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Property profile & analytics
FOR SALE
Office buildings

115 Professional Pkwy Lockport, NY 14094

3,086 SF 0.45 ac lot Built 1992
Entity Owned 2-yr Hold Free & Clear
Property ID
US63-3216135
Property summary
AI-generated overview

This single-story, 3,086 square-foot office building in Lockport, NY, presents a fantastic opportunity. Built in 2002, the property features two suites, each approximately 1,543 square feet, currently vacant and ready for immediate occupancy. The building boasts a wood-frame, brick exterior, asphalt shingle roof, and either a crawl space or full basement. The property is part of a larger 19-building complex, offering various suite sizes ranging from 600 to 10,000 square feet, and is zoned for commercial use. Each building sits on its own tax parcel and can be leased or sold individually. Lots range from 0.35 to 1.19 acres, providing ample space. The complex currently has approximately 50% occupancy, with a mix of medical and professional tenants. Located conveniently near Lincoln Avenue and Davison Road, this property offers easy access to major roadways, including Transit Road, and is within close proximity to Lockport Memorial Hospital and a wide array of retail amenities, restaurants, and hotels. Its central location in Niagara County, approximately 18 miles east of the Niagara Falls border and 30 miles from downtown Buffalo, provides excellent accessibility. Ample parking is available for employees and clients. Ideal for medical practices, legal firms, accounting offices, or other professional businesses.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1992
Total area 3,086 SF
Lot 0.45 ac (19,602 SF)
Zoning code 05 - COMMERCIAL
APN 290900 123.08-4-20
UPID US63-3216135
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dr. Lawrence E. Volland, DDS Dental Office
  • Volland Dental Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Davison Road Properties LLC · 2 yrs held
Davison Road Properties LLC
since 2024
Last sale
$100,295
4 recorded transactions
2024
$85,000
2020
$11.6M
2015
Price N/A
2014
Price N/A
Zoning & alternative use
05 - COMMERCIAL · Lockport, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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