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Property profile & analytics
OFF-MARKET
Estimated value
$6,740,000
Office buildings
200 3rd St, Jamestown, NY 14701-5433
Entity Owned
Free & Clear
Property ID
US63-4199956
Property summary
AI-generated overview
This 62-room La Quinta Inn & Suites in Jamestown, New York, presents a compelling investment opportunity. Boasting 33,749 square feet across a three-story building on a 0.7-acre lot, this fully renovated hotel offers significant potential for return. The 2023 renovation, exceeding $2 million, modernized the infrastructure and guest experience, including 62 well-appointed guest rooms with amenities such as flat-screen HDTVs, mini-refrigerators, and microwaves. Hotel amenities include a breakfast area, indoor pool, fitness center, sundry shop, and business center. The property benefits from a convenient location, minutes from downtown attractions like the Lucille Ball Desi Arnaz Museum and the National Comedy Center, as well as Lake Erie Wine Country. With 37 parking spaces and a strong revenue stream exceeding $1.1 million annually, this hotel offers a turnkey operation. Seller financing is available. The property is zoned commercial and features an interior corridor design. No post-acquisition improvement plan (PIP) is anticipated. The property's APN is 387.40-2-45
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1970
Total area
58,905 SF
Lot
1.47 ac (64,033 SF)
APN
060800 387.41-2-8
UPID
US63-4199956
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
-
Jamestown Inspection Services City Government Office
-
La Quinta Inn & Suites by Wyndham Jamestown Hotel & Motel
-
Jamestown City Court City Courthouse
-
Jamestown Building Inspector City Government Office
-
Police Department-Command Duty Ofcr Police Department
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.39M
Blend (final)
Blend
$6.74M
Owner & transaction history
CITY JAMESTOWN
CITY JAMESTOWN
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.9M
+10.7%
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
OFFICE BUILDING
$5,320,000
Current use
RESTAURANT
$5,895,000
Change: +11% · Conversion: Moderate
Blend value · Realmo final
$6.74M
Range $6.07M – $7.41M · ±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
$114 / 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
$4,400,000
Assessed 2023
Previous assessed
$4,400,000
+0.0% YoY
Assessed land
$129,700
Assessed improvement
$4,270,300
Land market value
$177,671
Improvement market value
$5,849,726
Total market value
$6,027,397
Applied tax rate
60,800.0000
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
1970
Heating
NONE
Buildings
1
Stories
5
Total area
58,905 SF
Lot
1.47 ac (64,033 SF)
APN
060800 387.41-2-8
UPID
US63-4199956
Jurisdiction
CHAUTAUQUA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$5.3M
RESTAURANT
Est. value
$5.9M
OFFICE BUILDING Current
RESTAURANT
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
1970
Heating
NONE
Stories
5
Buildings
1
Lot
1.47 ac
Current owner
From public records · entity-resolved
CITY JAMESTOWN
Individual
Free & Clear · 0 yrs held
Mailing address
CITY HALL, 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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