Building Details

Building Size 5,136 SF

Year Built 2005

Listing Agency: Blain Realty, Inc.

Listed By: Robert P. Blain · License #31BL1064933 Show Phone

Source: Griffith-realty

Added: Jun 1 Changed: Oct 8 Last Checked: Oct 23 at 1:00PM

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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.

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Investment Insights

Based on property information with market context.

This approximately 5,200-square-foot flex/industrial-style commercial building features an open-concept interior designed for adaptable use. The property includes ample paved parking and offers potential for a drive-thru or drive-up window, depending on tenant plans. Immediate occupancy is available. The building has operated previously as a brewery and has also been utilized as a daycare center.

Located at 1192 Manitou Road in Greece, New York, the property sits on a signalized corner intended to provide strong visibility and street presence with strong daily traffic counts.

Commercial zoning supports a variety of uses, and the current layout can be configured to fit a range of business concepts.

Key Highlights

• 5,200 SF commercial building with a flexible open‑concept layout
• Signalized corner location with high traffic counts and strong street presence
• Commercial zoning (COM) supporting a variety of uses

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$53,036

Cap Rate

7.07%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,060,720 $1.1M

Cap Rate 7%

$757,657 $757.7K

Cap Rate 9%

$589,289 $589.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,200 SF

Gross rent

$81.1K $15.60/SF

− Vacancy

−$5.4K −$1.03/SF

EGI

$75.8K $14.57/SF

− OpEx

−$22.7K −$4.37/SF

NOI

$53.0K $10.20/SF

Area

Rochester, NY

Vacancy

6.60%

Lease Rate

$15.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,060,720

Cap Rate 7%

$757,657

Cap Rate 9%

$589,289

Alternative Uses

Best Use

Industrial

$757.7K

$663.0K – $883.9K (±1% cap)

NOI $53,036 @ 7.0% cap · market cap 7.07%

Second Best

Flex RnD

$703.5K

$615.6K – $820.8K (±1% cap)

NOI $49,248 @ 7.0% cap · market cap 6.57%

Theoretical Best

Office A

$1.42M

$1.25M – $1.66M (±1% cap)

NOI $99,715 @ 7.0% cap · market cap 13.30%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Building Supply Restaurant Dental Office Auto Repair Shop Hair Salon HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

22

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 14468, NY

19,174

Population

7,245

Households

2.6

Avg Household Size

44

Median Age

35%

College-Educated

96%

High-School Grad

52.6 sq mi

ZIP Area

365

Density / Sq Mi

$97,476

Median Household Income

$50,399

Median Earnings

$1,160

Median Rent

$213,900

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Flexible open-concept building on a signalized corner with paved parking and commercial zoning in Greece, NY.

Where is this flex space located?

The property is located at 1192 Manitou Road Greece, NY.

What is the asking price?

The asking price for this property is $750,000.

What are key features of this property?

This property features: 5,200 SF commercial building with a flexible open‑concept layout; Signalized corner location with high traffic counts and strong street presence; Commercial zoning (COM) supporting a variety of uses