Five-Office Commercial
For Sale
Contact for pricing
10 Mount Read Boulevard, Rochester, NY 14611
Office configuration includes shared reception, kitchen, and bathroom facilities.
Property Size46,200 SF
Price / SF$0.04
Days on Market86
Property Features for 10 Mount Read Boulevard
General Information
Standard status
Active
Size
46,200 SF
Property subtype
CommercialLease
Amenities
reception area
common kitchen
bathrooms
Listing Agency:
Sirianni Realty LLC
Listed By:
Danny J. Sirianni
(585) 820-5142
Source:
Nicholcityrealty
Added: Jul 25
Changed: Oct 18
Last Checked: Oct 16 at 9:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sirianni Realty LLC
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Investment Insights
Based on property information with market context.
This office property contains five individual offices arranged around a shared reception area. Common kitchen and bathroom facilities support the suite configuration and provide practical shared amenities for occupants.
The property is located at 10 Mount Read Boulevard in Rochester, New York, within ZIP code 14611.
The property is located at 10 Mount Read Boulevard in Rochester, New York, within ZIP code 14611.
Key Highlights
- Five office spaces within the property
- Shared reception area
- Common kitchen for occupants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$664,448
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,288,960
$13.3M
Cap Rate 7%
$9,492,114
$9.5M
Cap Rate 9%
$7,382,756
$7.4M
Market Conditions
NOI Build-Up for 46,200 SF
Gross rent
$1.11M $24.00/SF
− Vacancy
−$222.9K −$4.82/SF
EGI
$885.9K $19.18/SF
− OpEx
−$221.5K −$4.79/SF
NOI
$664.4K $14.38/SF
Area
Rochester, NY
Vacancy
20.10%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,288,960
Cap Rate 7%
$9,492,114
Cap Rate 9%
$7,382,756
Alternative Uses
Best Use
Office B
$9.49M
$8.31M – $11.07M
NOI $664,448 @ 7.0% cap · market cap 36,913.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.66M
$11.07M – $14.77M
NOI $885,931 @ 7.0% cap · market cap 49,218.39%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
597
Businesses Nearby
Explore this area
Business Placement
Demographics for 14611, NY
18,586
Population
8,292
Households
2.2
Avg Household Size
32
Median Age
12%
College-Educated
80%
High-School Grad
2.9 sq mi
ZIP Area
6,409
Density / Sq Mi
$29,870
Median Household Income
$27,109
Median Earnings
$1,024
Median Rent
$77,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Rochester, NY
Frequently Asked Questions
What type of property is this?
Office units - Office configuration includes shared reception, kitchen, and bathroom facilities.
Where is this office units located?
The property is located at 10 Mount Read Boulevard Rochester, NY.
What are key features of this property?
This property features: Five office spaces within the property; Shared reception area; Common kitchen for occupants
