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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    332 Central Ave Dunkirk, NY 14048

    • Investment properties
    • 4,490 SF
    • 0.07 lot acres
    For Sale
    View listing
    $199,000
    Last Sale
    Oct 26, 2020
    $60,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3843099
    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

    • Central Station Restaurant / American Restaurant / Breakfast Restaurant
    • Jermaine James Photography / Photography Studio

    Property Details for 332 Central Ave

    Year built
    1926
    Lot size
    0.07 lot acres
    Property size
    4,490 SF
    Zone code
    CBD
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    060300 79.14-6-29
    APU
    603007914629

    Description

    This exceptional commercial property at 332 Central Ave, Dunkirk, NY presents a unique investment opportunity. The 5,690 square foot building currently houses a thriving, fully operational restaurant business, ready for immediate operation by a new owner. The existing restaurant is a turnkey operation, meaning all equipment and systems are in place and functioning, allowing for a seamless transition. The business's success is evident in its current operational status. Beyond the established restaurant, this property offers significant potential for expansion. The building's layout allows for additional space development, catering to a variety of business needs. Alternatively, the existing space could be reconfigured to suit a different concept or business model. Adding to the investment appeal, a portion of the building is already leased, generating a consistent monthly income of $350. This passive income stream further enhances the property's overall return on investment. The property sits on a 0.07-acre lot, providing ample space for outdoor seating or potential future development. Priced at $225,000, this property offers a compelling blend of immediate income generation and significant long-term growth potential. Don't miss this chance to acquire a successful, established business with room to grow in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Dunkirk
    County
    Chautauqua
    State
    New York
    Longitude
    -79.3342
    Latitude
    42.4838
    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
    $3,700
    $56,300
    $60,000
    -
    $6,727
    $102,364
    $109,091

    Comparable in this City

    • Value Estimation by Request
      900 SF

      2nd St

      OFFICE/RESIDENTIAL (MIXED USE) • 900 SF
      2nd St, Dunkirk, NY 14048
      View Details
    • Value Estimation by Request
      3,508 SF

      201-203 Zebra St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,508 SF
      201-203 Zebra St, Dunkirk, NY 14048
      View Details
    • Value Estimation by Request
      16,674 SF

      220 Washington Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 16,674 SF
      220 Washington Ave, Dunkirk, NY 14048-1620
      View Details
    • Value Estimation
      $580,000
      5,940 SF

      11 3rd St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,940 SF
      11 3rd St, Dunkirk, NY 14048
      View Details
    • Value Estimation
      $565,000
      20,928 SF

      400-402 Central Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 20,928 SF
      400-402 Central Ave, Dunkirk, NY 14048
      View Details
    • Value Estimation
      $520,000
      7,006 SF

      417-421 Central Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 7,006 SF
      417-421 Central Ave, Dunkirk, NY 14048
      View Details

    Similar Nearby for Sale

    • $134,900

      Mixed-Use Property with Rental Income

      4380 SF mixed-use property with business and rental potential.
      515 Swan St, Dunkirk, NY 14048
      View Details
    • $395,000
      9,716 SF

      significantly lowering the Assessment.""""}"""

      Dunkirk Office Building - 9716 sq ft
      10410 Chestnut Rd, Dunkirk, NY 14048
      View Details
    • $37,500
      1.90 Acres

      Dunkirk Land Parcel For Sale

      Almost 2-acre cleared land parcel ready for building in Dunkirk.
      W Benton & Ruggles St, Dunkirk, NY 14048
      View Details
    • $85,000

      Land Near Van Buren Bay

      Land near Lake Erie with development potential.
      5319 W Lake Rd, Dunkirk, NY 14048
      View Details
    • $159,000
      1,850 SF

      Dunkirk Multi-Family Investment Opportunity

      Two-unit property near Dunkirk Pier with rental income potential.
      115 Lake Shore Dr E, Dunkirk, NY 14048
      View Details
    • $1,000,000

      Prime Land Near Route 60

      7-acre commercial land with high visibility and accessibility.
      10743 Bennett Rd, Dunkirk, NY 14048
      View Details

    Similar Nearby for Lease

    • $799,000
      38,535 SF

      Former SUNY Campus Available

      Turn-key 38,535 SF former campus for lease.
      10807 Bennett Rd, Dunkirk, NY 14048
      View Details
    • $15 SF/Yr
      2,700 SF

      Dunkirk Commercial Space For Lease

      Prominent corner location in Dunkirk's Central Business District.
      401-403 Central Ave, Dunkirk, NY 14048
      View Details
    • $9 SF/Yr
      10,700 SF

      Dunkirk Warehouse/Office Space Available

      Warehouse/office space for lease in mixed-use building near I-90.
      1200 Central Ave, Dunkirk, NY 14048
      View Details
    • $5 SF/Yr
      8,000 SF

      Dunkirk Auto/Truck Terminal

      NY Warehouse, Office, & Shop
      4849 Lake Rd, Dunkirk, NY 14048
      View Details
    • Contact for pricing
      20,947 SF

      Retail Space Near NY Thruway

      Retail space with high visibility and easy access.
      10514 Bennett Rd, Dunkirk, NY 14048
      View Details
    • Contact for pricing

      Retail Space in Vineyard Plaza

      Retail space available in well-located Dunkirk shopping center.
      3965 Vineyard Dr, Dunkirk, NY 14048
      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.
    332 Central Ave
    Dunkirk, NY 14048
    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.