Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Modern Office Space in Jamestown Title is generated by Realmo AI

    405 W 3rd Street, Jamestown, NY 14701

    View on Map
    Claim this Listing
    For Lease
    $1,100/Mo $10 SF/Yr (calc)

    COMMERCIAL - Jamestown, NY

    Property size:
    1,271 SF
    Lot size:
    0.28 Acres
    Added:
    May 31, 2024
    Days on Market:
    716
    Last Refresh:
    May 16 at 11:06 pm

    Property Features for 405 W 3rd Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    C-1
    Parking
    6
    Standard status
    Active
    APN
    060800-387-039-0003-015-000
    Size
    1,271 SF
    Lot size
    0.28 Acres

    Taxes and HOA fees

    Tax Annual Amount
    13387

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1920
    Floors in Building
    1
    Roof type
    Flat

    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 May 31, 2024

    MLS# R1542072

    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

    • Modern office building in Jamestown, NY, suitable for various business types.
    • Flexible space that can be configured as two separate offices or one large office.
    • Convenient location near downtown amenities, providing easy access for clients and employees.
    • Ample natural light and spacious interiors creating a productive work environment.
    • Public water and sewer services.
    • Sleek design and functional layout.

    Overview

    This modern office building is located in Jamestown, NY. The property offers a functional layout suitable for businesses seeking a professional environment. The interiors are spacious and provide ample natural light, creating a productive atmosphere. The building's location provides convenient access to downtown amenities for both clients and employees. The 1,271 square-foot space can be divided into two separate office spaces or used as one large space. The lot size is 0.2755 acres. The zoning is C-1.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Labor Ready Employment Agency Chautauqua County Child ... Social Service Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Jamestown
    County
    Chautauqua
    State
    New York
    Longitude
    -79.246333
    Latitude
    42.095262

    Nearby Similar for Lease

    • $1,000/Mo
      5,600 SF

      Prime Corner Office Space Available

      Office/professional space for rent on a highly visible corner.
      15 Dunham Avenue, Jamestown, NY 14701
      View Details
    • $1,200/Mo
      9,075 SF

      Jamestown Commercial Space For Lease

      Versatile commercial space suitable for office, retail, or restaurant.
      212 Pine Street, Jamestown, NY 14701
      View Details
    • $549,900 SF/Yr
      10,045 SF

      Mixed-Use Investment Opportunity in Jamestown

      Mixed-use property with commercial space, apartments, and garages.
      813-815 Foote Avenue, Jamestown, NY 14701
      View Details
    • $1,908/Mo
      1,943 SF

      Jamestown Office Space For Lease

      Versatile office space with private offices, open area, and storage.
      517 5th Street W, Jamestown, NY 14701
      View Details
    • $12 SF/Yr
      1,600 SF

      Versatile Commercial Space For Rent

      1,600 SF commercial space suitable for various business types.
      525 Foote Ave, Jamestown, NY 14701
      View Details
    • $1,200/Mo
      1,580 SF

      Commercial Space on Pine Street

      Versatile commercial space suitable for office, retail, or restaurant.
      212 Pine St, Jamestown, NY 14701
      View Details
    • $2,200/Mo
      2,543 SF

      Modern Office Building in Jamestown

      Modern office building in Jamestown, NY, suitable for various businesses.
      405 W 3rd Street, Jamestown, NY 14701
      View Details
    • $1,500/Mo
      1,700-2,000 SF

      Restaurant Space in Downtown Jamestown

      Fully equipped restaurant space for lease in downtown Jamestown, NY.
      522 E 2Nd St, Jamestown, NY 14701
      View Details
    • Contact for pricing
      37,400 SF

      Historic Fenton Building Office Space

      37,400 SF office building in Downtown Jamestown.
      2-6 East 2nd Street, Jamestown, NY 14701
      View Details
    • Contact for pricing

      Freestanding Restaurant Opportunity Near Mall

      Turn-key restaurant space with high traffic and ample parking.
      995 Fairmount Avenue, Jamestown, NY 14701
      View Details
    • $6 SF/Yr
      1,430 SF

      Downtown Storefront for Lease

      Downtown storefront available for lease in Willow Bay Commerce Center.
      13-15 E 3rd St, Jamestown, NY
      View Details
    • Contact for pricing
      20,000 SF

      Jamestown Industrial Space Sublease

      20,000 sq ft industrial space available for sublease.
      2019 Allen Street Extension, Jamestown, NY 14701
      View Details

    FAQs

    What type of property is this?
    Office units - Modern office building in Jamestown, NY, perfect for businesses.
    Where is this office units located?
    The property is located at 405 W 3rd Street Jamestown, NY.
    What is the lease rate?
    The lease rate is $1,100 /Mo.
    What are key features of this property?
    This property features: Modern office building in Jamestown, NY, suitable for various business types.; Flexible space that can be configured as two separate offices or one large office.; Convenient location near downtown amenities, providing easy access for clients and employees.
    (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
    405 W 3rd Street, Jamestown, NY 14701
    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!