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    76 S Main St Fairport, NY 14450

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    For Sale
    $850,000

    Commercial property in Fairport, NY, with office and retail potential.

    Lot size:
    0.55 Acres

    Property Features for 76 S Main St

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.55 Acres

    Building Details

    Year built
    1920

    We can help!

    Listing Contact
    Robert J. Ruhland
    Source: Elliman

    Listing Agency: Keller Williams Realty Greater Rochester Listing Agent: Robert J. Ruhland

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

    Learn more

    Overview

    Fairport Village Commercial Opportunity

    Located in the village of Fairport, this property presents a business location opportunity suitable for a variety of service businesses, including advertising agencies and law offices. The property is currently zoned as a 2-family. The building features a dry stone wall basement with tight mortar and a full bathroom, along with two separate HVAC systems. A ramp provides ADA compliance. The property includes an attached garage with an office above, as well as a separate 3-car garage. Approximately 20 parking spots are accessible from Main Street and a back public parking lot. The first floor includes two half bathrooms and two large gathering areas, one rectangular and the other pie-shaped. The second floor unit, previously used as owner-occupied or rented to a tenant, features 3-4 bedrooms, 2 bathrooms, an enclosed back porch, a kitchen, a dining room, and a walk-up attic. The property is located in Fairport, near the Erie Canal, the Historical LiftBridge, and the NYS Erie Canal Trail Path. Three train tracks converge in Fairport with a train viewing platform. Fairport is known for its restaurants, ice cream parlors, retail shopping, a distillery, and microbreweries. The area has several business community support organizations, and hosts Canal Days, Musicfests, and Octoberfest, along with weekly music events.
    Location Intelligence

    Current Use by Public Records

    David A Doser Funeral ... Social Service Agency

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairport
    County
    Monroe
    State
    New York
    Longitude
    -77.442315
    Latitude
    43.099461

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      76 Main St, Fairport, NY 14450

      Commercial real estate • 6,651 SF
      76 Main St, Fairport, NY 14450
      View Details

    FAQs

    What type of property is this?
    Office building - Commercial property in Fairport, NY, with office and retail potential.
    Where is this office building located?
    The property is located at 76 S Main St Fairport, NY.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - Prime business location in the village of Fairport, offering a variety of service business opportunities.; - Ample parking with approximately 20 spots, accessible from Main Street and a public parking lot.; - ADA compliant with a ramp, two separate HVAC systems, and a full basement bathroom.
    (585) 341-8690
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    76 S Main St Fairport, NY 14450
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    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
    76 S Main St Fairport, NY 14450
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    We can help!
    Listing Contact
    Robert J. Ruhland
    Real Estate License ID: 30RU0943048
    (585) 341-8690 (585) 362-8900 (585) 303-6607
    Learn more
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