Medical Office with Dental
For Sale
$482,500
554 East Robinson Street, North Tonawanda, NY 14120
3,860 sq ft medical office with dental buildout for sale.
Property Size3,860 SF
Lot Size0.46 Acres
Price / SF$125
Days on Market198
Property Features for 554 East Robinson Street
General Information
Standard status
Active
Size
3,860 SF
Lot size
0.46 Acres
Property subtype
Healthcare
Listing Agency:
CBRE | Buffalo
Listed By:
Lida Eberz · License #Real Estate Salesperson
(716) 912-2285
Source:
Cbre
Added: Mar 27
Changed: Oct 2
Last Checked: Oct 9 at 7:02PM
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 CBRE | Buffalo
Investment Insights
Based on property information with market context.
The property is a 3,860 sq. ft. medical office with a dental buildout. It is located near the intersection of E. Robinson Street and Twin Cities Memorial Highway. The office features a large reception area, 8 dental operatories, a dental lab and prep area, a kitchenette, a changing room, and a private employee restroom. The property is situated on a 0.46-acre parcel with approximately 113 feet of frontage along E. Robinson Street, which has an average annual daily traffic count of 5,409 (NYSDOT). There are 8 dental operatories equipped with flatscreen televisions. Parking is available for approximately 15 cars. The property includes monument signage. It is located approximately 2 miles from Rt. 62/Niagara Falls Boulevard and 2.5 miles from I-290.
Key Highlights
- ±3,860 sq. ft. medical office with a dental buildout including 8 dental operatories.
- Located on E. Robinson Street with ±113’ frontage and monument signage.
- 0.46‑acre parcel with parking for ±15 cars.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,116
Cap Rate
6.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$622,320
$622.3K
Cap Rate 7%
$444,514
$444.5K
Cap Rate 9%
$345,733
$345.7K
Market Conditions
NOI Build-Up for 3,860 SF
Gross rent
$55.6K $14.40/SF
− Vacancy
−$3.7K −$0.96/SF
EGI
$51.9K $13.44/SF
− OpEx
−$20.7K −$5.37/SF
NOI
$31.1K $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%
$622,320
Cap Rate 7%
$444,514
Cap Rate 9%
$345,733
Alternative Uses
Best Use
Office B
$779.9K
$682.4K – $909.8K
NOI $54,590 @ 7.0% cap · market cap 11.31%
Second Best
Healthcare Medical
$444.5K
$389.0K – $518.6K
NOI $31,116 @ 7.0% cap · market cap 6.45%
Theoretical Best
Warehouse
$3.28M
$2.87M – $3.83M
NOI $229,588 @ 7.0% cap · market cap 47.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
457
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14120, NY
44,538
Population
20,367
Households
2.2
Avg Household Size
45
Median Age
30%
College-Educated
94%
High-School Grad
32.6 sq mi
ZIP Area
1,366
Density / Sq Mi
$76,608
Median Household Income
$47,014
Median Earnings
$932
Median Rent
$205,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Similar Off Market Nearby
- Pine Woods Animal Hospital — 570 E Robinson St, North Tonawanda, NY 14120
Frequently Asked Questions
What type of property is this?
Medical Office Space - 3,860 sq ft medical office with dental buildout for sale.
Where is this medical office space located?
The property is located at 554 East Robinson Street North Tonawanda, NY.
What is the asking price?
The asking price for this property is $482,500.
What are key features of this property?
This property features: ±3,860 sq. ft. medical office with a dental buildout including **8 dental operatories**.; Located on E. Robinson Street with ±113’ frontage and monument signage.; 0.46‑acre parcel with parking for ±15 cars.
