775 Fairmount Ave, Jamestown, NY 14701
Multi-tenanted office building for sale in Jamestown, New York.
- Added:
- Nov 15, 2024
- Days on Market:
- 598
- Last Refresh:
- May 12 at 10:06 pm
Property Features for 775 Fairmount Ave
General Information
- Standard status
- Active
- Size
- 7,000 SF
- Property subtype
- Office
Building Details
- Year Built
- 2001
Listing office Cushman & Wakefield Pyramid Brokerage Company - Buffalo, New York
Listing date Nov 15, 2024
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 Cushman & Wakefield Pyramid Brokerage Company - Buffalo, New York
HighLights
- Fully Leased 7,000 sq. ft Multi‑Tenanted Professional Office Building
- Strong History of Occupancy
- Triple Net Leases
- Brand New Roof Installed in October of 2024
- Ample Parking with 35 Spaces
- Low Maintenance Brick Exterior
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $168.0k | $24.00 |
| − Vacancy | −$23.7k | −$3.38 |
| EGI | $144.3k | $20.62 |
| − OpEx | −$36.1k | −$5.15 |
| NOI | $108.2k | $15.46 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Jamestown
- County
- Chautauqua
- State
- New York
- Longitude
- -79.2828574
- Latitude
- 42.0969453
