Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Class A Medical Office Space Title is generated by Realmo AI

    195 Parrish St, Canandaigua, NY 14424

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Medical office suites in Canandaigua, across from FF Thompson Hospital.

    Type:Office
    Added:
    Oct 31, 2022
    Days on Market:
    1311
    Last Refresh:
    May 12 at 11:35 pm

    Property Features for 195 Parrish St

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    2013

    Spaces For Lease

    at 195 Parrish St Contact us

    1st $18/Mo

    Size
    Type
    Office
    Contact us

    1st $16/Mo

    Size
    3,000 SF
    Type
    Office
    Contact us

    We can help!

    Listing Contact
    Peter Gillett

    Listing agent Peter Gillett License #NY 10491208239

    Listing office Flaum Management Company, Inc.

    Listing date Oct 31, 2022

    Source Crexi

    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 Flaum Management Company, Inc.

    HighLights

    • Class A Medical Office space in a desirable location.
    • Conveniently located across from FF Thompson Hospital.
    • Affordable price point compared to Phase I.
    • Flexible office layouts to suit various needs.
    • Abundant parking available for staff and patients.
    • Direct entrance providing individual identity.

    Overview

    Lakeside Medical Suites represents a new phase of the Lakeside Professional Park, completed in late 2015. It offers Class A medical office space amenities. Located across from FF Thompson Hospital at 195 Parrish Street in Canandaigua, NY, the facility provides flexible office layouts, abundant parking, and a direct entrance to each suite.
    Location Intelligence

    Current Use by Public Records

    Ontario Neurology Associates Medical Clinic Amanda Dendis Physician Kristen Resetar Physician Nora Palumbo Physician Dr. Gregory King Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Canandaigua
    County
    Ontario
    State
    New York
    Longitude
    -77.2865512
    Latitude
    42.874485

    Nearby Similar for Lease

    • $3,300/Mo
      6,500 SF

      Prime Retail/Office Space Available

      Spacious street-level retail or office space in Canandaigua's business district.
      175 S Main St, Canandaigua, NY 14424
      View Details
    • $2,300/Mo
      2,000 SF

      Historic Fire Station Storefront

      Versatile Canandaigua storefront in a repurposed 1880 fire station.
      13 Niagara Street, Canandaigua, NY 14424
      View Details
    • Contact for pricing
      60,000 SF

      Main Street Mixed-Use Redevelopment

      Mixed-use redevelopment in the Finger Lakes Region on Main Street.
      32 North Main Street, Canandaigua, NY, 14424
      View Details
    • $5 SF/Yr
      30,000 SF

      Retail Space in Busy Corridor

      Shopping center space for lease on a busy retail corridor.
      4406 State Rte 5 And 20, Canandaigua, NY
      View Details
    • Contact for pricing
      2,260 SF

      Retail Space in Canandaigua, NY

      Retail space available for lease in Canandaigua, New York.
      3225 State Route 364, Canandaigua, NY
      View Details
    • Contact for pricing
      10,160 SF

      Retail Space Near Major Retailers

      Retail space with cross-easement to Walmart, Lowe’s, and Runnings.
      3187-3191 Co Rd 10, Canandaigua, NY
      View Details
    • Contact for pricing

      Retail Space Near Major Intersection

      Retail spaces available in a shopping center anchored by Tops.
      6179 96, Farmington, NY, 14425
      View Details
    • Contact for pricing
      25,200 SF

      Industrial Building in Canandaigua

      25,200 SF industrial building in great condition for lease.
      5318 N St, Canandaigua, NY
      View Details
    • Contact for pricing
      1,880 SF

      Prime Retail Space in Canandaigua

      High-visibility retail space in a busy shopping center.
      47-123 Eastern Blvd, Canandaigua, NY
      View Details
    • Contact for pricing
      5,434 SF

      Retail Space in Parkway Plaza

      Prime retail space in a high-traffic Canandaigua shopping center.
      39 Eastern Blvd, Canandaigua, NY
      View Details
    • Contact for pricing
      27,000 SF

      Retail Space in Canandaigua

      27,000 square foot retail property available for rent.
      4200 Recreation Dr, Canandaigua, NY
      View Details
    • Contact for pricing
      8,000 SF

      Retail Space in Canandaigua, NY

      8,000 sq ft retail space available for lease.
      4175 Recreation Dr, Canandaigua, NY
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Medical office suites in Canandaigua, across from FF Thompson Hospital.
    Where is this medical office space located?
    The property is located at 195 Parrish St Canandaigua, NY.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Class A Medical Office space in a desirable location.; Conveniently located across from FF Thompson Hospital.; Affordable price point compared to Phase I.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Peter Gillett
    Real Estate License ID: NY 10491208239
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    195 Parrish St, Canandaigua, NY 14424
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!