Leased Warehouse with Dock
2947 Strunk Rd Jamestown, NY 14701
New
For Sale
$379,000
Fully leased warehouse with four dock doors, including 4,800 SF warehouse plus 560 SF storage.
Property Size4,800 SF
Price / SF$78.96
Days on Market2
Property Features for 2947 Strunk Rd
General Information
Standard status
Active
Size
4,800 SF
Property subtype
Commercial
Building Details
Year Built
1988
Listing Agency:
Century 21 Turner Brokers
(716) 640-3912
Listed By:
Thomas Turner · License #10311200036
(716) 640-3912
Source:
Elliman
Added: Jul 28
Changed: Jul 29
Last Checked: Jul 29 at 9:14AM
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 Century 21 Turner Brokers
Investment Insights
Based on property information with market context.
This fully leased warehouse property includes a 4,800-square-foot warehouse area with an additional 560-square-feet of storage space. Loading and unloading are supported by four dock doors, supporting efficient industrial operations and distribution activity.
The property is conveniently located just off Interstate 86, with an average daily traffic count of approximately 12,100 vehicles, which helps provide strong regional accessibility for transportation and logistics.
The current lease is in place with one 5-year renewal option and a 5% rental increase at the beginning of the option period.
The property is conveniently located just off Interstate 86, with an average daily traffic count of approximately 12,100 vehicles, which helps provide strong regional accessibility for transportation and logistics.
The current lease is in place with one 5-year renewal option and a 5% rental increase at the beginning of the option period.
Key Highlights
- Fully leased commercial warehouse with an established tenant already in place
- 4,800 SF warehouse plus 560 SF of storage space for industrial or distribution use
- Four dock doors for efficient loading and unloading
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.5k | $9.48 |
| − Vacancy | −$3.1k | −$0.64 |
| EGI | $42.4k | $8.84 |
| − OpEx | −$12.7k | −$2.65 |
| NOI | $29.7k | $6.18 |
4,800 SF · lease $9.48/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$515.0K
$450.6K – $600.8K
NOI $36,048 @ 7.0% cap · market cap 9.51%
Second Best
Industrial
$424.1K
$371.1K – $494.8K
NOI $29,687 @ 7.0% cap · market cap 7.83%
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,570 @ 7.0% cap · market cap 26.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Pic 17 Self Storage — 3209 Fluvanna Ave Ext, Jamestown, NY 14701
Frequently Asked Questions
What type of property is this?
Warehouse - Fully leased warehouse with four dock doors, including 4,800 SF warehouse plus 560 SF storage.
Where is this warehouse located?
The property is located at 2947 Strunk Rd Jamestown, NY.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Fully leased commercial warehouse with an established tenant already in place; 4,800 SF warehouse plus 560 SF of storage space for industrial or distribution use; Four dock doors for efficient loading and unloading
