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

    359 Lk Shr E Dr Dunkirk, NY 14048-1354

    • Investment properties
    • 870 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2355030
    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

    • Sweet Perfections / Bakery

    Property Details for 359 Lk Shr E Dr

    Year built
    1960
    Lot size
    0.17 lot acres
    Property size
    870 SF
    Zone code
    R2
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    060300 79.08-4-34
    APU
    603007908434

    Description

    This exceptional 870-square-foot commercial property, situated at 359 Lake Shore Drive East in Dunkirk, New York, presents a unique investment opportunity. The single-story masonry building boasts a highly desirable location on a busy, high-visibility highway, ensuring maximum exposure for your business. The property sits on a 0.17-acre lot, providing ample parking for customers and employees. The building's recent improvements include a 10-year-old roof, demonstrating a commitment to ongoing maintenance. Previously utilized as a bakery, the space is adaptable and ready for immediate occupancy. All existing bakery equipment is available for purchase with the building, offering a seamless transition for a similar business. Alternatively, the versatile layout allows for easy conversion to suit a wide range of commercial uses, including offices, retail spaces, or other entrepreneurial ventures. The property's prime location and adaptable design make it an ideal investment for those seeking a high-traffic, high-visibility location in a thriving community. The asking price is $97,500. Don't miss this chance to acquire a well-maintained, strategically located commercial property with significant potential.

    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
    -79.316
    Latitude
    42.4935
    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
    $7,600
    $27,400
    $35,000
    -
    $13,818
    $49,818
    $63,636

    Comparable in this City

    • Value Estimation by Request
      1,736 SF

      20 Courtney St

      STORE/OFFICE (MIXED USE) • 1,736 SF
      20 Courtney St, Dunkirk, NY 14048-2753
      View Details
    • Value Estimation
      $2,050,000
      21,000 SF

      Vineyard Dr

      STORE/OFFICE (MIXED USE) • 21,000 SF
      Vineyard Dr, Dunkirk, NY 14048
      View Details
    • Value Estimation by Request
      2,280 SF

      10712 Brigham Rd

      STORE/OFFICE (MIXED USE) • 2,280 SF
      10712 Brigham Rd, Dunkirk, NY 14048-9696
      View Details
    • Value Estimation by Request
      2,364 SF

      15 Marsden St

      STORE/OFFICE (MIXED USE) • 2,364 SF
      15 Marsden St, Dunkirk, NY 14048
      View Details
    • Value Estimation by Request
      6,000 SF

      811 Central Ave, Unit 819

      STORE/OFFICE (MIXED USE) • 6,000 SF
      811 Central Ave, Dunkirk, NY 14048-3305
      View Details
    • Value Estimation
      $610,000
      6,260 SF

      322 Park Ave

      STORE/OFFICE (MIXED USE) • 6,260 SF
      322 Park Ave, Dunkirk, NY 14048-2237
      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
    • $89,000

      Spacious Duplex with Investment Potential

      Versatile 5-bedroom duplex, ideal for multi-generational living or investment.
      99 King St, Dunkirk, NY 14048
      View Details
    • $150,000

      Commercial Building on Central Avenue

      One-story commercial building suitable for retail, office, or food service.
      436 Central Ave, Dunkirk, NY 14048
      View Details
    • $1,409,898
      6,131 SF

      Advance Auto Parts Investment Property

      6,131 SF Advance Auto Parts NN asset for sale.
      4029 Vineyard Dr, Dunkirk, NY 14048
      View Details
    • $1,000,000

      Accessible Land Near Route 60

      7-acre lot ideal for businesses seeking accessibility and visibility.
      10749 Bennett Rd, Dunkirk, NY 14048
      View Details
    • $59,900

      Two-Family Home Investment Opportunity

      Two-family home with investment potential in Dunkirk, NY.
      720 Grant Ave, 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
      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
    • $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
    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.
    359 Lk Shr E Dr
    Dunkirk, NY 14048-1354
    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.