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    Property profile & analytics

    251 Ee Ave Lockport, NY 14094-3825

    • Investment properties
    • 3,336 SF
    • 0.12 lot acres
    OFF-MARKET
    Last Sale
    Sep 16, 2020
    $120,000
    Value Estimations
    $135,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2412178
    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.

    Current Use by Public Records

    • Lockport Primary Care / Medical Office / Addiction Treatment Center
    • Farzana Habib OB/GYN / Obstetrician-Gynecologist

    Property Details for 251 Ee Ave

    Year built
    1846
    Lot size
    0.12 lot acres
    Property size
    3,336 SF
    Zone code
    R2
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    290900 109.49-2-61
    APU
    29090010949261

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $135,000
      ML approach
      $140,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $123,000
      Market price range: $90.1k - $224k
      AI Estimate
      $214,000
      Market price range: $149k - $353k

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

    Location Insight

    • Map
    • Local Demand
    City
    Lockport
    County
    Niagara
    State
    New York
    Longitude
    -78.68
    Latitude
    43.1736
    CBSA code
    15380
    CBSA name
    BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $9,700
    $115,300
    $125,000
    -
    $9,700
    $115,300
    $125,000

    Comparable in this City

    • Value Estimation
      $255,000
      1,525 SF

      400 Ww Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,525 SF
      400 Ww Ave, Lockport, NY 14094-4113
      View Details
    • Value Estimation
      $280,000
      2,323 SF

      4746 Cam Lkpt Townline Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,323 SF
      4746 Cam Lkpt Townline Rd, Lockport, NY 14094
      View Details
    • Value Estimation
      $260,000
      1,768 SF

      135 Ee Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,768 SF
      135 Ee Ave, Lockport, NY 14094-3834
      View Details
    • Value Estimation
      $260,000
      2,156 SF

      368 Hawley St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,156 SF
      368 Hawley St, Lockport, NY 14094-2164
      View Details
    • Value Estimation
      $260,000
      2,416 SF

      288 Washburn St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,416 SF
      288 Washburn St, Lockport, NY 14094-4567
      View Details
    • Value Estimation
      $255,000
      1,176 SF

      189 Van Buren St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,176 SF
      189 Van Buren St, Lockport, NY 14094-1512
      View Details

    Similar Nearby for Sale

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      Historic Mixed-Use Office Building

      Three-story mixed-use building with office tenants and development potential.
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      Historic Mixed-Use Office Building

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      Mixed-Use Property with Development Potential

      Two-unit mixed-use property with parking and development opportunities.
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    • $1,050,000
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      Lockport Development Opportunity

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    • $4,500,000
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      Lockport Office & Residential Estate

      86 Acres, Multi-Building Compound, Huge Potential
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    • Contact for pricing
      0.47 Acres

      Lockport Commercial Land for Sale

      0.47-acre buildable commercial lot. Prime location.
      640 Davison Rd, Lockport, NY 14094
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,800 SF

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      Prime Lockport retail space, high visibility, ample parking.
      6640 Lincoln Ave, Lockport, NY 14094
      View Details
    • $9 SF/Yr
      3,600 SF

      Davison Court Office Park

      19 Office Buildings, Lockport, NY
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      View Details
    • $14 SF/Yr
      2,860 SF

      Visible Office Space For Lease

      Office space for lease on a busy thoroughfare.
      526 S Transit St, Lockport, NY 14094
      View Details
    • $9 SF/Yr
      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
    • $14 SF/Yr
      3,241 SF

      Lockport Office Space Available

      Office space available for lease in Lockport, New York.
      151 W Genesee St, Lockport, NY 14094
      View Details
    • Contact for pricing
      2,560 SF

      Lockport Office Building For Sale

      Prime Lockport Office Space, 2560 sq ft
      42 Professional Pkwy, Lockport, NY 14094
      View Details
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    251 Ee Ave
    Lockport, NY 14094-3825
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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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