Mixed-Use Property with Flexible
For Sale
$549,900
600 FAIRMOUNT AVE, Jamestown, NY 14701
NB11 zoning supports a blend of retail, office, and commercial uses in a multi-level building.
Property Size5,928 SF
Price / SF$92.76
Days on Market8
Property Features for 600 FAIRMOUNT AVE
General Information
Standard status
Active
Size
5,928 SF
Total Parking Spaces
20
Property subtype
General Commercial
Zoning
NB11
Taxes and HOA fees
Annual Taxes
$9,750
Amenities
Gas
Concrete
Metal, Membrane, Rubber
20 Parking Spaces.
Rectangular
100X221
Rectangular.
Building Details
Year Built
1970
Stories
2
Listing Agency:
Lakewood
(716) 484-4040
Listed By:
Howard Hanna Holt
(716) 338-8781
Source:
Xome
Added: Aug 26
Changed: Sep 1
Last Checked: Sep 1 at 9:03PM
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 Lakewood
Investment Insights
Based on property information with market context.
This 5,928-square-foot mixed-use property, built in 1970, offers a two-level configuration with separate operating potential on the first floor and an open upper-level layout. Concrete and gas interior features are present, and the building sits on a rectangular 100-by-221-foot parcel.
The property is positioned along Fairmount Ave between Lakewood and Downtown Jamestown, approximately one mile from the Wegmans/Target Plaza. Paved on-site parking accommodates 20 vehicles. NB11 Neighborhood Business zoning supports retail, office, and other commercial uses. The adjacent 7-acre parcel may provide an opportunity to consider a larger combined development site, subject to applicable approvals.
The property is positioned along Fairmount Ave between Lakewood and Downtown Jamestown, approximately one mile from the Wegmans/Target Plaza. Paved on-site parking accommodates 20 vehicles. NB11 Neighborhood Business zoning supports retail, office, and other commercial uses. The adjacent 7-acre parcel may provide an opportunity to consider a larger combined development site, subject to applicable approvals.
Key Highlights
- 5,928 SF mixed‑use building on a 100X221 rectangular parcel
- NB11 Neighborhood Business zoning supports retail, office, and commercial uses
- First floor offers multi‑tenant capability
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
$39,022
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
7.10%
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%
$780,440
$780.4K
Cap Rate 7%
$557,457
$557.5K
Cap Rate 9%
$433,578
$433.6K
Market Conditions
NOI Build-Up for 5,928 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
$71.8K $12.12/SF
− Vacancy
−$9.4K −$1.59/SF
EGI
$62.4K $10.53/SF
− OpEx
−$23.4K −$3.95/SF
NOI
$39.0K $6.58/SF
Area
Chautauqua County, NY
Vacancy
13.10%
Lease Rate
$12.12 /SF/Yr
Expense Ratio
37.50%
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%
$780,440
Cap Rate 7%
$557,457
Cap Rate 9%
$433,578
Alternative Uses
Best Use
Office B
$1.31M
$1.15M – $1.53M
NOI $91,659 @ 7.0% cap · market cap 16.67%
Second Best
Retail
$1.04M
$909.4K – $1.21M
NOI $72,751 @ 7.0% cap · market cap 13.23%
Theoretical Best
Office A
$1.77M
$1.55M – $2.07M
NOI $124,203 @ 7.0% cap · market cap 22.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
272
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?
Mixed-use property - NB11 zoning supports a blend of retail, office, and commercial uses in a multi-level building.
Where is this mixed-use property located?
The property is located at 600 FAIRMOUNT AVE Jamestown, NY.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: 5,928 SF mixed‑use building on a 100X221 rectangular parcel; NB11 Neighborhood Business zoning supports retail, office, and commercial uses; First floor offers multi‑tenant capability
