1500 W Ridge Rd, Rochester, NY
Stand-alone retail property with long-term tenant in place.
- Added:
- Dec 31, 2024
- Days on Market:
- 549
- Last Refresh:
- May 19 at 10:23 pm
Property Features for 1500 W Ridge Rd
General Information
- Standard status
- Active
- Size
- 5,791 SF
- Lot size
- 16.84 Acres
- Property subtype
- RETAIL
Properties For Sale
at 1500 W Ridge Rd Contact usListing office Caliber Commercial Brokerage, LLC (585) 509-0632
Listing date Dec 31, 2024
Source Moodyscre
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 Caliber Commercial Brokerage, LLC
HighLights
- Long‑term Buffalo Wild Wings tenant in place
- Five‑year double net (NN) lease with renewal options
- Generates $93,500 annual income
- Tenant responsible for taxes, insurance, and CAM
- High visibility at a bustling intersection
- 92 parking spaces
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $125.1k | $21.60 |
| − Vacancy | −$12.9k | −$2.22 |
| EGI | $112.2k | $19.38 |
| − OpEx | −$28.1k | −$4.84 |
| NOI | $84.2k | $14.53 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Rochester
- County
- Monroe
- State
- New York
- Longitude
- -77.6671
- Latitude
- 43.2058
