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    3487 Andover Rd Wellsville, NY 14895

    View on Map
    Sponsored
    For Sale
    $899,000

    COMMERCIAL - Wellsville, NY

    Property size:
    23,016 SF
    Lot size:
    2.05 Acres
    Days on Market:
    4
    Last Refresh:
    Mar 28 at 5:06 pm

    Property Features for 3487 Andover Rd

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    710
    APN
    027089-239-000-0001-027-003-0000
    Parking
    10
    Parking features
    Driveway
    Size
    23,016 SF
    Lot size
    2.05 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Forced Air, Natural Gas, Heat Pump (Heating), Hot Water(Heating)
    Cooling system
    Heat Pump
    Water source
    Public

    Building Details

    Year built
    1998
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Block, MetalSiding
    Roof type
    Metal

    We can help!

    Listing Contact
    Jonas Willson
    Jonas Willson

    Genesee River Realty

    Listing agent Jonas Willson License #10491212719

    Listing date Mar 25, 2026

    MLS# R1668978

    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

    Wellsville Industrial Facility For Sale

    Located just outside the Village of Wellsville, NY, this industrial facility offers approximately 23,000 sq ft of warehouse space and 750 sq ft of second-floor office space on a 2.045-acre property. The property is suitable for manufacturing, processing, warehousing, or logistics operations. The building features steel frame construction with a partial cinder block divider and a clear-span interior. Ceiling heights measure 18'4" at the center and 16'4" at the eaves, with concrete floors throughout. The mechanical systems include a Greenheck MAU (1,750,000 BTU, 20,000 CFM) and four natural gas boilers servicing ten hydronic ceiling heaters. Shipping and receiving are facilitated by two truck-height loading docks and one grade-level overhead door. Utilities include municipal water and private septic, along with 1600 amp, 208-volt, 3-phase electric service. The property also includes a 34' x 50' barn. With 600 feet of frontage on State Route 417 and 150 feet on Baldwin Road, the site offers visibility and access. The Southern Tier Extension Railroad runs just across Baldwin Road. The property is located along a major commercial corridor, providing direct highway access and proximity to regional rail.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Dental Office Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store Pharmacy Skin Care Clinic

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

    Similar Places Nearby

    Bob's Self Storage, Cook's Self-Storage

    Location Insight

    • Map
    • Local Demand
    City
    Wellsville
    County
    Allegany
    State
    New York
    Longitude
    -77.926982
    Latitude
    42.1248

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    FAQs

    What type of property is this?
    Warehouse - 23,000 sq ft industrial facility on 2.045 acres.
    Where is this warehouse located?
    The property is located at 3487 Andover Rd Wellsville, NY.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: - High-capacity industrial facility: ~23,000 sq ft warehouse + 750 sq ft office on 2.045 acres.; - Strategic location on major commercial corridor with direct highway access.; - Heavy-duty mechanical systems including Greenheck MAU (1,750,000 BTU, 20,000 CFM) and four natural gas boilers with hydronic ceiling heaters.
    (585) 808-8747
    Request Owner's contact information
    3487 Andover Rd Wellsville, NY 14895
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    Wellsville, NY 14895
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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
    3487 Andover Rd Wellsville, NY 14895
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    We can help!
    Listing Contact
    Jonas Willson
    Jonas Willson
    Real Estate License ID: 10491212719
    Learn More
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