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    12189 Rte Yorkshire, NY 14173

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    12189 Rte Yorkshire, NY 14173

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    • Retail properties & Spaces
    • 2,250 SF
    Off-Market
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    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 12189 Rte

    Property size
    2,250 SF
    Property type
    Retail properties & Spaces

    Description

    This 2,250 square foot retail space, formerly a Pizza Hut, is located in the Yorkshire Plaza in Cattaraugus County, New York, at the corner of NY Route 16 and West Yorkshire Road. The property boasts excellent visibility and high traffic counts due to its prime location. The building offers a single tenancy, with the entire 2,250 square feet currently vacant and ready for immediate occupancy. Ample parking is available in a large paved lot, ensuring convenient access for customers and employees. This location presents a fantastic opportunity for a variety of businesses seeking high visibility and convenient access. Beyond the main building, additional opportunities exist. Outparcels are available for ground lease, providing further expansion potential. Additionally, a 3,050 square foot end cap space with a drive-thru is also available, along with a larger 28,632 square foot space. The property sits on a substantial 17.98-acre lot, offering significant potential for future development or expansion. The property is zoned for commercial use and is ready for a new tenant to establish their business. This is an exceptional opportunity to secure a well-located retail space with significant potential for growth and success. The property is located at 12189 Route 16, Yorkshire, NY 14173.

    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
    -78.4766
    Latitude
    42.5313

    Comparable in this City

    • Value Estimation by Request
      2,250 SF

      12189 Rte

      Restaurants • 2,250 SF
      12189 Rte, Yorkshire, NY 14173
      View Details
    • Value Estimation by Request
      0.52 Acres

      3153 Nys Rte 39

      SHOW ROOM, WAREHOUSE • 0.52 Acres
      3153 Nys Rte 39, Yorkshire, NY 14173
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    • Value Estimation by Request
      1.20 Acres

      3008 Main St

      AUTO REPAIR, GARAGE • 1.20 Acres
      3008 Main St, Yorkshire, NY 14173
      View Details
    • Value Estimation by Request
      0.13 Acres

      12229 Old Olean Rd

      SHOW ROOM, WAREHOUSE • 0.13 Acres
      12229 Old Olean Rd, Yorkshire, NY 14173-8013
      View Details
    • Value Estimation by Request
      1.15 Acres

      12230 Old Olean Rd

      AUTO REPAIR, GARAGE • 1.15 Acres
      12230 Old Olean Rd, Yorkshire, NY 14173-8013
      View Details
    • Value Estimation by Request
      17.98 Acres

      12189 Nys Rte 16

      MINI-MALL • 17.98 Acres
      12189 Nys Rte 16, Yorkshire, NY 14173
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Former Pizza Hut Restaurant Space

      Restaurant space in high-traffic plaza, ample parking.
      12189 Rte 16, Yorkshire, NY 14173
      View Details
    • Contact for pricing
      2,250 SF

      Former Restaurant Space For Sale

      2,250 SF former restaurant space in Yorkshire, NY.
      12189 Rte 16, Yorkshire, NY 14173
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Cattaraugus County Retail Plaza Space

      Retail spaces available in centrally located plaza with ample parking.
      12209 Rte 16, Yorkshire, NY 14173
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    • Contact for pricing

      Cattaraugus County Retail Plaza Space

      Retail spaces and outparcels available in centrally located plaza.
      12209 Rte 16, Yorkshire, NY 14173
      View Details
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    Yorkshire, NY 14173
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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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