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    444 Central Ave Rochester, NY 14605

    View on Map
    Sponsored
    For Lease
    $11 SF/Yr

    COMMERCIAL - Rochester, NY

    Property size:
    88,404 SF
    Lot size:
    0.44 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 16 at 11:06 pm

    Property Features for 444 Central Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    CCD-B
    Rooms
    Basement
    APN
    261400-106-640-0001-021-000-0000
    Parking
    10
    Parking features
    Paved or Surfaced
    Size
    88,404 SF
    Lot size
    0.44 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Zoned, Space Heater, Natural Gas, Forced Air
    Cooling system
    Zoned

    Building Details

    Year built
    1900
    Floors in Building
    1
    Building materials
    Brick, Block
    Roof type
    Flat

    We can help!

    Listing Contact
    Jeff Krampen
    Jeff Krampen

    RE/MAX Realty Group (585) 248-0250

    Listing agent Jeff Krampen (585) 719-3500 License #40KR1056906

    Listing date Mar 16, 2026

    MLS# R1666956

    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

    Unique Commercial Flex Space Available

    This unique 4,100 SF commercial flex space is available for lease in Rochester's Center City District. The property is zoned CCD-B, allowing a wide variety of commercial uses. Blending industrial character with turnkey culinary infrastructure, this distinctive property is ideal for food production, creative studios, and specialty business operations. The space features a commercial kitchen with 3-phase electrical service, three walk-in coolers, a commercial hood/exhaust system, and extensive prep space, making it perfect for ghost kitchens, catering companies, meal prep and nutrition businesses, food startups, or culinary production operations. Ramp and dock access provide convenient loading and delivery capability. The property opens into a loft-style workspace with exposed brick, hardwood floors, high ceilings, large industrial windows, and abundant natural light. This flexible area is ideal for office operations, creative studios, team collaboration, tastings, culinary classes, or private events. Additional separate office/meeting rooms support administrative and presentation needs. The property includes 10+ parking spaces and additional exterior space for operational flexibility. The layout is well suited for private culinary experiences, production kitchens, delivery-based food brands, or specialty food entrepreneurs seeking a unique and functional space. The lot size is 0.4409 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rochester Storage Storage Facility Julia K. Caters Take-out & Catering Allure Nightclub Nightclub

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Law Firm Hair Salon Nail Salon

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

    Similar Places Nearby

    Kombucharista, Food truck parking, Morgan's Cereal Bar, Dinosaur Bar-B-Que, AVVINO Catering

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.605046
    Latitude
    43.163103

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    FAQs

    What type of property is this?
    Flex space - 4,100 SF commercial flex space in Rochester's Center City.
    Where is this flex space located?
    The property is located at 444 Central Ave Rochester, NY.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: - 4,100 SF commercial flex space in Rochester's Center City District with CCD-B zoning.; - Turnkey commercial kitchen with **3-phase electrical, three walk-in coolers, hood/exhaust system, and extensive prep space.**; - Loft-style workspace with **exposed brick, hardwood floors, high ceilings, large industrial windows, and abundant natural light.**
    (585) 719-3500
    Request Owner's contact information
    444 Central Ave Rochester, NY 14605
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    Rochester, NY 14605
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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
    444 Central Ave Rochester, NY 14605
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    We can help!
    Listing Contact
    Jeff Krampen
    Jeff Krampen
    Real Estate License ID: 40KR1056906
    (585) 719-3500
    Learn more
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