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    Industrial Facility with Recent Upgrades Title is generated by Realmo AI

    7167 Route 353, Cattaraugus, NY 14719

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    Industrial property suitable for manufacturing, warehousing, or cannabis production.

    Type:Industrial
    Property size:
    18,600 SF
    Lot size:
    18.00 Acres
    Added:
    Apr 27, 2026
    Days on Market:
    33
    Last Refresh:
    May 8 at 5:28 am

    Property Features for 7167 Route 353

    General Information

    Standard status
    Active
    Size
    18,600 SF
    Lot size
    18.00 Acres
    Property subtype
    Industrial

    Spaces For Lease

    at 7167 Route 353 Contact us

    We can help!

    Listing Contact
    Paula Blanchard
    Paula Blanchard

    Listing agent Paula Blanchard License #NY 40BL1049472

    Listing office Hanna Commercial Real Estate Buffalo

    Listing date Apr 27, 2026

    Source Crexi

    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 Hanna Commercial Real Estate Buffalo

    HighLights

    • 18,600 sq ft clear span industrial space on 18 acres, zoned industrial.
    • High power capacity: 1,000 amps / 440 volts / 3‑phase power.
    • Recent improvements including new roof, foam‑insulated metal siding, LED lighting, new gas line, and alarm camera system.
    • Includes 2,500 sq ft of office space, 2 loading docks (one with leveler), and 4 grade‑level drive‑in doors.
    • High ceilings (20‑30 ft) and 30‑foot wide column spacing.
    • Gated entrance and fully sprinklered.

    Overview

    This industrial property, situated on 18 acres zoned for industrial use, features a gated entrance and is suitable for light manufacturing, warehousing, cannabis production, and assembly. The building includes 2,500 sq ft of office space and 18,600 sq ft of clear span area with 30-foot wide column spacing and 20-30 foot ceiling heights. It benefits from a high-volume air-rotation heating system and is fully sprinklered. Electrical capacity includes 1,000 amps at 440 volts with 3-phase power. Recent improvements include energy-efficient LED lighting, a new main gas line, paved entrance road, and an alarm camera system, as well as a new furnace in the offices. The property has a new roof and foam-insulated metal siding. It features four new grade-level drive-in doors and two loading docks, one with a leveler. A tenant occupies a 7,000 sq ft metal out-building. Utilities available on site include gas, electric, public water, septic, phone, and data. A Phase 1 ESA is available.
    Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Big Box & Wholesale Store Auto Repair Shop Food Market Storage Facility Grocery & Convenience Store Nursing Home

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cattaraugus
    County
    Cattaraugus
    State
    New York
    Longitude
    -78.8727767
    Latitude
    42.3124855

    FAQs

    What type of property is this?
    Manufacturing property - Industrial property suitable for manufacturing, warehousing, or cannabis production.
    Where is this manufacturing property located?
    The property is located at 7167 Route 353 Cattaraugus, NY.
    What is the lease rate?
    The lease rate is $3 SF/Yr.
    What are key features of this property?
    This property features: 18,600 sq ft clear span industrial space on 18 acres, zoned industrial.; High power capacity: 1,000 amps / 440 volts / 3‑phase power.; Recent improvements including new roof, foam‑insulated metal siding, LED lighting, new gas line, and alarm camera system.
    (716) 856-7107 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Paula Blanchard
    Paula Blanchard
    Real Estate License ID: NY 40BL1049472
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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