Two-Suite Medical Office
For Sale
$599,000
721 Union Rd, West Seneca, NY 14224
Upper- and lower-level suites support immediate occupancy for office or medical users.
Property Size4,400 SF
Days on Market55
Property Features for 721 Union Rd
General Information
Standard status
Active
Size
4,400 SF
Class
C
Property subtype
Office
Building Details
Building Size
4,400 SF
Year Built
1972
Listing Agency:
Hunt Commercial - Buffalo
Listed By:
Kaitlin Lafferty · License #10401389958
(716) 319-7833
Source:
Huntcommercial
Added: Aug 23
Changed: Oct 11
Last Checked: Oct 16 at 7:15AM
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
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Investment Insights
Based on property information with market context.
This medical office property includes two distinct suites arranged across the upper and lower levels. The upper floor contains a former 2,200-square-foot dental office, while the lower level offers a 1,600-square-foot office or medical suite. Both spaces are available for immediate occupancy.
Built in 1972, the property occupies the corner of Union Road and East & West Road in West Seneca. Route 400 is only minutes away, providing regional roadway access for office and healthcare operations.
Built in 1972, the property occupies the corner of Union Road and East & West Road in West Seneca. Route 400 is only minutes away, providing regional roadway access for office and healthcare operations.
Key Highlights
- Two separate office and medical suites available for immediate occupancy
- Former 2,200‑square‑foot dental office on the upper floor
- 1,600‑square‑foot office or medical suite on the lower floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,866
Cap Rate
9.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,097,320
$1.1M
Cap Rate 7%
$783,800
$783.8K
Cap Rate 9%
$609,622
$609.6K
Market Conditions
NOI Build-Up for 4,400 SF
Gross rent
$89.8K $20.40/SF
− Vacancy
−$16.6K −$3.77/SF
EGI
$73.2K $16.63/SF
− OpEx
−$18.3K −$4.16/SF
NOI
$54.9K $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%
$1,097,320
Cap Rate 7%
$783,800
Cap Rate 9%
$609,622
Alternative Uses
Best Use
Office B
$783.8K
$685.8K – $914.4K
NOI $54,866 @ 7.0% cap · market cap 9.16%
Second Best
Healthcare Medical
$749.5K
$655.8K – $874.4K
NOI $52,462 @ 7.0% cap · market cap 8.76%
Theoretical Best
Office A
$1.06M
$925.9K – $1.23M
NOI $74,068 @ 7.0% cap · market cap 12.37%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
149
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14224, NY
40,736
Population
19,286
Households
2.1
Avg Household Size
46
Median Age
33%
College-Educated
95%
High-School Grad
20.2 sq mi
ZIP Area
2,017
Density / Sq Mi
$76,250
Median Household Income
$49,824
Median Earnings
$1,077
Median Rent
$219,800
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?
Medical Office Space - Upper- and lower-level suites support immediate occupancy for office or medical users.
Where is this medical office space located?
The property is located at 721 Union Rd West Seneca, NY.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two separate office and medical suites available for immediate occupancy; Former 2,200‑square‑foot dental office on the upper floor; 1,600‑square‑foot office or medical suite on the lower floor
