Freestanding Building Near
For Sale
$350,000
1863 East Avenue, Rochester, NY
Freestanding 980 sqft building near Wegmans and Interstate 490.
Property Size980 SF
Price / SF$357.14
Days on Market403
Property Features for 1863 East Avenue
General Information
Standard status
Active
Size
980 SF
Property subtype
Retail
Site & Location
Neighborhood
Culver University East
Building Details
Building Size
980 SF
Listing Agency:
Rochester Office
Listed By:
Matthew A. Weinrieb
(585) 248-9426
Source:
Pyramidbrokerage
Added: Sep 25, 2025
Changed: Oct 25
Last Checked: Nov 1 at 2:21AM
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 Rochester Office
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a freestanding 980 square foot building located adjacent to a Speedway gas station and in close proximity to a Wegmans supermarket and Interstate 490.
Key Highlights
- Freestanding building offers unique opportunities.
- Adjacent to Speedway for convenient access.
- Near Wegmans, great for local amenities.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,291
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Rochester, NY
Similar Off Market Nearby
- Wegmans Floral — 1750 east ave, rochester, ny 14610
Frequently Asked Questions
What type of property is this?
Storefront property - Freestanding 980 sqft building near Wegmans and Interstate 490.
Where is this storefront property located?
The property is located at 1863 East Avenue 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: Freestanding building offers unique opportunities.; Adjacent to Speedway for convenient access.; Near Wegmans, great for local amenities.
