Renovated Office
New
For Sale
$249,900
430 Fairmount Ave, Jamestown, NY 14701
Two-level property configured for office, professional, or residential use with updated interior finishes and building systems.
Property Size1,190 SF
Lot Size0.12 Acres
Days on Market7
Property Features for 430 Fairmount Ave
General Information
Standard status
Active
Size
1,190 SF
Lot size
0.12 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,189
Building Details
Building Size
1,190 SF
Year Built
1940
Year Renovated
2025
Buildings
1
Stories
2
Listing Agency:
Century 21 Turner Brokers
(716) 640-3912
Listed By:
Thomas Turner · License #10311200036
(716) 640-3912
Source:
Elliman
Added: Aug 14
Changed: Aug 15
Last Checked: Aug 19 at 11:30AM
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.
Built in 1940, this two-level property at 430 Fairmount Ave has been renovated in 2025 for office, professional, or residential occupancy. Improvements include a new furnace, central A/C, roof, siding, windows, drywall, carpeting, lighting, and kitchen appliances. The lower level includes a vinyl-finished entry, gas fireplace, kitchen, and flexible room arrangement, while the second floor provides two large carpeted rooms and a full bathroom.
The 49' x 111' lot includes a paved parking area at the front. Rear land provides room for a private yard, additional parking, or other outdoor improvements. The property is located in Ellicott, NY 14701, with a walkScore of 70 and a bikeScore of 37.
The 49' x 111' lot includes a paved parking area at the front. Rear land provides room for a private yard, additional parking, or other outdoor improvements. The property is located in Ellicott, NY 14701, with a walkScore of 70 and a bikeScore of 37.
Key Highlights
- 2025 renovation includes furnace, central A/C, roof, siding, windows, drywall, carpeting, lighting, and kitchen appliances
- Two‑level layout with two large second‑floor rooms and a full bathroom
- 49' x 111' lot with paved front parking area
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
$18,400
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
7.36%
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%
$368,000
$368.0K
Cap Rate 7%
$262,857
$262.9K
Cap Rate 9%
$204,444
$204.4K
Market Conditions
NOI Build-Up for 1,190 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
$28.6K $24.00/SF
− Vacancy
−$4.0K −$3.38/SF
EGI
$24.5K $20.62/SF
− OpEx
−$6.1K −$5.15/SF
NOI
$18.4K $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 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%
$368,000
Cap Rate 7%
$262,857
Cap Rate 9%
$204,444
Alternative Uses
Best Use
Office B
$262.9K
$230.0K – $306.7K
NOI $18,400 @ 7.0% cap · market cap 7.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$356.2K
$311.7K – $415.6K
NOI $24,933 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
202
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two-level property configured for office, professional, or residential use with updated interior finishes and building systems.
Where is this office building located?
The property is located at 430 Fairmount Ave Jamestown, NY.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 2025 renovation includes furnace, central A/C, roof, siding, windows, drywall, carpeting, lighting, and kitchen appliances; Two‑level layout with two large second‑floor rooms and a full bathroom; 49' x 111' lot with paved front parking area
