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    Property profile & analytics

    243 Root St Olean, NY 14760-2436

    • Warehouses
    • 65,086 SF
    • 3.40 lot acres
    OFF-MARKET
    Value Estimation
    $835,000
    Last Sale
    Feb 06, 2020
    $800,000
    Location Intelligence
    Property ID
    US63-2123619
    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

    • Kaman Industrial Technologies / Electric Motor Store / Hose Supplier
    • Kaman Bearing Supply / Bearing Supplier
    • Lynx Fulfillment / Shipping Service / Food Store

    Property Details for 243 Root St

    Year built
    1966
    Lot size
    3.40 lot acres
    Property size
    65,086 SF
    Property type
    Warehouses
    APN
    041200 94.049-4-48
    APU
    4120094049448

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $820,000

    • CAP approach

      CAP return
      Estimation
      6%
      $845,000
      6.5%
      $855,000
      7%
      $885,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $860,000
      Geo Method
      $860,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $905,000
      Retail
      $780,000
      Mixed-Use
      $915,000
      Hospitality
      $735,000
      Educational
      $715,000
      Residential Income
      $870,000
      Energy
      $850,000
      Income-Based Land
      $780,000
      Food Service
      $790,000

    Location Insight

    • Map
    • Local Demand
    City
    Olean
    County
    Cattaraugus
    State
    New York
    Longitude
    -78.4342
    Latitude
    42.0872
    CBSA code
    36460
    CBSA name
    OLEAN, 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
    0
    $0.00
    $170,000
    $495,000
    $665,000
    -
    $217,949
    $634,615
    $852,564

    Comparable in this City

    • Value Estimation by Request
      8,120 SF

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      WAREHOUSE, STORAGE • 8,120 SF
      115 16th St, Olean, NY 14760-3317
      View Details
    • Value Estimation by Request
      880 SF

      319 8th St

      WAREHOUSE, STORAGE • 880 SF
      319 8th St, Olean, NY 14760-2207
      View Details
    • Value Estimation by Request
      3,300 SF

      909 State St

      WAREHOUSE, STORAGE • 3,300 SF
      909 State St, Olean, NY 14760
      View Details
    • Value Estimation by Request
      4,520 SF

      608 Un St

      WAREHOUSE, STORAGE • 4,520 SF
      608 Un St, Olean, NY 14760
      View Details
    • Value Estimation by Request
      18,744 SF

      210 Grn St

      WAREHOUSE, STORAGE • 18,744 SF
      210 Grn St, Olean, NY 14760-3606
      View Details
    • Value Estimation by Request
      2,400 SF

      869 4th St

      WAREHOUSE, STORAGE • 2,400 SF
      869 4th St, Olean, NY 14760
      View Details

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      Large warehouse-flex building with many recent capital improvements.
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    Similar Nearby for Lease

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      Retail spaces available in regional mall with high traffic.
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    243 Root St
    Olean, NY 14760-2436
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    Realmo Value Estimation

    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.

    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.

    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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