Financial
Distress signals
Property profile

400 E Terrace Ave Lakewood, NY 14750

FOR SALE
Turn key restaurants
Property ID
US63-5744136
4,424 SF 0.21 ac lot Built 1940
Last sale Oct 2023 · $70,000
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

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. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax

What does the county charge?
Assessed value · 2023$50k
Assessed land$22k
Assessed improvement$29k

Value estimate

· Sep 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

Location

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
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
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
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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