Medical & Office
For Sale
Contact for pricing
200 White Spruce Blvd, Rochester, NY 14623
Recently renovated medical and office building with 88% occupancy and updated lobby, common areas, roof, exterior, and parking.
Property Size27,105 SF
Price / SF$180.78
Days on Market949
Property Features for 200 White Spruce Blvd
General Information
Standard status
Active
Size
27,105 SF
Property subtype
OFFICE
Occupancy
88%
Listing Agency:
CBRE | Rochester
(585) 240-8080
Listed By:
Patrick Wahl · License #10401253005
(585) 474-1437
Source:
Moodyscre
Added: Mar 26, 2024
Changed: Oct 25
Last Checked: Oct 30 at 5:34PM
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
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Investment Insights
Based on property information with market context.
This 27,105-square-foot medical and office building is currently 88% occupied. The property has undergone recent renovations including the lobby, common areas, roof, exterior, and parking, supporting a strong day-to-day arrival and tenant experience.
The building is offered for sale and includes 2023 NOI of $420,031. With the most common shared systems and improvements addressed recently, it presents a maintained commercial option for buyers seeking an established multi-tenant medical and office asset.
The building is offered for sale and includes 2023 NOI of $420,031. With the most common shared systems and improvements addressed recently, it presents a maintained commercial option for buyers seeking an established multi-tenant medical and office asset.
Key Highlights
- 27,105 SF medical and office building
- 88% occupancy
- 2023 NOI of $420,031
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$389,824
Cap Rate
7.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,796,480
$7.8M
Cap Rate 7%
$5,568,914
$5.6M
Cap Rate 9%
$4,331,378
$4.3M
Market Conditions
NOI Build-Up for 27,105 SF
Gross rent
$650.5K $24.00/SF
− Vacancy
−$130.8K −$4.82/SF
EGI
$519.8K $19.18/SF
− OpEx
−$129.9K −$4.79/SF
NOI
$389.8K $14.38/SF
Area
Rochester, NY
Vacancy
20.10%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,796,480
Cap Rate 7%
$5,568,914
Cap Rate 9%
$4,331,378
Alternative Uses
Best Use
Office B
$5.57M
$4.87M – $6.50M
NOI $389,824 @ 7.0% cap · market cap 7.96%
Second Best
Healthcare Medical
$5.40M
$4.72M – $6.30M
NOI $377,822 @ 7.0% cap · market cap 7.71%
Theoretical Best
Office A
$7.43M
$6.50M – $8.66M
NOI $519,765 @ 7.0% cap · market cap 10.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
88%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,280
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14623, NY
27,865
Population
9,612
Households
2.9
Avg Household Size
28
Median Age
41%
College-Educated
92%
High-School Grad
19.5 sq mi
ZIP Area
1,429
Density / Sq Mi
$61,088
Median Household Income
$26,411
Median Earnings
$1,221
Median Rent
$167,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Rochester, NY
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- Animal MRI — 825 White Spruce Blvd, Rochester, NY 14623
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Recently renovated medical and office building with 88% occupancy and updated lobby, common areas, roof, exterior, and parking.
Where is this medical office space located?
The property is located at 200 White Spruce Blvd Rochester, NY.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: 27,105 SF medical and office building; 88% occupancy; 2023 NOI of $420,031
