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Property profile & analytics
FOR SALE
Office buildings
70 Professional Pkwy Lockport, NY 14094
Entity Owned
4-yr Hold
Free & Clear
Property ID
US63-2778435
For Sale
1 / 42
Contact for pricing
70 Professional Pkwy, Lockport, NY 14094
View Listing →
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Charles J Fetterman MD PC Ophthalmologist
-
Fetterman Ophthalmologist
-
Buccilli Andrea M MD Ophthalmologist
-
Fasula Vivian K MD Ophthalmologist
-
Eyes Rx Ophthalmologist (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Asix Realty Associates LLC · 4 yrs held
Asix Realty Associates LLC
since 2022
Last sale
$290,000
4 recorded transactions
Zoning & alternative use
B4 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$365,000
Assessed 2023
Previous assessed
$365,000
+0.0% YoY
Assessed land
$40,500
Assessed improvement
$324,500
Land market value
$40,500
Improvement market value
$324,500
Total market value
$365,000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1993
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
3,167 SF
Lot
0.38 ac (16,553 SF)
Zoning code
B4
APN
290900 123.08-4-12
UPID
US63-2778435
Jurisdiction
NIAGARA
Zoning & alternative use
B4 · Lockport, NY
Zoning B4 · permitted uses
B4 · 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
1993
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
Asix Realty Associates LLC
Entity
Free & Clear · 4 yrs held
Mailing address
70 PROFESSIONAL PKWY, LOCKPORT, NY 14094-5366
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 19, 2022
$290,000
Asix Realty Associates LLC
Rock1234 LLC
Warranty Deed
—
Jun 24, 2020
$11,556,500
Jpmbb 2014-c21-lockport Prof
Lockport Prof Pk Realty LLC
Deed In Lieu Of Foreclosure
related
—
Feb 18, 2015
—
Lockport Prof Park Realty LLC
Lockport Professional Park LLC
Quit Claim Deed
related
—
Jun 16, 2014
—
Lockport Prof Park Realty LLC
Lockport Professional Park LLC
Quit Claim Deed
related
$303,772 · Mc-five Mile Com'l Mtg Fin
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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