For Sale
$399,000
816 Foote Avenue, Jamestown, NY 14701
COMMERCIAL - Jamestown, NY
Property Size3,311 SF
Lot Size1.00 Acre
Price / SF$120.51
Days on Market11
Property Features for 816 Foote Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-2
Zoning description
Commercial
Parking
30
Lot features
Rectangular, Rectangular Lot
Elementary school
Milton J Fletcher Elementary
Middle school
Jefferson Middle
High school
Jamestown High
Elementary school district
Jamestown
Middle school district
Jamestown
High school district
Jamestown
Directions
From downtown Jamestown - Foote Avenue going south, just past Southside Plaza.
Subdivision
Jamestown-City-060800
Standard status
Active
APN
060800-404-008-0005-011-000
Size
3,311 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Annual Amount
12469
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1950
Floors in Building
2
Roof type
Shingle, Composition
Listing Agency:
Howard Hanna Holt - Lakewood
(716) 484-4040
Listed By:
Melissa Uber · License #10401243043
(716) 338-8781
Added: Aug 10
Changed: Aug 19
Last Checked: Aug 20 at 5:06AM
MLS# R1705639
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.
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
$25,067
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
6.28%
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%
$501,340
$501.3K
Cap Rate 7%
$358,100
$358.1K
Cap Rate 9%
$278,522
$278.5K
Market Conditions
NOI Build-Up for 3,311 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
$52.4K $15.84/SF
− Vacancy
−$6.9K −$2.08/SF
EGI
$45.6K $13.76/SF
− OpEx
−$20.5K −$6.19/SF
NOI
$25.1K $7.57/SF
Area
Chautauqua County, NY
Vacancy
13.10%
Lease Rate
$15.84 /SF/Yr
Expense Ratio
45.00%
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%
$501,340
Cap Rate 7%
$358,100
Cap Rate 9%
$278,522
Alternative Uses
Best Use
Specialty Retail
$621.9K
$544.2K – $725.6K
NOI $43,536 @ 7.0% cap · market cap 10.91%
Second Best
Apartment 5plus
$358.1K
$313.3K – $417.8K
NOI $25,067 @ 7.0% cap · market cap 6.28%
Theoretical Best
Office A
$991.0K
$867.2K – $1.16M
NOI $69,372 @ 7.0% cap · market cap 17.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
263
Businesses Nearby
137k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 39%
Dining 38%
Groceries 17%
Home Improvements & Furnishings 4%
Tops Friendly Markets
Groceries
23,409 visits/mo
0.1 miles
McDonald's
Dining
22,328 visits/mo
0.2 miles
Dollar Tree
Shops & Services
13,304 visits/mo
0.2 miles
Dollar General
Shops & Services
13,180 visits/mo
0.1 miles
Burger King
Dining
12,696 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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
Where is this mixed-use property located?
The property is located at 816 Foote Avenue Jamestown, NY.
What is the asking price?
The asking price for this property is $399,000.
