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    658 Main St Arc Arcade, NY 14009
    Property profile & analytics

    658 Main St Arc, Arcade, NY 14009

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    • Retail properties & Spaces
    • 65,915 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 658 Main St Arc

    Property type
    Retail properties & Spaces
    Property subtype
    Individual retail properties

    Description

    This 65,915-square-foot power center in Arcade, NY, offers a unique opportunity for retailers. Anchored by a Tops Friendly Markets grocery store and boasting strong co-tenancy, this center features a highly visible location on West Main Street, near the intersection of Edward Street. The property benefits from a signalized entrance, ample parking, and a large pylon sign, ensuring maximum exposure. Currently, 34,752 square feet of retail space is available, divisible into units as small as 4,003 square feet, with a maximum contiguous space of 23,522 square feet. End-cap units are available. Located in the heart of Arcade, this shopping center is the dominant retail destination within a 10-mile radius, providing excellent access to a substantial customer base. The property is situated in Wyoming County, New York, approximately 40 miles southeast of Buffalo, NY, and conveniently located at 658 W Main St, Arcade, NY 14009. This is an exceptional opportunity to establish or expand your retail presence in a thriving community. The available space offers high visibility and strong potential for success.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Arcade
    County
    Wyoming
    State
    New York
    Longitude
    -78.4466
    Latitude
    42.5311

    Comparable in this City

    • Value Estimation by Request
      4,800 SF

      20 Steele Ave

      GYM, HEALTH SPA
      20 Steele Ave, Arcade, NY 14009-1014
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    • Value Estimation by Request
      2,160 SF

      604 Main St

      FINANCIAL BUILDING
      604 Main St, Arcade, NY 14009-1037
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    • Value Estimation by Request
      5,568 SF

      15 Liberty St

      SHOW ROOM, WAREHOUSE
      15 Liberty St, Arcade, NY 14009-1401
      View Details
    • Value Estimation
      $935,000
      28,000 SF

      590 Main St

      GROCERY, SUPERMARKET
      590 Main St, Arcade, NY 14009-1036
      View Details
    • Value Estimation
      $2,955,000
      63,556 SF

      658 Main St

      GROCERY, SUPERMARKET
      658 Main St, Arcade, NY 14009-1037
      View Details
    • Value Estimation
      $1,585,000
      9,100 SF

      7862 Rte 98

      RETAIL STORES (PERSONAL SERVICES)
      7862 Rte 98, Arcade, NY 14009-9601
      View Details

    Similar Nearby for Sale

    • $1,700,000

      Class A Office Space

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      26 Steele Ave, Arcade, NY 14009
      View Details
    • $45,000

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      3.12-acre recreational property with garage, electric, and RV hookups.
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    • $350,000

      Vacant Land with Two-Story Barn

      43+ acres of versatile land perfect for recreation or building.
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    Similar Nearby for Lease

    • Contact for pricing
      7,227 SF

      Retail Space in Power Center

      Anchored by Tops Grocery, ample parking, strong co-tenants.
      658 Main St, Arcade, NY 14009
      View Details
    • Contact for pricing
      17,000 SF

      Arcade Manufacturing/Industrial Space Available

      Manufacturing and light industrial space with expansion potential.
      7426 Tanner Pkwy, Arcade, NY 14009
      View Details
    • $1,700,000

      Class A Commercial Facility

      37,325 SF flex space on over 6 acres.
      26 Steele Ave, Arcade, NY 14009
      View Details
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    Arcade, NY 14009
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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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