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    Property profile & analytics

    417 W State St Olean, NY 14760

    • Investment properties
    • 15,320 SF
    • 0.38 lot acres
    For Sale
    View listing
    $499,900
    Value Estimation
    Location Intelligence
    Property ID
    US63-1342880
    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

    • Investment properties

    Property Details for 417 W State St

    Year built
    1993
    Lot size
    0.38 lot acres
    Property size
    15,320 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    041200 94.065-11-44.1
    APU
    412009406511441

    Description

    This exceptional commercial property, located at 417 W State St, Olean, NY, presents a compelling investment opportunity. Situated on a 0.7-acre lot at the highly visible intersection of S 4th St and W State St, this 15,320 square foot building offers unparalleled exposure to a high volume of traffic. Constructed in 1993, the building is in good overall condition, although the air conditioning units may require some attention. The versatile interior space is well-suited for a variety of commercial uses, including retail, office, or a mixed-use configuration. A significant feature is the spacious rear warehouse area, boasting high ceilings and a mezzanine level, providing ample storage capacity. Convenient loading and unloading access further enhances the property's functionality. This substantial property offers significant potential for businesses seeking a prominent location with ample space and high visibility, making it an ideal choice for investors or companies looking to establish a strong presence in Olean. The property's size and location make it a rare find in the Olean market.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $290,000

    • CAP approach

      CAP return
      Estimation
      6%
      $315,000
      6.5%
      $320,000
      7%
      $365,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $315,000
      Geo Method
      $310,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $365,000
      Retail
      $355,000
      Mixed-Use
      $360,000
      Hospitality
      $410,000
      Educational
      $325,000
      Residential Income
      $380,000
      Energy
      $375,000
      Income-Based Land
      $380,000
      Food Service
      $340,000

    Location Insight

    • Map
    • Local Demand
    City
    Olean
    County
    Cattaraugus
    State
    New York
    Longitude
    -78.4348
    Latitude
    42.0772
    CBSA code
    36460
    CBSA name
    OLEAN, 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
    0
    $0.00
    $28,900
    $446,100
    $475,000
    -
    $37,051
    $571,923
    $608,974

    Comparable in this City

    • Value Estimation by Request
      3,000 SF

      1628 State St

      STORE/OFFICE (MIXED USE) • 3,000 SF
      1628 State St, Olean, NY 14760
      View Details
    • Value Estimation by Request
      2,150 SF

      204 State St

      STORE/OFFICE (MIXED USE) • 2,150 SF
      204 State St, Olean, NY 14760-2538
      View Details
    • Value Estimation
      $115,000
      3,740 SF

      1214 State St

      STORE/OFFICE (MIXED USE) • 3,740 SF
      1214 State St, Olean, NY 14760-2136
      View Details
    • Value Estimation
      $290,000
      4,032 SF

      423 Riverside Dr

      STORE/OFFICE (MIXED USE) • 4,032 SF
      423 Riverside Dr, Olean, NY 14760-3952
      View Details
    • Value Estimation by Request
      2,720 SF

      1739 Windfall Rd

      STORE/OFFICE (MIXED USE) • 2,720 SF
      1739 Windfall Rd, Olean, NY 14760-9206
      View Details
    • Value Estimation by Request
      2,560 SF

      1216 Seneca Ave

      STORE/OFFICE (MIXED USE) • 2,560 SF
      1216 Seneca Ave, Olean, NY 14760-3230
      View Details

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      Mixed-use property with residential and commercial space on one parcel.
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    • $150,000
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      Olean Industrial Warehouse - $299,999

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    Similar Nearby for Lease

    • $8,000 /Mo
      8,232 SF

      Event-Ready Commercial Space in Olean

      8,234 sq ft commercial space ideal for events and fitness.
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      High-visibility commercial property with garage, loading dock, and ample parking.
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    • Contact for pricing

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      Retail spaces available in regional mall with high traffic.
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    • $5 SF/Yr
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      Olean Warehouse & Office Space

      37,360 SF Industrial Space, Prime Location
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    • $14,000 /Mo
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      Turnkey Restaurant & Event Space

      Ready-to-go restaurant and entertainment venue with wow factor.
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    • $16 SF/Yr

      Retail Space in Walmart Plaza

      Retail space available within a high-traffic shopping center.
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    417 W State St
    Olean, NY 14760
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    Realmo Value Estimation

    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.

    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.

    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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