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    1316 Pit Rd Java Center, NY 14082

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    For Sale
    Contact for pricing

    Five buildings, nineteen cabins, prime location.

    Property size:
    19,494 SF

    Property Features for 1316 Pit Rd

    General Information

    Property type
    Farms
    Square Feet
    19,494 SF
    Lot Size
    5,227,200 SF

    Building Details

    Year Built
    1930
    Buildings
    5
    Stories
    1

    We can help!

    Listing Contact
    Heidi Nuessle
    Heidi Nuessle

    Listing Agency: HUNT Commercial Listing Agent: Heidi Nuessle

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 120-acre property, located at 1316 Pit Road in Java Center, New York (zip code 14082), presents a unique investment opportunity. Situated on the south side of Pit Road, west of Cattaraugus Road, this expansive land parcel is zoned for both residential and agricultural use. The property boasts five primary buildings and nineteen individual cabins, offering significant potential for a variety of uses. Built in 1930, the structures are situated on a 19,494 square foot lot. The property's expansive acreage provides ample space for a multitude of ventures, including retreats, hunting excursions, outdoor events, weddings, corporate functions, or simply a private escape. On-site parking is available. The property's location in Wyoming County, New York, offers a tranquil setting while remaining accessible. This versatile property is ideal for both business and personal use, presenting a rare opportunity to acquire a substantial land holding with existing infrastructure. The asking price for this remarkable property is $1,500,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Auto Parts Store Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Java Center
    County
    Wyoming
    State
    New York
    Longitude
    -78.3785343
    Latitude
    42.6554524

    Nearby Similar for Sale

    • New
      $325,000
      5,084 SF

      Turnkey Bar & Restaurant Opportunity

      Fully operational bar and restaurant with rental income potential.
      1447 Route 78, Java Center, NY 14082
      View Details

    FAQs

    What type of property is this?
    Farm - Five buildings, nineteen cabins, prime location.
    Where is this farm located?
    The property is located at 1316 Pit Rd Java Center, NY.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Camp with 19 cabins and 5 buildings.; 118.67 acres of land.; On-site parking.
    (716) 880-1917 Call to check price and availability
    Request Owner's contact information
    1316 Pit Rd Java Center, NY 14082
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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.

    More about this property
    1316 Pit Rd Java Center, NY 14082
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Heidi Nuessle
    Heidi Nuessle
    Real Estate License ID: 10301212311
    (716) 880-1917 (716) 983-3202 (716) 854-5943
    Learn more
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