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    Property profile & analytics

    1018 Portville Olean Rd Portville, NY 14770-9744

    • Drive through restaurants
    • 928 SF
    • 1.05 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Mar 26, 2020
    Location Intelligence
    Property ID
    US63-3929754
    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

    • Drive through restaurants

    Property Details for 1018 Portville Olean Rd

    Year built
    1940
    Lot size
    1.05 lot acres
    Property size
    928 SF
    Zone code
    CON
    Property type
    Drive through restaurants
    APN
    047489 104.010-1-28.3
    APU
    474891040101283

    Description

    This exceptional investment opportunity presents a well-established restaurant in Portville, NY, situated on a 1.05-acre lot. Priced at $299,900, the property boasts 928 square feet of commercial space, including a small interior dining area and an outdoor picnic area. All restaurant equipment and furniture are included in the sale, ensuring a seamless transition for the new owner. Ample parking is available on-site, along with a separate storage building for added convenience. The property's significant acreage also includes a mobile home, currently generating additional rental income. The existing mobile home tenant holds a life-use lease with a monthly rental payment. The current owner is retiring due to health concerns but is willing to provide short-term assistance during the transition to ensure a smooth handover. Detailed financial information is available upon request for qualified buyers. This turnkey operation offers a unique chance to acquire a thriving business with significant potential for growth within a strong community. The combination of the established restaurant, additional rental income from the mobile home, and ample land makes this a truly compelling investment prospect.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Portville
    County
    Cattaraugus
    State
    New York
    Longitude
    -78.352
    Latitude
    42.0487
    CBSA code
    36460
    CBSA name
    OLEAN, 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
    0
    $0.00
    $28,100
    $26,900
    $55,000
    -
    $42,576
    $40,757
    $83,333

    Comparable in this City

    • Value Estimation by Request
      1,296 SF

      117 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,296 SF
      117 Main St, Portville, NY 14770
      View Details
    • Value Estimation by Request
      1,504 SF

      412 Portville Eldred Rd

      RESTAURANT • 1,504 SF
      412 Portville Eldred Rd, Portville, NY 14770-9719
      View Details
    • Value Estimation by Request
      13,424 SF

      1048 Portville Obi Rd

      RESTAURANT • 13,424 SF
      1048 Portville Obi Rd, Portville, NY 14770-9740
      View Details
    • Value Estimation by Request
      2,484 SF

      65 Main St

      RESTAURANT • 2,484 SF
      65 Main St, Portville, NY 14770-9706
      View Details
    • Value Estimation by Request
      1,684 SF

      1003 Portville Olean Rd

      RESTAURANT • 1,684 SF
      1003 Portville Olean Rd, Portville, NY 14770-9742
      View Details
    • Value Estimation by Request
      1,064 SF

      501 Portville Ceres Rd

      RESTAURANT • 1,064 SF
      501 Portville Ceres Rd, Portville, NY 14770
      View Details

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    Request Owner's contact information
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    1018 Portville Olean Rd
    Portville, NY 14770-9744
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    Realmo Value Estimation

    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.

    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.

    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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