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

    3487 Andover Road Wellsville, NY 14895

    View on Map
    Claim this Listing
    For Sale
    $899,000

    COMMERCIAL - Wellsville, NY

    Property size:
    23,016 SF
    Lot size:
    2.05 Acres
    Added:
    Mar 25, 2026
    Days on Market:
    26
    Last Refresh:
    Apr 19 at 7:06 am

    Property Features for 3487 Andover Road

    General Information

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

    Taxes and HOA fees

    Tax Annual Amount
    12135

    Utilities

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

    Listing agent Jonas Willson License #10491212719

    Listing office Genesee River Realty 3684 State Route 19, SCIO, NY

    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.

    Overview

    Wellsville Industrial Facility For Sale

    Located just outside the Village of Wellsville, NY, this industrial facility is situated on 2.045 acres. The property is suitable for manufacturing, processing, warehousing, or logistics operations. The building provides approximately 23,000 sq ft of warehouse space along with 750 sq ft of second-floor office space. Constructed with a steel frame and a partial cinder block divider, the building features a clear-span interior. Ceiling heights reach 18'4" at the center and 16'4" at the eaves, above concrete floors. The mechanical systems include a Greenheck MAU (1,750,000 BTU, 20,000 CFM) and four natural gas boilers that service ten hydronic ceiling heaters. Shipping and receiving is facilitated by two truck-height loading docks and one grade-level overhead door. Utilities include municipal water and a private septic system, 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. This property is suited for dairy and food processing, wood products and forestry operations, advanced ceramics, and general manufacturing.
    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.

    Location Insight

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

    Nearby Similar for Sale

    • $279,900
      2,500 SF

      Turn-Key Barbecue Smokehouse For Sale

      Well-established barbecue smokehouse with full bar business in Wellsville, NY.
      605 State Route 19, Wellsville, NY 14895
      View Details
    • $99,500
      356 SF

      Remodeled Corner Parcel in Wellsville

      Remodeled office building with excellent exposure and off-street parking.
      191 S Main Street, Wellsville, NY 14895
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - 23,000+ sq ft industrial facility on 2.045 acres.
    Where is this manufacturing property located?
    The property is located at 3487 Andover Road 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 featuring a ~23,000 sq ft warehouse and 750 sq ft office space on 2.045 acres.; Strategic location with direct highway access, proximity to regional rail, and access to a regional airport.; Heavy‑duty mechanical systems including Greenheck MAU (1,750,000 BTU, 20,000 CFM) and four natural gas boilers.
    (585) 808-8747
    We can help!
    Listing Contact
    Jonas Willson
    Jonas Willson
    Real Estate License ID: 10491212719
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!