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    70 Brigham Rd Fredonia, NY 14063
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    Property profile & analytics

    70 Brigham Rd, Fredonia, NY 14063

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    • Commercial real estate
    • 5,500 SF
    • 7.20 lot acres
    Off-Market
    Property ID
    US63-2433409
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Park Place Collegiate Housing / Vacation Rental

    Property Details for 70 Brigham Rd

    Year built
    2005
    Lot size
    7.20 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 84-unit multifamily property, located at 70 Brigham Rd, Fredonia, NY 14063, presents a compelling value-add investment opportunity. Currently configured as a student housing complex near SUNY Fredonia, the property comprises seven, three-story buildings situated on a 7.2-acre lot. The complex offers a total of 96,600 net rentable square feet, with each of the 84 units boasting approximately 1,150 square feet of living space, featuring three bedrooms and one bathroom. Built between 2005 and 2006, the property is zoned R3 Multifamily, allowing for flexibility in future use. Ample parking is available for residents and guests. The property benefits from on-site property management and presents significant upside potential through conversion to market-rate apartments. This court-ordered foreclosure sale offers a unique chance to acquire a substantial multifamily asset in a desirable location with strong potential for increased profitability. The property's proximity to SUNY Fredonia provides a built-in tenant base, while the large lot size and zoning allow for future expansion or redevelopment. This is an ideal opportunity for investors seeking a value-add project with considerable growth potential. The property is currently configured to accommodate 252 students.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fredonia
    County
    Chautauqua
    State
    New York
    Longitude
    -79.3476558
    Latitude
    42.4536343

    Comparable in this City

    • $850,000
      Pending

      Fredonia Multifamily Investment Opportunity

      Well-maintained 20-unit apartment complex with single-family home.
      346-350 Central Ave, Fredonia, NY 14063
      View Details
    • $339,900
      4,300 SF

      Downtown Fredonia Investment Opportunity

      Two commercial buildings with value-add potential in downtown Fredonia.
      33-35 E Main St, Fredonia, NY 14063
      View Details
    • $549,900
      7,312 SF

      Fredonia Multifamily Investment Opportunity

      Six-unit property near SUNY Fredonia with income potential.
      1 Birchwood Dr, Fredonia, NY 14063
      View Details

    Similar Nearby for Sale

    • $850,000
      Pending

      Fredonia Multifamily Investment Opportunity

      Well-maintained 20-unit apartment complex with single-family home.
      346-350 Central Ave, Fredonia, NY 14063
      View Details
    • $339,900
      4,300 SF

      Downtown Fredonia Investment Opportunity

      Two commercial buildings with value-add potential in downtown Fredonia.
      33-35 E Main St, Fredonia, NY 14063
      View Details
    • $549,900
      7,312 SF

      Fredonia Multifamily Investment Opportunity

      Six-unit property near SUNY Fredonia with income potential.
      1 Birchwood Dr, Fredonia, NY 14063
      View Details

    Similar Nearby for Lease

    • $72 SF/Yr
      26,600 SF

      Fredonia Redevelopment Opportunity

      Prime Retail & Warehouse Space in NY
      10376 Bennett Rd, Fredonia, NY 14063
      View Details
    • $425,000
      Pending

      Fredonia Commercial/Industrial Building For Lease

      20,000 SF commercial/industrial building with loading docks and updated features.
      9491 Route 60, Fredonia, NY 14063
      View Details
    • Contact for pricing
      3,220 SF

      Retail Space Near SUNY Fredonia

      Retail space with high visibility and ample parking available for rent.
      10378 Route 60, Fredonia, NY 14063
      View Details
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    70 Brigham Rd
    Fredonia, NY 14063
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    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
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