$60,000 4,424 SF

400 E Terrace Ave, Lakewood, NY 14750
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The property at 400 E Terrace Ave in the Village of Lakewood is a flex/commercial space configured with a wide-open, warehouse-style interior designed to accommodate flexible build-outs. The updated interior includes high ceilings, a full bathroom with shower, a half bathroom, and a kitchenette. It is located in a high-visibility area and is described as having on-site parking and easy accessibility suitable for both employees and visitors.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

What does the county charge?

Assessed value · 2023$50k

Assessed land$22k

Assessed improvement$29k

Value estimate

· Nov 2026

$60k

$54k – $66k

AI approach$95k

NOI build-up

Gross scheduled income$42k

Vacancy & credit loss−$3k

Operating expenses−$12k

NOI · 1,609.47% cap applied$27k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?

$100/SF

County average, outlier-cleaned · 25 recorded sales of this use type

Observed band · Q1–Q3$44 – $174

Cap rate analysis

How does the asset earn?

1,609.47%

$27k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?

02 - SINGLE RESIDENCE

JurisdictionCHAUTAUQUA

Location intelligence

Which uses thrive at this corner?

Best fit: Electrical Service

Demand heat for this use is drawn on the map · LocInt grid

Demand index

Electrical Service9.5

Garden Center8.9

Spa & Massage8.7

400 E Terrace Ave Lakewood, NY 14750

County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

5 recorded sales · 9 properties nearby

Address Sale price Sold Size

110 Mall, Lakewood, NY 14750-2097 $1,400,000 Aug 2023 13,940 SF

280 Fairmount, Lakewood, NY 14750-1952 $2,900,000 Dec 2022 51,000 SF

270 Fairmount, Lakewood, NY 14750 $2,565,484 Aug 2022 3,286 SF

284 Fairmount, Lakewood, NY 14750-1933 $1,100,000 Dec 2021 5,770 SF

141 Chautauqua, Lakewood, NY 14750-1278 $27,500 Oct 2020 12,128 SF

Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.

Comparable nearby

Value Estimation
$400,000

4,040 SF

281 Fairmount Ave

FINANCIAL BUILDING

281 Fairmount Ave, Lakewood, NY 14750-1946

View Details
Value Estimation
$810,000

4,977 SF

300 Fairmount Ave

RESTAURANT

300 Fairmount Ave, Lakewood, NY 14750-2007

View Details
Value Estimation
$470,000

5,188 SF

311 Fairmount Ave

FINANCIAL BUILDING

311 Fairmount Ave, Lakewood, NY 14750-2008

View Details
Value Estimation
$645,000

5,348 SF

273 Fairmount Ave

RESTAURANT

273 Fairmount Ave, Lakewood, NY 14750-1946

View Details
Value Estimation
$475,000

5,460 SF

1 Fairmount Ave

FINANCIAL BUILDING

1 Fairmount Ave, Lakewood, NY 14750-1701

View Details
Value Estimation
$895,000

5,481 SF

340 Fairmount Ave

RESTAURANT

340 Fairmount Ave, Lakewood, NY 14750-2134

View Details

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400 E Terrace Ave Lakewood, NY 14750

Property summary