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    24-30 E Main St Westfield, NY 14787

    Sponsored
    For Lease
    $5 SF/Yr ($7,916 /Mo)

    COMMERCIAL - Westfield, NY

    Type:Office
    Property size:
    19,000 SF
    Lot size:
    0.23 Acres
    Days on Market:
    9
    Last Refresh:
    Feb 19 at 1:06 am

    Property Features for 24-30 E Main St

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Lease
    Property subtype
    Office
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    B1
    Rooms
    Basement
    APN
    192.20-4-15
    Parking
    5
    Parking features
    Offsite
    Exterior features
    PropaneTankOwned
    Size
    19,000 SF
    Lot size
    0.23 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas, Central, Zoned
    Cooling system
    Central Air, Zoned

    Building Details

    Year built
    1970
    Floors in Building
    4
    Flooring type
    Vinyl, Carpet, Linoleum
    Building materials
    Brick
    Roof type
    Flat

    We can help!

    Listing Contact
    Nicholas Holt
    Nicholas Holt

    Howard Hanna Holt Real Estate (716) 269-4208

    Listing agent Nicholas Holt (716) 753-7880 License #10401209202

    Listing date Feb 11, 2026

    MLS# R1660021

    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

    Westfield Office/Retail Space Available

    Located in the heart of the vibrant village of Westfield, NY, this brick commercial office building offers over 15,000 square feet of space suitable for a variety of purposes. The building, designed by Beck, Tinkham and Beyer, features air conditioning, a full generator, and municipal electric. The majority of rooms are large, exceeding 25x25 feet, with 11-foot ceilings. An additional story is available for storage. The second floor includes custom woodwork in a formal board/conference room and two executive-style offices. The property contains eight bathrooms, two kitchenette areas, and three separate staircases. The front door area, which opens to an impressive lobby, is ADA compliant. Situated on a corner lot next to Moore Park, the location hosts events such as weekly Farmers Markets, the village Holiday Tree Lighting, and the annual Wine and Grapes festival. Across Main Street are restaurants, and across Elm Street is the village building and the local police station. Several parking lots are easily accessible nearby. Located on the shores of Lake Erie, Westfield is situated along Interstate 90, providing access to Buffalo, Cleveland, Erie, Jamestown and Pittsburgh. The area offers recreational lakes, the Lake Erie Wine Trail, public trails and parks, and nearby ski resorts. Space is available for lease at different rates based on floor, location, and size. Common area and utility sub charges may apply. The first floor space is available at $8 per square foot, the second floor at $5 per square foot, and the basement at $3.50 per square foot. The space can be divided; roughly 15,000 square feet is currently available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Westfield
    County
    Chautauqua
    State
    New York
    Longitude
    -79.576991
    Latitude
    42.322394

    FAQs

    What type of property is this?
    Office space - Downtown office/retail space for lease in Westfield, New York.
    Where is this office space located?
    The property is located at 24-30 E Main St Westfield, NY.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: - Prime downtown location in the vibrant village of Westfield, NY, next to Moore Park and close to restaurants and municipal buildings.; - Large, adaptable space: Over 15,000 sq ft across three finished floors with large rooms (25x25) and 11-foot ceilings, plus additional storage.; - Equipped with essential amenities: Air conditioning, full generator, and cheap municipal electric.
    (716) 581-1347
    Request Owner's contact information
    24-30 E Main St Westfield, NY 14787
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    Westfield, NY 14787
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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
    24-30 E Main St Westfield, NY 14787
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    We can help!
    Listing Contact
    Nicholas Holt
    Nicholas Holt
    Real Estate License ID: 10401209202
    (716) 581-1347 (716) 753-7880
    Learn more
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