Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Vacant Commercial Land For Sale Title is generated by Realmo AI

    1150 N Greece Rd, Greece, NY 14626

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $345,777

    1+ acre vacant land with developmental potential in Greece, NY.

    Type:Commercial
    Lot size:
    1.01 Acres
    Added:
    Mar 25, 2026
    Days on Market:
    57
    Last Refresh:
    Mar 24 at 6:15 am

    Property Features for 1150 N Greece Rd

    General Information

    Standard status
    Active
    Lot size
    1.01 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    2026

    We can help!

    Listing Contact
    Grant D. Pettrone

    Listing agent Grant D. Pettrone

    Listing office

    Listing date Mar 25, 2026

    Source Elliman

    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 Grant D. Pettrone

    HighLights

    • Over 1 acre of vacant land
    • High traffic commercial area
    • Significant developmental potential
    • Suitable for service businesses such as salons, laundromats, and banks
    • Suitable for retail businesses such as grocery stores, pharmacies, and hardware stores
    • Additional suitable uses include day‑care centers and commercial recreation

    Overview

    This is a vacant land parcel of just over 1 acre situated in a high-traffic commercial area. The property offers developmental potential and is suitable for service uses such as salons, laundromats, dry cleaning pickup stations, and banks. It is also suitable for retail opportunities including grocery stores, pharmacies, hardware stores, delicatessens, bakeries, liquor stores, and clothing stores. Additional uses include group instruction facilities, day-care centers, commercial recreation facilities, galleries, museums, and other similar uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Gym & Fitness Center Auto Parts Store Department Store Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Greece
    County
    Monroe
    State
    New York
    Longitude
    -77.7338234
    Latitude
    43.2157605

    Nearby Similar for Sale

    • $149,900
      1,024 SF

      Greece Duplex Investment Opportunity

      Well-maintained duplex in Greece, NY with long-term tenants.
      74 Stone Rd, Greece, NY 14616
      View Details
    • Contact for pricing
      31,500 SF

      Retail Space in Greece, NY

      31,500 SF retail space fully occupied by two tenants.
      3160 West Ridge Road, Greece, NY, 14626
      View Details
    • $950,000
      522 SF

      Prime Corner Commercial Land Available

      4.37-acre corner property with existing building for sale.
      4600 W Ridge Rd, Greece, NY, 14626
      View Details
    • $1,600,000
      8,000 SF

      Greece Commercial Parcels with Development Potential

      Three contiguous parcels with income and development opportunities in Greece, NY.
      100, 200 & 400 Bram Hall, Greece, NY 14626
      View Details
    • Contact for pricing
      5,040 SF

      Greece Retail Corridor Location

      Retail space in high-traffic Greece corridor, great visibility.
      2649 W Ridge Rd, Greece, NY 14626
      View Details
    • Contact for pricing

      Shovel Ready Land Parcels

      Two commercial land lots available for sale in Greece, NY.
      205 Pinewild Dr, Greece, NY 14606
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1+ acre vacant land with developmental potential in Greece, NY.
    Where is this commercial land located?
    The property is located at 1150 N Greece Rd Greece, NY.
    What is the asking price?
    The asking price for this property is $345,777.
    What are key features of this property?
    This property features: Over 1 acre of vacant land; High traffic commercial area; Significant developmental potential
    We can help!
    Listing Contact
    Grant D. Pettrone
    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

    Thank You for Inquiry
    1150 N Greece Rd, Greece, NY 14626
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!