Property profile

16 Davison Ct Lockport, NY 14094

FOR SALE
Office buildings
Property ID
US63-1235219
3,600 SF 0.4 ac lot Built 1996
Entity Owned 2-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 19-building office park totaling 3,600 square feet, situated on approximately 9.79 acres in Lockport, NY. Built in 2002, this single-story complex features wood-frame, brick exterior buildings with either crawl spaces or full basements and asphalt shingle roofs. Individual buildings range from 2,400 to 12,200 square feet, and are available for sale or lease separately, each situated on its own tax parcel. Suite sizes vary from 600 to 10,000 square feet, accommodating single or multiple tenants. The park boasts ample parking, multiple access points, and is currently approximately 50% occupied by medical and professional tenants. Its prime location offers easy access to downtown Lockport, major retail, restaurants, and hotels, as well as proximity to Lockport Memorial Hospital, and major transportation routes. The zoning is commercial, and the property is located in Niagara County, just 18 miles east of the Niagara Falls border and 30 miles from downtown Buffalo. This versatile property is ideal for a variety of professional uses, including medical, legal, and accounting practices.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1996
Total area 3,600 SF
Lot 0.4 ac (17,424 SF)
Zoning code 05 - COMMERCIAL
APN 290900 123.12-2-6
UPID US63-1235219

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office Physician
  • Physician
  • Physician
  • Medical Clinic
  • Financial Advisor

Location

16 Davison Ct Lockport, NY 14094
Lockport metro Census 23902 BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$115k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$115k

Owner & transaction history

since 2024
Last sale
$117,000
5 recorded transactions
2024
$117,000
2021
$52,000
2020
$11.6M
2015
Price N/A
2014
Price N/A

Zoning & alternative use

05 - COMMERCIAL · Lockport, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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