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

    21 Klein St Rochester, NY 14621

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $219,000

    Rebuilt commercial garage suitable for various business uses.

    Lot size:
    0.11 Acres

    Property Features for 21 Klein St

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.11 Acres

    Building Details

    Year built
    1940

    We can help!

    Listing Contact
    Oksana Babiy
    Source: Elliman

    Listing Agent: Oksana Babiy

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

    Learn more

    Overview

    Rebuilt Multi-Use Commercial Garage

    This rebuilt commercial garage is suitable for various uses, including storage equipment, warehouse, machine shop, automotive, wood working shop, and wholesale. The property features a new rubber membrane flat roof with a section pitched. New electric 480 volts is installed. A new gas air heater and a new water tank are to be installed. The property includes a newly remodeled bathroom and office space. The ceilings are 12' high, and there is a 9' vertical door. The property has a 12+ car parking lot, and the owner will fence in the parking lot.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.6040323
    Latitude
    43.1844787

    Nearby Similar for Lease

    • New
      $1,500 /Mo
      5,646 SF

      Rochester Retail Space Available

      Commercial space for rent in Rochester, New York.
      512 Lyell Ave, Rochester, NY 14606
      View Details
    • $900 /Mo
      288 SF

      Rochester Office Space For Rent

      Office space near George Eastman House with parking included.
      167 Atlantic Ave, Rochester, NY 14607
      View Details
    • $4,000 /Mo
      2,516 SF

      Rochester Auto Shop For Rent

      Auto/Tire shop available for rent in high traffic area.
      3621 Dewey Ave, Rochester, NY 14616
      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
    • $4,000 /Mo
      6,000 SF

      Versatile Commercial Space in Rochester

      6,000 sq ft space ideal for bar or restaurant.
      123 Liberty Pole Way, Rochester, NY 14604
      View Details
    • New
      $1,000 /Mo
      13,670 SF

      Prime Office Space Available

      Handicap accessible office space suitable for various professional uses.
      233 #1 Alexander St, Rochester, NY 14607
      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
    • $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
    • $1,700 /Mo
      1,000 SF

      Rochester Office Space For Rent

      Office space in central location with parking and accessibility features.
      233 #3 Alexander St, Rochester, NY 14607
      View Details
    • $2,700 /Mo
      1,600 SF

      Rochester Office Space For Rent

      Office space in central location with parking and accessibility.
      233 #4 Alexander St, Rochester, NY 14607
      View Details
    • $500 /Mo
      450 SF

      Inviting Retail Space For Rent

      Light, bright, and accessible retail space available for rent.
      233 #2 Alexander St, Rochester, NY 14607
      View Details
    • New
      $550,000
      4,362 SF

      Versatile Commercial Space, Rochester, NY

      Adaptable commercial building suitable for medical, office, or childcare uses.
      353 Island Cottage Rd, Rochester, NY 14612
      View Details

    FAQs

    What type of property is this?
    Flex space - Rebuilt commercial garage suitable for various business uses.
    Where is this flex space located?
    The property is located at 21 Klein St Rochester, NY.
    What is the lease rate?
    The lease rate is $219,000.
    What are key features of this property?
    This property features: - Fully rebuilt commercial garage suitable for multiple uses.; - Immediate possession available.; - New 480-volt electrical system installed.
    (585) 727-2922
    Request Owner's contact information
    21 Klein St Rochester, NY 14621
    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.
    21 Klein St
    Rochester, NY 14621
    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
    21 Klein St Rochester, NY 14621
    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
    Oksana Babiy
    (585) 727-2922
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!