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

    504 Central Ave Dunkirk, NY 14048-2515

    • Office buildings
    • 8,440 SF
    • 0.71 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-6265117
    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

    • Sleep Medicine center / Medical Clinic
    • Western New York Urology Associates / Medical Clinic / Physician
    • Chautauqua Medical Services—GLPP / Physician
    • Landis Andrew MD / Physician
    • Dr. Ranime Saliba / Physician

    Property Details for 504 Central Ave

    Year built
    1910
    Lot size
    0.71 lot acres
    Property size
    8,440 SF
    Zone code
    CBD
    Property type
    Office buildings
    APN
    060300 79.18-4-3
    APU
    60300791843

    Description

    This exceptional investment opportunity presents a fully occupied medical office building situated at 504 Central Avenue in Dunkirk, New York. The property boasts 8,448 square feet of space, housed within a frame and masonry structure. Currently leased to Great Lakes Physician Practice (a UPMC affiliate) and WNY Urology, this building offers a stable and reliable income stream. Originally purchased in 2010 and extensively renovated in 2015, the building features modern amenities including an elevator, catering to the needs of its medical tenants. The 0.71-acre lot provides ample parking for 31 vehicles, strategically located at a signaled intersection with curb cuts on both Central Avenue and 5th Street. Its prime location across from Brooks Memorial Hospital places it within a vibrant residential and business district, benefiting from high visibility and convenient access. The building's proximity to the Dunkirk Historical Society, Washington Park, and the Dunkirk Library further enhances its desirability. The Dunkirk Middle School is also located nearby. This property offers a compelling investment opportunity due to its strong tenant occupancy, desirable location, and recent renovations. Note that a separate mixed-use medical and retail building at 37 West Main Street in Fredonia is available for purchase for an additional $665,000. The listing ID is B1545723.

    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
    -79.3334
    Latitude
    42.4811
    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
    $30,400
    $194,750
    $225,150
    -
    $55,273
    $354,091
    $409,364

    Comparable in this City

    • Value Estimation by Request
      1,072 SF

      15 6th St

      PROFESSIONAL BUILDING • 1,072 SF
      15 6th St, Dunkirk, NY 14048-2441
      View Details
    • Value Estimation by Request
      3.50 Acres

      10765 Bennett Rd

      PROFESSIONAL BUILDING • 3.50 Acres
      10765 Bennett Rd, Dunkirk, NY 14048-3567
      View Details
    • Value Estimation by Request
      3,020 SF

      515 Swan St

      PROFESSIONAL BUILDING • 3,020 SF
      515 Swan St, Dunkirk, NY 14048-2407
      View Details
    • Value Estimation by Request
      1,514 SF

      119-121 4th St

      OFFICE BUILDING • 1,514 SF
      119-121 4th St, Dunkirk, NY 14048
      View Details
    • Value Estimation by Request
      1,750 SF

      158 Lk Shr E Dr

      OFFICE BUILDING • 1,750 SF
      158 Lk Shr E Dr, Dunkirk, NY 14048-1720
      View Details
    • Value Estimation by Request
      4,500 SF

      202 2nd St

      OFFICE BUILDING • 4,500 SF
      202 2nd St, Dunkirk, NY 14048
      View Details

    Similar Nearby for Sale

    • $395,000
      9,716 SF

      significantly lowering the Assessment.""""}"""

      Dunkirk Office Building - 9716 sq ft
      10410 Chestnut Rd, Dunkirk, NY 14048
      View Details
    • $84,300
      Pending

      Renovated Commercial Building on High-Traffic Route

      Versatile commercial building with high visibility and ample parking.
      158 Lake Shore Dr E, Dunkirk, NY 14048
      View Details
    • $84,300
      1,800 SF

      Prime Dunkirk Office Building

      Renovated Office Space, High Visibility
      158 Lake Shore Dr, Dunkirk, NY 14048
      View Details
    • $499,999
      6,639 SF

      Freestanding Medical Office Building For Sale

      Freestanding medical office building in close proximity to SUNY Fredonia.
      614 Central Ave, Dunkirk, NY 14048
      View Details
    • $37,500
      1.90 Acres

      Dunkirk Land Parcel For Sale

      Almost 2-acre cleared land parcel ready for building in Dunkirk.
      W Benton & Ruggles St, Dunkirk, NY 14048
      View Details
    • $85,000

      Land Near Van Buren Bay

      Land near Lake Erie with development potential.
      5319 W Lake Rd, Dunkirk, NY 14048
      View Details

    Similar Nearby for Lease

    • $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
    • $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
    • $900 /Mo
      1,150 SF

      Revival Retail/Office Space in Dunkirk

      Leasing opportunity near Dunkirk's developing lakefront district.
      21 E 2Nd St, 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
    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.
    504 Central Ave
    Dunkirk, NY 14048-2515
    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.