Building Details

Building Size 5,632 SF

Year Built 1880

Listing Agency: Brix & Maven Realty Group LLC

Listed By: Chad J. Loblaw · License #10491210656 Show Phone

Source: Highfallssir

Added: Oct 18, 2024 Changed: Oct 22 Last Checked: Oct 23 at 4:29PM

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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 Brix & Maven Realty Group LLC

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Investment Insights

Based on property information with market context.

Built in 1880 as a fire station, this two-level mixed-use property combines a contemporary loft apartment with approximately 2,800 square feet of commercial space. The commercial floor includes two storefronts and independent entrances, while the overall property measures 5,632 square feet and features high ceilings and open areas. Two 1,200-square-foot basements add substantial storage or utility space, and the loft and commercial areas have separate utilities.

The property is a 5-minute drive or 20-minute walk from Canandaigua Lake, with restaurants and shops in the surrounding area. Private parking is included, along with access to a city lot. Its original heavy-duty construction was designed to support fire trucks and can accommodate heavy equipment.

Key Highlights

• 1880‑built former fire station converted to mixed‑use space
• 5,632 square feet with high ceilings and open areas
• Approximately 2,800 square feet of commercial space with two storefronts

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$72,804

Cap Rate

8.09%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,456,080 $1.5M

Cap Rate 7%

$1,040,057 $1.0M

Cap Rate 9%

$808,933 $808.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,632 SF

Gross rent

$106.8K $18.96/SF

− Vacancy

−$2.8K −$0.49/SF

EGI

$104.0K $18.47/SF

− OpEx

−$31.2K −$5.54/SF

NOI

$72.8K $12.93/SF

Area

Ontario County, NY

Vacancy

2.60%

Lease Rate

$18.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,456,080

Cap Rate 7%

$1,040,057

Cap Rate 9%

$808,933

Alternative Uses

Best Use

Retail

$1.04M

$910.1K – $1.21M (±1% cap)

NOI $72,804 @ 7.0% cap · market cap 8.09%

Second Best

Mixed Use

$814.6K

$712.8K – $950.4K (±1% cap)

NOI $57,024 @ 7.0% cap · market cap 6.34%

Theoretical Best

Office A

$1.69M

$1.48M – $1.97M (±1% cap)

NOI $118,002 @ 7.0% cap · market cap 13.11%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Grocery & Convenience Store Locksmith (Bike/Boat/Book/etc) Store Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

835

Businesses Nearby

Explore this area Business Placement

Demographics for 14424, NY

28,353

Population

14,482

Households

2

Avg Household Size

48

Median Age

41%

College-Educated

94%

High-School Grad

129.5 sq mi

ZIP Area

219

Density / Sq Mi

$79,135

Median Household Income

$45,885

Median Earnings

$1,228

Median Rent

$250,400

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Two storefronts and separate entrances support flexible commercial occupancy.

Where is this mixed-use property located?

The property is located at 13 Niagara Street Canandaigua, NY.

What is the asking price?

The asking price for this property is $899,900.

What are key features of this property?

This property features: 1880‑built former fire station converted to mixed‑use space; 5,632 square feet with high ceilings and open areas; Approximately 2,800 square feet of commercial space with two storefronts