Neighborhood Business Mixed-Use
New
For Sale
$549,900
600 Fairmount Ave, Jamestown, NY 14701
Flexible commercial building with retail, office, and multi-tenant use potential under NB11 zoning.
Property Size5,928 SF
Price / SF$92.76
Days on Market2
Property Features for 600 Fairmount Ave
General Information
Standard status
Active
Size
5,928 SF
Building Details
Year Built
1970
Listing Agency:
Howard Hanna Holt - Lakewood
Listed By:
Melissa Uber · License #10401243043
(716) 338-8781
Source:
Skinnercnyrealty
Added: Sep 15
Last Checked: Sep 15 at 2:45PM
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 Howard Hanna Holt - Lakewood
Investment Insights
Based on property information with market context.
This 5,928-square-foot mixed-use property, built in 1970, offers a flexible commercial configuration. The first floor can accommodate multiple tenants, while the upper level provides an open floor plan. NB11 Neighborhood Business zoning supports a range of retail, office, and commercial uses.
The property is located on Fairmount Ave between Lakewood and Downtown Jamestown, approximately one mile from the Wegmans/Target Plaza. Dedicated paved parking provides space for 20 vehicles. The site may also be considered with the adjacent 7 acres for expanded development, subject to applicable approvals and terms.
The property is located on Fairmount Ave between Lakewood and Downtown Jamestown, approximately one mile from the Wegmans/Target Plaza. Dedicated paved parking provides space for 20 vehicles. The site may also be considered with the adjacent 7 acres for expanded development, subject to applicable approvals and terms.
Key Highlights
- 5,928‑square‑foot mixed‑use property built in 1970
- NB11 Neighborhood Business zoning supports retail, office, and commercial uses
- First floor configured for potential multi‑tenant occupancy
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
Retail
$1.04M
$909.4K – $1.21M
NOI $72,751 @ 7.0% cap · market cap 13.23%
Second Best
Mixed Use
$557.5K
$487.8K – $650.4K
NOI $39,022 @ 7.0% cap · market cap 7.10%
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
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
272
Businesses Nearby
57k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 55%
Shops & Services 31%
Electronics 8%
Dining 5%
Runnings
Apparel
31,626 visits/mo
0.3 miles
Kwik Fill
Shops & Services
11,901 visits/mo
0.3 miles
AT&T
Electronics
4,455 visits/mo
0.3 miles
SUBWAY
Dining
2,610 visits/mo
0.4 miles
Sam's Club Gas Station
Shops & Services
2,348 visits/mo
0.3 miles
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible commercial building with retail, office, and multi-tenant use potential under NB11 zoning.
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‑square‑foot mixed‑use property built in 1970; NB11 Neighborhood Business zoning supports retail, office, and commercial uses; First floor configured for potential multi‑tenant occupancy
