Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown Retail Space Available Title is generated by Realmo AI

    103 Court St, Rochester, NY 14604

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    4,165 SF retail space in downtown Rochester.

    Type:Retail
    Property size:
    4,165 SF
    Added:
    Oct 31, 2022
    Days on Market:
    1314
    Last Refresh:
    May 12 at 9:47 pm

    Property Features for 103 Court St

    General Information

    Standard status
    Active
    Size
    4,165 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2019

    Spaces For Lease

    at 103 Court St Contact us

    Suite Available $16/Mo

    Size
    2,267 SF
    Type
    Retail
    Contact us

    Available Space 2 $20/Mo

    Size
    1,800 SF
    Type
    Retail
    Contact us

    We can help!

    Listing Contact
    Peter Gillett

    Listing agent Peter Gillett License #NY 10491208239

    Listing office Flaum Management Company, Inc.

    Listing date Oct 31, 2022

    Source Crexi

    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 Flaum Management Company, Inc.

    HighLights

    • 4,165 sq ft retail space in a high‑traffic downtown location.
    • Located at the corner of Court Street and South Avenue.
    • Immediately adjacent to the Dinosaur Bar‑b‑que.
    • Part of a 130‑unit upscale apartment development with street‑front retail.
    • Neighboring developments include the Court Street Parking Garage, Bluecross Arena, and Rundel Library.
    • Built in 2019.

    Overview

    This retail commercial space, known as The Nathaniel, offers 4,165 square feet of retail space. It is positioned at the corner of Court Street and South Avenue, situated in the heart of downtown. The location benefits from a high-traffic intersection and is immediately adjacent to the Dinosaur Bar-b-que. Additional neighboring developments include the Court Street Parking Garage, Bluecross Arena, and the Rundel Library, as well as numerous other entertainment venues, office buildings, and residential properties. The property is part of a 130-unit upscale apartment development that includes street-front retail space.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Event Venue Hotel & Motel Promenade At Erie Harbor City Park Rochester River Walk Corporate Office Snow Top Media Film Production

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.6079989
    Latitude
    43.1528036

    Nearby Similar for Lease

    • $750/Mo
      7,000 SF

      Move-in Ready Office Spaces Available

      Furnished/unfurnished office suites in downtown Rochester's landmark Sibley Square.
      260 E Main Street, Rochester, NY 14604
      View Details
    • $11 SF/Yr
      4,100 SF

      Unique Rochester Commercial Flex Space

      4,100 SF flex space with culinary infrastructure for lease.
      444 Central Avenue, Rochester, NY 14605
      View Details
    • $2,300/Mo
      1,650 SF

      Updated Commercial Space in Rochester

      Updated commercial space suitable for various businesses, available immediately.
      1704 Monroe Avenue, Rochester, NY 14618
      View Details
    • $1,000/Mo
      5,646 SF

      Rochester Commercial Space for Rent

      Commercial space available, previously a laundromat, being leased as-is.
      512 Lyell Avenue, Rochester, NY 14606
      View Details
    • $3,000/Mo
      3,294 SF

      Rochester Commercial Building For Lease

      Freestanding building suitable for commercial, office, tech, and light manufacturing.
      2565 Brighton Henrietta Town Line Road, Rochester, NY 14623
      View Details
    • $1.00 SF/Yr
      2,916 SF

      Freestanding Building in Emerging District

      High-visibility 2,916 SF building in Rochester's active retail corridor.
      266-270 Monroe Avenue, Rochester, NY 14607
      View Details
    • $4,000/Mo
      6,000 SF

      Versatile Commercial Space in Rochester

      6,000 sq ft space ideal for bar or restaurant.
      123 Liberty Pole Way, Rochester, NY 14604
      View Details
    • $590,000 SF/Yr
      8,320 SF

      Versatile Office Building in Rochester

      8320 sq ft office building with flexible leasing options.
      1171 Titus Avenue, Rochester, NY 14617
      View Details
    • $279,900 SF/Yr
      5,646 SF

      Mixed-Use Investment Opportunity

      Six-unit income property with commercial space in Rochester, NY.
      512 Lyell Avenue, Rochester, NY 14606
      View Details
    • $12 SF/Yr
      2,516 SF

      Former Jiffy Lube For Rent

      Auto/Tire shop available for rent in high traffic area.
      3621 Dewey Avenue, Rochester, NY 14616
      View Details
    • $14 SF/Yr
      39,831 SF

      Prime Downtown Rochester Commercial Space

      Build-to-suit opportunity in the heart of Downtown Rochester.
      49 Stone Street, Rochester, NY 14604
      View Details
    • $15 SF/Yr
      2,400 SF

      Brighton Office Suite for Lease

      2,400 SF office suite in desirable Brighton commercial corridor.
      37 Allens Creek Road, Rochester, NY 14618
      View Details

    FAQs

    What type of property is this?
    Retail space - 4,165 SF retail space in downtown Rochester.
    Where is this retail space located?
    The property is located at 103 Court St Rochester, NY.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: 4,165 sq ft retail space in a high‑traffic downtown location.; Located at the corner of Court Street and South Avenue.; Immediately adjacent to the Dinosaur Bar‑b‑que.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Peter Gillett
    Real Estate License ID: NY 10491208239
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    103 Court St, Rochester, NY 14604
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!