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    10378 Route 60 Fredonia, NY 14063
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    10378 Route 60 Fredonia, NY 14063

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    • Community centers
    • 44,780 SF
    • 3.60 lot acres
    For Lease
    $6 SF/Yr
    View Listing →
    Retail Space Near SUNY Fredonia For Lease
    $6 SF/Yr
    2,000 SF

    Retail Space Near SUNY Fredonia

    Retail space with high visibility and ample parking available for rent.

    10378 Rte 60, Fredonia, NY
    View Listing
    Property ID
    US63-1589576
    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.
    Value Estimations
    $510,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Community centers

    Property Details for 10378 Route 60

    Year built
    1960
    Lot size
    3.60 lot acres
    Property size
    44,780 SF
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    065889 114.05-2-5
    APU
    658891140525

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $530,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $489,000
      Market price range: $489k - $1.39M

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

    Location Insight

    • Map
    • Local Demand
    City
    Fredonia
    County
    Chautauqua
    State
    New York
    Longitude
    -79.3083
    Latitude
    42.453
    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
    $36,000
    $321,000
    $357,000
    -
    $276,923
    $2,469,231
    $2,746,154

    Comparable in this City

    • Value Estimation by Request
      1.50 Acres

      3752 Main Rd

      MINI-MALL • 1.50 Acres
      3752 Main Rd, Fredonia, NY 14063-1428
      View Details
    • Value Estimation
      $1,280,000
      190,873 SF

      10401 Rte 60

      MINI-MALL • 190,873 SF
      10401 Rte 60, Fredonia, NY 14063
      View Details
    • Value Estimation by Request
      8,498 SF

      258 Main St

      MINI-MALL • 8,498 SF
      258 Main St, Fredonia, NY 14063-1410
      View Details
    • Value Estimation
      $5,440,000
      7,178 SF

      1170-1186 Central Ave

      SHOPPING CENTER, STRIP CENTER • 7,178 SF
      1170-1186 Central Ave, Fredonia, NY 14063
      View Details
    • Value Estimation by Request
      14,620 SF

      1 Park Pl

      REGIONAL SHOPPING CENTER, MALL • 14,620 SF
      1 Park Pl, Fredonia, NY 14063-1764
      View Details
    • Value Estimation by Request
      0.15 Acres

      117 Main St

      AUTO REPAIR, GARAGE • 0.15 Acres
      117 Main St, Fredonia, NY 14063-1840
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Space Investment Opportunity

      26,727 SF retail space with long-term tenants near Fredonia State.
      355 Central Ave, Fredonia, NY 14063
      View Details
    • $349,000
      4,200 SF

      Turnkey Bar/Restaurant with Real Estate

      Thriving bar/restaurant for sale, includes real estate.
      26 Water St, Fredonia, NY 14063
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    • $4,200,000

      Fredonia Retail/Warehouse Business Opportunity

      Retail/warehouse space with business, land for sale in Fredonia.
      13078 New York 60, Fredonia, NY 14063
      View Details
    • $4,200,000
      44,780 SF

      Turnkey Commercial Opportunity on Route 60

      Established appliance and furniture business with real estate for sale.
      10378 Bennett Rd, Fredonia, NY 14063
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,220 SF

      Retail Space Near SUNY Fredonia

      Retail space with high visibility and ample parking available for rent.
      10378 Route 60, Fredonia, NY 14063
      View Details
    • $72 SF/Yr
      26,600 SF

      Fredonia Redevelopment Opportunity

      Prime Retail & Warehouse Space in NY
      10376 Bennett Rd, Fredonia, NY 14063
      View Details
    • $595,000
      3,900 SF

      Turnkey Restaurant in Downtown Fredonia

      Fully renovated restaurant property with indoor and outdoor seating.
      64 W Main St, Fredonia, NY 14063
      View Details
    • $425,000
      Pending

      Fredonia Commercial/Industrial Building For Lease

      20,000 SF commercial/industrial building with loading docks and updated features.
      9491 Route 60, Fredonia, NY 14063
      View Details
    View Listing
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    10378 Route 60
    Fredonia, NY 14063
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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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