Add Listing
    For Sale
    • 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

    184 N Portage St Westfield, NY 14787

    View on Map
    Sponsored
    For Sale
    $114,900

    COMMERCIAL - Westfield, NY

    Property size:
    1,568 SF
    Lot size:
    0.33 Acres
    Days on Market:
    10
    Last Refresh:
    Mar 27 at 10:06 pm

    Property Features for 184 N Portage St

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    comm
    APN
    067201-192-015-0002-006-000
    Parking
    15
    Size
    1,568 SF
    Lot size
    0.33 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1960
    Floors in Building
    1
    Flooring type
    Concrete
    Roof type
    Metal

    We can help!

    Listing Contact
    Travis Thurston

    NY Land Quest, LLC

    Listing agent Travis Thurston License #10301222583

    Listing date Mar 18, 2026

    MLS# S1657440

    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

    Remodeled Commercial Building in Westfield

    This newly remodeled commercial building presents an investment opportunity in the Village of Westfield, Chautauqua County, New York. The property has undergone renovations including a new roof, siding, and interior insulation. Situated in a high-traffic area at the intersection of North Portage St. and Hawley St., the property includes a large parking lot and is connected to public sewer and public water. Documentation for a clean phase 1 electric is available. The 1,568 square-foot building is situated on a 0.33-acre lot and is ready for a new owner to complete the remodeling to fit desired needs. The property is located approximately 11 minutes from Mayville NY, 39 minutes from Jamestown NY, 45 minutes from Erie PA, and 1 hour from Buffalo NY. The zoning is commercial, allowing for various business uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Pharmacy

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

    Similar Places Nearby

    Blue June Blooms

    Location Insight

    • Map
    • Local Demand
    City
    Westfield
    County
    Chautauqua
    State
    New York
    Longitude
    -79.586985
    Latitude
    42.331015

    Nearby Similar for Sale

    • $325,000
      19,000 SF

      Brick Office Building in Westfield

      Commercial office building in the heart of Westfield, New York.
      24-30 E Main St, Westfield, NY 14787
      View Details
    • $195,000

      Warehouse with Freezer System

      Warehouse with freezer system, suitable for storage and servicing.
      36 English St, Westfield, NY 14787
      View Details
    • $195,000

      Warehouse with Freezer System

      Warehouse with freezer system and truck access for sale.
      36 English St, Westfield, NY 14787
      View Details
    • New
      Contact for pricing
      4,938 SF

      Waterfront Restaurant in Barcelona Harbor

      Turnkey waterfront restaurant with bar, dining, and lakeside tiki bar.
      8254 1St St, Westfield, NY 14787
      View Details
    • $219,000

      Former Auto Sales Property

      Auto sales property with ample parking and excellent traffic.
      7450 Rte 20 East, Westfield, NY 14787
      View Details
    • $100,000
      2,496 SF

      Westfield Commercial Building - Great Potential

      Prime Westfield location, 2,496 sq ft, 1-acre lot.
      166 Portage St, Westfield, NY 14787
      View Details

    FAQs

    What type of property is this?
    Storefront property - Newly remodeled commercial building in high-traffic Westfield, NY location.
    Where is this storefront property located?
    The property is located at 184 N Portage St Westfield, NY.
    What is the asking price?
    The asking price for this property is $114,900.
    What are key features of this property?
    This property features: - Newly remodeled with **new roof, siding, and interior insulation.**; - High-traffic location at the intersection of North Portage St. and Hawley St.; - Large parking lot with public sewer and public water.
    (585) 386-9413
    Request Owner's contact information
    184 N Portage St Westfield, NY 14787
    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.
    184 N Portage St
    Westfield, NY 14787
    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
    184 N Portage St Westfield, NY 14787
    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

    We can help!
    Listing Contact
    Travis Thurston
    Real Estate License ID: 10301222583
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!