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    26 West Street Arcade, NY 14009

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    Pending
    $119,900

    COMMERCIAL - Arcade, NY

    Property size:
    2,077 SF
    Lot size:
    0.33 Acres
    Added:
    Oct 14, 2025
    Days on Market:
    206
    Last Refresh:
    May 7 at 7:06 pm

    Property Features for 26 West Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    HC
    Parking
    8
    Parking features
    Paved or Surfaced
    Standard status
    Pending
    APN
    562001-183-013-0001-014-000-0000
    Size
    2,077 SF
    Lot size
    0.33 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2747

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Radiant, Zoned, Baseboard
    Cooling system
    Zoned
    Water source
    Public

    Building Details

    Year built
    1965
    Floors in Building
    2
    Flooring type
    Carpet
    Building materials
    Frame, WoodSiding
    Roof type
    Asphalt, Shingle

    We can help!

    Listing Contact
    Erik Jensen

    Listing agent Erik Jensen License #10401265090

    Listing office WNY Metro Roberts Realty 4124 N Buffalo St, cheektowaga, NY

    Listing date Oct 14, 2025

    MLS# B1643603

    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

    • Re‑zoned for R3 usage, allowing for single‑family home, rental with office, or a 2‑unit rental.
    • Spacious first floor with two entrances, reception area, and large office space.
    • Private office with sliding glass doors to the backyard.
    • Potential for private entry to two additional first‑floor offices, suitable for subleasing.
    • Ample on‑site blacktop parking.
    • Second floor with private entrance offers conversion potential.

    Overview

    Versatile Commercial/Residential Property, Arcade NY

    This property in Arcade, NY, presents a versatile opportunity for various uses, including small business operations, residential living, or rental income. Previously utilized as an office space, the property has been re-zoned for R3 usage, allowing for single-family homes, rental properties with office space, or a two-unit rental. The spacious first floor features two main entrances, a reception area, and a large office space suitable for client meetings or team operations. A private office off the main area includes sliding glass doors that open to the backyard, offering a quiet work environment. Two additional offices on the first floor have potential for private entry, providing flexibility for subleasing or separate departments. A half bath is located on the first level. The second floor, currently used for storage and accessible via a private side entrance, offers space for conversion. A blacktop parking area provides on-site parking for staff, clients, and tenants. The property, with a size of 2077 square feet and a lot size of 0.3333 acres, offers functionality and flexibility for business owners, investors, or homeowners.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Terry Raszeja Law ... Law Firm

    Suggested Use

    Real Estate Agency Law Firm Restaurant 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
    Arcade
    County
    Wyoming
    State
    New York
    Longitude
    -78.43275
    Latitude
    42.534603

    Nearby Similar for Sale

    • $1,700,000

      Class A Office Space

      Two-story office building with ample parking and ADA compliance.
      26 Steele Ave, Arcade, NY 14009
      View Details
    • Contact for pricing

      Victorian Triplex in Arcade Village

      Fully rented three-unit Victorian with original details and barn.
      395 W Main Street, Arcade, NY 14009
      View Details

    FAQs

    What type of property is this?
    Office units - Adaptable property suitable for business, residential, or rental use.
    Where is this office units located?
    The property is located at 26 West Street Arcade, NY.
    What is the asking price?
    The asking price for this property is $119,900.
    What are key features of this property?
    This property features: Re‑zoned for R3 usage, allowing for single‑family home, rental with office, or a 2‑unit rental.; Spacious first floor with two entrances, reception area, and large office space.; Private office with sliding glass doors to the backyard.
    (716) 462-8442
    We can help!
    Listing Contact
    Erik Jensen
    Real Estate License ID: 10401265090
    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.

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