Property profile

515 State St Olean, NY 14760

OFF-MARKET
Auto shops
Property ID
US63-1220784
32,844 SF 0.51 ac lot Built 1920
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

This commercial building comprises approximately 6,200 square feet and is situated on a main thoroughfare near St. Bonaventure and Route 16. The first floor contains two storefront spaces and was configured for long-term tenant occupancy; each storefront features recent storefront updates and is maintained as retail space. The second floor is arranged for inventory storage and includes high ceilings, original wood flooring, and generous natural light, providing space that may be reconfigured for alternative uses. The property includes off-street parking and has an exterior that has had, or is planned to receive, exterior paint work as part of ongoing maintenance. Zoning and specific redevelopment entitlements are not stated.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1920
Total area 32,844 SF
Lot 0.51 ac (22,216 SF)
APN 041200 94.064-14-2
UPID US63-1220784

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Auto Parts Store

Location

515 State St Olean, NY 14760-2543
Olean metro Census 961700 OLEAN, NY MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$490k
CAP Approach CAP
by Request
Comparable Approach Comparable
$969k
Blend (final) Blend
$490k

Owner & transaction history

since 2025
3 recorded transactions
2025
Price N/A
2022
Price N/A
2015
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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