Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    130 Washburn St Lockport, NY 14094
    Back to Search
    Property profile & analytics

    130 Washburn St Lockport, NY 14094

    View on Map
    • Retail properties & Spaces
    • 40,000 SF
    • 1.50 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Rite Aid / Pharmacy
    • higi / Physician
    • Western Union / Bank / Credit Union
    • Glenn Richards / Pharmacy
    • Amazon Hub Counter - Rite Aid #1537 / Postal Service / Courier Service

    Property Details for 130 Washburn St

    Lot size
    1.50 lot acres
    Property size
    40,000 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This exceptional value-add investment opportunity presents a multi-tenant commercial property located at 130 Washburn St, Lockport, NY 14094. The property, known as Rite Aid Plaza, comprises two buildings totaling 40,000 square feet on a 1.5-acre lot. The buildings are two stories and feature a mix of retail and office spaces, currently housing nine units with five tenants, including a Rite Aid. The net rentable area is 25,800 square feet, with a current occupancy rate of 75%. The property operates under a NNN lease structure, offering a strong cash flow. The current Net Operating Income (NOI) stands at $165,720, yielding an attractive 9.50% capitalization rate. The property's diverse tenant mix provides stability and potential for future growth. The current lease agreements have an occupancy date of November 20, 2024. This presents a compelling opportunity for investors seeking a strong return on investment in a well-located, multi-tenant property in Niagara County, New York. The asking price is $1,744,421. This property is ideal for investors seeking a value-add opportunity with significant upside potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lockport
    County
    Niagara
    State
    New York
    Longitude
    -78.6867
    Latitude
    43.1709

    Comparable in this City

    • Value Estimation by Request
      13,905 SF

      5 Transit St

      Individual retail properties • 13,905 SF
      5 Transit St, Lockport, NY 14094
      View Details
    • Value Estimation by Request
      2,800 SF

      3454 Ewings Rd

      Distribution properties • 2,800 SF
      3454 Ewings Rd, Lockport, NY 14094
      View Details
    • Value Estimation by Request
      11,964 SF

      76 East Ave

      Individual retail properties • 11,964 SF
      76 East Ave, Lockport, NY 14094
      View Details
    • Value Estimation by Request
      45,000 SF

      3949 Lockport Olcott Rd

      Individual retail properties • 45,000 SF
      3949 Lockport Olcott Rd, Lockport, NY 14094
      View Details
    • Value Estimation by Request

      Walgreens

      Opportunity to purchase a well established Walgreens in Lockport, NY
      5 North Transit Street, Lockport, NY 14094
      View Details
    • Value Estimation by Request
      2.80 Acres

      6408 Campbell Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2.80 Acres
      6408 Campbell Blvd, Lockport, NY 14094-9216
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Commercial Land Opportunity

      Commercial land with high visibility and versatile usage options.
      6391 Robinson Rd, Lockport, NY 14094
      View Details
    • $499,900

      Lockport Investment Opportunity

      Commercial building with storefronts and office spaces in Lockport, NY.
      150 Washburn St, Lockport, NY 14094
      View Details
    • Contact for pricing

      Corner Lot Retail Opportunity

      Stand-alone building on corner lot with parking and fenced area.
      6000 Snyder Dr, Lockport, NY 14094
      View Details
    • Contact for pricing
      21,978 SF

      Retail/Office Space For Sale

      Retail/office space built in 1970, near popular restaurants.
      64 Chestnut St, Lockport, NY 14094
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Adaptable Commercial Units For Rent

      Spacious commercial units with adaptable layout in high-visibility location.
      6503-6515 Campbell Blvd, Lockport, NY 14094
      View Details
    • $995 /Mo
      300 SF

      Modern Commercial Space in Lockport

      Sleek commercial space with vaulted ceilings, suitable for various businesses.
      45 Main St, Lockport, NY 14094
      View Details
    • Contact for pricing
      7,000 SF

      Retail Space on Transit Street

      Retail space in Lockport's growing business corridor.
      282-312 S Transit St, Lockport, NY 14094
      View Details
    • $995 /Mo

      Modern Commercial Space For Rent

      Sleek commercial space with vaulted ceilings, suitable for various businesses.
      45 Main St, Lockport, NY 14094
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    130 Washburn St
    Lockport, NY 14094
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    130 Washburn St, Lockport, NY, 14094
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!