Retail Storefront Near
For Sale
Contact for pricing
1863 East Ave, Rochester, NY 14610
Storefront retail space near Wegmans, adjacent to Speedway, with direct access off I-490 Exit 20.
Property Size980 SF
Price / SF$357.14
Days on Market606
Property Features for 1863 East Ave
General Information
Standard status
Active
Size
980 SF
Property subtype
RETAIL
Additional Details
Highway Access
Yes
Listing Agency:
Cushman & Wakefield | Pyramid Brokerage - Rochester
(585) 967-4737
Listed By:
Matthew Weinrieb
(585) 967-4737
Source:
Moodyscre
Added: Dec 23, 2024
Changed: Aug 12
Last Checked: Aug 12 at 8:52AM
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 Cushman & Wakefield | Pyramid Brokerage - Rochester
Investment Insights
Based on property information with market context.
This retail storefront property is positioned to serve a high-activity retail corridor in Monroe County, New York. The offering includes a listed lease rate of $30 per square foot, and the sale price is available upon request.
The site is walking distance to Wegmans and adjacent to Speedway, with direct access off Exit 20 of Interstate-490. The surrounding area is described as heavily trafficked, supporting strong visibility for retail users.
With 980 square feet of retail space, the property is suited for tenants seeking a storefront format in a well-traveled location.
The site is walking distance to Wegmans and adjacent to Speedway, with direct access off Exit 20 of Interstate-490. The surrounding area is described as heavily trafficked, supporting strong visibility for retail users.
With 980 square feet of retail space, the property is suited for tenants seeking a storefront format in a well-traveled location.
Key Highlights
- Retail storefront space in a heavily trafficked retail stronghold in Monroe County, NY
- Walking distance to Wegmans and adjacent to Speedway
- Direct access off I‑490, Exit 20
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,291
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$265,820
$265.8K
Cap Rate 7%
$189,871
$189.9K
Cap Rate 9%
$147,678
$147.7K
Market Conditions
NOI Build-Up for 980 SF
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.
Gross rent
$21.2K $21.60/SF
− Vacancy
−$2.2K −$2.22/SF
EGI
$19.0K $19.38/SF
− OpEx
−$5.7K −$5.81/SF
NOI
$13.3K $13.56/SF
Area
Rochester, NY
Vacancy
10.30%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$265,820
Cap Rate 7%
$189,871
Cap Rate 9%
$147,678
Alternative Uses
Best Use
Retail
$189.9K
$166.1K – $221.5K
NOI $13,291 @ 7.0% cap · market cap 3.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$268.5K
$234.9K – $313.2K
NOI $18,792 @ 7.0% cap · market cap 5.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
857
Businesses Nearby
243k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 44%
Dining 28%
Shops & Services 24%
Home Improvements & Furnishings 4%
Wegmans
Groceries
88,422 visits/mo
0.2 miles
McDonald's
Dining
20,196 visits/mo
0.3 miles
Speedway
Shops & Services
19,063 visits/mo
0.1 miles
Aldi
Groceries
18,992 visits/mo
0.3 miles
Family Dollar
Shops & Services
14,880 visits/mo
0.3 miles
Demographics for 14610, NY
14,311
Population
7,823
Households
1.8
Avg Household Size
44
Median Age
66%
College-Educated
97%
High-School Grad
4.2 sq mi
ZIP Area
3,407
Density / Sq Mi
$83,260
Median Household Income
$60,448
Median Earnings
$1,181
Median Rent
$238,200
Median Home Value
Market
Vacancy Rate% for Retail in Rochester, NY
Questions? Ask Rey
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- Wegmans Floral — 1750 east ave, rochester, ny 14610
Frequently Asked Questions
What type of property is this?
Storefront property - Storefront retail space near Wegmans, adjacent to Speedway, with direct access off I-490 Exit 20.
Where is this storefront property located?
The property is located at 1863 East Ave Rochester, NY.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Retail storefront space in a heavily trafficked retail stronghold in Monroe County, NY; Walking distance to Wegmans and adjacent to Speedway; Direct access off I‑490, Exit 20
