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    4960 S Hill Road Kennedy, NY 14747

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    Claim this Listing
    For Lease
    $10 SF/Yr

    COMMERCIAL - Kennedy, NY

    Property size:
    5,616 SF
    Lot size:
    4.71 Acres
    Added:
    Feb 23, 2026
    Days on Market:
    50
    Last Refresh:
    Apr 14 at 11:06 pm

    Property Features for 4960 S Hill Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    482
    Rooms
    Basement
    Parking
    20
    Parking features
    Paved or Surfaced
    Standard status
    Active
    APN
    064000-288-018-0002-023-000
    Size
    5,616 SF
    Lot size
    4.71 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Hot Water(Heating), Space Heater, Propane (Heating)
    Cooling system
    Central Air
    Water source
    Well

    Building Details

    Year built
    1956
    Floors in Building
    1
    Number of units
    6
    Building materials
    Brick
    Roof type
    Membrane, Rubber, 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 Feb 23, 2026

    MLS# R1663274

    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

    Versatile Commercial Space on High-Traffic Road

    This versatile commercial space is suitable for launching a new business or expanding an existing one. Located on a high traffic road (Rt 62) in Kennedy, NY, up to 5,616 square feet of a 14,000 square foot building is available for lease. The space may be rented as a whole or as individual rooms and has a private entrance. The property, situated on a 4.71-acre lot, consists of four private rooms measuring approximately 32' x 31', one additional room measuring 31' x 13', and one ADA-accessible restroom. The property owner is open to leasing individual rooms to qualified tenants. This location is well suited for a variety of professional uses, including a physical therapy office, dental practice, attorney's office, or CPA firm, among others. Tenants may also have occasional, scheduled access to a shared kitchen and gym/cafeteria area within the building. The exterior features an ADA-accessible entrance with a covered carport and convenient drop-off area, providing easy access for clients and staff.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Big Box & Wholesale Store Auto Repair Shop Barber Shop Cosmetic Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Kennedy
    County
    Chautauqua
    State
    New York
    Longitude
    -79.11086
    Latitude
    42.215397

    FAQs

    What type of property is this?
    Office units - Adaptable commercial space suitable for various professional uses.
    Where is this office units located?
    The property is located at 4960 S Hill Road Kennedy, NY.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: High‑traffic location on Rt 62, ideal for business visibility.; Flexible space: Up to 5,616 sq ft available, can be rented as a whole or individual rooms.; Private entrance for the leased section of the building.
    (716) 640-3912
    We can help!
    Listing Contact
    Thomas Turner
    Thomas Turner
    Real Estate License ID: 10311200036
    Learn More
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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
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