Medical Office
For Sale
Contact for pricing
95 & 99 E Chautauqua St, Mayville, NY 14757
Two addresses combine professional office and commercial space with on-site parking.
Property Size6,948 SF
Lot Size1.03 Acres
Price / SF$215.89
Days on Market18
Property Features for 95 & 99 E Chautauqua St
General Information
Standard status
Active
Size
6,948 SF
Lot size
1.03 Acres
Property subtype
Special Purpose
Listing Agency:
CENTURY 21 Turner Brokers
(716) 640-3912
Listed By:
Thomas Turner · License #10311200036
Source:
Crexi
Added: Aug 14
Changed: Aug 31
Last Checked: Aug 31 at 12:11AM
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 CENTURY 21 Turner Brokers
Investment Insights
Based on property information with market context.
This medical office offering spans 1.03 acres and includes approximately 6,948 square feet of building space across 95 and 99 E Chautauqua Street. The improvements combine professional office and commercial areas, providing a multi-building configuration for medical or related office operations.
The property sits along a primary commercial corridor in Mayville with convenient access and on-site parking. Chautauqua Lake, county offices, local businesses, and year-round attractions are located nearby, adding established commercial and civic context to the setting.
The property sits along a primary commercial corridor in Mayville with convenient access and on-site parking. Chautauqua Lake, county offices, local businesses, and year-round attractions are located nearby, adding established commercial and civic context to the setting.
Key Highlights
- Approximately 6,948 square feet of building space
- 1.03‑acre property spanning 95 and 99 E Chautauqua Street
- Medical office classification with professional office and commercial space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$109,181
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.28%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,183,620
$2.2M
Cap Rate 7%
$1,559,729
$1.6M
Cap Rate 9%
$1,213,122
$1.2M
Market Conditions
NOI Build-Up for 6,948 SF
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.
Gross rent
$208.4K $30.00/SF
− Vacancy
−$26.5K −$3.81/SF
EGI
$182.0K $26.19/SF
− OpEx
−$72.8K −$10.48/SF
NOI
$109.2K $15.71/SF
Area
Chautauqua County, NY
Vacancy
12.70%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,183,620
Cap Rate 7%
$1,559,729
Cap Rate 9%
$1,213,122
Alternative Uses
Best Use
Healthcare Medical
$1.56M
$1.36M – $1.82M
NOI $109,181 @ 7.0% cap · market cap 7.28%
Second Best
Office B
$1.53M
$1.34M – $1.79M
NOI $107,430 @ 7.0% cap · market cap 7.16%
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M
NOI $145,574 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
212
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 14757, NY
3,072
Population
2,181
Households
1.4
Avg Household Size
47
Median Age
37%
College-Educated
93%
High-School Grad
43.7 sq mi
ZIP Area
70
Density / Sq Mi
$63,542
Median Household Income
$40,042
Median Earnings
$677
Median Rent
$179,400
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Two addresses combine professional office and commercial space with on-site parking.
Where is this medical office space located?
The property is located at 95 & 99 E Chautauqua St Mayville, 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: Approximately 6,948 square feet of building space; 1.03‑acre property spanning 95 and 99 E Chautauqua Street; Medical office classification with professional office and commercial space
