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Financial
Distress signals
Property profile

196 E Fairmount Ave Lakewood, NY 14750

FOR SALE
Other investment properties
Property ID
US63-2723827
1,152 SF 0.16 ac lot Built 1950
Individually Owned Owner of record is an individual. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property consists of five parcels totaling approximately 1.1 acres with a mixed-use commercial building configured to accommodate owner-occupancy or business operations alongside multiple income-producing residential units. The site supports flexible end uses, including retail or service use with residential rental integration. The parcels are located along a high-traffic commercial corridor in Chautauqua County, with street frontage on an active shopping and service route; the property is…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

What does the county charge?
Assessed value · 2023$65k
Assessed land$63k
Assessed improvement$2k

Value estimate

· Oct 2026
$160k
$144k – $176k
NOI build-up
Gross scheduled income$21k
Vacancy & credit loss−$539
Operating expenses−$6k
NOI · 1.67% cap applied$14k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$49/SF
County average, outlier-cleaned · 156 recorded sales of this use type
Observed band · Q1–Q3$28 – $74

Cap rate analysis

How does the asset earn?
1.67%
$14k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
02 - SINGLE RESIDENCE
JurisdictionCHAUTAUQUA

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand index
Building Supply12.3
Law Firm12.1
HVAC Service11.9

Location

196 E Fairmount Ave Lakewood, NY 14750
County assessor Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
69 Fairmount, Lakewood, NY 14750-1809 $135,000 Dec 2023 1,116 SF
136 Chautauqua, Lakewood, NY 14750 $299,000 Jun 2023 2,160 SF
33 Chautauqua, Lakewood, NY 14750-1228 $230,000 Jun 2023 1,875 SF
125 Fairmount, Lakewood, NY 14750-1833 $100,000 Feb 2023 1,790 SF
379 Fairmount, Lakewood, NY 14750-2131 $210,000 Oct 2022 2,394 SF
385 Fairmount, Lakewood, NY 14750-2131 $175,000 May 2022 1,100 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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