217 Hopkins Avenue, Jamestown, NY 14701

Listing Agency: EXP-Premier Listings Team Show Phone

Listed By: Eric Anderson Show Phone

Source: Nicholcityrealty

Added: Sep 22 Changed: Oct 25 Last Checked: Nov 6 at 8:41AM

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 9,600-square-foot flex space at 217 Hopkins Avenue in Jamestown, NY is configured for warehouse, commercial, or light industrial use. The space has concrete floors, a large overhead door, a rear loading dock with a second overhead door, bathrooms, and a shared kitchen and break-room area with a water fountain.

The property includes parking in the on-site lot, along with multiphase electric service and radiant heaters. Its existing loading features and building systems support a range of operational layouts, while the available configuration may accommodate warehouse or light industrial users.

Key Highlights

• 9,600‑square‑foot flex space
• Rear loading dock with a second overhead door
• Large overhead door and concrete floors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$131,772

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,635,440 $2.6M

Cap Rate 7%

$1,882,457 $1.9M

Cap Rate 9%

$1,464,133 $1.5M

What to ask about pricing

Market Conditions

NOI Build-Up for 21,306 SF

Gross rent

$202.0K $9.48/SF

− Vacancy

−$13.7K −$0.64/SF

EGI

$188.2K $8.84/SF

− OpEx

−$56.5K −$2.65/SF

NOI

$131.8K $6.18/SF

Area

Chautauqua County, NY

Vacancy

6.80%

Lease Rate

$9.48 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,635,440

Cap Rate 7%

$1,882,457

Cap Rate 9%

$1,464,133

Alternative Uses

Best Use

Flex RnD

$2.65M

$2.32M – $3.09M (±1% cap)

NOI $185,464 @ 7.0% cap · market cap 4,636,600.00%

Second Best

Warehouse

$2.29M

$2.00M – $2.67M (±1% cap)

NOI $160,009 @ 7.0% cap · market cap 4,000,225.00%

Theoretical Best

Office A

$6.38M

$5.58M – $7.44M (±1% cap)

NOI $446,403 @ 7.0% cap · market cap 11,160,075.00%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Dental Office Hair Salon Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Dock-high doors

Location Intelligence

Trade Area within ½ mile

355

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

Average Price Trend$/SF for Flex space in Chautauqua County, NY

$38.22 Jul

$34.3 Aug

$34.36 Sep

$41.06 Oct

Properties on Market for Flex space in Chautauqua County

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Warehouse-oriented commercial space offers concrete floors, rear loading access, parking, and shared break-room amenities.

Where is this flex space located?

The property is located at 217 Hopkins Avenue Jamestown, NY.

What are key features of this property?

This property features: 9,600‑square‑foot flex space; Rear loading dock with a second overhead door; Large overhead door and concrete floors