Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    276 Steele St Jamestown, NY 14701

    • Warehouses
    • 2,501 SF
    • 0.18 lot acres
    OFF-MARKET
    Value Estimations
    $260,000
    Show details
    Cap Rate Potential
    7.2%
    Warehouses
    Location Intelligence
    Property ID
    US63-3899446
    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

    • Hartman Independent Co / Building Materials Store

    Property Details for 276 Steele St

    Year built
    1940
    Lot size
    0.18 lot acres
    Property size
    2,501 SF
    Property type
    Warehouses
    APN
    060800 387.09-7-18
    APU
    6080038709718

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $260,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $315,000
      6.5%
      $290,000
      7%
      $270,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Jamestown
    County
    Chautauqua
    State
    New York
    Longitude
    -79.2533
    Latitude
    42.0951
    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
    $966
    $5,200
    $24,800
    $30,000
    -
    $7,123
    $33,973
    $41,096

    Comparable in this City

    • Value Estimation
      $225,000
      0.56 Acres

      825 Monroe St

      STORAGE YARD (JUNK, SALVAGE) • 0.56 Acres
      825 Monroe St, Jamestown, NY 14701
      View Details
    • Value Estimation
      $255,000
      8,400 SF

      2229 Washington St

      WAREHOUSE, STORAGE • 8,400 SF
      2229 Washington St, Jamestown, NY 14701
      View Details
    • Value Estimation
      $270,000
      6,480 SF

      126 Chicago Ave

      WAREHOUSE, STORAGE • 6,480 SF
      126 Chicago Ave, Jamestown, NY 14701-2717
      View Details
    • Value Estimation
      $270,000
      3,200 SF

      Hopkins Ave

      WAREHOUSE, STORAGE • 3,200 SF
      Hopkins Ave, Jamestown, NY 14701
      View Details
    • Value Estimation
      $260,000
      2,026 SF

      Lafayette St

      WAREHOUSE, STORAGE • 2,026 SF
      Lafayette St, Jamestown, NY 14701
      View Details
    • Value Estimation
      $255,000
      1,271 SF

      1028 Allen St

      WAREHOUSE, STORAGE • 1,271 SF
      1028 Allen St, Jamestown, NY 14701-2302
      View Details

    Similar Nearby for Sale

    • $52,000

      Commercial/Industrial Building with Loading Docks

      Large commercial/industrial building featuring loading docks and office space.
      808 Allen St, Jamestown, NY 14701
      View Details
    • $229,000
      9,877 SF

      Jamestown Warehouse/Manufacturing Building For Sale

      9,877 sq ft brick building on a double lot.
      712 Monroe St, Jamestown, NY 14701
      View Details
    • $2,099,000
      32,276 SF

      Jamestown Industrial Property For Sale

      32,000 SF industrial building with four tenants in Jamestown.
      154 Fairmount Ave, Jamestown, NY 14701
      View Details
    • $199,000
      Pending

      Versatile Commercial Building in Jamestown

      Spacious commercial building with shop area, offices, and expansion potential.
      289 Steele St, Jamestown, NY 14701
      View Details
    • Contact for pricing
      456,094 SF

      Jamestown Industrial Facility For Sale

      Industrial facility with long-term tenant in Jamestown, NY.
      1 Mason Dr, Jamestown, NY 14701
      View Details
    • $118,000

      Versatile Commercial Property For Sale

      Two buildings on a spacious lot with income potential.
      814 Clinton St, Jamestown, NY 14701
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo
      8,902 SF

      Mixed-Use Space by the River

      Office and warehouse space with river frontage in Jamestown, NY.
      145 Fairmount Ave, Jamestown, NY 14701
      View Details
    • $675,000

      Waterfront Jamestown Office/Warehouse Space

      Three-story office building with manufacturing and warehouse space for rent.
      9 N Main St, Jamestown, NY 14701
      View Details
    • $13 SF/Yr
      3,623 SF

      Jamestown Office Building For Sale

      Historic Jamestown office, 3,623 sq ft.
      405 3Rd St, Jamestown, NY 14701
      View Details
    • $6 SF/Yr
      Pending

      Jamestown Office Space For Rent

      Office space available with access to a common conference room.
      310-322 E 3Rd St, Jamestown, NY 14701
      View Details
    • $1,908 /Mo
      1,943 SF

      Jamestown Office Space For Lease

      Versatile office space with private offices, open area, and storage.
      517 5Th St W, Jamestown, NY 14701
      View Details
    • $10 SF/Yr
      40,973 SF

      Fairmount Avenue Plaza Retail Space

      Jamestown Retail Center: High Traffic, Mixed-Use
      707 Fairmount Ave, Ellicott, NY 14701
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    276 Steele St
    Jamestown, NY 14701
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.