Multi-Tenant Flex
New
For Sale
$549,900
600 Fairmount Avenue, Jamestown, NY 14701
CommercialSale, Jamestown, NY
Property Size5,928 SF
Lot Size0.51 Acres
Price / SF$92.76
Days on Market5
Property Features for 600 Fairmount Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
NB
Zoning description
Business
Rooms
Basement
Parking
20
Parking features
Paved or Surfaced
Subdivision
Rose Gdn Ter Allotment
Lot features
Rectangular, Rectangular Lot
Elementary school
Southwestern Elementary
Middle school
Southwestern Middle
High school
Southwestern Senior High
Elementary school district
Southwestern
Middle school district
Southwestern
High school district
Southwestern
Standard status
Active
APN
063889-386-007-0007-043-000
Size
5,928 SF
Lot size
0.51 Acres
Taxes and HOA fees
Tax Annual Amount
9750
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central
Cooling system
Central Air
Building Details
Year built
1970
Floors in Building
2
Flooring type
Linoleum, Carpet, Vinyl, Concrete
Building materials
AtticCrawlHatchwaysInsulated, Block, Frame, Concrete
Roof type
Metal, Rubber, Membrane
Listing Agency:
Howard Hanna Holt - Lakewood
(716) 484-4040
Listed By:
Melissa Uber · License #10401243043
(716) 338-8781
Added: Aug 28
Changed: Aug 31
Last Checked: Sep 1 at 12:06AM
MLS# R1711129
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 5,928-square-foot flex property occupies 0.51 acres and offers a two-level configuration suited to varied commercial layouts. The first floor can accommodate multiple tenant areas, while the upper level provides an open-plan footprint. Construction includes block, frame, and concrete components, with linoleum, carpet, vinyl, and concrete flooring across the building. Central heating and cooling are served by natural gas and central air systems.
The property is positioned along a commercial corridor between Lakewood and Downtown Jamestown, approximately one mile from Wegmans/Target Plaza. Paved on-site parking provides 20 vehicle spaces. Built in 1970, the building also includes a basement, public sewer service, and a combination metal, rubber, and membrane roof system.
The property is positioned along a commercial corridor between Lakewood and Downtown Jamestown, approximately one mile from Wegmans/Target Plaza. Paved on-site parking provides 20 vehicle spaces. Built in 1970, the building also includes a basement, public sewer service, and a combination metal, rubber, and membrane roof system.
Key Highlights
- 5,928‑square‑foot flex building on 0.51 acres
- Two‑level layout with multi‑tenant capability on the first floor
- Open floor plan on the upper level
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
$36,663
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
6.67%
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%
$733,260
$733.3K
Cap Rate 7%
$523,757
$523.8K
Cap Rate 9%
$407,367
$407.4K
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
$56.2K $9.48/SF
− Vacancy
−$3.8K −$0.64/SF
EGI
$52.4K $8.84/SF
− OpEx
−$15.7K −$2.65/SF
NOI
$36.7K $6.18/SF
Area
Chautauqua County, NY
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
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%
$733,260
Cap Rate 7%
$523,757
Cap Rate 9%
$407,367
Alternative Uses
Best Use
Flex RnD
$737.2K
$645.0K – $860.0K
NOI $51,602 @ 7.0% cap · market cap 9.38%
Second Best
Industrial
$523.8K
$458.3K – $611.1K
NOI $36,663 @ 7.0% cap · market cap 6.67%
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
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
272
Businesses Nearby
Under-served
Demand for This Use
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 Industrial 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?
Flex space - Two-level commercial building with adaptable floor layouts, paved parking, and access to a major commercial corridor.
Where is this flex space located?
The property is located at 600 Fairmount Avenue 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 flex building on 0.51 acres; Two‑level layout with multi‑tenant capability on the first floor; Open floor plan on the upper level
