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    Property profile & analytics

    1116 State St Olean, NY 14760-3814

    • Manufacturing properties
    • 36,463 SF
    • 1.88 lot acres
    OFF-MARKET
    Value Estimation
    $650,000
    Location Intelligence
    Property ID
    US63-0570487
    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

    • Vector Marketing Corporation / Marketing Consultant
    • Cutco Corp. / Manufacturer
    • Vector Marketing News / Marketing Agency

    Property Details for 1116 State St

    Year built
    1990
    Lot size
    1.88 lot acres
    Property size
    36,463 SF
    Property type
    Manufacturing properties
    APN
    041200 94.075-2-8.1
    APU
    4120094075281

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $670,000

    • CAP approach

      CAP return
      Estimation
      6%
      $670,000
      6.5%
      $650,000
      7%
      $675,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $755,000
      Geo Method
      $660,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $745,000
      Retail
      $745,000
      Mixed-Use
      $750,000
      Hospitality
      $750,000
      Educational
      $670,000
      Residential Income
      $700,000
      Energy
      $735,000
      Income-Based Land
      $755,000
      Food Service
      $595,000

    Location Insight

    • Map
    • Local Demand
    City
    Olean
    County
    Cattaraugus
    State
    New York
    Longitude
    -78.4071
    Latitude
    42.0735
    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
    $37,600
    $1,227,400
    $1,265,000
    -
    $48,205
    $1,573,590
    $1,621,795

    Comparable in this City

    • Value Estimation by Request

      1601 Johnson St

      MANUFACTURING (LIGHT)
      1601 Johnson St, Olean, NY 14760-1127
      View Details
    • Value Estimation by Request
      39.26 Acres

      1695 Seneca Ave

      MANUFACTURING (LIGHT) • 39.26 Acres
      1695 Seneca Ave, Olean, NY 14760-9532
      View Details
    • Value Estimation by Request
      6,889 SF

      5th St N Paul Clark Dr

      MANUFACTURING (LIGHT) • 6,889 SF
      5th St N Paul Clark Dr, Olean, NY 14760
      View Details
    • Value Estimation
      $230,000
      8.10 Acres

      1601 Johnson St

      MANUFACTURING (LIGHT) • 8.10 Acres
      1601 Johnson St, Olean, NY 14760-1127
      View Details
    • Value Estimation
      $585,000
      121,894 SF

      1405 Buffalo St, Unit 7

      MANUFACTURING (LIGHT) • 121,894 SF
      1405 Buffalo St, Olean, NY 14760-1139
      View Details
    • Value Estimation
      $405,000
      23,112 SF

      639 Un St Ext

      MANUFACTURING (LIGHT) • 23,112 SF
      639 Un St Ext, Olean, NY 14760
      View Details

    Similar Nearby for Sale

    • $299,999
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      Olean Industrial Warehouse - $299,999

      Spacious industrial warehouse, ideal location.
      1020 State St, Olean, NY 14760
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      Olean Commercial Property For Sale

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      Olean Warehouse/Industrial Opportunity

      2550 SF steel pole barn on E. State St.
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      Olean Warehouse with Recent Improvements

      67,543 SF warehouse with recent capital improvements for sale.
      111 N 2Nd St, Olean, NY 14760
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      Warehouse-Flex Building on 1.79 Acres

      Large warehouse-flex building with many recent capital improvements.
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    • Contact for pricing

      Olean Warehouse/Office Building on Route 16

      23,112 SF warehouse/office on 3.13 acres near Route 16.
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    Similar Nearby for Lease

    • $5 SF/Yr
      37,360 SF

      Olean Warehouse & Office Space

      37,360 SF Industrial Space, Prime Location
      317 Wayne St, Olean, NY 14760
      View Details
    • $4 SF/Yr
      276,444 SF

      Olean Industrial Facility For Lease

      Large manufacturing space, flexible options.
      1414 State St, Olean, NY 14760
      View Details
    • $325,000
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      Versatile Commercial Property, Olean, NY

      High-visibility commercial property with garage, loading dock, and ample parking.
      431 S Union St, Olean, NY 14760
      View Details
    • $2,000 /Mo
      5,796 SF

      Versatile Commercial Property on Route 16

      High-visibility commercial property with flexible space and ample parking.
      431 S Union St, Olean, NY 14760
      View Details
    • $8,000 /Mo
      8,232 SF

      Event-Ready Commercial Space in Olean

      8,234 sq ft commercial space ideal for events and fitness.
      800 E State Events St, Olean, NY 14760
      View Details
    • Contact for pricing

      Regional Mall Retail Space Available

      Retail spaces available in regional mall with high traffic.
      400 North Union Street Ext, Olean, NY 14760
      View Details
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    1116 State St
    Olean, NY 14760-3814
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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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