Office
5838 Main Street, Williamsville, NY 14221
For Sale
Contact for pricing
The property’s parking supply supports its stated office and retail use potential.
Property Size5,118 SF
Lot Size0.29 Acres
Price / SF$175.65
Days on Market20
Property Features for 5838 Main Street
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Additional Details
Asking Price
Property Use
Building Details
Buildings
Building Size
Listing Agency:
Hanna Commercial Real Estate Buffalo
Listed By:
William Heussler · License #NY 10301210026
(716) 818-3186
Source:
Crexi
Added: Oct 21
Changed: Nov 8
Last Checked: Nov 8 at 5:55PM
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
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.
At 5,118 square feet, this office property occupies a 0.29-acre parcel and is presented as suitable for office or retail use. The site includes 21 parking spaces.
The property is located at 5838 Main Street in Williamsville, New York.
The property is located at 5838 Main Street in Williamsville, New York.
Key Highlights
- 5,118‑square‑foot office property
- 0.29‑acre parcel
- 21 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,819
Cap Rate
7.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,276,380
$1.3M
Cap Rate 7%
$911,700
$911.7K
Cap Rate 9%
$709,100
$709.1K
Market Conditions
NOI Build-Up for 5,118 SF
Gross rent
$104.4K $20.40/SF
− Vacancy
−$19.3K −$3.77/SF
EGI
$85.1K $16.63/SF
− OpEx
−$21.3K −$4.16/SF
NOI
$63.8K $12.47/SF
Area
Buffalo, NY
Vacancy
18.50%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,276,380
Cap Rate 7%
$911,700
Cap Rate 9%
$709,100
Alternative Uses
Best Use
Office B
$911.7K
$797.7K – $1.06M
NOI $63,819 @ 7.0% cap · market cap 7.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,154 @ 7.0% cap · market cap 9.58%
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
Location Intelligence
Trade Area within ½ mile
1,141
Businesses Nearby
Explore this area
Business Placement
Demographics for 14221, NY
55,275
Population
25,281
Households
2.2
Avg Household Size
48
Median Age
57%
College-Educated
96%
High-School Grad
23.4 sq mi
ZIP Area
2,362
Density / Sq Mi
$101,275
Median Household Income
$58,665
Median Earnings
$1,560
Median Rent
$298,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office buildings in Erie County, NY
Properties on Market for Office buildings in Erie County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - The property’s parking supply supports its stated office and retail use potential.
Where is this office building located?
The property is located at 5838 Main Street Williamsville, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 5,118‑square‑foot office property; 0.29‑acre parcel; 21 parking spaces
