Office Units with Flexible
For Sale
Contact for pricing
513-517 W 5th Street W, Jamestown, NY 14701
Two configurable professional spaces include private offices, reception areas, kitchens, and basement access.
Property Size1,943 SF
Price / SF$0.01
Days on Market53
Property Features for 513-517 W 5th Street W
General Information
Standard status
Active
Size
1,943 SF
Additional Details
Office Units
2
Building Details
Tenancy
Multi
Listing Agency:
Century 21 Turner Brokers
(716) 763-7506
Listed By:
Thomas Turner · License #10311200036
(716) 640-3912
Source:
Nicholcityrealty
Added: Aug 26
Changed: Oct 9
Last Checked: Oct 16 at 8:31AM
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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Investment Insights
Based on property information with market context.
This office property comprises two suites that can operate independently or be combined into approximately 4,433 square feet. The first suite contains approximately 1,943 square feet with four private offices, an open work area, reception space with front-window exposure, and a kitchenette. The second offers approximately 2,490 square feet, seven private offices, a private restroom, and a kitchen. Both suites connect directly to the basement, providing additional areas for storage, records, inventory, or recreational use.
The building is a secure, multi-tenant property with parking behind the building and additional unmetered on-street parking. The configuration supports professional, medical, counseling, administrative, and service-oriented office operations.
The building is a secure, multi-tenant property with parking behind the building and additional unmetered on-street parking. The configuration supports professional, medical, counseling, administrative, and service-oriented office operations.
Key Highlights
- Two suites can be leased separately or combined into approximately 4,433 square feet
- Suite 1 measures approximately 1,943 square feet with four private offices and an open work area
- Suite 2 includes approximately 2,490 square feet and seven private offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,043
Suggested Prices Based on Cap Rates
Cap Rate 5%
$600,860
$600.9K
Cap Rate 7%
$429,186
$429.2K
Cap Rate 9%
$333,811
$333.8K
Market Conditions
NOI Build-Up for 1,943 SF
Gross rent
$46.6K $24.00/SF
− Vacancy
−$6.6K −$3.38/SF
EGI
$40.1K $20.62/SF
− OpEx
−$10.0K −$5.15/SF
NOI
$30.0K $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%
$600,860
Cap Rate 7%
$429,186
Cap Rate 9%
$333,811
Alternative Uses
Best Use
Office B
$429.2K
$375.5K – $500.7K
NOI $30,043 @ 7.0% cap · market cap 300,430.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$581.6K
$508.9K – $678.5K
NOI $40,710 @ 7.0% cap · market cap 407,100.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,409
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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - Two configurable professional spaces include private offices, reception areas, kitchens, and basement access.
Where is this office units located?
The property is located at 513-517 W 5th Street W Jamestown, NY.
What are key features of this property?
This property features: Two suites can be leased separately or combined into approximately 4,433 square feet; Suite 1 measures approximately 1,943 square feet with four private offices and an open work area; Suite 2 includes approximately 2,490 square feet and seven private offices
