Fully Leased Jamestown Office
775 Fairmount Ave, Jamestown, NY 14701
Multi-tenanted office building for sale in Jamestown, New York.
Type:Office
Property size:
7,000 SFPrice / SF:
$185/SF- Added:
- Nov 15, 2024
- Days on Market:
- 552
- Last Refresh:
- Mar 17 at 1:14 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 agent Milton DeBoth License #10401278322
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
This is a 7,000 square foot multi-tenanted professional office building for sale. The property features a mix of professional tenants with triple net leases. It is a 5-unit property with a history of occupancy. The building is located in a visible location within an active trade area of the Jamestown market. The exterior is constructed of brick, and there are 35 parking spaces available. A new roof was installed in October of 2024. This property is suitable for investors seeking an income-producing asset.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$1.20M
NOI $108,234 @ 9.00% cap · cautious / downside scenario
Moderate
$1.55M
NOI $108,234 @ 7.00% cap · market / base-case scenario
Aggressive
$2.16M
NOI $108,234 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| 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 |
7,000 SF · lease $24.00/SF/yr · vacancy 14.10% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$1.55M
$1.35M – $1.80M
NOI $108,234 @ 7.0% cap · market cap 8.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.10M
$1.83M – $2.44M
NOI $146,664 @ 7.0% cap · market cap 11.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Paige Development Corporation
Construction Company
Location Insight
- Map
- Local Demand
- City
- Jamestown
- County
- Chautauqua
- State
- New York
- Longitude
- -79.2828574
- Latitude
- 42.0969453
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Multi-tenanted office building for sale in Jamestown, New York.
Where is this office building located?
The property is located at 775 Fairmount Ave Jamestown, NY.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Fully Leased 7,000 sq. ft Multi‑Tenanted Professional Office Building; Strong History of Occupancy; Triple Net Leases
