Remodeled Office
For Sale
Contact for pricing
8962 Porter Road, Niagara Falls, NY 14304
A flexible floor plan can be configured as one office or divided into two spaces.
Property Size3,000 SF
Price / SF$1.07
Days on Market23
Property Features for 8962 Porter Road
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Office
Additional Details
Condition
Newly Renovated
Property Use
Office
Amenities
kitchenette area
ADA compliant
Building Details
Year Built
1985
Listing Agency:
HUNT Commercial Real Estate Corp. of Buffalo New York
(716) 854-5943
Listed By:
Christina Pecoraro · License #10401335573
(716) 531-6880
Source:
Prestigefamilyrealty
Added: Oct 15
Changed: Nov 5
Last Checked: Nov 5 at 9:20AM
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 Real Estate Corp. of Buffalo New York
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Investment Insights
Based on property information with market context.
This 3,000-square-foot office unit was remodeled and includes two large offices, two restrooms, a kitchenette, and a rear exit. The layout can also be separated into two spaces. ADA compliance is noted, and the property was built in 1985.
The unit is located in a maintained office plaza at 8962 Porter Road in Niagara, New York. The parking lot has been newly paved.
The unit is located in a maintained office plaza at 8962 Porter Road in Niagara, New York. The parking lot has been newly paved.
Key Highlights
- 3,000‑square‑foot office unit
- Layout can be divided into two spaces
- Two large offices and two restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,428
Suggested Prices Based on Cap Rates
Cap Rate 5%
$848,560
$848.6K
Cap Rate 7%
$606,114
$606.1K
Cap Rate 9%
$471,422
$471.4K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$64.8K $21.60/SF
− Vacancy
−$8.2K −$2.74/SF
EGI
$56.6K $18.86/SF
− OpEx
−$14.1K −$4.71/SF
NOI
$42.4K $14.14/SF
Area
Niagara County, NY
Vacancy
12.70%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$848,560
Cap Rate 7%
$606,114
Cap Rate 9%
$471,422
Alternative Uses
Best Use
Office B
$606.1K
$530.4K – $707.1K
NOI $42,428 @ 7.0% cap · market cap 1,325.88%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.55M
$2.23M – $2.97M
NOI $178,436 @ 7.0% cap · market cap 5,576.13%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
191
Businesses Nearby
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Business Placement
Demographics for 14304, NY
28,923
Population
13,705
Households
2.1
Avg Household Size
45
Median Age
25%
College-Educated
92%
High-School Grad
21.5 sq mi
ZIP Area
1,345
Density / Sq Mi
$64,756
Median Household Income
$42,613
Median Earnings
$901
Median Rent
$151,500
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - A flexible floor plan can be configured as one office or divided into two spaces.
Where is this office unit located?
The property is located at 8962 Porter Road Niagara Falls, NY.
What are key features of this property?
This property features: 3,000‑square‑foot office unit; Layout can be divided into two spaces; Two large offices and two restrooms
