Renovated Office
For Sale
$249,900
430 Fairmount Avenue, Jamestown, NY 14701
COMMERCIAL - Jamestown, NY
Property Size1,190 SF
Lot Size0.12 Acres
Price / SF$210
Days on Market10
Property Features for 430 Fairmount Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
483
Zoning description
Business
Parking
10
Parking features
Driveway
Lot features
Rectangular, Rectangular Lot
Elementary school district
Southwestern
Middle school district
Southwestern
High school district
Southwestern
Subdivision
Ellicott-063889
Standard status
Active
APN
063889-386-008-0004-022-000
Size
1,190 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
4189
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1940
Floors in Building
2
Roof type
Shingle
Listing Agency:
Century 21 Turner Brokers · Century 21 Real Estate
(716) 763-7506
Listed By:
Thomas Turner · License #10311200036
(716) 640-3912
Added: Aug 13
Changed: Aug 19
Last Checked: Aug 22 at 4:06PM
MLS# R1706610
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.
Investment Insights
Based on property information with market context.
This office building provides a flexible two-level layout that has been adapted for residential use while retaining potential for professional office occupancy. The 1,190-square-foot property includes two large carpeted second-floor rooms, a full bathroom, an updated kitchen, a lower-level entry, and a gas fireplace. Renovations completed in 2025 included the roof, siding, windows, drywall, carpeting, lighting, kitchen appliances, furnace, and central A/C.
The vinyl-sided building sits on a 49' x 111' lot with a paved front parking area and driveway. Rear space provides room for a private yard, additional parking, or other outdoor improvements. Public water serves the property, and heating is provided by forced air with natural gas.
The vinyl-sided building sits on a 49' x 111' lot with a paved front parking area and driveway. Rear space provides room for a private yard, additional parking, or other outdoor improvements. Public water serves the property, and heating is provided by forced air with natural gas.
Key Highlights
- 2025 renovations include roof, siding, windows, drywall, carpeting, lighting, furnace, central A/C, and kitchen appliances
- 1,190 square feet with a flexible office‑to‑residential layout
- Two large carpeted rooms and a full bathroom on the second floor
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
Mixed Use
$111.9K
$97.9K – $130.6K
NOI $7,833 @ 7.0% cap · market cap 3.13%
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Flexible layout supports professional office or residential use with updated systems, finishes, and appliances.
Where is this office building located?
The property is located at 430 Fairmount Avenue 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 renovations include roof, siding, windows, drywall, carpeting, lighting, furnace, central A/C, and kitchen appliances; 1,190 square feet with a flexible office‑to‑residential layout; Two large carpeted rooms and a full bathroom on the second floor
