Office/Commercial Space in Tops
5833 S Transit Rd Lockport, NY 14094
5833 S Transit Rd, Lockport, NY, 14094
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For Sale
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1,050 SF office/commercial space in prime location for sale.
Property Size1,050 SF
Price / SF$237.14
Days on Market72
Property Features for 5833 S Transit Rd
General Information
- Standard status
- Active
- Size
- 1,050 SF
- Property subtype
- Office
Building Details
- Year Built
- 1995
Listing Agency
Hanna Commercial Real Estate Buffalo
Listed by
William Heussler · License #NY 10301210026
Source
Crexi
Added: May 11 Updated: Jul 10 at 1:39 pm Checked: Jul 20 at 4:47 am
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 Hanna Commercial Real Estate Buffalo
Investment Insights
Based on property information with market context.
This 1,050 square foot office/commercial space is available for sale. It is located inside of Tops Plaza, which brings in thousands of people daily. The property includes eight private parking spots. Additionally, there is a fully functional 1,008 square foot basement. The zoning is General Business B-2.
Key Highlights
- Prime location inside Tops Plaza with high daily traffic
- Enjoy the convenience of 8 private parking spots
- 1,050 SF of Office/Commercial Space
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.7k | $21.60 |
| − Vacancy | −$2.9k | −$2.74 |
| EGI | $19.8k | $18.86 |
| − OpEx | −$4.9k | −$4.71 |
| NOI | $14.8k | $14.14 |
1,050 SF · lease $21.60/SF/yr · vacancy 12.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$212.1K
$185.6K – $247.5K
NOI $14,850 @ 7.0% cap · market cap 5.96%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$892.2K
$780.7K – $1.04M
NOI $62,453 @ 7.0% cap · market cap 25.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Nationwide Insurance: Robert ...
Insurance Agency
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FAQs
What type of property is this?
Office units - 1,050 SF office/commercial space in prime location for sale.
Where is this office units located?
The property is located at 5833 S Transit Rd Lockport, NY.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Prime location inside Tops Plaza with high daily traffic; Enjoy the convenience of 8 private parking spots; 1,050 SF of Office/Commercial Space
