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    14 Hedges Ave Jamestown, NY 14701
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    Property profile & analytics

    14 Hedges Ave Jamestown, NY 14701

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    • Residential income homes
    • 15,765 SF
    Off-Market
    Property ID
    US63-1171288
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 14 Hedges Ave

    Property size
    15,765 SF
    Property type
    Residential income homes

    Description

    This exceptional investment opportunity presents a portfolio of eight single-family rental units located in Jamestown, Chautauqua County, New York. The portfolio boasts a total of 15,765 square feet and commands a compelling asking price of $599,900, translating to a price per square foot of $38.05. The properties are strategically situated across multiple addresses within the 14701 zip code, offering a diversified investment strategy. The portfolio generates a Net Operating Income (NOI) of $59,761.50, resulting in a 0.09% capitalization rate. This represents a strong foundation for potential investors seeking a stable and income-producing asset in a desirable location. The individual addresses included in this portfolio are: 14 Hedges Ave, 618 Newland Ave, 9 Myers Ave, 307 Newland Ave, 102 Williams St, 144 Barrett Ave, 15 Columbia Ave, and 178 Barrett Ave, all in Jamestown, NY. This portfolio offers a unique opportunity to acquire a substantial rental property with a proven track record of income generation. The properties are well-maintained and situated in a stable residential area, promising a consistent stream of rental income. This is an ideal investment for those seeking a diversified portfolio with strong potential for future appreciation.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Jamestown
    County
    Chautauqua
    State
    New York
    Longitude
    -79.2211359
    Latitude
    42.0983486

    Comparable in this City

    • $179,900
      Pending

      Four-Unit Commercial Property For Sale

      Four-unit commercial property with remodeled apartments and a bar/restaurant.
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    • $250,000
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      Jamestown Commercial Property with Restaurant

      Fully operational restaurant and 22 rental units in Jamestown, NY.
      1414 E 2Nd St, Jamestown, NY 14701
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    • $99,900

      Multifamily Investment Opportunity

      Well-maintained multifamily property in Southwestern School District.
      7 N Alleghany Ave, Jamestown, NY 14701
      View Details

    Similar Nearby for Sale

    • $179,900
      Pending

      Four-Unit Commercial Property For Sale

      Four-unit commercial property with remodeled apartments and a bar/restaurant.
      1065 E 2Nd St, Jamestown, NY 14701
      View Details
    • $250,000
      7,308 SF

      Jamestown Commercial Property with Restaurant

      Fully operational restaurant and 22 rental units in Jamestown, NY.
      1414 E 2Nd St, Jamestown, NY 14701
      View Details
    • $99,900

      Multifamily Investment Opportunity

      Well-maintained multifamily property in Southwestern School District.
      7 N Alleghany Ave, Jamestown, NY 14701
      View Details

    Similar Nearby for Lease

    • $549,900
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      Mixed-Use Investment Opportunity in Jamestown

      Mixed-use property with commercial space, apartments, and garages.
      813-815 Foote Avenue Ext, Jamestown, NY 14701
      View Details
    • $6 SF/Yr
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      Downtown Storefront in Jamestown, NY

      1430 sq ft storefront/office space for lease in Jamestown.
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      6,746 SF

      Jamestown Retail Space Available

      Retail space available for rent in Jamestown, New York.
      295 E Fairmount Ave, Jamestown, NY 14701
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    • $1,200 /Mo
      9,075 SF

      Jamestown Commercial Space For Lease

      Versatile commercial space suitable for office, retail, or restaurant.
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      Freestanding Restaurant Opportunity Near Mall

      Turn-key restaurant space with high traffic and ample parking.
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    • $12 SF/Yr

      Versatile Commercial Space For Rent

      1,600 SF commercial space suitable for various business types.
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      View Details
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    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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