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    The Largest CRE Database in the US with Over 1 Million Listings

    3829 N Main St Marion, NY 14505

    Sponsored
    For Sale
    Pending
    $280,000

    MULTI_FAMILY - Marion, NY

    Property size:
    6,678 SF
    Lot size:
    0.16 Acres
    Days on Market:
    47
    Last Refresh:
    Jan 25 at 6:06 am

    Property Features for 3829 N Main St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Rooms
    Bedroom 2, Basement, Bathroom 4, Bathroom 3, Bedroom 1, Bedroom 4, Bedroom 5, Bathroom 5, Bedroom 3, Bathroom 1, Bathroom 2
    Bedrooms
    5
    Bathrooms
    5
    APN
    543200-065-114-0012-849-598-0000
    Parking features
    On Street
    Patio and Porch features
    Patio
    Exterior features
    Patio
    Appliances
    ElectricWaterHeater, GasWaterHeater
    Size
    6,678 SF
    Lot size
    0.16 Acres

    Utilities

    Heating system
    Zoned, Electric (Heating), Forced Air, Baseboard, Natural Gas
    Cooling system
    Zoned, Wall Unit(s), Central Air
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Hardwood, Laminate, Varies
    Building materials
    Brick
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Olivia Brower

    RE/MAX Plus (585) 279-8200

    Listing agent Olivia Brower (585) 279-8200 License #10401320663

    Listing date Dec 10, 2025

    MLS# R1636064 Listing URL

    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

    Mixed-Use Building in Marion, NY

    This income-producing mixed-use building is located in the heart of Marion. The lower level of this brick building features a restaurant space with a long-standing tenant. The restaurant includes seating, tables, kitchen space, and a custom bar. There are two large bathrooms in the dining space, exposed brick, large windows, a large walk-out freezer, and a full walk-down basement. Upstairs, there are three newly renovated apartments with long-standing tenants, including two 2-bedroom units and one 1-bedroom unit. All appliances are included in the apartment spaces. The property has ample parking and possible space to the side of the building for a patio. The property size is 6678 square feet and the lot size is 0.16 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Casa Mexicana Bar ... Mexican Restaurant

    Suggested Use

    Restaurant Law Firm Dental Office Building Supply Clothing Store Auto Repair Shop Gym & Fitness Wholesale Shop Accounting Firm Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Wayne
    State
    New York
    Longitude
    -77.189013
    Latitude
    43.143514

    Nearby Similar for Sale

    • $185,000

      Marion Triplex Investment Opportunity

      Three-unit property with income potential and renovation opportunity.
      3957 Buffalo St, Marion, NY 14505
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Income-producing mixed-use building with restaurant and apartments in Marion.
    Where is this mixed-use property located?
    The property is located at 3829 N Main St Marion, NY.
    What is the asking price?
    The asking price for this property is $280,000.
    What are key features of this property?
    This property features: - Income-producing mixed-use building with long-term tenants in place.; - Restaurant space with existing tenant, including seating, kitchen, bar, and walk-in freezer.; - Three newly renovated apartments upstairs (two 2-bed, one 1-bed) with included appliances.
    (585) 279-8200
    Request Owner's contact information
    3829 N Main St Marion, NY 14505
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    Marion, NY 14505
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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
    3829 N Main St Marion, NY 14505
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    We can help!
    Listing Contact
    Olivia Brower
    Real Estate License ID: 10401320663
    (585) 279-8200
    Learn more
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