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Property profile & analytics
OFF-MARKET
Estimated value
$15,950,000
Manufacturing properties
1885 Mason Dr, Jamestown, NY 14701
Entity Owned
24-yr Hold
~
Est. High Equity
Property ID
US63-3376354
Property summary
AI-generated overview
This exceptional Class A industrial property, located at 1885 Mason Dr in Jamestown, NY's Mason Industrial Park, offers a substantial 456,094 square feet of space. The property sits on a 61-acre lot and includes 634 parking spaces. Built in 1989, the building features a 24-foot ceiling height. The property is currently leased under an Absolute NNN lease with 14 years remaining. The lease includes annual rent bumps of 1%. The tenant, eSolutions Furniture Group (formerly Bush Industries), is a well-established international furniture manufacturer with a long history in Jamestown, NY, having occupied this facility since 1984. Their acquisition by Bestar in 2020 solidified their position as a major player in the furniture industry. This presents a strong, long-term investment opportunity with a stable, creditworthy tenant (though no credit rating is available). The property's size, location, and lease terms make it an attractive option for discerning investors seeking a secure, high-return industrial asset. The property's address is 1885 Mason Dr, Jamestown, NY 14701, within Chautauqua County.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1985
Total area
395,580 SF
Lot
61.8 ac (2,692,008 SF)
Zoning code
06 - INDUSTRIAL
APN
063889 371.00-2-26
UPID
US63-3376354
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
$12.60M
Blend (final)
Blend
$15.95M
Owner & transaction history
ARG BIJTNNY001, LLC
ARG BIJTNNY001, LLC
Zoning & alternative use
06 - INDUSTRIAL · Jamestown, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$24.8M
+268.1%
Commercial (general)
$14.0M
+108.2%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$24,815,000
Change: +268% · Conversion: Easy
COMMERCIAL (GENERAL)
$14,035,000
Change: +108% · Conversion: Difficult
Blend value · Realmo final
$15.95M
Range $14.36M – $17.55M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$40 / SF
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
$8,800,000
Assessed 2023
Previous assessed
$8,800,000
+0.0% YoY
Assessed land
$357,000
Assessed improvement
$8,443,000
Land market value
$419,998
Improvement market value
$9,932,902
Total market value
$10,352,900
Applied tax rate
63,801.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1985
Heating
NONE
Buildings
1
Stories
2
Total area
395,580 SF
Lot
61.8 ac (2,692,008 SF)
Zoning code
06 - INDUSTRIAL
APN
063889 371.00-2-26
UPID
US63-3376354
Jurisdiction
CHAUTAUQUA
Zoning & alternative use
06 - INDUSTRIAL · Jamestown, NY
Zoning 06 - INDUSTRIAL · permitted uses
06 - INDUSTRIAL · 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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$24.8M
COMMERCIAL (GENERAL)
Est. value
$14.0M
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Heating
NONE
Stories
2
Buildings
1
Lot
61.8 ac
Current owner
From public records · entity-resolved
ARG BIJTNNY001, LLC
Entity
Mailing address
1885 MASON DR, JAMESTOWN, NY 14701
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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