Corner
1176 Portland Avenue, Rochester, NY 14621
For Sale
New
Contact for pricing
A fully cleared interior and recently installed building systems leave the space ready for a new tenant’s buildout.
Property Size5,940 SF
Price / SF$0.25
Days on Market4
Property Features for 1176 Portland Avenue
General Information
Standard status
Size
Listing Agency:
Blain Realty, Inc.
Listed By:
Robert P. Blain · License NY 31BL1064933
(585) 244-8980
Source:
Nicholcityrealty
Added: Nov 8
Last Checked: Nov 10 at 8:28AM
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 Blain Realty, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5,940-square-foot storefront has been stripped to the interior shell, giving an incoming occupant room to plan a custom layout. A new bathroom and furnace are already in place.
The property sits at the Portland Avenue and Norton Street intersection, where the streets meet at a traffic signal.
The property sits at the Portland Avenue and Norton Street intersection, where the streets meet at a traffic signal.
Key Highlights
- 5,940‑square‑foot storefront
- At the Portland Avenue and Norton Street intersection, controlled by a traffic signal
- Gutted interior ready for a new buildout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,562
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,611,240
$1.6M
Cap Rate 7%
$1,150,886
$1.2M
Cap Rate 9%
$895,133
$895.1K
Market Conditions
NOI Build-Up for 5,940 SF
Gross rent
$128.3K $21.60/SF
− Vacancy
−$13.2K −$2.22/SF
EGI
$115.1K $19.38/SF
− OpEx
−$34.5K −$5.81/SF
NOI
$80.6K $13.56/SF
Area
Rochester, NY
Vacancy
10.30%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,611,240
Cap Rate 7%
$1,150,886
Cap Rate 9%
$895,133
Alternative Uses
Best Use
Retail
$1.15M
$1.01M – $1.34M
NOI $80,562 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.63M
$1.42M – $1.90M
NOI $113,905 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,838
Businesses Nearby
22k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Family Dollar
Shops & Services
9,474 visits/mo
0.1 miles
Mobil
Shops & Services
6,008 visits/mo
0.4 miles
Marathon Petroleum
Shops & Services
5,362 visits/mo
0.4 miles
Freeway Insurance Services
Shops & Services
1,111 visits/mo
0.4 miles
Jackson Hewitt Tax Service
Shops & Services
507 visits/mo
0.5 miles
Demographics for 14621, NY
32,891
Population
15,013
Households
2.2
Avg Household Size
35
Median Age
12%
College-Educated
76%
High-School Grad
4.1 sq mi
ZIP Area
8,022
Density / Sq Mi
$36,534
Median Household Income
$31,704
Median Earnings
$989
Median Rent
$83,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Storefront properties in Rochester, NY
Properties on Market for Storefront properties in Rochester
Vacancy Rate% for Retail in Rochester, NY
Similar Off Market Nearby
- SameDay-FlowerDelivery — 999 east ridge road, rochester, ny 14621
Frequently Asked Questions
What type of property is this?
Storefront property - A fully cleared interior and recently installed building systems leave the space ready for a new tenant’s buildout.
Where is this storefront property located?
The property is located at 1176 Portland Avenue Rochester, NY.
What are key features of this property?
This property features: 5,940‑square‑foot storefront; At the Portland Avenue and Norton Street intersection, controlled by a traffic signal; Gutted interior ready for a new buildout
