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    The Largest CRE Database in the US with Over 1 Million Listings

    199 Parrish Street Ext Canandaigua, NY 14424

    Sponsored
    For Sale
    $699,000

    SINGLE_FAMILY - Canandaigua, NY

    Type:Office
    Property size:
    6,208 SF
    Lot size:
    0.62 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 2 at 4:06 pm

    Property Features for 199 Parrish Street Ext

    General Information

    Special listing conditions
    Standard
    Property type
    Residential
    Property subtype
    Office
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    H-R
    Rooms
    Basement
    APN
    320200-083-020-0002-014-001
    Parking
    31
    Accessibility
    Accessible Approach with Ramp
    Size
    6,208 SF
    Lot size
    0.62 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Forced Air, Zoned, Natural Gas
    Cooling system
    Zoned, Central Air
    Water source
    Public

    Building Details

    Year built
    1991
    Floors in Building
    1
    Flooring type
    Carpet, Vinyl, Linoleum
    Building materials
    Block
    Roof type
    Shingle

    We can help!

    Listing Contact
    Evan Schaefer

    NORCHAR (585) 333-2906

    Listing agent Evan Schaefer (585) 244-4444 License #10301220657

    Listing date Feb 2, 2026

    MLS# R1660341

    Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Medical Office Building Near Hospital

    This former medical office building, located directly across from UR Thompson Hospital, offers an opportunity for healthcare operators, professional practices, or investors. Constructed in 1991, the two-story building has 6,208 square feet and sits on a 0.62-acre parcel with approximately 31 parking spaces. The rear lot provides scenic views of Canandaigua Lake. The building was designed to accommodate dual practice occupancy and previously housed two separate medical users. It is configured with over 12 private office or treatment rooms, multiple conference and consultation rooms, and 5 restrooms across both floors, as well as a full kitchen and staff break room. One half of the building was renovated in 2007, providing updated finishes and modernized clinical layouts. Mechanical infrastructure includes two forced air HVAC systems (2010), three supplemental mini-split units for enhanced temperature control (2010-2012), a backup generator (2013), and dual 200 amp electrical panels. The building has a single gas meter. Nearby providers include Dental and Orthodontic Offices, Eye Care Centers, UR Medicine Laboratories, Lakeside ENT and Allergy, and other specialty healthcare providers such as Gastroenterology Practices and Hearing Aid Centers. The property is zoned H-R and is suited for medical offices, clinics, specialty practices, research or diagnostic uses, or future health-oriented redevelopment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Finger Lakes Equestrian Center

    Location Insight

    • Map
    • Local Demand
    City
    Canandaigua
    County
    Ontario
    State
    New York
    Longitude
    -77.286712
    Latitude
    42.875708

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    FAQs

    What type of property is this?
    Medical office - Two-story, 6,208 SF medical office building for sale.
    Where is this medical office located?
    The property is located at 199 Parrish Street Ext Canandaigua, NY.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: - Directly across from UR Thompson Hospital in Canandaigua's established medical corridor.; - **6,208+\/- sq ft facility on 0.62-acre parcel with +\/-31 parking spaces and Canandaigua Lake views.**; - **Designed for dual practice occupancy with over 12 private offices/treatment rooms, multiple conference rooms, 5 restrooms, and a full kitchen.**
    (585) 244-4444
    Request Owner's contact information
    199 Parrish Street Ext Canandaigua, NY 14424
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    Canandaigua, NY 14424
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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
    199 Parrish Street Ext Canandaigua, NY 14424
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    We can help!
    Listing Contact
    Evan Schaefer
    Real Estate License ID: 10301220657
    (585) 244-4444
    Learn more
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