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

    318 Hebner St Jamestown, NY 14701

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $91,500

    Prime location, renovated, multiple uses.

    Property size:
    1,764 SF

    Property Features for 318 Hebner St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,764 SF

    Building Details

    Year Built
    1946

    We can help!

    Listing Contact
    Judy Weilacher
    Judy Weilacher

    Listing Agency: Century 21 - Turner Brokers | Lakewood Listing Agent: Judy Weilacher

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This 1,764 sq ft commercial building at 318 Hebner St, Jamestown, NY, presents a fantastic investment opportunity. Currently operating as a pizza shop, its versatile layout offers diverse possibilities. Imagine a cozy coffee shop, a bustling cafe, a convenient neighborhood grocery, or a popular sub shop. Alternatively, conversion to a single-family home is also feasible. The property boasts a spacious walk-in cooler and a dining area with seating for approximately 30 patrons. Extensive renovations in 2017/2018 included new vinyl siding, a new roof, fresh drywall, and the addition of a public restroom. The property includes two lots, opening up the potential for outdoor seating, and a parking lot accommodating 7-8 vehicles. The asking price of $91,500 encompasses both the building and the land. Don't miss this chance to acquire a well-maintained, adaptable commercial property in a desirable location. This could be the perfect fit for your entrepreneurial vision.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Elmo's pizza In Jamestown,NY Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Jamestown
    County
    Chautauqua
    State
    New York
    Longitude
    -79.22245
    Latitude
    42.08934

    Nearby Similar for Sale

    • $449,000
      9,097 SF

      Historic Jamestown Mansion For Sale

      19th-century mansion with original features, ideal for commercial use.
      413 N Main St, Jamestown, NY 14701
      View Details
    • $384,000
      45,834 SF

      Historic Schoolhouse with Redevelopment Potential

      Historic Jamestown schoolhouse on two acres, ideal for redevelopment.
      1101 E 2Nd St, Jamestown, NY 14701
      View Details
    • $199,000
      Pending

      Versatile Commercial Building in Jamestown

      Spacious commercial building with shop area, offices, and expansion potential.
      289 Steele St, Jamestown, NY 14701
      View Details
    • $190,000
      Pending

      Downtown Jamestown Commercial Property For Sale

      High-visibility commercial property with parking in downtown Jamestown, New York.
      101 W 4Th St, Jamestown, NY 14701
      View Details
    • $475,500
      7,920 SF

      Jamestown Commercial Space For Sale

      Prime downtown Jamestown commercial space with redevelopment potential.
      304 W 3Rd St, Jamestown, NY 14701
      View Details
    • New
      $1,725,000
      4,071 SF

      Jamestown Multifamily Investment Portfolio

      Turnkey investment portfolio featuring 44 units in Jamestown, NY.
      28 Hall Ave, Jamestown, NY 14701
      View Details
    • $49,900
      2,164 SF

      Mixed-Use Building with Commercial Space

      Mixed-use building with commercial space and residential apartment.
      121 Willard Street Ext, Jamestown, NY 14701
      View Details
    • $380,000
      7,260 SF

      Commercial Property with Parking Income

      Well-maintained commercial building with parking income and versatile layout.
      309 Prendergast Ave, Jamestown, NY 14701
      View Details
    • $659,900
      18,685 SF

      Jamestown Manufacturing & Warehouse Facility

      Versatile industrial property with manufacturing, warehouse, and office space.
      19.5 Blackstone Ave, Jamestown, NY 14701
      View Details
    • $139,900
      Pending

      Jamestown Turnkey Two-Family Home

      Two-family home in Jamestown, ideal for investors or owner-occupiers.
      2 Butler St, Jamestown, NY 14701
      View Details
    • New
      $135,000
      Pending

      Income-Producing Four-Unit Multifamily Property

      Turnkey Jamestown multifamily property with steady rental income.
      341 Willard Street Ext, Jamestown, NY 14701
      View Details
    • $899,900

      Established Bowling Alley with Bar

      Turn-key bowling alley with sports bar and restaurant.
      850 Foote Ave, Jamestown, NY 14701
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Prime location, renovated, multiple uses.
    Where is this commercial real estate located?
    The property is located at 318 Hebner St Jamestown, NY.
    What is the asking price?
    The asking price for this property is $91,500.
    (716) 763-7506
    Request Owner's contact information
    318 Hebner St Jamestown, NY 14701
    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.
    318 Hebner St
    Jamestown, NY 14701
    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
    318 Hebner St Jamestown, NY 14701
    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

    We can help!
    Listing Contact
    Judy Weilacher
    Judy Weilacher
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!