Building Details

Year Built 1930

Buildings 2

Listing Agency: Real Estate Advantage y***@outlook.com Show Phone

Listed By: Yvette Jordan · License #10401208583

Source: Skinnercnyrealty

Added: Aug 2 Changed: Aug 30 Last Checked: Aug 30 at 7:18PM

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Investment Insights

Based on property information with market context.

This property includes two separate homes offered together, with current rental use by the day, week, or month. The first residence has two bedrooms, an eat-in kitchen, one bathroom, a covered patio, a remodeled kitchen and bathroom, interior paint updates, and vinyl flooring throughout. The second features an open living, dining, and kitchen arrangement, a loft-style bedroom, another bedroom, vaulted ceilings, skylights, and a covered deck. Both homes have newer roofs and furnaces. The first home was remodeled a few years ago, while the second was painted 6 years ago and received a new furnace.

The residences are within walking distance of Chautauqua Lake and the Bemus Point Stow Ferry, with the Chautauqua Institution approximately four miles away. Interstate 86 is also nearby. The property is located at 3462 Old Bridge Rd in Stow, New York.

Key Highlights

• Two homes included in the sale at 3462 Old Bridge Rd, Stow, NY 14785
• Current rental use by the day, week, and month
• Within walking distance of Chautauqua Lake and the Bemus Point Stow Ferry

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

$12,855

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

5.87%

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%

$257,100 $257.1K

Cap Rate 7%

$183,643 $183.6K

Cap Rate 9%

$142,833 $142.8K

Market Conditions

NOI Build-Up for 1,698 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

$26.9K $15.84/SF

− Vacancy

−$3.5K −$2.08/SF

EGI

$23.4K $13.76/SF

− OpEx

−$10.5K −$6.19/SF

NOI

$12.9K $7.57/SF

Area

Chautauqua County, NY

Vacancy

13.10%

Lease Rate

$15.84 /SF/Yr

Expense Ratio

45.00%

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%

$257,100

Cap Rate 7%

$183,643

Cap Rate 9%

$142,833

Alternative Uses

Best Use

Apartment 5plus

$183.6K

$160.7K – $214.3K (±1% cap)

NOI $12,855 @ 7.0% cap · market cap 5.87%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$508.2K

$444.7K – $592.9K (±1% cap)

NOI $35,576 @ 7.0% cap · market cap 16.24%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Short term rental ...

Suggested Use

Top Pick Plumbing Service Storage Facility Furniture & Home Goods Grocery & Convenience Store Big Box & Wholesale Store Bakery

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

2

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

38

Businesses Nearby

Explore this area Business Placement

Demographics for 14785, NY

54

Population

32

Households

1.7

Avg Household Size

63

Median Age

0.2 sq mi

ZIP Area

270

Density / Sq Mi

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this short term rental properties located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Short term rental property - Two residences offer flexible day, week, and monthly rental use near Chautauqua Lake.

Where is this short term rental property located?

The property is located at 3462 Old Bridge Rd Stow, NY.

What is the asking price?

The asking price for this property is $219,000.

What are key features of this property?

This property features: Two homes included in the sale at 3462 Old Bridge Rd, Stow, NY 14785; Current rental use by the day, week, and month; Within walking distance of Chautauqua Lake and the Bemus Point Stow Ferry