Office Units with Shared
For Sale
Contact for pricing
1835 N Union Street, Spencerport, NY 14559
Office units include a common waiting area, two bathrooms, and on-site parking.
Property Size17,868 SF
Price / SF$0.02
Days on Market100
Property Features for 1835 N Union Street
General Information
Standard status
Active
Size
17,868 SF
Property subtype
CommercialLease
Amenities
common waiting area
bathrooms
Listing Agency:
Keller Williams Realty Greater Rochester
(585) 758-8400
Listed By:
Anthony C. Butera · License #10491209556
(585) 404-3841
Source:
Nicholcityrealty
Added: Jul 11
Changed: Oct 11
Last Checked: Oct 16 at 8:27AM
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 Keller Williams Realty Greater Rochester
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Investment Insights
Based on property information with market context.
The property contains 17,868 square feet with four office suites ranging from 110 to 360 square feet. Suite users have access to a shared waiting area and two separate bathrooms, creating a practical setup for smaller office operations.
The property is located just over a mile from the Village of Spencerport and near Ridge Road/104. On-site parking is available, while trash pickup, water, gas, and electric are included with the rent.
The property is located just over a mile from the Village of Spencerport and near Ridge Road/104. On-site parking is available, while trash pickup, water, gas, and electric are included with the rent.
Key Highlights
- Four office suites ranging from 110 to 360 square feet
- 17,868‑square‑foot property
- Common waiting area for suite users
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$134,508
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,690,160
$2.7M
Cap Rate 7%
$1,921,543
$1.9M
Cap Rate 9%
$1,494,533
$1.5M
Market Conditions
NOI Build-Up for 17,868 SF
Gross rent
$250.9K $14.04/SF
− Vacancy
−$71.5K −$4.00/SF
EGI
$179.3K $10.04/SF
− OpEx
−$44.8K −$2.51/SF
NOI
$134.5K $7.53/SF
Area
Monroe County, NY
Vacancy
28.51%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,690,160
Cap Rate 7%
$1,921,543
Cap Rate 9%
$1,494,533
Alternative Uses
Best Use
Office B
$1.92M
$1.68M – $2.24M
NOI $134,508 @ 7.0% cap · market cap 33,627.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.43M
$3.00M – $4.00M
NOI $240,108 @ 7.0% cap · market cap 60,027.00%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
99
Businesses Nearby
Explore this area
Business Placement
Demographics for 14559, NY
17,964
Population
7,412
Households
2.4
Avg Household Size
45
Median Age
39%
College-Educated
94%
High-School Grad
43.7 sq mi
ZIP Area
411
Density / Sq Mi
$91,021
Median Household Income
$50,216
Median Earnings
$1,150
Median Rent
$218,900
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 Northeast region
Frequently Asked Questions
What type of property is this?
Office units - Office units include a common waiting area, two bathrooms, and on-site parking.
Where is this office units located?
The property is located at 1835 N Union Street Spencerport, NY.
What are key features of this property?
This property features: Four office suites ranging from 110 to 360 square feet; 17,868‑square‑foot property; Common waiting area for suite users
