Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    230 Waring Rd Rochester, NY 14609

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $4,900 /Mo

    Retail space with drive-thru, bus line access, ample parking.

    Building Details

    Year built
    1978

    We can help!

    Listing Contact
    Jay W. Gelb
    Source: Elliman

    Listing Agent: Jay W. Gelb

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

    Learn more

    Overview

    Former Bank Retail Space Available

    This property, formerly a Citizens Bank, offers retail space with two drive-thru lanes. It features ample free parking and is located directly on a bus line. Other tenants in the building include Family Dollar, M&T Bank, the Department of Labor, and USPS. The property is suitable for any business.
    Location Intelligence

    Current Use by Public Records

    Banks

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.5650055
    Latitude
    43.1835075

    Nearby Similar for Lease

    • $535,000
      4,362 SF

      Versatile Commercial Space Near Arcadia High

      Adaptable commercial building suitable for medical, office, or childcare uses.
      353 Island Cottage Rd, Rochester, NY 14612
      View Details
    • $5,000 /Mo
      4,362 SF

      Rochester Medical/Professional Office Space

      Meticulously maintained medical building suitable for various professional uses.
      353 Island Cottage Rd, Rochester, NY 14612
      View Details
    • $2,300 /Mo
      1,650 SF

      Updated Commercial Space on Monroe

      Updated commercial space suitable for salon, retail, office, or medical.
      1704 Monroe Ave, Rochester, NY 14618
      View Details
    • $15 SF/Yr
      32,052 SF

      Linden Oaks Office Space Available

      Office spaces for rent in a well-maintained park-like setting.
      100 Linden Oaks, Rochester, NY 14625
      View Details
    • $10 SF/Yr
      20,781 SF

      Stone Gate Office Complex Suites

      Flexible office spaces available in a well-maintained Rochester complex.
      2005 Lyell Ave, Rochester, NY 14606
      View Details
    • $14 SF/Yr
      6,000 SF

      Rochester Office Spaces for Lease

      Office spaces available with flexible layouts and included amenities.
      1577 W Ridge Rd, Rochester, NY 14615
      View Details
    • $590,000
      8,320 SF

      Versatile Office Building in Rochester

      8320 sq ft office building with flexible leasing options.
      1171 Titus Avenue Ext, Rochester, NY 14617
      View Details
    • $15 SF/Yr
      2,400 SF

      Brighton Office Suite for Lease

      2,400 SF office suite in desirable Brighton commercial corridor.
      37 Allens Creek Rd, Rochester, NY 14618
      View Details
    • $925 /Mo
      21,342 SF

      Stately Office Building in Rochester

      Charming office building with modern amenities and convenient location.
      16 N Goodman St, Rochester, NY 14607
      View Details
    • $4,500 /Mo
      5,440 SF

      Rochester Commercial Property with Acreage

      5,440 sq ft building on 4.18 acres in Rochester.
      50 Wilbur Tract Rd, Rochester, NY 14609
      View Details
    • $1,000 /Mo
      13,670 SF

      Updated Office Space Available

      Handicap accessible office space with flexible options in central location.
      233 Alexander St, Rochester, NY 14607
      View Details
    • $1.00 SF/Yr
      2,916 SF

      Freestanding Building in Emerging District

      High-visibility 2,916 SF building in Rochester's active retail corridor.
      266-270 Monroe Ave, Rochester, NY 14607
      View Details

    FAQs

    What type of property is this?
    Bank - Retail space with drive-thru, bus line access, ample parking.
    Where is this bank located?
    The property is located at 230 Waring Rd Rochester, NY.
    What are key features of this property?
    This property features: - Two drive-thru lanes.; - High-traffic location directly on a bus line.; - Plenty of free parking.
    (585) 263-4353
    Request Owner's contact information
    230 Waring Rd Rochester, NY 14609
    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.
    230 Waring Rd
    Rochester, NY 14609
    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
    230 Waring Rd Rochester, NY 14609
    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
    Jay W. Gelb
    (585) 263-4353
    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.