Property profile

57 Davison Ct Lockport, NY 14094

FOR SALE
Office buildings
Property ID
US63-2679906
12,281 SF 1.26 ac lot Built 1998
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Lockport, NY office park offers a 12,084 square foot building with four suites ranging from 1,950 to 3,808 square feet. The entire complex comprises nineteen single-story buildings, totaling various sizes from 2,400 to 12,200 square feet, many suitable for multiple tenants. Individual suites within the complex range from 600 to 10,000 square feet. Each building, constructed in 2002, features a wood frame and brick exterior, a single story design, and either a crawl space or full basement, along with asphalt shingle roofs. Some buildings share entrances. Each building sits on its own tax parcel and can be leased or sold separately. Lot sizes vary from 0.35 to 1.19 acres. Currently, the complex enjoys approximately 50% occupancy, primarily with medical and professional tenants. The property is zoned commercial and ideally suited for medical, legal, accounting, or other professional office uses. Ample parking is available for tenants and clients. The park offers multiple access points and is conveniently located just north of Lincoln Avenue on Davison Court in Lockport, NY, near major roadways, Lockport Memorial Hospital, and a wide array of retail amenities, restaurants, and hotels, including Walmart, Tops, Starbucks, and many others. Its central Niagara County location provides easy access to Niagara Falls (18 miles) and Downtown Buffalo (30 miles).

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1998
Total area 12,281 SF
Lot 1.26 ac (54,886 SF)
Zoning code B4
APN 290900 123.12-2-9
UPID US63-2679906

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
  • Dental Office
  • Dental Office
  • Dental Office
  • Physician

Location

57 Davison Ct Lockport, NY 14094
Lockport metro Census 23902 BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$395k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$395k

Owner & transaction history

since 2024
Last sale
$393,000
3 recorded transactions
2024
$393,000
2015
Price N/A
2014
Price N/A

Zoning & alternative use

B4 · 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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