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    Vacant Commercial Building with Parking Title is generated by Realmo AI

    309 Prendergast Avenue, Jamestown, NY 14701

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    Claim this Listing
    New
    For Sale
    $299,900

    COMMERCIAL - Jamestown, NY

    Property size:
    7,260 SF
    Lot size:
    0.21 Acres
    Price / SF:
    $41/SF
    Added:
    Jun 5, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 5 at 5:06 pm

    Property Features for 309 Prendergast Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    484
    Rooms
    Basement
    Parking
    20
    Standard status
    Active
    APN
    060800-387-041-0001-008-000
    Size
    7,260 SF
    Lot size
    0.21 Acres

    Taxes and HOA fees

    Tax Annual Amount
    10586

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Electric (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1941
    Floors in Building
    1
    Flooring type
    Vinyl, Linoleum, Concrete, Carpet
    Roof type
    Flat, Membrane, Rubber

    We can help!

    Listing Contact
    Thomas Turner
    Thomas Turner

    Listing agent Thomas Turner License #10311200036

    Listing office Century 21 Turner Brokers 4 E Fairmount Ave., Lakewood, NY

    Listing date Jun 5, 2026

    MLS# R1688205

    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

    • 7,260 SF commercial building on two contiguous parcels totaling approx. 0.38 acres
    • Includes separate dedicated off‑street parking lot (approx. 60' x 120')
    • Building footprint on approx. 77' x 120' building lot
    • Vacant building offers immediate occupancy for a new owner
    • Flexibility of past retail/service use with potential for retail, office, professional services, medical, showroom, warehouse, or redevelopment
    • Utilities include public water and public sewer; central air with forced‑air/electric heating

    Overview

    This vacant commercial property includes a 7,260-square-foot building and two contiguous parcels, a building lot and a separate dedicated parking lot. The floor plan is flexible and was previously used for retail and service-oriented businesses, supporting a range of potential layouts for different commercial concepts. Ownership also includes the ability for a new occupant to customize the space to fit their needs.

    The site is positioned along Prendergast Avenue, a heavily traveled corridor, with convenient access for customers and employees. The property includes a dedicated parking lot measuring 60' x 120', and a building lot measuring 77' x 120'.

    With dedicated off-street parking, the building may be a practical fit for an owner-occupant looking for a prominent storefront or office/professional use. It can also be considered by buyers exploring a repositioning strategy, given the flexibility of the existing interior layout and the property’s current vacancy status.
    Property Profile Location Intelligence

    Current Use by Public Records

    Geer-Dunn Co Inc Furniture & Home Goods

    Suggested Use

    Real Estate Agency Restaurant Law Firm 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.

    Similar Places Nearby

    • It’s Your Day, Inc — 38 N Main St, Jamestown, NY 14701
    • Girton's Flowers & Gifts, Inc. — 1519 Washington St, Jamestown, NY 14701
    • PattyAnne's Petals and Party Goods — 100 W 3rd St, Jamestown, NY 14701

    Location Insight

    • Map
    • Local Demand
    City
    Jamestown
    County
    Chautauqua
    State
    New York
    Longitude
    -79.238161
    Latitude
    42.097237

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    FAQs

    What type of property is this?
    Storefront property - Vacant commercial building with flexible interior layout and dedicated off-street parking along a high-traffic corridor.
    Where is this storefront property located?
    The property is located at 309 Prendergast Avenue Jamestown, NY.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: 7,260 SF commercial building on two contiguous parcels totaling approx. 0.38 acres; Includes separate dedicated off‑street parking lot (approx. 60' x 120'); Building footprint on approx. 77' x 120' building lot
    (716) 640-3912
    We can help!
    Listing Contact
    Thomas Turner
    Thomas Turner
    Real Estate License ID: 10311200036
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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.

    More about this property
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