Property profile

770 Davison Rd Lockport, NY 14094

OFF-MARKET
Office buildings
Property ID
US63-0322198
9,539 SF 0.83 ac lot Built 2004
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This single-story, 9,000 square foot Class B office building at 770 Davison Road in Lockport, NY, offers a variety of suite sizes perfect for medical or professional practices. Built in 2002, the property features five suites ranging from 1,800 to 7,200 contiguous square feet, with a minimum divisible space of 1,800 square feet. The building is one of nineteen in a larger office park complex situated on a 0.83-acre lot. All buildings are single-story wood frame structures with brick exteriors, asphalt shingle roofs, and either crawl spaces or full basements. The complex boasts ample parking and multiple access points. Its convenient location, just north of Lincoln Avenue on Davison Road, offers easy access to major roadways, including Transit Road, and is within close proximity to Lockport Memorial Hospital and a wide array of retail amenities, restaurants, and hotels. The location is also strategically positioned approximately 18 miles east of the Niagara Falls/Canadian border and 30 miles from Downtown Buffalo. The property is currently approximately 50% occupied. Each building within the complex is situated on its own tax parcel and can be leased or sold separately. This presents a unique opportunity for both individual tenants and investors. The zoning is commercial.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2004
Total area 9,539 SF
Lot 0.83 ac (36,155 SF)
Zoning code 05 - COMMERCIAL
APN 290900 123.08-4-6
UPID US63-0322198

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
  • Law Firm
  • Physician
  • Physician
  • Physician

Location

770 Davison Rd Lockport, NY 14094-5230
Lockport metro Census 23902 BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$360k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2023
Last sale
$315,000
7 recorded transactions
2023
$315,000
2021
$238,500
2020
$11.6M
2015
Price N/A
2014
Price N/A
2011
Price N/A
2008
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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