4 3rd St Jamestown, NY 14701-5127
Property profile & analytics
4 3rd St Jamestown, NY 14701-5127
- Office buildings
- 27,771 SF
- 0.27 lot acres
Property ID
US63-4279044
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.
Location Intelligence
Current Use by Public Records
- Chautauqua Works / Business Service Center / Employment Agency
- Conexiant DXP / Marketing & Advertising
Property Details for 4 3rd St
- Year built
- 1940
- Lot size
- 0.27 lot acres
- Property size
- 27,771 SF
- Property type
- Office buildings
- APN
- 060800 387.40-3-24
- APU
- 6080038740324
Description
This exceptional 37,686 square foot, three-story Class B office building in Jamestown, NY, presents a compelling investment opportunity. Currently 100% occupied by three credit-rated tenants (M&T Bank, Digitell, and Chautauqua Works) under a gross lease structure with a remaining lease term of approximately 1.8 years, the property boasts a strong 9.79% cap rate and a pro-forma cap rate of 10.71%. The building, constructed in 1940 and renovated in 2015, sits on a 0.27-acre lot in a prime location adjacent to restaurants, shopping, and hotels. All three tenants have indicated their intent to sign five-year lease extensions with a 5% annual rent bump, further solidifying the investment's stability. The current Net Operating Income (NOI) is $137,000, projected to increase to $150,000. The asking price is $1,400,000, translating to a price per square foot of $37.15. This stabilized investment offers significant potential for long-term growth and value appreciation, making it an attractive option for both owner-users and investors seeking a strong return on investment in a thriving market. The property is zoned B and features a multi-tenant occupancy structure with leases commencing September 1, 2021, and expiring August 31, 2026.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,310,000
- AI Estimate
- $852,000
Market price range: $1.31M - $3.46MMarket price range: $853k - $3.24M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Jamestown
- County
- Chautauqua
- State
- New York
- Longitude
- -79.2409
- Latitude
- 42.0962
- 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
$15,378
$24,700
$525,300
$550,000
-
$33,836
$719,589
$753,425
