Office Suite with
651 Oakwood Avenue, Aurora, NY 14052
For Sale
Contact for pricing
An open-plan interior includes two restrooms, a compact kitchen, and separate attic storage.
Property Size2,909 SF
Price / SF$1.10
Days on Market60
Property Features for 651 Oakwood Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Condition
Amenities
open floor plan
laminate flooring
two bathrooms
small kitchen
attic storage
garbage removal
snow plowing
Building Details
Year Built
Listing Agency:
Howard Hanna WNY Inc.
(716) 714-9615
Listed By:
Chelsea Root · License #10401328181
(716) 544-0244
Source:
Prestigefamilyrealty
Added: Sep 10
Changed: Nov 7
Last Checked: Nov 7 at 3:02PM
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 Howard Hanna WNY Inc.
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.
The 2,909-square-foot office suite at 651 Oakwood Avenue has been renovated and includes an open layout with laminate flooring. Two bathrooms and a small kitchen serve the main space, with additional storage in the attic.
The property was built in 1966 and includes 6 dedicated parking spaces. The address is in East Aurora, New York.
The property was built in 1966 and includes 6 dedicated parking spaces. The address is in East Aurora, New York.
Key Highlights
- 2,909 square feet of renovated office space
- Open layout with laminate flooring
- Two bathrooms, a small kitchen, and attic storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,452
Suggested Prices Based on Cap Rates
Cap Rate 5%
$729,040
$729.0K
Cap Rate 7%
$520,743
$520.7K
Cap Rate 9%
$405,022
$405.0K
Market Conditions
NOI Build-Up for 2,909 SF
Gross rent
$59.3K $20.40/SF
− Vacancy
−$10.7K −$3.69/SF
EGI
$48.6K $16.71/SF
− OpEx
−$12.2K −$4.18/SF
NOI
$36.5K $12.53/SF
Area
Erie County, NY
Vacancy
18.10%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$729,040
Cap Rate 7%
$520,743
Cap Rate 9%
$405,022
Alternative Uses
Best Use
Office B
$520.7K
$455.7K – $607.5K
NOI $36,452 @ 7.0% cap · market cap 1,139.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$635.9K
$556.4K – $741.9K
NOI $44,515 @ 7.0% cap · market cap 1,391.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
729
Businesses Nearby
Explore this area
Business Placement
Demographics for 14052, NY
17,679
Population
7,603
Households
2.3
Avg Household Size
47
Median Age
47%
College-Educated
96%
High-School Grad
61.2 sq mi
ZIP Area
289
Density / Sq Mi
$103,474
Median Household Income
$57,093
Median Earnings
$992
Median Rent
$312,000
Median Home Value
Market
Average Price Trend$/SF for Office Units in Erie County, NY
Properties on Market for Office Units in Erie County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - An open-plan interior includes two restrooms, a compact kitchen, and separate attic storage.
Where is this office unit located?
The property is located at 651 Oakwood Avenue Aurora, NY.
What are key features of this property?
This property features: 2,909 square feet of renovated office space; Open layout with laminate flooring; Two bathrooms, a small kitchen, and attic storage
