Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Industrial/Commercial Property with Income Title is generated by Realmo AI

    35 Anderson Avenue, Falconer, NY 14733

    View on Map
    Claim this Listing
    For Sale
    $295,000

    COMMERCIAL - Falconer, NY

    Property size:
    9,100 SF
    Lot size:
    1.60 Acres
    Price / SF:
    $32/SF
    Added:
    Jan 15, 2026
    Days on Market:
    121
    Last Refresh:
    May 16 at 1:06 pm

    Property Features for 35 Anderson Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    449
    Parking
    30
    Standard status
    Active
    APN
    063803-371-011-0002-010-000
    Size
    9,100 SF
    Lot size
    1.60 Acres

    Taxes and HOA fees

    Tax Annual Amount
    8994

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Electric (Heating)
    Water source
    Public

    Building Details

    Year built
    1988
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    BlownInInsulation, Concrete

    We can help!

    Listing Contact
    Thomas Turner
    Thomas Turner

    Listing agent Thomas Turner License #10311200036

    Listing office Century 21 Turner Brokers 4 E Fairmount Ave., Lakewood, NY

    Listing date Jan 15, 2026

    MLS# R1657415

    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.

    HighLights

    • 9,100 sf industrial/commercial property on 1 acre with plentiful on‑site parking.
    • two connected buildings allowing for flexible use or division, with one 5,900 sf section currently vacant and ideal for an owner‑occupant.
    • stable income from a long‑term tenant on a new two‑year lease in the other section, contributing 37% of utility costs.
    • equipped with 3‑phase power, plumbed for air, overhead heat, and 6‑inch ceiling insulation, suitable for various industrial, warehouse, or light manufacturing uses.
    • features include large office areas, separate men's and women's restrooms, and overhead doors for easy loading.
    • exterior improvements include tin siding and a tin roof, with an asphalt parking lot.

    Overview

    This 9,100 square foot industrial/commercial property is situated on approximately 1.6 acres at the end of a dead-end road, providing privacy and ample on-site parking. The property comprises two connected buildings with internal doorways, allowing for flexible use or potential division. The right side, approximately 5,900 square feet, is currently vacant and owner-used, suitable for an owner-occupant or immediate lease. This section includes a large office area, a walk-in closet/storage, separate men's and women's restrooms, and an overhead door for loading. The left side is occupied by a long-term tenant under a new two-year lease signed in January, generating stable income. This space is approximately 20% office with the remaining area featuring an open floor plan, also served by an overhead door. The tenant contributes 37% of utility costs. The building is plumbed for air, equipped with overhead heat, 3-phase power, and 6-inch ceiling insulation, supporting various industrial, warehouse, or light manufacturing uses. Exterior features include tin siding and a tin roof, with an asphalt parking lot completing the site. This property offers a combination of owner-user flexibility, existing income, a functional layout, and infrastructure, making it suitable for investors or businesses seeking adaptable space in Falconer.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kenneth Crosby Department Store DXP Enterprises Factory Allen Industrial Sales, ... Factory

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Falconer
    County
    Chautauqua
    State
    New York
    Longitude
    -79.188513
    Latitude
    42.118028

    Nearby Similar for Sale

    • $399,000
      8,172 SF

      Established Bar & Restaurant Opportunity

      Turnkey bar and restaurant with a loyal customer base.
      7 E Main Street, Falconer, NY 14733
      View Details
    • $99,900
      9,718 SF

      Falconer Commercial Storefront Opportunity

      Commercial property with storefronts and warehouse in high-traffic area.
      13-21 E Main Street, Falconer, NY 14733
      View Details
    • $495,000
      57,784 SF

      Versatile Commercial Property For Sale

      57,784 SF mixed-use property with manufacturing, warehouse, and office space.
      2020 South Allen Street, Falconer, NY 14733
      View Details

    FAQs

    What type of property is this?
    Industrial property - Versatile industrial/commercial property with existing tenant and owner-user potential.
    Where is this industrial property located?
    The property is located at 35 Anderson Avenue Falconer, NY.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: 9,100 sf industrial/commercial property on 1 acre with plentiful on‑site parking.; two connected buildings allowing for flexible use or division, with one 5,900 sf section currently vacant and ideal for an owner‑occupant.; stable income from a long‑term tenant on a new two‑year lease in the other section, contributing 37% of utility costs.
    (716) 640-3912
    We can help!
    Listing Contact
    Thomas Turner
    Thomas Turner
    Real Estate License ID: 10311200036
    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

    Thank You for Inquiry
    35 Anderson Avenue, Falconer, NY 14733
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!