Office Buildings with On-Site
For Sale
$1,500,000
95 & 99 E Chautauqua Street, Mayville, NY 14757
CommercialSale, Mayville, NY
Property Size6,948 SF
Lot Size1.03 Acres
Price / SF$215.89
Days on Market59
Property Features for 95 & 99 E Chautauqua Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
465
Zoning description
Commercial
Parking
46
Lot features
Irregular Lot
Elementary school district
Chautauqua Lake
Middle school district
Chautauqua Lake
High school district
Chautauqua Lake
Subdivision
Mayville-Village-062801
Standard status
Active
APN
062801-245-019-0003-017-000
Size
6,948 SF
Lot size
1.03 Acres
Taxes and HOA fees
Tax Annual Amount
41799
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1995
Floors in Building
2
Roof type
Flat
Listing Agency:
Century 21 Turner Brokers · Century 21 Real Estate
(716) 763-7506
Listed By:
Thomas Turner · License #10311200036
(716) 640-3912
Added: Jul 27
Changed: Sep 7
Last Checked: Sep 23 at 9:06AM
MLS# R1702125
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.
Investment Insights
Based on property information with market context.
The property encompasses 95 & 99 E. Chautauqua Street and includes 6,948 square feet of office and commercial building space on 1.0331 acres. Constructed in 1995, the improvements feature a flat roof and are served by public water and public sewer. The configuration supports professional office uses and other commercial functions within a sizable, established property.
Located in Mayville along a primary commercial corridor, the site offers access to nearby county offices, local businesses, Chautauqua Lake, and year-round attractions. On-site parking is available, adding practical convenience for occupants and visitors. The property is situated in Chautauqua County and carries zoning designation 465.
Located in Mayville along a primary commercial corridor, the site offers access to nearby county offices, local businesses, Chautauqua Lake, and year-round attractions. On-site parking is available, adding practical convenience for occupants and visitors. The property is situated in Chautauqua County and carries zoning designation 465.
Key Highlights
- 6,948 square feet of office and commercial building space
- 1.0331‑acre property at 95 & 99 E. Chautauqua Street
- Constructed in 1995 with a flat roof
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
234
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Professional and commercial space with public utilities and accessible on-site parking.
Where is this office building located?
The property is located at 95 & 99 E Chautauqua Street 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: 6,948 square feet of office and commercial building space; 1.0331‑acre property at 95 & 99 E. Chautauqua Street; Constructed in 1995 with a flat roof
