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Property profile & analytics
OFF-MARKET
Office buildings
15 Elizabeth Dr, Lockport, NY 14094-5226
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US63-5960502
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Total area
4,036 SF
Lot
0.64 ac (27,878 SF)
Zoning code
05 - COMMERCIAL
APN
290900 123.12-1-15
UPID
US63-5960502
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
-
Ostolski Michael J Physician
-
Margaret Libby Pediatrician Physician
-
Dr. Anthony T. Dibenedetto, MD Physician
-
Med-Var Surgery Mohammed Ibrahim Physician
-
Timothy Walch Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ostolski Property Mgmt LLC|ostolski,michael J & Da · 11 yrs held
Ostolski Property Mgmt LLC|ostolski,michael J & Da
since 2015
7 recorded transactions
Zoning & alternative use
05 - COMMERCIAL · Lockport, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lockport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lockport submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$450,000
Assessed 2023
Previous assessed
$450,000
+0.0% YoY
Assessed land
$63,000
Assessed improvement
$387,000
Land market value
$63,000
Improvement market value
$387,000
Total market value
$450,000
Applied tax rate
290,900.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1989
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
4,036 SF
Lot
0.64 ac (27,878 SF)
Zoning code
05 - COMMERCIAL
APN
290900 123.12-1-15
UPID
US63-5960502
Jurisdiction
NIAGARA
Zoning & alternative use
05 - COMMERCIAL · Lockport, NY
Zoning 05 - COMMERCIAL · permitted uses
05 - COMMERCIAL · Lockport, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lockport. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1989
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
0.64 ac
Current owner
From public records · entity-resolved
Ostolski Property Mgmt LLC|ostolski,michael J & Da
Entity
Mailing address
7122 LARRY CT, NORTH TONAWANDA, NY 14120-1431
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2020
—
Ostolski Property Management
—
Deed
related
$300,000 · David L Ulrich
Jan 30, 2015
$364,000
Ostolski Property Mgmt LLC|ostolski,michael J & Da
Tad Medical Realty LLC
Grant Deed
$300,000 · David L Ulrich
Oct 1, 2012
$178,000
Tad Medical Realty LLC
Derosas,juan
Warranty Deed
—
Oct 1, 2012
—
Tad Medical Realty LLC
Anthony T Dibenedetto
Warranty Deed
$273,000 · First Niagara Bk
Jul 18, 2012
$95,000
Anthony T Dibenedetto
Schratz,jeffrey J
Warranty Deed
—
Dec 1, 2008
$60,000
Anthony T Dibenedetto
Dibenedetto,anthony T
Warranty Deed
related
—
—
—
Ostolski Property Management
—
Loan Modification
related
$300,000 · David L Ulrich
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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