Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    High-Visibility Commercial Property on Acre Title is generated by Realmo AI

    9379 Route 16, Machias, NY 14101

    View on Map
    Claim this Listing
    For Sale
    $270,000

    Well-maintained commercial property on approximately 1 acre with parking.

    Type:Commercial
    Property size:
    1,792 SF
    Lot size:
    1.00 Acre
    Price / SF:
    $150/SF
    Added:
    May 9, 2026
    Days on Market:
    20
    Last Refresh:
    May 9 at 1:22 am

    Property Features for 9379 Route 16

    General Information

    Standard status
    Active
    Size
    1,792 SF
    Lot size
    1.00 Acre
    Property subtype
    Commercial

    Building Details

    Year Built
    1978

    We can help!

    Listing Contact
    David L Zilker
    David L Zilker

    Listing agent David L Zilker

    Listing office ERA Team VP Real Estate - Arcade

    Listing date May 9, 2026

    Source Elliman

    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 ERA Team VP Real Estate - Arcade

    HighLights

    • High‑visibility, high‑traffic location on approximately 1 acre.
    • Flexible 1,792 sq ft ranch‑style building suitable for various business uses.
    • Ample parking area accommodating approximately 20 vehicles.
    • Updated interior providing a functional and welcoming space.
    • Partial basement (30' x 50') with bilco door access for additional storage.
    • Natural gas, hot water baseboard heat, and air conditioning.

    Overview

    This commercial property is situated on approximately 1 acre along a high-visibility, high-traffic corridor. The 1,792 square foot ranch-style building offers a flexible layout suitable for a variety of business uses. The interior has been updated in recent years, providing a functional and welcoming space. Features include multiple spacious rooms, a large office area, a half bath, and a dedicated laundry room. The property also includes a partial basement (approximately 30' x 50') with bilco door access, offering additional storage or utility space. Utilities include well and septic, natural gas, hot water baseboard heat, and air conditioning. Electric service is supported by two panels (100 amp and 150 amp). The asphalt roof was updated in 2014. Exterior highlights include a sizable parking area accommodating approximately 20 vehicles, providing ease of access for a variety of potential uses.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $209.7K
    NOI $18,870 @ 9.00% cap · cautious / downside scenario
    Moderate
    $269.6K
    NOI $18,870 @ 7.00% cap · market / base-case scenario
    Aggressive
    $377.4K
    NOI $18,870 @ 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 $32.3k $18.00
    − Vacancy −$7.1k −$3.96
    EGI $25.2k $14.04
    − OpEx −$6.3k −$3.51
    NOI $18.9k $10.53
    1,792 SF · lease $18.00/SF/yr · vacancy 22.00% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $269.6K
    $235.9K – $314.5K (±1% cap)
    NOI $18,870 @ 7.0% cap · market cap 6.99%
    Second Best
    Retail
    $232.2K
    $203.2K – $271.0K (±1% cap)
    NOI $16,257 @ 7.0% cap · market cap 6.02%
    Theoretical Best
    Healthcare Medical
    $354.2K
    $309.9K – $413.2K (±1% cap)
    NOI $24,792 @ 7.0% cap · market cap 9.18%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Auto Repair Shop Department Store Skin Care Clinic Food Market Storage Facility Cafe & Coffee Shop Veterinary Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Machias
    County
    Cattaraugus
    State
    New York
    Longitude
    -78.4897968
    Latitude
    42.4065434

    Nearby Similar for Sale

    • $129,000
      2,208 SF

      Route 16 Commercial Building

      Commercial building on Route 16 in Lime Lake Cottage District.
      NYS Rte 16 Main St, Machias, NY 14101
      View Details
    • $129,000
      2,208 SF

      Route 16 Commercial Building

      Commercial building on Route 16 in Lime Lake Cottage District.
      NYS Rte 16 Main St, Machias, NY 14101
      View Details
    • $546,000

      Heavily Wooded Land in Machias

      182 acres of wooded land with road frontage.
      8154 S Canada Hill Rd, Machias, NY 14101
      View Details
    • $135,000

      Former Convenience Store on Route 16

      1,280 sq ft building on 2.02 acres in Lime Lake.
      9971 Route 16, Machias, NY 14042
      View Details
    • $75,000
      1,672 SF

      Machias Flex Space with Garages

      Flex space with garages in the center of town.
      9712 Main Street, Machias, NY 14101
      View Details
    • $135,000
      1,280 SF

      Lime Lake Former Convenience Store

      1,280 SF building on 2.02 acres in Lime Lake.
      9971 Route 16, Machias, NY 14042
      View Details

    FAQs

    What type of property is this?
    Commercial land - Well-maintained commercial property on approximately 1 acre with parking.
    Where is this commercial land located?
    The property is located at 9379 Route 16 Machias, NY.
    What is the asking price?
    The asking price for this property is $270,000.
    What are key features of this property?
    This property features: High‑visibility, high‑traffic location on approximately 1 acre.; Flexible 1,792 sq ft ranch‑style building suitable for various business uses.; Ample parking area accommodating approximately 20 vehicles.
    (716) 474-5859
    We can help!
    Listing Contact
    David L Zilker
    David L Zilker
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    9379 Route 16, Machias, NY 14101
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!