Property profile

70 Professional Pkwy Lockport, NY 14094

OFF-MARKET
Office buildings
Property ID
US63-2778435
3,167 SF 0.38 ac lot Built 1993
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

70 Professional Parkway is a single-story, 3,177-square-foot medical/professional office building within a 9.79-acre office park in Lockport, New York, located just north of Lincoln Avenue on Davison Road, about one mile south of Lockport Memorial Hospital and roughly 1.5 miles east of Transit Road (Route 78). The complex consists of nineteen wood-frame buildings with brick exteriors and asphalt shingle roofs, ranging from approximately 2,400 to 12,200 square feet and commonly configured for multiple tenants with suite sizes from about 600 to 12,200 square feet. The buildings include crawl spaces or full basements, and entrances are sometimes shared among tenants. Each building is on its own tax parcel and is designed to be divisible for separate leasing or sale, with lot sizes within the complex ranging from about 0.35 to 1.19 acres. The property’s layout and historical use support medical services, including eye care, and the overall office park is suitable for professional uses such as medical practices and professional offices (e.g., attorneys and accountants). The park features multiple access points and ample parking, with convenient access to downtown Lockport and nearby retail, restaurants, and hospitality options.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1993
Total area 3,167 SF
Lot 0.38 ac (16,553 SF)
Zoning code B4
APN 290900 123.08-4-12
UPID US63-2778435

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
  • Ophthalmologist
  • Ophthalmologist
  • Ophthalmologist
  • Ophthalmologist
  • Ophthalmologist (Bike/Boat/Book/etc) Store

Location

70 Professional Pkwy Lockport, NY 14094-5366
Lockport metro Census 23902 BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2022
Last sale
$290,000
4 recorded transactions
2022
$290,000
2020
$11.6M
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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