Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    50 State St Pittsford, NY 14534

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $15 SF/Yr ($1,000 /Mo)

    Office space available for lease in Pittsford, New York.

    Property size:
    800 SF
    Lot size:
    2.77 Acres

    Property Features for 50 State St

    General Information

    Size
    800 SF
    Lot size
    2.77 Acres

    We can help!

    Listing Contact
    Howard D. Kravetz
    Source: Moodyscre

    Listing Agent: Howard D. Kravetz

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Office Space in Pittsford, NY

    This property offers office space for rent, encompassing a total area of 800 square feet. Located in Pittsford, New York, the property is suitable for office-related activities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Northfield Music Music Store Dolce Cupcakery | Rochester Cake Shop Olives Greek Restaurant JTH Agency Gun Shop madison sophia jewelry Jeweler

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Pittsford
    County
    Monroe
    State
    New York
    Longitude
    -77.5103232
    Latitude
    43.0895823

    Nearby Similar for Lease

    • $13 SF/Yr
      1,222 SF

      Pittsford Village Office Suite

      Versatile office space in Pittsford Village Green Office Park.
      59 Monroe Ave, Pittsford, NY 14534
      View Details
    • New
      $24 SF/Yr
      10,484 SF

      Renovated Office Space in Pittsford

      Renovated office building with ample parking in Bushnell Basin.
      656 Kreag Rd, Pittsford, NY 14534
      View Details
    • $1,500 /Mo
      1,375 SF

      Pittsford Village Office Space

      1375 SF office space in the heart of Pittsford Village.
      16-20 S Main St, Pittsford, NY 14534
      View Details
    • $12 SF/Yr
      2,444 SF

      Pittsford Medical Office Space For Sale

      Prime Medical Office, Pittsford, NY - 2,222 SF Available
      59 D Monroe Ave, Pittsford, NY 14534
      View Details
    • $14 SF/Yr
      5,035 SF

      Meadowgate Office Park: Prime Medical Space

      Spacious Medical/Executive Offices, Monroe County
      101 Trl, Pittsford, NY 14534
      View Details
    • $18 SF/Yr
      20,000 SF

      Pittsford Office Space Available

      Prime Pittsford location, flexible office suites.
      1170 Pittsford Victor Rd, Pittsford, NY 14534
      View Details
    • $19 SF/Yr
      8,992 SF

      Pittsford Office Space for Lease

      Prime Pittsford office, 2,500 sq ft available.
      683 Pittsford Victor Rd, Pittsford, NY 14534
      View Details
    • $19 SF/Yr
      1,364 SF

      Office Space in Pittsford

      Office space in park-like setting, convenient Pittsford location.
      115 Trl Sully's, Pittsford, NY
      View Details
    • $21 SF/Yr
      3,906 SF

      Office Space in Pittsford Location

      Office space in park-like setting, easily accessible location.
      145 Trl Sully's, Pittsford, NY
      View Details
    • Contact for pricing
      4,262 SF

      Office Space in Pittsford, NY

      Office space for rent with abundant parking and central location.
      500 Willowbrook Office Park, Pittsford, NY
      View Details
    • $495 /Mo

      Office Space in Pittsford Basin

      Second-floor office suites available in the heart of Pittsford.
      1478 Marsh Rd, Pittsford, NY 14534
      View Details
    • Contact for pricing
      1,792 SF

      Office Space Near I-490

      Office space with convenient highway access and ample parking.
      1250 Pittsford Victor Rd, Pittsford, NY 14534
      View Details

    FAQs

    What type of property is this?
    Office space - Office space available for lease in Pittsford, New York.
    Where is this office space located?
    The property is located at 50 State St Pittsford, NY.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: - Office space available for lease; - Located in Pittsford, New York
    (585) 314-8080
    Request Owner's contact information
    50 State St Pittsford, NY 14534
    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.
    50 State St
    Pittsford, NY 14534
    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
    50 State St Pittsford, NY 14534
    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

    We can help!
    Listing Contact
    Howard D. Kravetz
    (585) 314-8080
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.