Office/Commercial Space in Tops
For Sale
Contact for pricing
5833 S Transit Rd, Lockport, NY 14094
1,050 SF office/commercial space in prime location for sale.
Property Size1,050 SF
Price / SF$237.14
Days on Market164
Property Features for 5833 S Transit Rd
General Information
Standard status
Active
Size
1,050 SF
Total Parking Spaces
8
Property subtype
Office
Zoning
General Business B-2
Building Details
Year Built
1995
Buildings
1
Listing Agency:
Hanna Commercial Real Estate Buffalo
Listed By:
William Heussler · License #NY 10301210026
(716) 818-3186
Source:
Crexi
Added: May 11
Changed: Oct 7
Last Checked: Oct 20 at 5:37PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,850
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,000
$297.0K
Cap Rate 7%
$212,143
$212.1K
Cap Rate 9%
$165,000
$165.0K
Market Conditions
NOI Build-Up for 1,050 SF
Gross rent
$22.7K $21.60/SF
− Vacancy
−$2.9K −$2.74/SF
EGI
$19.8K $18.86/SF
− OpEx
−$4.9K −$4.71/SF
NOI
$14.8K $14.14/SF
Area
Niagara County, NY
Vacancy
12.70%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,000
Cap Rate 7%
$212,143
Cap Rate 9%
$165,000
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
428
Businesses Nearby
Explore this area
Business Placement
Demographics for 14094, NY
50,969
Population
23,283
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
92%
High-School Grad
121.7 sq mi
ZIP Area
419
Density / Sq Mi
$73,354
Median Household Income
$45,056
Median Earnings
$869
Median Rent
$186,100
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 Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - 1,050 SF office/commercial space in prime location for sale.
Where is this office unit 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
