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    Property profile & analytics

    3585 New Rd Dunkirk, NY 14048-9733

    • Warehouses
    • 2,916 SF
    • 3.20 lot acres
    OFF-MARKET
    Value Estimations
    $270,000
    Show details
    Cap Rate Potential
    8.2%
    Warehouses
    Location Intelligence
    Property ID
    US63-4059823
    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

    • Paul Demarco Trucking / Truck Repair Shop / Diesel Engine Repair Service

    Property Details for 3585 New Rd

    Year built
    1985
    Lot size
    3.20 lot acres
    Property size
    2,916 SF
    Zone code
    07 - MIXED
    Property type
    Warehouses
    APN
    066400 97.00-1-1
    APU
    66400970011

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $270,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $365,000
      6.5%
      $335,000
      7%
      $315,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $258,000
      Market price range: $63.4k - $259k

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

    Location Insight

    • Map
    • Local Demand
    City
    Dunkirk
    County
    Chautauqua
    State
    New York
    Longitude
    -79.2941
    Latitude
    42.4735
    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
    $12,300
    $151,300
    $163,600
    -
    $26,170
    $321,915
    $348,085

    Comparable in this City

    • Value Estimation
      $255,000
      3,200 SF

      3641 New Rd

      WAREHOUSE, STORAGE • 3,200 SF
      3641 New Rd, Dunkirk, NY 14048
      View Details
    • Value Estimation
      $280,000
      6,400 SF

      10935 Bennett Rd

      WAREHOUSE, STORAGE • 6,400 SF
      10935 Bennett Rd, Dunkirk, NY 14048-3056
      View Details
    • Value Estimation
      $275,000
      1,904 SF

      21 Genet St

      WAREHOUSE, STORAGE • 1,904 SF
      21 Genet St, Dunkirk, NY 14048
      View Details
    • Value Estimation
      $280,000
      4,800 SF

      222 Lk Shr W Dr

      WAREHOUSE, STORAGE • 4,800 SF
      222 Lk Shr W Dr, Dunkirk, NY 14048-1436
      View Details
    • Value Estimation
      $275,000
      2,342 SF

      99 4th St

      WAREHOUSE, STORAGE • 2,342 SF
      99 4th St, Dunkirk, NY 14048-1901
      View Details
    • Value Estimation
      $70,000
      1,848 SF

      62 King St

      WAREHOUSE, STORAGE • 1,848 SF
      62 King St, Dunkirk, NY 14048-2762
      View Details

    Similar Nearby for Sale

    • $159,000

      Spacious Brick Warehouse with Showroom

      21,956 SF brick warehouse with showroom and parking.
      220 Washington Ave, Dunkirk, NY 14048
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    • $400,000
      20.70 Acres

      Dunkirk Land with Equipment Included

      20-acre site with buildings and equipment, zoned residential.
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    • $789,999
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      Prime Flex Space Near Tanger Outlet

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    • $649,000
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      Bart's Cove Marina For Sale

      Marina with boat slips, restaurant, bar, and storage.
      1/2 Woodrow Dr, Dunkirk, NY 14048
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    • Contact for pricing

      Waterfront Development Site in Dunkirk

      2.3-acre waterfront development site with harbor and Lake Erie frontage.
      70 Lake Shore Dr E, Dunkirk, NY 14048
      View Details
    • $1,000,000

      Accessible Land Parcel Near I-90

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

    Similar Nearby for Lease

    • $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
      30,000 SF

      Dunkirk Industrial Space For Lease

      Expandable industrial space with remodeled office in Dunkirk, NY.
      3817 E Lake Rd, 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
    • 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
    • $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
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    3585 New Rd
    Dunkirk, NY 14048-9733
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    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
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