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    822 Davison Rd Lockport, NY 14094
    Property profile & analytics

    822 Davison Rd Lockport, NY 14094

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    • Office buildings
    • 1,776 SF
    • 0.41 lot acres
    For Sale
    $199,999
    View Listing →
    Lockport Medical Office Building For Sale For Sale
    $199,999
    1,776 SF

    Lockport Medical Office Building For Sale

    Medical office building for sale or lease in Lockport, NY.

    822 Davison Rd, Lockport, NY 14094
    View Listing
    Property ID
    US63-1784436
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Haroon Muneeb MD / Physician

    Property Details for 822 Davison Rd

    Year built
    1991
    Lot size
    0.41 lot acres
    Property size
    1,776 SF
    Zone code
    05 - COMMERCIAL
    Property type
    Office buildings
    APN
    290900 123.12-2-3
    APU
    2909001231223

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lockport
    County
    Niagara
    State
    New York
    Longitude
    -78.6651
    Latitude
    43.155
    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
    $43,500
    $186,500
    $230,000
    -
    $43,500
    $186,500
    $230,000

    Comparable in this City

    • Value Estimation
      $990,000
      25,848 SF

      100 Genesee St

      OFFICE BUILDING • 25,848 SF
      100 Genesee St, Lockport, NY 14094-3612
      View Details
    • Value Estimation
      $515,000
      6,424 SF

      160 Ee Ave

      PROFESSIONAL BUILDING • 6,424 SF
      160 Ee Ave, Lockport, NY 14094-3835
      View Details
    • Value Estimation
      $1,810,000
      16,368 SF

      4487 Lk Ave

      OFFICE BUILDING • 16,368 SF
      4487 Lk Ave, Lockport, NY 14094-1139
      View Details
    • Value Estimation by Request
      2,000 SF

      6713 Lincoln Ave

      OFFICE BUILDING • 2,000 SF
      6713 Lincoln Ave, Lockport, NY 14094-6221
      View Details
    • Value Estimation by Request
      6,008 SF

      5879 Snyder Dr

      OFFICE BUILDING • 6,008 SF
      5879 Snyder Dr, Lockport, NY 14094-9497
      View Details
    • Value Estimation
      $725,000
      27,746 SF

      5465 Uppr Mtn Rd

      OFFICE BUILDING • 27,746 SF
      5465 Uppr Mtn Rd, Lockport, NY 14094-1854
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,600 SF

      Medical/Professional Office Building For Sale

      3,600 SF medical/professional office building in Lockport, NY.
      16 Davison Ct, Lockport, NY 14094
      View Details
    • Contact for pricing
      6,172 SF

      Lockport Medical & Professional Office

      Medical and professional office park complex in Lockport, NY.
      115 Professional Pkwy, Lockport, NY 14094
      View Details
    • Contact for pricing
      12,084 SF

      Medical/Professional Office Building for Sale

      12,084 SF medical/professional office building with multiple suites.
      57 Davison Ct, Lockport, NY 14094
      View Details
    • Contact for pricing

      Lockport Medical & Professional Office

      Medical and professional office park with ample parking.
      32 Professional Pkwy, Lockport, NY 14094
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      1,543 SF

      Lockport Office Suite For Lease

      Office suite available in Lockport Professional Park.
      125 Professional Pkwy, Lockport, NY 14094
      View Details
    • $12 SF/Yr
      1,800 SF

      Lockport Professional Park Office Space

      Office building in Lockport Professional Park available for lease.
      26 Davison Ct, Lockport, NY 14094
      View Details
    • Contact for pricing

      Lockport Medical & Professional Office

      Medical and professional office space available for lease.
      42 Professional Pkwy, Lockport, NY 14094
      View Details
    • Contact for pricing

      Lockport Office/Medical Building For Rent

      Office or medical building with ample natural lighting and parking.
      42 Professional Pkwy, Lockport, NY 14094
      View Details
    • Contact for pricing

      Mixed-Use Building Overlooking Canal

      Well-maintained 9,900 SF mixed-use building with parking.
      285 Market St, Lockport, NY 14094
      View Details
    • Contact for pricing

      Lockport Professional Office Suites

      Office suites available for lease in Lockport, NY.
      90 Professional Pkwy, Lockport, NY 14094
      View Details
    View Listing
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    Lockport, NY 14094
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    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
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    822 Davison Rd, Lockport, NY, 14094
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