Open-Layout Flex
For Sale
Contact for pricing
400 E Terrace Avenue, Lakewood, NY 14750
Warehouse-style commercial space includes a full bathroom, half bath, kitchenette, high ceilings, and on-site parking.
Property Size4,424 SF
Price / SF$0.38
Days on Market93
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Property Features for 400 E Terrace Avenue
General Information
Standard status
Active
Size
4,424 SF
Property subtype
CommercialLease
Listing Agency:
EXP-Premier Listings Team
(888) 276-0630
Listed By:
Laura Ferraro
(716) 338-8622
Source:
Nicholcityrealty
Added: Jul 15
Changed: Oct 8
Last Checked: Oct 14 at 11:05PM
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 EXP-Premier Listings Team
Investment Insights
Based on property information with market context.
This flex space features a wide-open, warehouse-style interior with high ceilings and an adaptable layout. The improvements include a full bathroom with shower, an additional half bath, and a kitchenette for staff or customer use. The open configuration can accommodate retail, studio, office, wellness, creative, or other light commercial applications described for the property.
On-site parking supports convenient access for employees and visitors. The space is described as ready for immediate occupancy and positioned in a high-visibility commercial area within the Village of Lakewood.
On-site parking supports convenient access for employees and visitors. The space is described as ready for immediate occupancy and positioned in a high-visibility commercial area within the Village of Lakewood.
Key Highlights
- Wide‑open warehouse‑style layout with high ceilings
- Full bathroom with shower plus an additional half bath
- Kitchenette included within the commercial space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,361
Suggested Prices Based on Cap Rates
Cap Rate 5%
$547,220
$547.2K
Cap Rate 7%
$390,871
$390.9K
Cap Rate 9%
$304,011
$304.0K
Market Conditions
NOI Build-Up for 4,424 SF
Gross rent
$41.9K $9.48/SF
− Vacancy
−$2.9K −$0.64/SF
EGI
$39.1K $8.84/SF
− OpEx
−$11.7K −$2.65/SF
NOI
$27.4K $6.18/SF
Area
Chautauqua County, NY
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$547,220
Cap Rate 7%
$390,871
Cap Rate 9%
$304,011
Alternative Uses
Best Use
Retail
$775.6K
$678.7K – $904.9K
NOI $54,293 @ 7.0% cap · market cap 3,193.71%
Second Best
Flex RnD
$550.1K
$481.4K – $641.8K
NOI $38,510 @ 7.0% cap · market cap 2,265.29%
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,692 @ 7.0% cap · market cap 5,452.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
363
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 14750, NY
4,673
Population
2,352
Households
2
Avg Household Size
49
Median Age
35%
College-Educated
95%
High-School Grad
11.3 sq mi
ZIP Area
414
Density / Sq Mi
$67,083
Median Household Income
$44,653
Median Earnings
$1,145
Median Rent
$158,400
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 Industrial in Northeast region
Similar Off Market Nearby
- Wegmans Catering — 945 Fairmount Ave, Jamestown, NY 14701
Frequently Asked Questions
What type of property is this?
Flex space - Warehouse-style commercial space includes a full bathroom, half bath, kitchenette, high ceilings, and on-site parking.
Where is this flex space located?
The property is located at 400 E Terrace Avenue Lakewood, NY.
What are key features of this property?
This property features: Wide‑open warehouse‑style layout with high ceilings; Full bathroom with shower plus an additional half bath; Kitchenette included within the commercial space
