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Property profile & analytics
OFF-MARKET
Estimated value
$3,145,000
Community centers
975 Fairmount Ave Jamestown, NY 14701-2452
Entity Owned
4-yr Hold
Free & Clear
Property ID
US63-3112509
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1994
Total area
113,146 SF
Lot
13.4 ac (583,704 SF)
Zoning code
05 - COMMERCIAL
APN
063889 386.10-1-8
UPID
US63-3112509
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Target Mobile Mobile Phone Store Electronics & Wireless Store
-
CDReload Instant Bitcoin Crypto Atm
-
Target (Bike/Boat/Book/etc) Store Arcade & Gaming Center
-
CVS Pharmacy Pharmacy
-
Starbucks Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.13M
Blend (final)
Blend
$3.15M
Owner & transaction history
Target Corp · 4 yrs held
Target Corp
since 2021
Last sale
$3.2M
3 recorded transactions
Zoning & alternative use
05 - COMMERCIAL · Jamestown, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$5.0M
+128.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Jamestown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jamestown submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,235,000
ML approach
$3,050,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,195,000
Current use
RETAIL STORES
$5,010,000
Change: +128% · Conversion: Easy
Blend value · Realmo final
$3.15M
Range $2.83M – $3.46M · ±10% · vs last sale $3.15M (Oct 13 2021)
Last sale anchor
$3.15M
Oct 13 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$28 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Assessed value
$3,400,000
Assessed 2023
Previous assessed
$3,400,000
+0.0% YoY
Assessed land
$636,000
Assessed improvement
$2,764,000
Land market value
$748,235
Improvement market value
$3,251,765
Total market value
$4,000,000
Applied tax rate
62,201.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1994
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
113,146 SF
Lot
13.4 ac (583,704 SF)
Zoning code
05 - COMMERCIAL
APN
063889 386.10-1-8
UPID
US63-3112509
Jurisdiction
CHAUTAUQUA
Zoning & alternative use
05 - COMMERCIAL · Jamestown, NYZoning 05 - COMMERCIAL · permitted uses
05 - COMMERCIAL · Jamestown, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.2M
RETAIL STORES
Est. value
$5.0M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1994
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
13.4 ac
Current owner
From public records · entity-resolved
Target Corp
Entity
Free & Clear · 4 yrs held
Mailing address
1000 NICOLLET MALL, MINNEAPOLIS, MN 55403-2542
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 13, 2021
$3,150,000
Target Corp
Tf Jamestown Ny LLC
Deed
—
Apr 23, 2019
—
Tf Jamestown Ny LLC
—
Deed
related
$1,100,000 · Hps Investment Ptnrs
Mar 4, 2019
$2,300,000
Tf Jamestown Ny LLC
Cmbs Property LLC
Quit Claim Arm's Length For Ne States
$325,000,000 · Jpp LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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