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Property profile & analytics
OFF-MARKET
Estimated value
$2,085,000
Warehouses
3101 Constitution Ave Olean, NY 14760-1867
Entity Owned
10-yr Hold
Free & Clear
Property ID
US63-3193408
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1996
Total area
20,749 SF
Lot
3 ac (130,680 SF)
Zoning code
I2
APN
042089 94.003-1-14.6
UPID
US63-3193408
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
-
Olean Power Sports Car Dealership Motorcycle Shop
-
Bobcat Of Olean Building Supply Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.40M
Comparable Approach
Comparable
$1.77M
Blend (final)
Blend
$2.09M
Owner & transaction history
Big Dawg Properties Of Wny LLC · 10 yrs held
Big Dawg Properties Of Wny LLC
since 2016
4 recorded transactions
Zoning & alternative use
I2 · Olean, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.9M
+78.7%
Commercial (general)
$1.8M
+69.0%
Office building
$1.4M
+32.2%
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 Olean submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Olean 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%
$2,595,000
6.5%
$2,395,000
7%
$2,225,000
Alternative Use
Use
Estimation
RESTAURANT
$1,945,000
Change: +79% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,840,000
Change: +69% · Conversion: Difficult
OFFICE BUILDING
$1,440,000
Change: +32% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,390,000
Change: +27% · Conversion: Easy
RETAIL STORES
$1,255,000
Change: +15% · Conversion: Moderate
Blend value · Realmo final
$2.09M
Range $1.88M – $2.29M · ±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
$100 / 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
Property tax & assessments
Assessed value
$660,000
Assessed 2023
Previous assessed
$660,000
+0.0% YoY
Assessed land
$300,000
Assessed improvement
$360,000
Land market value
$422,535
Improvement market value
$507,042
Total market value
$929,577
Applied tax rate
42,001.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1996
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
20,749 SF
Lot
3 ac (130,680 SF)
Zoning code
I2
APN
042089 94.003-1-14.6
UPID
US63-3193408
Jurisdiction
CATTARAUGUS
Zoning & alternative use
I2 · Olean, NY
Zoning I2 · permitted uses
I2 · Olean, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Olean. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1996
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
3 ac
Current owner
From public records · entity-resolved
Big Dawg Properties Of Wny LLC
Entity
Free & Clear · 10 yrs held
Mailing address
PO BOX 633, PORTVILLE, NY 14770-0633
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2025
—
Big Dawg Prop Wny LLC
—
Deed
related
$810,000 · High Point FCU
Apr 13, 2016
$660,000
Big Dawg Properties Of Wny LLC
Constitution Avenue Co LLC
Grant Deed
—
Feb 22, 2016
$1,100,000
Constitution Avenue Co LLC
Cattaraugus Empire Zone Corp
Grant Deed
—
Feb 9, 2006
$1,100,000
Constitution Ave Co Ll
Cattaraugus Economic
Warranty Deed
related
—
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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