Office Building with Private
3236 Lockport Rd, Niagara Falls, NY 14305
For Sale
New
$349,000
A central conference room, break area, and open work area complement the perimeter office layout.
Property Size3,485 SF
Days on Market2
Property Features for 3236 Lockport Rd
General Information
Standard status
Size
Property subtype
Site & Location
Public Transit
Utilities to Site
Additional Details
Furnished
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Construction
Listing Agency:
Great Lakes Real Estate Inc.
Listed By:
Bruce J Andrews · License NY 31AN0942559
(716) 628-0051
Source:
Elliman
Added: Nov 12
Last Checked: Nov 12 at 2:20PM
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 Great Lakes Real Estate Inc.
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 1976, this office property is arranged with eight enclosed offices around the exterior, a centrally located conference room, a break room, and a substantial open work area. The metal-clad building has a metal roof, two rooftop HVAC units, and a hot-water baseboard heating system. Electrical service includes 480-volt power and a 208-volt, three-phase panel. Remaining office furniture and fixtures are included in the sale if not sold separately.
Parking includes 24 spaces behind the building and five along its side, with additional parking at the front. An open area west of the building may accommodate another structure, subject to town approval.
Parking includes 24 spaces behind the building and five along its side, with additional parking at the front. An open area west of the building may accommodate another structure, subject to town approval.
Key Highlights
- Eight enclosed perimeter offices, a central conference room, break room, and open work area
- 24 rear parking spaces and five side spaces, plus additional parking in front
- Two rooftop HVAC units and hot‑water baseboard heat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,093
Cap Rate
8.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$561,860
$561.9K
Cap Rate 7%
$401,329
$401.3K
Cap Rate 9%
$312,144
$312.1K
Market Conditions
NOI Build-Up for 3,485 SF
Gross rent
$50.2K $14.40/SF
− Vacancy
−$3.4K −$0.96/SF
EGI
$46.8K $13.44/SF
− OpEx
−$18.7K −$5.37/SF
NOI
$28.1K $8.06/SF
Area
Niagara County, NY
Vacancy
6.70%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$561,860
Cap Rate 7%
$401,329
Cap Rate 9%
$312,144
Alternative Uses
Best Use
Office B
$704.1K
$616.1K – $821.5K
NOI $49,287 @ 7.0% cap · market cap 14.12%
Second Best
Healthcare Medical
$401.3K
$351.2K – $468.2K
NOI $28,093 @ 7.0% cap · market cap 8.05%
Theoretical Best
Office A
$938.8K
$821.5K – $1.10M
NOI $65,716 @ 7.0% cap · market cap 18.83%
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
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
123
Businesses Nearby
Explore this area
Business Placement
Demographics for 14305, NY
16,427
Population
8,348
Households
2
Avg Household Size
37
Median Age
25%
College-Educated
92%
High-School Grad
7.8 sq mi
ZIP Area
2,106
Density / Sq Mi
$49,588
Median Household Income
$30,314
Median Earnings
$798
Median Rent
$109,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office buildings in Niagara County, NY
Properties on Market for Office buildings in Niagara County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - A central conference room, break area, and open work area complement the perimeter office layout.
Where is this office building located?
The property is located at 3236 Lockport Rd Niagara Falls, NY.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Eight enclosed perimeter offices, a central conference room, break room, and open work area; 24 rear parking spaces and five side spaces, plus additional parking in front; Two rooftop HVAC units and hot‑water baseboard heat
