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    Property profile & analytics

    44 Batavia City Ctr Batavia, NY 14020-2107

    • Super regional malls
    • 1,123 SF
    • 0.03 lot acres
    OFF-MARKET
    Last Sale
    Jul 27, 2025
    $47,000
    Value Estimations
    $250,000
    Show details
    Cap Rate Potential
    5.3%
    Super regional malls
    Location Intelligence
    Property ID
    US63-2088714
    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.

    Current Use by Public Records

    • Super regional malls

    Property Details for 44 Batavia City Ctr

    Year built
    1978
    Lot size
    0.03 lot acres
    Property size
    1,123 SF
    Property type
    Super regional malls
    APN
    180200 84.049-1-66
    APU
    18020084049166

    Description

    This exceptional 1,123 square foot commercial space is located within the revitalized Batavia City Centre Mall in Batavia, NY. Situated on a 0.03-acre lot, this unit offers a fantastic opportunity for a new or existing business. The property features a large, open floor plan ideal for retail display, complemented by a private office, restroom, and an enclosed bonus room, providing versatile space for various business needs. Recent improvements to the mall significantly enhance its appeal and functionality. These include a new roof installed in 2022, four new entrances planned for completion in 2024, and a recently resurfaced parking lot with added handicap parking spaces within the last five years. Interior upgrades completed in 2017 included fresh paint, while energy-efficient LED lighting was installed in 2023. Ongoing renovations are currently updating the mall's ceiling, with plans to replace the flooring in the near future. The mall's recent influx of new businesses creates a thriving commercial environment, making this a prime location for growth and success. This property is priced at $69,999. Showings and negotiations commence Thursday, October 31st, at 9:00 AM. Don't miss this chance to secure a thriving business location in a revitalized mall.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $275,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $240,000
      6.5%
      $225,000
      7%
      $205,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Batavia
    County
    Genesee
    State
    New York
    Longitude
    -78.1843
    Latitude
    42.9985
    CBSA code
    12860
    CBSA name
    BATAVIA, NY MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $12,000
    $19,000
    $31,000
    -
    $12,371
    $19,588
    $31,959

    Comparable in this City

    • Value Estimation
      $265,000
      5,530 SF

      17-20 Batavia City Ctr

      REGIONAL SHOPPING CENTER, MALL • 5,530 SF
      17-20 Batavia City Ctr, Batavia, NY 14020
      View Details
    • Value Estimation by Request
      46,462 SF

      102 Main St Rear

      REGIONAL SHOPPING CENTER, MALL • 46,462 SF
      102 Main St Rear, Batavia, NY 14020-2111
      View Details
    • Value Estimation
      $265,000
      4,267 SF

      50 Batavia City Ctr

      REGIONAL SHOPPING CENTER, MALL • 4,267 SF
      50 Batavia City Ctr, Batavia, NY 14020-2107
      View Details
    • Value Estimation
      $675,000
      61,973 SF

      4180 Veterans Memorial Dr, Unit 4200

      REGIONAL SHOPPING CENTER, MALL • 61,973 SF
      4180 Veterans Memorial Dr, Batavia, NY 14020-1273
      View Details
    • Value Estimation
      $270,000
      1,405 SF

      30 Batavia City Ctr

      REGIONAL SHOPPING CENTER, MALL • 1,405 SF
      30 Batavia City Ctr, Batavia, NY 14020-2107
      View Details
    • Value Estimation
      $270,000
      725 SF

      28 Batavia City Ctr

      REGIONAL SHOPPING CENTER, MALL • 725 SF
      28 Batavia City Ctr, Batavia, NY 14020-2107
      View Details

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    Batavia, NY 14020-2107
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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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