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    13700 Olean Rd Yorkshire, NY 14030
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    13700 Olean Rd Yorkshire, NY 14030

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    • Industrial properties
    • 49,000 SF
    • 77.20 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 13700 Olean Rd

    Year built
    2017
    Lot size
    77.20 lot acres
    Property size
    49,000 SF
    Property type
    Industrial properties
    Property subtype
    Flex space

    Description

    This exceptional industrial portfolio in Chaffee, NY, offers a compelling investment opportunity. The property encompasses three buildings totaling over 49,000 square feet, situated on a substantial 77.2-acre parcel. The main building, exceeding 24,000 square feet, boasts a flexible design ideal for manufacturing or distribution, featuring 8-inch concrete radiant heated floors, a 60-foot clear span, and a 16-foot ceiling height with an insulated finished metal grid. Two additional buildings, each over 12,500 square feet, provide ample space for various operational needs. One of these buildings includes a drive-in door and a dock. The property benefits from four drive-in doors and two dock-high doors, ensuring efficient loading and unloading. A newly paved parking lot provides ample space. The site is zoned BL: Commercial Business & Light Manufacturing, allowing for diverse uses. Utilities include low Arcade electric rates with 400 AMP, 3-phase electrical service, and a substantial well water capacity of 1.3 million gallons per day. Conveniently located at 13700 Olean Road (formerly TriCounty Road), off Route 16, this property offers easy access to Yorkshire and Arcade, NY. Built in 2017, this property presents a rare opportunity to acquire a well-maintained, versatile industrial complex with significant expansion potential. The property is located in Cattaraugus County and has a two-story configuration.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Yorkshire
    County
    Cattaraugus
    State
    New York
    Longitude
    -78.4786
    Latitude
    42.5311

    Comparable in this City

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    • Value Estimation
      $745,000
      51,725 SF

      12290 Olean Rd

      MANUFACTURING (LIGHT) • 51,725 SF
      12290 Olean Rd, Chaffee, NY 14030-9767
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    • Value Estimation
      $795,000
      13,300 SF

      12520 Olean Rd

      LUMBERYARD, BUILDING MATERIALS • 13,300 SF
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    • Value Estimation
      $530,000
      13,284 SF

      13990 Schutt Rd

      LUMBERYARD, BUILDING MATERIALS • 13,284 SF
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    • Value Estimation by Request
      6,600 SF

      13990 Schutt Rd

      LUMBERYARD, BUILDING MATERIALS • 6,600 SF
      13990 Schutt Rd, Chaffee, NY 14030-9763
      View Details
    • Value Estimation by Request
      1.00 Acre

      K St

      WAREHOUSE, STORAGE • 1.00 Acre
      K St, Chaffee, NY 14030
      View Details

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    • $4 SF/Yr
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    13700 Olean Rd
    Yorkshire, NY 14030
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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.

    More about this property
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