 2901-4 Bowen Road
General Information
Standard status
Active
Size
1,200 SF
Listing Agency:
Keller Williams Realty Lancaster
(716) 324-2300
Listed By:
Steven Simme · License #10301217723
(716) 863-1675
Source:
Nicholcityrealty
Added: Jul 22
Changed: Oct 11
Last Checked: Oct 16 at 8:44AM
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.
This office unit offers 1,200 square feet arranged with two private offices, a lofted main area, reception space, a private bathroom, and a compact kitchenette. The interior has received updates to both its mechanical systems and finishes, and the unit is described as being in exceptional condition.
Located at 2901-4 Bowen Road in Elma, New York, the property is available for sale. The configuration combines private work areas with shared administrative space and on-site convenience features within a single office suite.
Located at 2901-4 Bowen Road in Elma, New York, the property is available for sale. The configuration combines private work areas with shared administrative space and on-site convenience features within a single office suite.
Key Highlights
- 1,200‑square‑foot office unit
- Two private offices plus a lofted main area
- Reception area for visitor and administrative functions
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,037
Suggested Prices Based on Cap Rates
Cap Rate 5%
$300,740
$300.7K
Cap Rate 7%
$214,814
$214.8K
Cap Rate 9%
$167,078
$167.1K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$24.5K $20.40/SF
− Vacancy
−$4.4K −$3.69/SF
EGI
$20.0K $16.71/SF
− OpEx
−$5.0K −$4.18/SF
NOI
$15.0K $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%
$300,740
Cap Rate 7%
$214,814
Cap Rate 9%
$167,078
Alternative Uses
Best Use
Office B
$214.8K
$188.0K – $250.6K
NOI $15,037 @ 7.0% cap · market cap 1,253.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$262.3K
$229.5K – $306.1K
NOI $18,363 @ 7.0% cap · market cap 1,530.25%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - Two offices, reception space, loft area, kitchenette, and private bathroom create a practical professional layout.
Where is this office units located?
The property is located at 2901-4 Bowen Road Elma, NY.
What are key features of this property?
This property features: 1,200‑square‑foot office unit; Two private offices plus a lofted main area; Reception area for visitor and administrative functions
