Two-Story Automotive Flex
For Sale
$399,000
1203 N Main Street, Jamestown, NY 14701
Corner, two-story facility with multiple drive-in bays and offices for automotive, contractor, distribution, or service operations.
Property Size3,569 SF
Price / SF$111.80
Days on Market85
Property Features for 1203 N Main Street
General Information
Standard status
Active
Size
3,569 SF
Total Parking Spaces
30
Property subtype
Commercial
Zoning
433, Business
Additional Details
Business Included
Yes
Highway Access
Yes
Drive-In Doors
4
Taxes and HOA fees
Annual Taxes
$3,626
Building Details
Building Size
3,569 SF
Year Built
1950
Buildings
1
Stories
2
Listing Agency:
Real Estate Advantage
(716) 665-9403
Listed By:
Richard Benedetto · License #31BE0882362
(716) 665-9403
Source:
Homeprocny
Added: Jun 1
Changed: Aug 23
Last Checked: Aug 23 at 5:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Estate Advantage
Investment Insights
Based on property information with market context.
This two-story commercial building offers approximately 3,569 square feet of functional flex space with a layout built around vehicle access and on-site service. The upper level includes two drive-in bays, a private office, and a convenient half bath. A vehicle lift, air compressor, and select shop tools may be included through negotiation, supporting an owner-user or investor seeking immediate operational capability. The lower level adds additional flexibility with two more drive-in bays, two private offices, and a propane hookup in the shop area.
The property is situated at the highly visible corner of North Main Street and Fluvanna Ave. It has drive-through workflow with four overhead doors in total, designed for efficient vehicle and equipment movement. North Main Street is described as a major commercial corridor with four lanes and strong daily traffic counts, and it connects directly to Interstate 86.
With multiple drive-in bays on both levels and several office spaces for coordination and customer or administrative needs, the building can accommodate automotive service and repair, contractor or fabrication workflows, distribution and storage, and potential mixed-use showroom operations, subject to tenant requirements. The corner setting and access-oriented design make it practical for businesses that rely on convenient vehicle ingress and visibility.
The property is situated at the highly visible corner of North Main Street and Fluvanna Ave. It has drive-through workflow with four overhead doors in total, designed for efficient vehicle and equipment movement. North Main Street is described as a major commercial corridor with four lanes and strong daily traffic counts, and it connects directly to Interstate 86.
With multiple drive-in bays on both levels and several office spaces for coordination and customer or administrative needs, the building can accommodate automotive service and repair, contractor or fabrication workflows, distribution and storage, and potential mixed-use showroom operations, subject to tenant requirements. The corner setting and access-oriented design make it practical for businesses that rely on convenient vehicle ingress and visibility.
Key Highlights
- 2‑story commercial property built in 1950 at the corner of North Main Street and Fluvanna Ave
- Approximately 3,569 SF total with flexible layout for automotive, contractor, distribution, warehouse, service, or mixed‑use showroom
- Upper level includes 2 drive‑in bays plus a private office and a half bath
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,067
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$621,340
$621.3K
Cap Rate 7%
$443,814
$443.8K
Cap Rate 9%
$345,189
$345.2K
Market Conditions
NOI Build-Up for 3,569 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$51.4K $14.40/SF
− Vacancy
−$3.6K −$1.01/SF
EGI
$47.8K $13.39/SF
− OpEx
−$16.7K −$4.69/SF
NOI
$31.1K $8.70/SF
Area
Chautauqua County, NY
Vacancy
7.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$621,340
Cap Rate 7%
$443,814
Cap Rate 9%
$345,189
Alternative Uses
Best Use
Retail
$625.7K
$547.5K – $730.0K
NOI $43,800 @ 7.0% cap · market cap 10.98%
Second Best
Flex RnD
$443.8K
$388.3K – $517.8K
NOI $31,067 @ 7.0% cap · market cap 7.79%
Theoretical Best
Office A
$1.07M
$934.7K – $1.25M
NOI $74,778 @ 7.0% cap · market cap 18.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Drive-in doors
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
243
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14701, NY
38,428
Population
19,469
Households
2
Avg Household Size
42
Median Age
25%
College-Educated
90%
High-School Grad
92.6 sq mi
ZIP Area
415
Density / Sq Mi
$50,909
Median Household Income
$34,592
Median Earnings
$769
Median Rent
$98,400
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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- Elegant Edibles Catering — 1101 N Main St, Jamestown, NY 14701
Frequently Asked Questions
What type of property is this?
Flex space - Corner, two-story facility with multiple drive-in bays and offices for automotive, contractor, distribution, or service operations.
Where is this flex space located?
The property is located at 1203 N Main Street Jamestown, NY.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 2‑story commercial property built in 1950 at the corner of North Main Street and Fluvanna Ave; Approximately 3,569 SF total with flexible layout for automotive, contractor, distribution, warehouse, service, or mixed‑use showroom; Upper level includes 2 drive‑in bays plus a private office and a half bath
