Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    205 Jefferson Road Henrietta, NY 14623

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $15 SF/Yr $181,250/Mo (calc)

    Endcap and inline spaces for lease near Rochester Institute Technology.

    Type:Retail
    Property size:
    145,000 SF
    Added:
    Nov 26, 2025
    Days on Market:
    155
    Last Refresh:
    Apr 5 at 8:48 pm

    Property Features for 205 Jefferson Road

    General Information

    Standard status
    Active
    Size
    145,000 SF
    Property subtype
    Retail

    Spaces For Lease

    at 205 Jefferson Road Contact us

    We can help!

    Listing Contact
    Brian Donovan
    Brian Donovan

    Listing agent Brian Donovan License #NY #10491202934

    Listing office Donovan Real Estate Services

    Listing date Nov 26, 2025

    Source Donovanres

    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 Donovan Real Estate Services

    Overview

    Retail/Office Space Near RIT Campus

    Available for lease are endcap and inline office and restaurant spaces situated at Park Point at RIT. This mixed-use project, constructed in 2008, is located on the campus of Rochester Institute of Technology (RIT) at the intersection of Jefferson Road (Rt. 252) and John Street. The property features first-floor retail space and three floors of student housing, complemented by an open courtyard suitable for events. Signage opportunities are available, fronting Jefferson Road (Rt. 252). The location is in close proximity to over 5 million square feet of office and industrial space. Current co-tenants include Loving Cup Bistro, Royal of India Restaurant, Mecate Mexican Restaurant, and Cornerstone Advisory Group. Park Point also houses RIT's new 40,000 square foot Administrative Offices building. RIT has a student population of 18,600, with an additional 2,382 faculty and staff members. Gross Lease. Signage Available. Next to RIT Campus.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Similar Places Nearby

    • Quick-Tag — Walmart Supercenter, 1200 Marketplace Dr, Rochester, NY 14623
    • Greine Energy — 60 Commerce Dr, Rochester, NY 14623
    • Jay Scutti Plaza — 1000 Hylan Dr #5, Rochester, NY 14623
    • Market Commons — 100 Marketplace Dr, Rochester, NY 14623
    • The Marketplace Mall — 1 Miracle Mile Dr, Rochester, NY 14623

    Map

    City
    Henrietta
    County
    Monroe
    State
    New York
    Longitude
    -77.6588
    Latitude
    43.0927

    Nearby Similar for Lease

    • $6 SF/Yr

      Adaptable Office/Warehouse Space Available

      Versatile 3,750 SF space customizable to tenant needs.
      205 Summit Pt Dr, Henrietta, NY
      View Details
    • Contact for pricing

      5,000 SF Retail Pad Site

      5,000 SF pad site with high visibility on Jefferson Rd.
      544 Jefferson Rd, Henrietta, NY 14623
      View Details
    • Contact for pricing

      Henrietta Warehouse Space For Lease

      Warehouse space with ample parking, convenient highway access.
      999 Lehigh Sta Rd, Henrietta, NY
      View Details
    • Contact for pricing

      Henrietta Retail Space For Rent

      Community center retail space available in Henrietta, New York.
      3150 W Henrietta Rd, Henrietta, NY 14623
      View Details
    • Contact for pricing

      Retail Space on West Henrietta

      Retail space with parking and pylon sign availability.
      4835 W Henrietta Rd, Henrietta, NY
      View Details
    • $20 SF/Yr

      Class A Medical/Retail Endcap Unit

      2,243 SF end-cap unit in Henrietta, NY for lease.
      2685 E Henrietta Rd, Henrietta, NY
      View Details
    • Contact for pricing

      Henrietta Distribution Facility with Parking

      Distribution facility with ample parking and easy highway access.
      330 Clay Rd, Henrietta, NY
      View Details

    FAQs

    What type of property is this?
    Shopping center - Endcap and inline spaces for lease near Rochester Institute Technology.
    Where is this shopping center located?
    The property is located at 205 Jefferson Road Henrietta, NY.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Located next to RIT campus with a combined student, faculty, and staff population of over 20,000.; Signage available fronting Jefferson Rd (Rt. 252).; **Endcap and inline office/restaurant spaces available.**
    (716) 998-2943
    We can help!
    Listing Contact
    Brian Donovan
    Brian Donovan
    Real Estate License ID: NY #10491202934
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!