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    1050 Royal Pkwy Lockport, NY 14094
    Property profile & analytics

    1050 Royal Pkwy Lockport, NY 14094

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    • Commercial real estate
    • 12.40 lot acres
    Off-Market
    Property ID
    US63-0322903
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1050 Royal Pkwy

    Lot size
    12.40 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 12.4-acre lot presents a unique opportunity for residential development in Lockport, New York. Located at 1050 Royal Pkwy N, Niagara County, this privately owned property is zoned for residential use, offering the flexibility to build a single expansive home or subdivide the land into multiple parcels, potentially extending the adjacent subdivision. The asking price is $175,000. Utilities are conveniently located at the street, simplifying the construction process. The expansive acreage provides ample space for a substantial residence, extensive landscaping, or a combination of both. This property is ideal for those seeking a large, private lot in a desirable location. The address is precisely 1050 Royal Pkwy N, Lockport, NY 14094. Given its size and zoning, this land offers significant potential for a custom home build or a lucrative subdivision project. The property's location within Lockport provides easy access to local amenities and services. This is a rare opportunity to acquire a substantial residential lot in a growing community. Serious inquiries are encouraged. The property is conveniently located at the coordinates 43.140161 latitude and -78.66226 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lockport
    County
    Niagara
    State
    New York
    Longitude
    -78.66226
    Latitude
    43.140161

    Comparable in this City

    • Contact for pricing
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      89 Pine St, Lockport, NY 14094
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    • $495,000
      47,100 SF

      Downtown Lockport Redevelopment Opportunity

      Adaptive-reuse property in downtown Lockport, suitable for redevelopment.
      19 East Ave, Lockport, NY 14094
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    Similar Nearby for Sale

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      5,274 SF

      89 Pine St, Lockport, NY 14094

      Multifamily properties • 5,274 SF
      89 Pine St, Lockport, NY 14094
      View Details
    • $495,000
      47,100 SF

      Downtown Lockport Redevelopment Opportunity

      Adaptive-reuse property in downtown Lockport, suitable for redevelopment.
      19 East Ave, Lockport, NY 14094
      View Details

    Similar Nearby for Lease

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      Transit Road Retail Outparcel Site

      0.392 acre outparcel on heavily traveled retail corridor.
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      1 SF

      Lockport Commercial Land For Rent

      1.2-acre outparcel ground lease and build-to-suit opportunities available.
      5725 South Transit Rd, Lockport, NY 14094
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    • Contact for pricing

      Lockport Medical & Professional Office

      Medical and professional office space available for lease.
      42 Professional Pkwy, Lockport, NY 14094
      View Details
    • $8 SF/Yr

      Lockport Warehouse Space Available

      2800 SF warehouse with 14' ceilings and parking.
      3454 Ewings Rd, Lockport, NY 14094
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    • $12 SF/Yr
      1,543 SF

      Lockport Office Suite For Lease

      Office suite available in Lockport Professional Park.
      125 Professional Pkwy, Lockport, NY 14094
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    • $12 SF/Yr
      1,800 SF

      Lockport Professional Park Office Space

      Office building in Lockport Professional Park available for lease.
      26 Davison Ct, Lockport, NY 14094
      View Details
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    Lockport, NY 14094
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    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
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