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Property profile & analytics

32 Professional Pkwy Lockport, NY 14094-5366

  • Office buildings
  • 2,560 SF
  • 0.40 lot acres
OFF-MARKET
Value Estimation
$90,000
Last Sale
Feb 15, 2024
$78,000
Location Intelligence
Property ID
US63-3380779
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

  • Office buildings

Property Details for 32 Professional Pkwy

Year built
1992
Lot size
0.40 lot acres
Property size
2,560 SF
Zone code
05 - COMMERCIAL
Property type
Office buildings
APN
290900 123.08-4-9
APU
2909001230849

Description

This single-tenant, 2,400 square foot Class B office building, constructed in 2002, is situated in a 19-building medical and professional office park in Lockport, NY. The property features an open reception area, six oversized executive offices, an open workspace, kitchen, storage, and restrooms. Ample natural light and a convenient rear parking lot enhance its appeal. The building boasts a wood frame and brick exterior, a single story design, and either a crawl space or full basement. It sits on its own tax parcel and can be sold separately from the other buildings in the complex. The lot size is approximately 0.35 acres or more. The building is currently vacant and ideal for a variety of office or medical uses. The larger complex offers suites ranging from 600 to 12,200 square feet, with most buildings designed for multiple tenants. The location provides easy access to Route 78, Lockport Memorial Hospital, and the downtown Lockport area, which includes numerous retail stores, restaurants, and hotels. Niagara County's central location offers proximity to Niagara Falls (18 miles) and Buffalo (30 miles). The property is zoned commercial and benefits from multiple points of access and ample parking throughout the complex. This presents a unique opportunity to acquire a well-located, versatile office building in a thriving area.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $80,000
  • CAP approach

    CAP return
    Estimation
    6%
    $110,000
    6.5%
    $100,000
    7%
    $100,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $125,000
    Geo Method
    $115,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $110,000
    Retail
    $130,000
    Mixed-Use
    $125,000
    Hospitality
    $120,000
    Educational
    $105,000
    Residential Income
    $120,000
    Energy
    $115,000
    Income-Based Land
    $110,000
    Food Service
    $120,000

Location Insight

  • Map
  • Local Demand
City
Lockport
County
Niagara
State
New York
Longitude
-78.6643
Latitude
43.1582
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
$42,500
$132,500
$175,000
-
$42,500
$132,500
$175,000
More about this property
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