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    Property profile & analytics

    201 Winchester Rd Lakewood, NY 14750

    • Manufacturing properties
    • 87,226 SF
    • 3.10 lot acres
    For Sale
    View listing
    Last Sale
    May 15, 2023
    $1,400,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-6048517
    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.

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 201 Winchester Rd

    Year built
    1962
    Lot size
    3.10 lot acres
    Property size
    87,226 SF
    Zone code
    06 - INDUSTRIAL
    Property type
    Manufacturing properties
    APN
    062201 385.06-3-58
    APU
    6220138506358

    Description

    This exceptional 92,373-square-foot industrial property, located at 201 Winchester Road in Lakewood, New York, presents a unique investment opportunity. Built in 1956 and renovated in 1996, this single-story building sits on 6.15 acres of land and offers flexible tenancy options, including sale, lease, or lease-to-own arrangements. The property features a 12'-25'4" ceiling height, making it suitable for a variety of industrial uses. Loading and unloading are facilitated by six loading docks, including five dock-high doors and one drive-in door. Ample parking is available with 147 spaces. The building is equipped with a robust 1,600-amp, three-phase, 480/240/208-volt electrical service, and 100% wet sprinklers ensure optimal safety. The minimum divisible space is 4,880 square feet, while the maximum contiguous space is the entire 92,373 square feet, providing scalability for businesses of various sizes. The property is zoned for industrial use and is conveniently located in Lakewood, NY, with the zip code 14750. This property offers a compelling combination of size, functionality, and location, making it an ideal choice for businesses seeking a versatile and well-equipped industrial space. The owner is motivated to sell or lease, offering competitive pricing and flexible terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,900,000
      ML approach
      $1,695,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $968,000
      Market price range: $500k - $2.78M
      AI Estimate
      $1,497,000
      Market price range: $1.00M - $4.06M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,485,000
      Current use
      WAREHOUSE, STORAGE
      $1,920,000
      Change: +29% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Chautauqua
    State
    New York
    Longitude
    -79.33
    Latitude
    42.1001
    CBSA code
    27460
    CBSA name
    JAMESTOWN-DUNKIRK-FREDONIA, NY MICROPOLITAN 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
    2020
    $0.00
    $91,300
    $758,400
    $849,700
    -
    $136,268
    $1,131,932
    $1,268,200

    Comparable in this City

    • Value Estimation
      $1,295,000
      26,750 SF

      2072 Stoneman Cir

      MANUFACTURING (LIGHT) • 26,750 SF
      2072 Stoneman Cir, Lakewood, NY 14750-9779
      View Details
    • Value Estimation
      $1,915,000
      40,164 SF

      2071 Stoneman Cir

      MANUFACTURING (LIGHT) • 40,164 SF
      2071 Stoneman Cir, Lakewood, NY 14750-9779
      View Details
    • Value Estimation
      $770,000
      22,500 SF

      2000 Stoneman Cir

      MANUFACTURING (LIGHT) • 22,500 SF
      2000 Stoneman Cir, Lakewood, NY 14750
      View Details
    • Value Estimation
      $685,000
      24,000 SF

      4th Ave

      MANUFACTURING (LIGHT) • 24,000 SF
      4th Ave, Lakewood, NY 14750
      View Details
    • Value Estimation by Request
      3,520 SF

      4477 Gleason Rd

      MANUFACTURING (LIGHT) • 3,520 SF
      4477 Gleason Rd, Lakewood, NY 14750-9749
      View Details
    • Value Estimation by Request
      6,192 SF

      5 Fairdale Ave

      MANUFACTURING (LIGHT) • 6,192 SF
      5 Fairdale Ave, Lakewood, NY 14750-1507
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      92,373 SF

      Lakewood Warehouse Space Available

      92,373 sq. ft. warehouse on 6.15 acres.
      201 Winchester Rd, Lakewood, NY 14750
      View Details
    • $249,000

      Land For Sale

      Land available for sale.
      3435 Baker St S, Lakewood, NY 14750
      View Details
    • Contact for pricing
      0.13 Acres

      Lakewood, NY Building Lot

      Building lot for sale in Lakewood, southwestern school district.
      Locust St, Lakewood, NY 14750
      View Details
    • $39,000
      0.15 Acres

      Lakewood, NY Building Lot

      Residential building lot for sale in Lakewood, NY.
      Mapleview Ave, Lakewood, NY 14750
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    • $985,000

      Summit Street Specialty Property

      Specialty property for sale on Summit Street, Busti, NY.
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    • $899,000

      Lakewood Retail Opportunity on Fairmount

      Prime commercial property in high-traffic retail corridor near Chautauqua Lake.
      196 E Fairmount Ave, Lakewood, NY 14750
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    Similar Nearby for Lease

    • $12 SF/Yr
      28,000 SF

      Lakewood Retail Space For Lease

      Available retail space with high visibility and ample parking.
      280 E Fairmount Ave, Lakewood, NY 14750
      View Details
    • $12 SF/Yr
      4,800 SF

      Lakewood, NY Commercial Land

      Commercial land available for rent in Lakewood, New York.
      280 E Fairmount Ave, Lakewood, NY 14750
      View Details
    • $3,400 /Mo

      Chautauqua Lake View Commercial Lot

      Gravel lot with lake view, ideal for restaurant or retail.
      4453 W Fairmount Ave, Lakewood, NY 14750
      View Details
    • New
      $3,400 /Mo
      30,492 SF

      Chautauqua Lake View Commercial Lot

      Gravel lot with lake view, ideal for quick-service restaurant.
      4453 W Fairmount Ave, Lakewood, NY 14750
      View Details
    • Contact for pricing
      2,125 SF

      Lakewood Retail Space Available

      Retail space for rent in Lakewood, NY.
      279 E Fairmount Ave, Lakewood, NY 14750
      View Details
    • $6,320 /Mo

      Prime Retail Space in Lakewood, NY

      High-visibility retail spaces available in Lakewood's commercial corridor.
      165-169 E Fairmount Ave, Lakewood, NY 14750
      View Details
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    201 Winchester Rd
    Lakewood, NY 14750
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    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
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