Flex Space with Drive-In
For Sale
Contact for pricing
5000 Saunders Settlement Unit 2, Niagara Falls, NY 14305
Flexible commercial unit with private offices, open work area, mezzanine, and loading access.
Property Size3,000 SF
Price / SF$0.70
Days on Market52
Property Features for 5000 Saunders Settlement Unit 2
General Information
Standard status
Active
Size
3,000 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Drive-In Doors
1
Three-Phase Power
Yes
Listing Agency:
Howard Hanna WNY Inc.
(716) 754-8995
Listed By:
Donald Zhang · License #10401355341
(716) 282-8899
Source:
Nicholcityrealty
Added: Sep 7
Changed: Oct 25
Last Checked: Oct 26 at 3:51PM
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 Howard Hanna WNY 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.
This 3,000-square-foot middle flex unit combines office and operational space in a practical commercial layout. The interior includes a reception area, multiple private offices, a restroom, utility room, and an open area supported by a 14-foot overhead drive-in door. Additional features include high ceilings, a mezzanine, three-phase electrical service, radiant heat, air conditioning, and on-site parking.
Situated at 5000 Saunders Settlement Unit 2 in Niagara, NY, the property fronts Saunders Settlement Road and is located minutes from the New York State Thruway. The unit was previously used as office space and is described as suitable for a variety of approved business uses.
Situated at 5000 Saunders Settlement Unit 2 in Niagara, NY, the property fronts Saunders Settlement Road and is located minutes from the New York State Thruway. The unit was previously used as office space and is described as suitable for a variety of approved business uses.
Key Highlights
- 3,000‑square‑foot middle unit at 5000 Saunders Settlement Unit 2
- 14‑foot overhead drive‑in door supports loading and unloading
- Reception area, multiple private offices, restroom, utility room, and open area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,199
Suggested Prices Based on Cap Rates
Cap Rate 5%
$523,980
$524.0K
Cap Rate 7%
$374,271
$374.3K
Cap Rate 9%
$291,100
$291.1K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$43.2K $14.40/SF
− Vacancy
−$2.9K −$0.96/SF
EGI
$40.3K $13.44/SF
− OpEx
−$14.1K −$4.70/SF
NOI
$26.2K $8.73/SF
Area
Niagara County, NY
Vacancy
6.70%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$523,980
Cap Rate 7%
$374,271
Cap Rate 9%
$291,100
Alternative Uses
Best Use
Industrial
$2.10M
$1.84M – $2.45M
NOI $146,948 @ 7.0% cap · market cap 6,997.52%
Second Best
Office B
$606.1K
$530.4K – $707.1K
NOI $42,428 @ 7.0% cap · market cap 2,020.38%
Theoretical Best
Warehouse
$2.55M
$2.23M – $2.97M
NOI $178,436 @ 7.0% cap · market cap 8,496.95%
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
1
Drive-in doors
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
172
Businesses Nearby
Under-served
Demand for This Use
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
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Flexible commercial unit with private offices, open work area, mezzanine, and loading access.
Where is this flex space located?
The property is located at 5000 Saunders Settlement Unit 2 Niagara Falls, NY.
What are key features of this property?
This property features: 3,000‑square‑foot middle unit at 5000 Saunders Settlement Unit 2; 14‑foot overhead drive‑in door supports loading and unloading; Reception area, multiple private offices, restroom, utility room, and open area
