Listing Agency: Renowned Realty,LLC. Show Phone

Listed By: Marcus Franz Show Phone

Source: Nicholcityrealty

Added: Oct 7 Changed: Oct 25 Last Checked: Nov 4 at 12:56PM

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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 Renowned Realty,LLC.

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This remodeled retail space is located in the Village of East Bloomfield and is suitable for retail or office use. On-site parking serves the property.

Dunkin’, CNB Bank, and the post office are across East Main Street.

Key Highlights

• Remodeled commercial space in the Village of East Bloomfield
• On‑site parking
• Retail or office use

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,512

Suggested Prices Based on Cap Rates

Cap Rate 5%

$310,240 $310.2K

Cap Rate 7%

$221,600 $221.6K

Cap Rate 9%

$172,356 $172.4K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,200 SF

Gross rent

$22.8K $18.96/SF

− Vacancy

−$592 −$0.49/SF

EGI

$22.2K $18.47/SF

− OpEx

−$6.6K −$5.54/SF

NOI

$15.5K $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%

$310,240

Cap Rate 7%

$221,600

Cap Rate 9%

$172,356

Alternative Uses

Best Use

Retail

$221.6K

$193.9K – $258.5K (±1% cap)

NOI $15,512 @ 7.0% cap · market cap 1,292.67%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$359.2K

$314.3K – $419.0K (±1% cap)

NOI $25,142 @ 7.0% cap · market cap 2,095.17%

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

Nickel & Dime Redemption ... Recycling Center

Suggested Use

Top Pick Real Estate Agency Auto Repair Shop Law Firm Dental Office Hair Salon Storage Facility

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

97

Businesses Nearby

Explore this area Business Placement

Demographics for 14469, NY

6,265

Population

2,904

Households

2.2

Avg Household Size

49

Median Age

28%

College-Educated

95%

High-School Grad

66.0 sq mi

ZIP Area

95

Density / Sq Mi

$70,914

Median Household Income

$45,294

Median Earnings

$874

Median Rent

$188,700

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

Frequently Asked Questions

What type of property is this?

Retail space - On-site parking and a village location support retail or office use.

Where is this retail space located?

The property is located at 2 E Main Street East Bloomfield, NY.

What are key features of this property?

This property features: Remodeled commercial space in the Village of East Bloomfield; On‑site parking; Retail or office use