$249,900 1,640 SF

501 W State St, Olean, NY 14760
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The property is a restaurant facility located on West State Street in Olean, positioned at the corner of 4th Street and West State. It has approximately 15 off-street parking spaces and is configured for food service operations, including an in-place kitchen with equipment included as part of the property. The building’s frontage on West State Street provides street-level access for customers, and the site has bicycle and pedestrian access characteristics consistent with a bike score of 67 and a walk score of 75.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax

What does the county charge?

Assessed value · 2023$130k

Assessed land$10k

Assessed improvement$120k

Value estimate

· Oct 2026

$135k

$122k – $149k

AI approach$150k

NOI build-up

Gross scheduled income$30k

Vacancy & credit loss−$1k

Operating expenses−$7k

NOI · 8.49% cap applied$21k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?

$89/SF

County average, outlier-cleaned · 24 recorded sales of this use type

Observed band · Q1–Q3$30 – $169

Cap rate analysis

How does the asset earn?

8.49%

$21k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCATTARAUGUS

Location intelligence

Which uses thrive at this corner?

Best fit: Kitchen & Bath

Demand index

Kitchen & Bath10.3

Electrical Service10.2

Plumbing Service9.4

501 W State St Olean, NY 14760

County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby

Address Sale price Sold Size

325 Main, Olean, NY 14760-2607 $160,000 May 2024 1,351 SF

1695 State, Olean, NY 14760 $45,000 Nov 2023 1,872 SF

2513 State, Olean, NY 14760-1822 $313,000 Oct 2023 2,308 SF

610 Un, Olean, NY 14760-2642 $400,000 Jan 2022 2,660 SF

101 Delaware, Olean, NY 14760 $3,631,000 Jan 2022 1,344 SF

501 Un, Olean, NY 14760-2618 $947,716 Jan 2022 2,790 SF

Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.

Comparable nearby

Value Estimation
$185,000

1,536 SF

732 Barnum Rd

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732 Barnum Rd, Olean, NY 14760-9678

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Value Estimation
$165,000

1,920 SF

1481 Olean Portville Rd

FINANCIAL BUILDING

1481 Olean Portville Rd, Olean, NY 14760

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Value Estimation
$120,000

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2457 Rte 16th N

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2457 Rte 16th N, Olean, NY 14760

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Value Estimation
$270,000

2,681 SF

1040 State St

RETAIL STORES (PERSONAL SERVICES)

1040 State St, Olean, NY 14760-3814

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Value Estimation
$3,775,000

3,038 SF

500 Un St

DRIVE-THRU RESTAURANT, FAST FOOD

500 Un St, Olean, NY 14760-2651

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Value Estimation
$170,000

3,504 SF

1644 Haskell Rd

RESTAURANT

1644 Haskell Rd, Olean, NY 14760-9754

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