Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    19 Mechanic St Springville, NY 14141-1309
    Back to Search
    Property profile & analytics

    19 Mechanic St Springville, NY 14141-1309

    View on Map
    • Investment properties
    • 4,026 SF
    • 0.12 lot acres
    Off-Market
    Last Sale Dec 10, 2021
    Property ID
    US63-1150130
    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

    • Investment properties

    Property Details for 19 Mechanic St

    Year built
    1900
    Lot size
    0.12 lot acres
    Property size
    4,026 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    143801 335.16-2-19
    APU
    14380133516219

    Description

    This exceptional Springville property at 19 Mechanic Street presents a unique opportunity for a discerning business owner. Boasting a substantial 6,264 square feet of space spread across three floors, this building is steeped in history and brimming with potential. The interior features stunning, newly installed hemlock barn-style beams that complement the existing flooring, creating a captivating aesthetic. The expansive open floor plan offers incredible flexibility for a variety of commercial uses, allowing for creative design and efficient layout. Situated on a 0.12-acre lot in the heart of Springville, this location provides excellent visibility and accessibility. The building's historical charm is undeniable, offering a unique character rarely found in modern commercial spaces. This is a truly remarkable opportunity to establish a thriving business in a desirable and vibrant community. The building's size and layout provide ample room for expansion or customization to meet specific business needs. Its prime location in Springville ensures high visibility and easy access for customers and employees. The combination of historical character and modern features makes this property a truly exceptional investment. Don't miss this chance to own a piece of Springville's rich history and build your dream business. The asking price is $180,000.

    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
    Springville
    County
    Erie
    State
    New York
    Longitude
    -78.6657
    Latitude
    42.5091
    CBSA code
    15380
    CBSA name
    BUFFALO-NIAGARA FALLS, NY METROPOLITAN 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
    2023
    $0.00
    $12,850
    $22,900
    $35,750
    -
    $40,156
    $71,563
    $111,719

    Comparable in this City

    • Value Estimation by Request
      4,800 SF

      7274 Rte 39

      OFFICE/RESIDENTIAL (MIXED USE) • 4,800 SF
      7274 Rte 39, Springville, NY 14141-9766
      View Details
    • Value Estimation by Request
      3,372 SF

      268 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,372 SF
      268 Main St, Springville, NY 14141-1420
      View Details
    • Value Estimation by Request
      612 SF

      17 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 612 SF
      17 Main St, Springville, NY 14141-1229
      View Details
    • Value Estimation by Request
      5,016 SF

      44 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,016 SF
      44 Main St, Springville, NY 14141-1243
      View Details
    • Value Estimation by Request
      9,996 SF

      46 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 9,996 SF
      46 Main St, Springville, NY 14141-1243
      View Details
    • Value Estimation by Request
      2,331 SF

      26 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,331 SF
      26 Main St, Springville, NY 14141-1012
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      85,875 SF

      85,000 SF Mixed-Use Building

      85,000 SF mixed-use building on 4.5 acres for sale.
      243 W Main St, Springville, NY 14141
      View Details
    • $115,000
      4,108 SF

      Mixed-Use Building in Springville, NY

      Mixed-use building with commercial and residential potential in Springville.
      26 W Main St, Springville, NY 14141
      View Details
    • $115,000
      4,108 SF

      Mixed-Use Building in Springville, NY

      4,108 SF mixed-use building in Springville's B-1 Business District.
      26 W Main St, Springville, NY 14141
      View Details
    • Contact for pricing
      38,375 SF

      Springville Retail Property For Sale

      Former Valu Home Center with in-place income and ample parking.
      100 S Cascade Dr, Springville, NY 14141
      View Details
    • Contact for pricing

      Redevelopment Land in Springville Hub

      8.73 +/- acres available for redevelopment in Springville, NY.
      482 Waverly St, Springville, NY 14141
      View Details
    • Contact for pricing

      Outparcels For Development Near Lowe's

      Two outparcels available for development in high-traffic location.
      330 S Cascade Dr, Springville, NY 14141
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Springville Mixed-Use Building for Lease

      85,000 SF mixed-use building on 4.5 acres available for lease.
      243 W Main St, Springville, NY 14141
      View Details
    • $14 SF/Yr

      Springville Medical/Office Space Available

      Medical/office space for lease in Springville, New York.
      27 Franklin St, Springville, NY 14141
      View Details
    • Contact for pricing

      Springville Medical/Office Space Available

      Medical/office suites available in Springville, ranging from 1,000-8,000 SF.
      27 Franklin St, Springville, NY 14141
      View Details
    • $350,000
      4,046 SF

      Established Restaurant with Detached Home

      Turn-key restaurant opportunity with additional residential income potential.
      690 E Main St, Springville, NY 14141
      View Details
    • $15 SF/Yr
      3,550 SF

      Springville Retail Space with Drive-Thru

      3,550 SF retail building with drive-thru in Springville, NY.
      218 S Cascade Dr, Springville, NY 14141
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    19 Mechanic St
    Springville, NY 14141-1309
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    19 Mechanic St, Springville, NY, 14141
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!