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    158 Lake Shore Dr E Dunkirk, NY 14048

    Sponsored
    For Sale
    Pending
    $84,300

    SINGLE_FAMILY - Dunkirk, NY

    Type:Office
    Property size:
    1,800 SF
    Lot size:
    0.23 Acres
    Days on Market:
    30
    Last Refresh:
    Feb 20 at 12:06 am

    Property Features for 158 Lake Shore Dr E

    General Information

    Special listing conditions
    Standard
    Property type
    Residential
    Property subtype
    Office
    TransactionType
    Standard
    Standard status
    Pending
    Zoning
    R2
    Rooms
    Basement
    APN
    060300-079-011-0002-038-000
    Parking
    10
    Parking features
    Paved or Surfaced
    Size
    1,800 SF
    Lot size
    0.23 Acres

    Utilities

    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1957
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Hardwood, Varies, Carpet
    Building materials
    Block
    Roof type
    Membrane, Rubber, Asphalt

    We can help!

    Listing Contact
    Renee Pchelka
    Renee Pchelka

    Howard Hanna Holt Real Estate (716) 269-4208

    Listing agent Renee Pchelka (716) 673-1800 License #40PC0570727

    Listing date Jan 22, 2026

    MLS# R1526965

    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.

    Learn more

    Property Insight Report

    Overview

    Renovated Commercial Building on High-Traffic Route

    This one-story, concrete building is situated on a corner lot with frontage on two streets, offering easy in and out parking access for at least 10 cars. The property, located on a highly traveled route in the city, has a 10-year-old concrete parking lot. It features central heat and central air conditioning, fire doors with crash bars, and commercial electric. The building has been freshly renovated and professionally cleaned. It includes two half bathrooms, a small kitchenette, a private office, and three rooms suitable for dance, yoga, or retail. A small basement contains a utility room. The property is equipped with two furnaces and two central air conditioners. A new roof was installed in 2024, featuring a 'Liberty Low Slope' roof (dual layer bonded membrane) with warranty, deck replacement, and new gutters. The basement floor has been replaced, along with the bathroom sinks and toilet. The floors have been professionally waxed, and new slatwall display panels have been installed. New insulated double hung windows on the front face are planned for February 2025. The property is suitable for offices, retail, or other businesses. There is a rear yard behind the building. The lot size is 0.2259 acres, and the property size is 1800 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Similar Places Nearby

    Tefft Glass by CBPM LLC

    Location Insight

    • Map
    • Local Demand
    City
    Dunkirk
    County
    Chautauqua
    State
    New York
    Longitude
    -79.326862
    Latitude
    42.488809

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    FAQs

    What type of property is this?
    Office Property / Space - Versatile commercial building with high visibility and ample parking.
    Where is this office property / space located?
    The property is located at 158 Lake Shore Dr E Dunkirk, NY.
    What is the asking price?
    The asking price for this property is $84,300.
    What are key features of this property?
    This property features: - High-traffic, high-visibility location on highly traveled Route 5 with frontage on 2 streets.; - Freshly renovated with a new roof (2024) with warranty, new front picture window (Feb. 2025), and other updates.; - Ample parking with a 10-year-old concrete parking lot for at least 10 cars.
    (716) 680-3397
    Request Owner's contact information
    158 Lake Shore Dr E Dunkirk, NY 14048
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    Dunkirk, NY 14048
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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
    158 Lake Shore Dr E Dunkirk, NY 14048
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    We can help!
    Listing Contact
    Renee Pchelka
    Renee Pchelka
    Real Estate License ID: 40PC0570727
    (716) 680-3397 (716) 673-1800
    Learn more
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