Property summary
Exceptional investment opportunity: a fully leased, 7,000 square foot, single-story office building located at 775-778 Fairmount Avenue, Jamestown, NY 14701. This Class B, multi-tenant property boasts 100% occupancy with five units under triple net (NNN) leases. Built in 2001, the building features a low-maintenance brick exterior and ample parking (35 spaces). The property sits on a 0.67-acre lot in a highly visible and desirable location within a thriving commercial area. Tenants include a diverse mix of established businesses, including an engineering firm, investment advisory firm, mental health clinic, licensed massage therapist, and a dentist. The building benefits from a strong history of occupancy and a current cap rate of 8.7%. A brand new roof was installed in October 2024. The property is zoned for professional office use and presents a stable, income-producing asset ideal for investors seeking a secure return. The asking price is $1,300,000.
Property profile
VerifiedCap rate & NOI
Current use
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Construction Company General Contractor
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Jamestown market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
05 - COMMERCIAL · Jamestown, NYZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 05 - COMMERCIAL in Jamestown, NY.
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Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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