Property profile

64 Davison Ct Lockport, NY 14094

OFF-MARKET
Office buildings
Property ID
US63-3359005
12,026 SF 1.25 ac lot Built 1997
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

The property at 64 Davison Road in Lockport, New York consists of a wood-frame, brick-exterior, single-story building totaling approximately 12,202 +/- square feet, with 10 individual suites ranging from about 100 +/- to 2,603 +/- square feet. The suites and building configuration provide potential for reconfiguration, including possible conversion into multi-family apartments. The building is part of a larger medical and professional office park comprising 19 +/- office buildings on approximately 9.79 +/- acres, with each building located on its own tax parcel and designed to be leased or sold separately; the complex includes buildings sized from roughly 2,400 +/- to 12,200 +/- square feet and suite sizes generally ranging from about 600 +/- to 10,000 +/- square feet. The office park buildings typically feature crawl spaces or full basements and asphalt shingle roofs, with some entries shared by multiple tenants. The lots associated with individual buildings range from approximately 0.35 +/- to 1.19 +/- acres, and the site provides multiple access points and ample parking. The park is positioned just north of Lincoln Avenue on Davison Road, about 1.5 miles east of Transit Road and roughly one mile south of Lockport Memorial Hospital, with access to downtown Lockport and nearby retail, dining, and lodging.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1997
Total area 12,026 SF
Lot 1.25 ac (54,450 SF)
Zoning code 05 - COMMERCIAL
APN 290900 123.12-2-13
UPID US63-3359005

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
  • Physician
  • Physician
  • Pediatrician Physician
  • Physician
  • Physician

Location

64 Davison Ct Lockport, NY 14094-5370
Lockport metro Census 23902 BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$465k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$390k

Owner & transaction history

since 2022
Last sale
$427,070
3 recorded transactions
2022
$448,423
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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