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Property profile & analytics
OFF-MARKET
Office buildings
17 Washington St, Ellicottville, NY 14731
Entity Owned
11-yr Hold
Free & Clear
Property ID
US63-1944172
Property summary
AI-generated overview
This stunning 1887 building, situated in the heart of Ellicottville, NY, presents a unique investment opportunity. Completely remediated by the previous owner, this historic landmark is ready for its next chapter. Boasting 19,974 square feet across two floors, the property offers a versatile layout with numerous studios of varying sizes. Its prime location provides immediate access to Ellicottville's vibrant village atmosphere, including its renowned dining, shopping, and attractions. The spacious interior is bathed in natural light from large windows, offering ample opportunity for customization to suit a variety of uses. Potential uses include boutique retail spaces, office suites, or a distinctive residential conversion project. The full basement provides additional storage and features access to an indoor parking garage, a rare amenity in this location. Public records only reflect the first floor square footage
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1890
Total area
9,987 SF
Lot
0.2 ac (8,712 SF)
Zoning code
05 - COMMERCIAL
APN
043601 55.035-5-1
UPID
US63-1944172
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
Current use
Occupant on record · Public records
-
Daff Clothing & Fashion Store
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
7 Washington Street LLC · 11 yrs held
7 Washington Street LLC
since 2015
4 recorded transactions
Zoning & alternative use
05 - COMMERCIAL · Ellicottville, 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 Ellicottville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ellicottville 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
Property tax & assessments
Assessed value
$340,500
Assessed 2023
Previous assessed
$340,500
+0.0% YoY
Assessed land
$27,000
Assessed improvement
$313,500
Land market value
$41,538
Improvement market value
$482,308
Total market value
$523,846
Applied tax rate
43,601.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1890
Heating
NONE
Buildings
1
Stories
1
Total area
9,987 SF
Lot
0.2 ac (8,712 SF)
Zoning code
05 - COMMERCIAL
APN
043601 55.035-5-1
UPID
US63-1944172
Jurisdiction
CATTARAUGUS
Zoning & alternative use
05 - COMMERCIAL · Ellicottville, NY
Zoning 05 - COMMERCIAL · permitted uses
05 - COMMERCIAL · Ellicottville, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ellicottville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1890
Heating
NONE
Stories
1
Buildings
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
7 Washington Street LLC
Entity
Free & Clear · 11 yrs held
Mailing address
4 CTR DR, ORCHARD PARK, NY 14127-4117
Ownership since
2015
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
Jan 15, 2015
—
7 Washington Street LLC
Village Of Ellicottville
Quit Claim Deed
related
—
Jan 7, 2015
—
Village Of Ellicottville
7 Washington Street LLC
Grant Deed
related
—
Apr 11, 2014
$505,100
7 Washington Street LLC
1887 Hldgs INC
Grant Deed
—
Mar 9, 2011
$425,000
1887 Hldgs INC
1887 Bldg INC
Grant Deed
related
—
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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