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    Property profile & analytics

    1013 Fairmount Ave Jamestown, NY 14701

    • Investment properties
    • 2,396 SF
    • 0.32 lot acres
    For Sale
    View listing
    $595,000
    Value Estimations
    Cap Rate Potential
    5.9%
    Investment properties
    Location Intelligence
    Property ID
    US63-0407152
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Investment properties

    Property Details for 1013 Fairmount Ave

    Year built
    1965
    Lot size
    0.32 lot acres
    Property size
    2,396 SF
    Zone code
    05 - COMMERCIAL
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    063889 386.10-1-1
    APU
    638893861011

    Description

    This exceptional 7,421 square foot commercial property presents a rare opportunity in a high-traffic location within Jamestown, NY. Situated on a 0.32-acre corner lot at the intersection of Fairmount Avenue and Southwestern Drive, this site benefits from exceptional visibility and accessibility. Boasting over 20,000 vehicles passing daily, this location ensures maximum exposure for any business. The property's strategic placement between major retailers such as Walmart, Target, Wegmans, and Home Depot guarantees significant foot traffic and brand synergy. The site is ideal for a single large business, multiple smaller businesses, or a substantial redevelopment project. Its prominent corner location at a red light intersection provides unparalleled visibility and convenient access from two major roadways. The substantial size of the lot and building offers ample space for various commercial endeavors, making it a truly unique investment opportunity in a thriving retail corridor. The high daily traffic count, coupled with the proximity to established retail giants, makes this property an exceptional prospect for businesses seeking maximum visibility and customer reach in the Jamestown market. This is a chance to secure a prime location with significant potential for growth and return on investment. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $270,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $265,000
      6.5%
      $245,000
      7%
      $225,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $269,000
      Market price range: $88.3k - $270k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Jamestown
    County
    Chautauqua
    State
    New York
    Longitude
    -79.2948
    Latitude
    42.0973
    CBSA code
    27460
    CBSA name
    JAMESTOWN-DUNKIRK-FREDONIA, NY MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $0.00
    $50,700
    $284,300
    $335,000
    -
    $59,644
    $334,456
    $394,100

    Comparable in this City

    • Value Estimation
      $255,000
      1,922 SF

      668 Fairmount Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,922 SF
      668 Fairmount Ave, Jamestown, NY 14701-2630
      View Details
    • Value Estimation
      $270,000
      2,784 SF

      432 Fairmount Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,784 SF
      432 Fairmount Ave, Jamestown, NY 14701-2719
      View Details
    • Value Estimation
      $630,000
      55,512 SF

      114 3rd St, Unit 122

      OFFICE/RESIDENTIAL (MIXED USE) • 55,512 SF
      114 3rd St, Jamestown, NY 14701-5105
      View Details
    • Value Estimation
      $250,000
      2,580 SF

      300 6th St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,580 SF
      300 6th St, Jamestown, NY 14701-5510
      View Details
    • Value Estimation
      $240,000
      1,265 SF

      2325 Main St Ext

      OFFICE/RESIDENTIAL (MIXED USE) • 1,265 SF
      2325 Main St Ext, Jamestown, NY 14701
      View Details
    • Value Estimation
      $240,000
      1,590 SF

      409 Pne St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,590 SF
      409 Pne St, Jamestown, NY 14701
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $10 SF/Yr
      40,973 SF

      Fairmount Avenue Plaza Retail Space

      Jamestown Retail Center: High Traffic, Mixed-Use
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      View Details
    • Contact for pricing
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      Class A Office Space Available

      Downtown Jamestown Class A office building with customizable spaces.
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      View Details
    • $6 SF/Yr
      1,191 SF

      Jamestown Office Space For Rent

      Office space available for lease in Jamestown, New York.
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      View Details
    • $6 SF/Yr
      4,940 SF

      Remodeled Office Space in Jamestown

      Newly remodeled office space featuring ample parking and a break room.
      15 Tiffany Ave, Jamestown, NY 14701
      View Details
    • $2,500 /Mo
      8,902 SF

      Mixed-Use Space by the River

      Office and warehouse space with river frontage in Jamestown, NY.
      145 Fairmount Ave, Jamestown, NY 14701
      View Details
    • $1,300 /Mo

      Retail Space in High-Traffic Area

      Retail space with parking, office, bathroom, storage, and garage.
      1739 Foote Avenue Ext, Jamestown, NY 14701
      View Details
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    1013 Fairmount Ave
    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.

    More about this property
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