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Property profile & analytics
OFF-MARKET
Estimated value
$17,675,000
Super regional malls
5827 Transit Rd, Lockport, NY 14094-6317
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US63-4191985
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1995
Total area
90,347 SF
Lot
18.67 ac (813,265 SF)
Zoning code
B-2
APN
292600 123.17-1-7.1
UPID
US63-4191985
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
-
Elizabeth A. Ornella, PharmD Pharmacy
-
Tops Gas Station
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Western Union Bank Credit Union
-
Citizens Bank Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.01M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.68M
Owner & transaction history
Tp Center LLC · 5 yrs held
Tp Center LLC
since 2021
Last sale
$18.4M
3 recorded transactions
Zoning & alternative use
B-2 · 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
Method
Estimation
Statistic approach
$19,895,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$15,175,000
6.5%
$14,005,000
7%
$13,005,000
Blend value · Realmo final
$17.68M
Range $15.91M – $19.44M · ±10% · vs last sale $18.40M (May 21 2021)
Last sale anchor
$18.40M
May 21 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$196 / SF
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
$17,370,000
Assessed 2023
Previous assessed
$17,370,000
+0.0% YoY
Assessed land
$4,020,000
Assessed improvement
$13,350,000
Land market value
$4,020,000
Improvement market value
$13,350,000
Total market value
$17,370,000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1995
Heating
NONE
Cooling
CENTRAL
Buildings
4
Stories
1
Total area
90,347 SF
Lot
18.67 ac (813,265 SF)
Zoning code
B-2
APN
292600 123.17-1-7.1
UPID
US63-4191985
Jurisdiction
NIAGARA
Zoning & alternative use
B-2 · Lockport, NY
Zoning B-2 · permitted uses
B-2 · 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
1995
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Lot
18.67 ac
Current owner
From public records · entity-resolved
Tp Center LLC
Entity
Mailing address
125 HALF MILE RD STE #207, RED BANK, NJ 07701-6749
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2021
$18,400,000
Tp Center LLC
G&i Ix Empire Tops Plaza Lockport L
Bargain And Sale Deed
$4,983,223 · Provident Bank
Oct 14, 2016
$12,000,000
G & I Ix Empire Tops Plaza Loc
Bg Lockport II LLC
Grant Deed
—
Oct 14, 2016
—
G & I Ix Empire Tops Plaza Lockp
Bg Lockport II LLC
Trustees Deed
related
$63,108,400 · Manufacturers & Traders Tr
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.
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