Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7134 Rochester Rd Lockport, NY 14094-1626

    • Grocery and convenience stores
    • 49,549 SF
    • 4.10 lot acres
    OFF-MARKET
    Value Estimations
    $680,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1423370
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Tim Hortons / Coffee Shop / Bakery
    • Tops Pharmacy / Pharmacy
    • Redbox / Movie Rental Kiosk / Dvd Store
    • Primo Water Refill & Exchange / Bottled Water Supplier
    • Tops Plaza / Business Center

    Property Details for 7134 Rochester Rd

    Year built
    1966
    Lot size
    4.10 lot acres
    Property size
    49,549 SF
    Property type
    Grocery and convenience stores
    APN
    292600 110.01-2-62.1/BB
    APU
    292600110012621BB

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $430,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $926,000
      Market price range: $888k - $3.54M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lockport
    County
    Niagara
    State
    New York
    Longitude
    -78.6412
    Latitude
    43.1811
    CBSA code
    15380
    CBSA name
    BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $260,000
    $1,240,000
    $1,500,000
    -
    $260,000
    $1,240,000
    $1,500,000

    Comparable in this City

    • Value Estimation
      $700,000
      18,052 SF

      601 Transit St

      GROCERY, SUPERMARKET • 18,052 SF
      601 Transit St, Lockport, NY 14094-5950
      View Details
    • Value Estimation
      $4,465,000
      55,091 SF

      Lkpt Olcott Rd

      GROCERY, SUPERMARKET • 55,091 SF
      Lkpt Olcott Rd, Lockport, NY 14094
      View Details
    • Value Estimation by Request
      45,000 SF

      3949 Lockport Olcott Rd

      Individual retail properties • 45,000 SF
      3949 Lockport Olcott Rd, Lockport, NY 14094
      View Details
    • Value Estimation by Request
      2.80 Acres

      6408 Campbell Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2.80 Acres
      6408 Campbell Blvd, Lockport, NY 14094-9216
      View Details
    • Value Estimation
      $735,000
      23,408 SF

      55 Ee Ave

      FINANCIAL BUILDING • 23,408 SF
      55 Ee Ave, Lockport, NY 14094-3716
      View Details
    • Value Estimation
      $550,000
      13,834 SF

      55 Stevens St

      FINANCIAL BUILDING • 13,834 SF
      55 Stevens St, Lockport, NY 14094-4229
      View Details

    Similar Nearby for Sale

    • $199,999
      1,376 SF

      Retail Building in Downtown Lockport

      Retail building for sale adjacent to the Erie Canal.
      55 Lock St, Lockport, NY 14094
      View Details
    • $895,000
      9,650 SF

      Downtown Lockport Office Building

      Two-story office building in the heart of Lockport.
      133-135 Main St, Lockport, NY 14094
      View Details
    • Contact for pricing

      Transit Road Versatile Freestanding Building

      Freestanding building on Transit Road with versatile office/retail uses.
      6051 South Transit Rd, Lockport, NY 14094
      View Details
    • $500,000
      16,083 SF

      Warehouse Retail Redevelopment Opportunity

      1.3 acre property suitable for retail redevelopment, close to Main Street.
      51 State St, Lockport, NY 14094
      View Details
    • $450,000
      9,612 SF

      Historic Lockport Mixed-Use Property

      Historic Lockport property with canal views and development potential.
      20 Lock St, Lockport, NY 14094
      View Details
    • Contact for pricing

      Corner Lot Retail Opportunity

      Stand-alone building on corner lot with parking and fenced area.
      6000 Snyder Dr, Lockport, NY 14094
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,800 SF

      Lockport Retail Building - 5,800 SF

      Prime Lockport retail space, high visibility, ample parking.
      6640 Lincoln Ave, Lockport, NY 14094
      View Details
    • $9 SF/Yr
      7,000 SF

      Retail Space on Transit Street

      Retail space in Lockport's growing business corridor.
      282-312 S Transit St, Lockport, NY 14094
      View Details
    • Contact for pricing
      11,964 SF

      Lockport Retail Space: Prime Location

      High-visibility retail space, ample parking.
      76 East Ave, Lockport, NY 14094
      View Details
    • $12 SF/Yr
      1,270 SF

      Retail Space on Transit Road

      Retail space available for lease, 1270 square feet.
      5883-5891 S Transit Rd, Lockport, NY 14094
      View Details
    • $995 /Mo
      6,300 SF

      Modern Commercial Space in Lockport

      Versatile commercial space suitable for office, retail, or wellness businesses.
      45 Main St, Lockport, NY 14094
      View Details
    • Contact for pricing

      Adaptable Commercial Units For Rent

      Spacious commercial units with adaptable layout in high-visibility location.
      6503-6515 Campbell Blvd, Lockport, NY 14094
      View Details

    Property Visit Statistics

    • Visits by month
      35.4k
    • Visitors by month
      17.7k
    • Avg Time on site
      19 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7134 Rochester Rd
    Lockport, NY 14094-1626
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.