Medical Office Near Retail
5862 Snyder Drive Lockport, NY 14094
For Sale
$1,100,000
Spacious medical office with dental buildout near Lockport.
Property Size8,597 SF
Price / SF$127.95
Days on Market123
Property Features for 5862 Snyder Drive
General Information
- Standard status
- Active
- Size
- 8,597 SF
- Property subtype
- Healthcare
Listing Agency:
CBRE | Buffalo
(716) 855-3700
Listed By:
Lida Eberz · License #Real Estate Salesperson
Source:
Cbre
Added: Mar 25
Changed: Jul 6
Last Checked: Jul 25 at 3:19AM
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.
This is an 8,597 sq. ft. medical office with a dental buildout located near Lockport’s South Transit retail corridor. The office features a porte cochère at the patient entrance leading to a large reception area equipped with fireplaces, saltwater aquariums, and a children’s play room. The building includes multiple employee entrances secured with key fob access, a large administrative area with four check-in/out windows, 14 dental operatories, and five private offices. It also contains a centrally located dental lab and prep area, kitchenette, changing/laundry room, and private employee restrooms. A second floor/mezzanine space provides additional storage and access to mechanicals. The property is approximately 2.5 miles from downtown Lockport and 7 miles from I-990. Parking is available for approximately 135 cars, and the property includes monument signage.
Key Highlights
- Spacious 8,597 sq. ft. medical office with a dental buildout.
- Features 14 dental operatories and 5 private offices.
- Prime location near Lockport’s South Transit retail corridor.
Financial Insights For Healthcare Medical
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 | $123.8k | $14.40 |
| − Vacancy | −$8.3k | −$0.96 |
| EGI | $115.5k | $13.44 |
| − OpEx | −$46.2k | −$5.37 |
| NOI | $69.3k | $8.06 |
8,597 SF · lease $14.40/SF/yr · vacancy 6.70% · expense 40.00%
Alternative Uses
Best Use
Office B
$1.74M
$1.52M – $2.03M
NOI $121,584 @ 7.0% cap · market cap 11.05%
Second Best
Healthcare Medical
$990.0K
$866.3K – $1.16M
NOI $69,301 @ 7.0% cap · market cap 6.30%
Theoretical Best
Warehouse
$7.30M
$6.39M – $8.52M
NOI $511,339 @ 7.0% cap · market cap 46.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Hess Michael D ...
Dental Office
Todd R Levine, ...
Dental Office
Hrab Kevin S ...
Dental Office
Dr. David Keller
Dental Office
Micoli Elizabeth A DDS
Dental Office
FAQs
What type of property is this?
Medical Office Space - Spacious medical office with dental buildout near Lockport.
Where is this medical office space located?
The property is located at 5862 Snyder Drive Lockport, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Spacious 8,597 sq. ft. medical office with a dental buildout.; Features **14 dental operatories and 5 private offices.**; Prime location near Lockport’s South Transit retail corridor.
