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    11055 W Perimeter Road Frewsburg, NY 14738

    View on Map
    For Sale
    $467,500

    COMMERCIAL - Frewsburg, NY

    Property size:
    5,440 SF
    Lot size:
    1.65 Acres
    Added:
    May 6, 2025
    Days on Market:
    331
    Last Refresh:
    Apr 1 at 11:06 am

    Property Features for 11055 W Perimeter Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    400
    Rooms
    Basement
    Parking
    70
    Parking features
    Driveway
    Interior features
    BedroomOnMainLevel
    Exterior features
    PropaneTankLeased
    Standard status
    Active
    APN
    048200-097-002-0002-020-001-0000
    Size
    5,440 SF
    Lot size
    1.65 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    4274

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Forced Air, Space Heater, Propane (Heating)
    Cooling system
    Central Air
    Water source
    Well

    Building Details

    Year built
    1987
    Floors in Building
    1
    Flooring type
    Carpet, Linoleum, Vinyl
    Building materials
    AtticCrawlHatchwaysInsulated, Block, Frame, Concrete, SprayFoamInsulation, WoodSiding
    Roof type
    Shingle

    We can help!

    Listing Contact
    Cynthia Johnson
    Cynthia Johnson

    Listing agent Cynthia Johnson License #10401362557

    Listing office Real Estate Advantage 800 Fairmount Ave. W.E., Jamestown, NY

    Listing date May 6, 2025

    MLS# R1597679

    Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Frewsburg Commercial Investment Opportunity

    This commercial property, located in Frewsburg, NY, presents an investment opportunity in a picturesque location. The property has been meticulously maintained and features upgrades including new central air installed in 2024 and an outdoor gazebo constructed in 2007. An onsite generator is included, capable of powering the entire building during power outages. Recent roof maintenance includes a partial replacement over the back of the building in March 2024, and new shingles installed over the middle section in 2014. The property includes a large parking lot with space for 70 or more vehicles. A semi-furnished studio apartment, with separate electric, is located at the back of the building and can be rented out or owner occupied. The property has 2 dug wells, but only one is needed and used. The property is zoned 400 and sits on a 1.65-acre lot. The building has a size of 5440 square feet. Nearby activities include Allegany hiking trails, Onoville Marina, Salamanca Casino and snowmobiling. The property is located in Cattaraugus County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Restaurant (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Frewsburg
    County
    Chautauqua
    State
    New York
    Longitude
    -78.940206
    Latitude
    42.046721

    Nearby Similar for Sale

    • $547,500
      5,440 SF

      Established Restaurant and Bar Investment

      Turnkey restaurant and bar on 1.65 acres.
      11055 W Perimeter Road, Frewsburg, NY 14738
      View Details
    • $349,900
      2,958 SF

      Turn-Key Bar and Restaurant

      Bar and restaurant with apartment and outdoor dining in Frewsburg.
      64 Old Fentonville Road, Frewsburg, NY 14738
      View Details
    • $230,000

      Frewsburg Church and Social Hall

      Well-maintained church, parsonage, and social hall with parking.
      4 & 8 Institute Street, Frewsburg, NY 14738
      View Details
    • $389,000

      17 Unit Mobile Home Park

      17-unit mobile home park on 53 acres with value-add potential.
      584 Warren Rd, Frewsburg, NY 14738
      View Details

    FAQs

    What type of property is this?
    Specialty property - Meticulously maintained commercial property with rental income potential.
    Where is this specialty property located?
    The property is located at 11055 W Perimeter Road Frewsburg, NY.
    What is the asking price?
    The asking price for this property is $467,500.
    What are key features of this property?
    This property features: Investment opportunity with a semi‑furnished studio apartment for rental income or owner occupancy (separate electric meter).; Large parking lot with space for 70+ cars.; Onsite generator ensures uninterrupted power supply.
    (716) 499-0370
    We can help!
    Listing Contact
    Cynthia Johnson
    Cynthia Johnson
    Real Estate License ID: 10401362557
    Learn More
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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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