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Property profile & analytics
OFF-MARKET
Warehouses
125 Chicago Ave, Jamestown, NY 14701
Individually Owned
1-yr Hold
Free & Clear
Property ID
US63-1861814
Property summary
AI-generated overview
This exceptional industrial property, located at 125 N Chicago Ave in Jamestown, NY, presents a compelling investment opportunity. The 1,040 square foot building sits on a sizable 0.34-acre lot, offering ample space for various industrial uses. The property features two 10' x 10' overhead doors, providing convenient access for loading and unloading. The roof was replaced in 2017 with a durable rubber membrane. A gas overhead heater is present, although it is currently disconnected. The property includes two lots
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1963
Total area
1,040 SF
Lot
0.23 ac (10,000 SF)
Zoning code
04 - FARM
APN
063801 386.08-2-6
UPID
US63-1861814
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Douglas L Schutte · 1 yrs held
Douglas L Schutte
since 2025
Last sale
$50,000
4 recorded transactions
Zoning & alternative use
04 - FARM · Jamestown, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Jamestown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jamestown submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Assessed value
$39,900
Assessed 2023
Previous assessed
$39,900
+0.0% YoY
Assessed land
$9,300
Assessed improvement
$30,600
Land market value
$10,932
Improvement market value
$35,968
Total market value
$46,900
Applied tax rate
62,201.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1963
Heating
NONE
Buildings
1
Stories
1
Total area
1,040 SF
Lot
0.23 ac (10,000 SF)
Zoning code
04 - FARM
APN
063801 386.08-2-6
UPID
US63-1861814
Jurisdiction
CHAUTAUQUA
Zoning & alternative use
04 - FARM · Jamestown, NY
Zoning 04 - FARM · permitted uses
04 - FARM · Jamestown, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jamestown. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1963
Heating
NONE
Stories
1
Buildings
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Douglas L Schutte
Individual
Free & Clear · 1 yrs held
Mailing address
2397 FISHER HL RD, KENNEDY, NY 14747-9524
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2025
$50,000
Douglas L Schutte
Ideal Prop Dev LLC
Warranty Deed
—
Mar 10, 2025
—
Ideal Prop Dev LLC
Bij Corp Western Ny INC
Warranty Deed
—
Jan 19, 2024
—
Ideal Prop Dev LLC
Bjb Corp Western Ny INC
Warranty Deed
—
Jan 10, 2024
$30,000
Ideal Prop Dev LLC
Bjb Corp Western Ny INC
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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