85 Main Street, Randolph, NY 14772

Listing Agency: Realty ONE Group Empower Show Phone

Listed By: Kathleen M O'Neil · License NY #10401365207 Show Phone

Source: Nicholcityrealty

Added: Oct 30 Changed: Nov 7 Last Checked: Nov 8 at 5:23AM

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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 Realty ONE Group Empower

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Investment Insights

Based on property information with market context.

At 85 Main Street in Randolph, this 1,500-square-foot retail space has been renovated with new luxury vinyl plank flooring, a new bathroom, and a kitchenette. An electric fireplace with mantel adds an interior feature, while a mini-split system provides heating and air conditioning. Plumbing and electrical systems have also been updated.

A drive-through window and exterior vehicle path provide a separate service option for the property. The existing improvements and layout offer a ready framework for a retail or food-service business.

Key Highlights

• 1,500 square feet of retail space
• Drive‑through window with an exterior vehicle path
• New bathroom and kitchenette

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$19,400

Cap Rate

7.76%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$388,000 $388.0K

Cap Rate 7%

$277,143 $277.1K

Cap Rate 9%

$215,556 $215.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,500 SF

Gross rent

$27.0K $18.00/SF

− Vacancy

−$1.1K −$0.76/SF

EGI

$25.9K $17.24/SF

− OpEx

−$6.5K −$4.31/SF

NOI

$19.4K $12.93/SF

Area

Cattaraugus County, NY

Vacancy

4.20%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$388,000

Cap Rate 7%

$277,143

Cap Rate 9%

$215,556

Alternative Uses

Best Use

Specialty Retail

$277.1K

$242.5K – $323.3K (±1% cap)

NOI $19,400 @ 7.0% cap · market cap 7.76%

Second Best

Retail

$194.4K

$170.1K – $226.8K (±1% cap)

NOI $13,608 @ 7.0% cap · market cap 5.45%

Theoretical Best

Healthcare Medical

$296.5K

$259.4K – $345.9K (±1% cap)

NOI $20,752 @ 7.0% cap · market cap 8.30%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Building Supply Restaurant Hair Salon Nail Salon Spa & Massage Center Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4

Businesses Nearby

Explore this area Business Placement

Demographics for 14772, NY

4,141

Population

1,936

Households

2.1

Avg Household Size

41

Median Age

24%

College-Educated

87%

High-School Grad

76.6 sq mi

ZIP Area

54

Density / Sq Mi

$78,393

Median Household Income

$43,156

Median Earnings

$682

Median Rent

$112,800

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Frequently Asked Questions

What type of property is this?

Retail space - A dedicated exterior vehicle route connects to the service window for customer pickup.

Where is this retail space located?

The property is located at 85 Main Street Randolph, NY.

What is the asking price?

The asking price for this property is $249,900.

What are key features of this property?

This property features: 1,500 square feet of retail space; Drive‑through window with an exterior vehicle path; New bathroom and kitchenette