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    1351 Main St Jamestown, NY 14701
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    1351 Main St Jamestown, NY 14701

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    • Specialty properties
    • 8,648 SF
    • 2.28 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 1351 Main St

    Lot size
    2.28 lot acres
    Property size
    8,648 SF
    Property type
    Specialty properties
    Property subtype
    Land

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Jamestown
    County
    Chautauqua
    State
    New York
    Longitude
    -79.2412
    Latitude
    42.1182

    Comparable in this City

    • Value Estimation by Request
      73,014 SF

      310-322 3Rd St

      Land • 73,014 SF
      310-322 3Rd St, Jamestown, NY 14701
      View Details
    • Value Estimation by Request
      1.80 Acres

      111-117 Cheney St

      Specialty properties • 82,552 SF
      111-117 Cheney St, Jamestown, NY 14701
      View Details
    • Value Estimation by Request
      0.23 Acres

      200-206 Main St

      Land • 37,825 SF
      200-206 Main St, Jamestown, NY 14701
      View Details
    • Value Estimation by Request
      24,768 SF

      13-23 3Rd St

      Land • 24,768 SF
      13-23 3Rd St, Jamestown, NY 14701
      View Details
    • Value Estimation by Request

      1414 2Nd St

      Land
      1414 2Nd St, Jamestown, NY 14701
      View Details
    • Value Estimation by Request
      0.01 Acres

      Jamestown, NY 14701

      SBE - SPECIAL ASSESSMENTS • 0.01 Acres
      Jamestown, NY 14701
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Land For Sale Jamestown, NY

      2.12 acre land available in Jamestown, New York.
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    • Contact for pricing
      14,605 SF

      Redevelopment Opportunity on Corner Lot

      Former Rite Aid property on a 1.54-acre corner lot.
      811 N Main St, Jamestown, NY 14701
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    • $37,000
      Pending

      13.37 Acres of Land

      13.37 acres of land available in Jamestown, New York.
      East Virginia Blvd, Jamestown, NY 14701
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    • $37,000
      Pending

      13.37 Acres of Land

      13.37 acres of land for sale in Jamestown, NY.
      E Virginia Blvd, Jamestown, NY 14701
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr

      Office Space For Rent

      Office spaces available, various sizes, tenant pays utilities.
      310 E 3Rd St, Jamestown, NY 14701
      View Details
    • $1,000 /Mo
      5,600 SF

      Prime Corner Office Space Available

      Office/professional space for rent on a highly visible corner.
      15 Dunham Ave, Jamestown, NY 14701
      View Details
    • $6 SF/Yr
      1,430 SF

      Downtown Storefront in Jamestown, NY

      1430 sq ft storefront/office space for lease in Jamestown.
      13-21 E 3Rd St, Jamestown, NY 14701
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    • Contact for pricing
      6,746 SF

      Jamestown Retail Space Available

      Retail space available for rent in Jamestown, New York.
      295 E Fairmount Ave, Jamestown, NY 14701
      View Details
    • $12 SF/Yr

      Professional Office Space For Lease

      Office space for lease with exposure, signage, and parking.
      513-517 W 5Th St, Jamestown, NY 14701
      View Details
    • Contact for pricing

      Historic Fenton Building Office Space

      37,400 SF office building in Downtown Jamestown.
      2-6 East 2Nd St, Jamestown, NY 14701
      View Details
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    Jamestown, NY 14701
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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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