Renovated Retail Center Near
125 White Spruce Boulevard Rochester, NY 14623
For Sale
$5,299,539
Recently renovated retail center with suites available in high-traffic location.
Property Size15,120 SF
Price / SF$350.50
Days on Market123
Property Features for 125 White Spruce Boulevard
General Information
- Standard status
- Active
- Size
- 15,120 SF
- Property subtype
- FlexIndustrial
Listing Agency:
CBRE | Rochester
(585) 784-3633
Listed By:
Patrick Wahl · License #Licensed Real Estate Salesperson
(585) 784-3633
Source:
Cbre
Added: Mar 25
Changed: Jul 10
Last Checked: Jul 25 at 3:34AM
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 CBRE | Rochester
Investment Insights
Based on property information with market context.
This recently renovated 42,000 square foot retail center is located in a high traffic area, immediately off I-390 at East Henrietta Road. Available suites include spaces of 15,120 sf, 4,392 sf, and 1,087 sf, with the possibility of dividing the suites. The location is central, with numerous office parks, hotels, banks, restaurants, and other amenities and services in the immediate vicinity. The property is also close to MCC, University of Rochester, Strong Hospital, and Greater Rochester Airport.
Key Highlights
- High traffic location immediately off I‑390.
- Recently renovated 42,000 square foot retail center.
- Suites available: 15,120 sf, 4,392 sf, and 1,087 sf (divisible).
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $326.6k | $21.60 |
| − Vacancy | −$33.6k | −$2.22 |
| EGI | $293.0k | $19.38 |
| − OpEx | −$87.9k | −$5.81 |
| NOI | $205.1k | $13.56 |
15,120 SF · lease $21.60/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.93M
$2.56M – $3.42M
NOI $205,067 @ 7.0% cap · market cap 3.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.14M
$3.62M – $4.83M
NOI $289,941 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Kara Repich
Physician
Dr. Elizabeth D. ...
Physician
Brighton Dental Group
Dental Office
Julie Sandruck
Physician
Rochester Gynecologic & Obstetric ...
Medical Clinic
FAQs
What type of property is this?
Shopping center - Recently renovated retail center with suites available in high-traffic location.
Where is this shopping center located?
The property is located at 125 White Spruce Boulevard Rochester, NY.
What is the asking price?
The asking price for this property is $5,299,539.
What are key features of this property?
This property features: High traffic location immediately off I‑390.; Recently renovated 42,000 square foot retail center.; Suites available: **15,120 sf, 4,392 sf, and 1,087 sf (divisible).**
