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    Property profile & analytics

    2727 State St Olean, NY 14760-1826

    • Retail space
    • 5,845 SF
    • 0.94 lot acres
    OFF-MARKET
    Value Estimation
    $2,350,000
    Last Sale
    Jul 13, 2023
    $2,250,000
    Location Intelligence
    Property ID
    US63-1870687
    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

    • Chipotle Mexican Grill / Mexican Restaurant

    Property Details for 2727 State St

    Year built
    2023
    Lot size
    0.94 lot acres
    Property size
    5,845 SF
    Property type
    Retail space
    APN
    041200 94.062-2-37.2
    APU
    41200940622372

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,405,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,480,000
      6.5%
      $2,175,000
      7%
      $2,185,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,300,000
      Geo Method
      $1,950,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,775,000
      Retail
      $2,260,000
      Mixed-Use
      $2,025,000
      Hospitality
      $2,430,000
      Educational
      $2,680,000
      Residential Income
      $2,515,000
      Energy
      $2,705,000
      Income-Based Land
      $2,400,000
      Food Service
      $2,065,000

    Location Insight

    • Map
    • Local Demand
    City
    Olean
    County
    Cattaraugus
    State
    New York
    Longitude
    -78.4621
    Latitude
    42.0767
    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
    $94,000
    $410,600
    $504,600
    -
    $120,513
    $526,410
    $646,923

    Comparable in this City

    • Value Estimation by Request
      1,440 SF

      3505 Rte 16th N

      RETAIL STORES (PERSONAL SERVICES) • 1,440 SF
      3505 Rte 16th N, Olean, NY 14760
      View Details
    • Value Estimation by Request
      3,696 SF

      313 State St

      RETAIL STORES (PERSONAL SERVICES) • 3,696 SF
      313 State St, Olean, NY 14760-2539
      View Details
    • Value Estimation by Request
      6,966 SF

      519 State St

      RETAIL STORES (PERSONAL SERVICES) • 6,966 SF
      519 State St, Olean, NY 14760-2543
      View Details
    • Value Estimation
      $215,000
      5,236 SF

      1469 Olean Portville Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,236 SF
      1469 Olean Portville Rd, Olean, NY 14760-9404
      View Details
    • Value Estimation
      $340,000
      7,400 SF

      1008 State St

      RETAIL STORES (PERSONAL SERVICES) • 7,400 SF
      1008 State St, Olean, NY 14760-2244
      View Details
    • Value Estimation
      $285,000
      5,059 SF

      619 State St, Unit 23

      RETAIL STORES (PERSONAL SERVICES) • 5,059 SF
      619 State St, Olean, NY 14760-2336
      View Details

    Similar Nearby for Sale

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      Olean Commercial Property For Sale

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      Established retail property with high visibility and business potential.
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      Olean Retail Property For Sale

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      Commercial Building with Redevelopment Potential

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    Similar Nearby for Lease

    • $8,000 /Mo
      8,232 SF

      Event-Ready Commercial Space in Olean

      8,234 sq ft commercial space ideal for events and fitness.
      800 E State Events St, Olean, NY 14760
      View Details
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      Regional Mall Retail Space Available

      Retail spaces available in regional mall with high traffic.
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      View Details
    • $16 SF/Yr

      Retail Space in Walmart Plaza

      Retail space available within a high-traffic shopping center.
      3142 West State St, Olean, NY 14760
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    • Contact for pricing

      Freestanding Building Near University

      20,000 SF building near St. Bonaventure University.
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    • $325,000
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      Versatile Commercial Property, Olean, NY

      High-visibility commercial property with garage, loading dock, and ample parking.
      431 S Union St, Olean, NY 14760
      View Details
    • $14,000 /Mo
      5,000 SF

      Turnkey Restaurant & Event Space

      Ready-to-go restaurant and entertainment venue with wow factor.
      800 E State Bar/Restaraunt St, Olean, NY 14760
      View Details

    Property Visit Statistics

    • Visits by month
      21.2k
    • Visitors by month
      16.8k
    • Avg Time on site
      26 min
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    2727 State St
    Olean, NY 14760-1826
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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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