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    Fredonia Commercial/Industrial Building For Lease Title is generated by Realmo AI

    9491 Route 60, Fredonia, NY 14063

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    Pending
    $425,000 SF/Yr $245,366,666/Mo (calc)

    COMMERCIAL - Fredonia, NY

    Property size:
    6,928 SF
    Lot size:
    4.20 Acres
    Added:
    Feb 16, 2024
    Days on Market:
    820
    Last Refresh:
    May 16 at 8:06 pm

    Property Features for 9491 Route 60

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    I-2 Indst.
    Parking
    50
    Parking features
    Driveway
    Standard status
    Pending
    APN
    065889-131-017-0001-031-000
    Size
    6,928 SF
    Lot size
    4.20 Acres

    Taxes and HOA fees

    Tax Annual Amount
    13854

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air

    Building Details

    Year built
    1997
    Floors in Building
    1
    Building materials
    MetalSiding, Concrete
    Roof type
    Metal

    We can help!

    Listing Contact
    Catherine Brooks

    Listing agent Catherine Brooks License #10401218190

    Listing office Howard Hanna Holt - Mayville W Lake Rd, PO Box 174, Mayville, NY

    Listing date Feb 16, 2024

    MLS# R1521697

    Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime commercial/industrial location with a spacious 20,000 sq.ft. building.
    • Easy access: just 5 minutes to Interstate 90 and Rt. 20.
    • Updated with a new heating system (2023), roof metal replacement, interior updates, and 8 new overhead doors.
    • Updated three (3) phase electric.
    • Loading docks available.
    • Public water and sewer.

    Overview

    This 20,000 square foot building in Fredonia, NY, presents a business opportunity in a prime location. Suited for commercial or industrial use with I-2 Indst. zoning, the property features an updated three-phase electric system. The building has a new heating system installed in 2023, along with exterior metal and roof metal replacements. Interior updates include office painting. Loading docks and eight new overhead doors enhance the functionality of the space. Situated on a 4.2-acre lot, the property is in excellent condition and offers various opportunities. Public water and sewer services are available. The location is approximately five minutes from Interstate 90 and Route 20. The property size is 6,928 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Law Firm Building Supply Auto Repair Shop Gym & Fitness Center Auto Parts Store Food Market Clothing & Fashion Store (Bike/Boat/Book/etc) Store Daycare Center (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Fredonia
    County
    Chautauqua
    State
    New York
    Longitude
    -79.305293
    Latitude
    42.414346

    Nearby Similar for Lease

    • $595,000 SF/Yr
      3,900 SF

      Turnkey Restaurant in Downtown Fredonia

      Fully renovated restaurant property with indoor and outdoor seating.
      64 W Main Street, Fredonia, NY 14063
      View Details
    • $6 SF/Yr
      2,000 SF

      Retail Space Near SUNY Fredonia

      Retail space with high visibility and ample parking available for rent.
      10378 Rte 60, Fredonia, NY
      View Details

    FAQs

    What type of property is this?
    Industrial property - 20,000 SF commercial/industrial building with loading docks and updated features.
    Where is this industrial property located?
    The property is located at 9491 Route 60 Fredonia, NY.
    What is the lease rate?
    The lease rate is $425,000.
    What are key features of this property?
    This property features: Prime commercial/industrial location with a spacious 20,000 sq.ft. building.; Easy access: just 5 minutes to Interstate 90 and Rt. 20.; Updated with a new heating system (2023), roof metal replacement, interior updates, and 8 new overhead doors.
    (716) 665-7991
    We can help!
    Listing Contact
    Catherine Brooks
    Real Estate License ID: 10401218190
    Learn More
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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.

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