Office Unit with Natural
For Sale
Contact for pricing
405 W 3rd Street, Jamestown, NY 14701
Suite C provides a professionally maintained workspace with on-site parking near downtown Jamestown.
Property Size1,271 SF
Price / SF$0.87
Days on Market100
Property Features for 405 W 3rd Street
General Information
Standard status
Active
Size
1,271 SF
Listing Agency:
Century 21 Turner Brokers
(716) 763-7506
Listed By:
Thomas Turner · License #10311200036
(716) 640-3912
Source:
Nicholcityrealty
Added: Jul 11
Changed: Oct 17
Last Checked: Oct 16 at 8:36AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suite C is a 1,271-square-foot office unit within Riverview Plaza at 405 W 3rd Street. The space has a functional configuration, substantial natural light, and a professionally maintained setting suited to office, service, medical, and other commercial uses.
The property sits near downtown Jamestown and includes on-site parking for occupants and visitors. Its West Third Street address places the suite within an established commercial corridor with convenient access for clients and employees.
The property sits near downtown Jamestown and includes on-site parking for occupants and visitors. Its West Third Street address places the suite within an established commercial corridor with convenient access for clients and employees.
Key Highlights
- 1,271 SF office unit identified as Suite C
- Functional office layout with ample natural light
- Professionally maintained building at Riverview Plaza
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,652
Suggested Prices Based on Cap Rates
Cap Rate 5%
$393,040
$393.0K
Cap Rate 7%
$280,743
$280.7K
Cap Rate 9%
$218,356
$218.4K
Market Conditions
NOI Build-Up for 1,271 SF
Gross rent
$30.5K $24.00/SF
− Vacancy
−$4.3K −$3.38/SF
EGI
$26.2K $20.62/SF
− OpEx
−$6.6K −$5.15/SF
NOI
$19.7K $15.46/SF
Area
Chautauqua County, NY
Vacancy
14.10%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$393,040
Cap Rate 7%
$280,743
Cap Rate 9%
$218,356
Alternative Uses
Best Use
Office B
$280.7K
$245.7K – $327.5K
NOI $19,652 @ 7.0% cap · market cap 1,786.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$380.4K
$332.9K – $443.8K
NOI $26,630 @ 7.0% cap · market cap 2,420.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,562
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - Suite C provides a professionally maintained workspace with on-site parking near downtown Jamestown.
Where is this office units located?
The property is located at 405 W 3rd Street Jamestown, NY.
What are key features of this property?
This property features: 1,271 SF office unit identified as Suite C; Functional office layout with ample natural light; Professionally maintained building at Riverview Plaza
