6934 Elaine Dr, Niagara Falls, NY 14304
Built in 2007 and currently leased by a women's health practice, with a new 5-year lease at closing.
- Added:
- Jun 17, 2026
- Days on Market:
- 7
- Last Refresh:
- Jun 20 at 7:50 am
Property Features for 6934 Elaine Dr
General Information
- Standard status
- Active
- Size
- 5,220 SF
- Property subtype
- Office
Building Details
- Year Built
- 2007
Listing agent Leah Curione (716) 946-5438
Listing office Hunt Commercial - Buffalo (716) 946-5438
Listing date Jun 17, 2026
Source Huntcommercial
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 Hunt Commercial - Buffalo
HighLights
- 5,220± SF medical office building built in 2007
- Currently leased to a women's health medical practice
- New 5‑year lease to be signed at closing, plus two 2‑year renewal options
- Reported over 9% capitalization rate
- Well‑maintained professional medical facility
- Back‑up generator
Overview
Located at 6934 Elaine Dr in Niagara Falls, NY, the building is positioned as a dedicated medical facility within Western New York’s healthcare market. The asset also notes a recent lowered tax assessment.
For buyers seeking an investment-grade medical office asset, the current occupancy, the planned execution of a new 5-year lease at closing, and the availability of two negotiated 2-year renewal options provide a clear leasing framework. The seller also highlights an “over 9%” capitalization rate in the offering materials. With the stated focus on tenant commitment and a maintained facility, this property may fit buyers looking for a single-tenant medical office building backed by a defined lease renewal path and operational continuity support through its backup generator.
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 | $112.8k | $21.60 |
| − Vacancy | −$14.3k | −$2.74 |
| EGI | $98.4k | $18.86 |
| − OpEx | −$24.6k | −$4.71 |
| NOI | $73.8k | $14.14 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Dr. Mike's Furry Friends Small Animal Hospital — 2115 Sawyer Dr, Niagara Falls, NY 14304
Location Insight
- Map
- Local Demand
- City
- Niagara Falls
- County
- Niagara
- State
- New York
- Longitude
- -78.9485
- Latitude
- 43.1007
