Versatile Commercial Building on
For Sale
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2236 W Ridge Rd, Rochester, NY 14626
Adaptable commercial space suitable for medical, retail, or hospitality.
Property Size3,450 SF
Price / SF$246.38
Days on Market197
Property Features for 2236 W Ridge Rd
General Information
Standard status
Active
Size
3,450 SF
Class
A
Property subtype
Office, Retail
Zoning
Restricted Business
Investment Type
Owner/User
Building Details
Year Built
1985
Year Renovated
2008
Stories
2
Units
1
Listing Agency:
Mission Commercial Realty
(585) 348-9170
Listed By:
Mark Rohlin · License #NY
Source:
Crexi
Added: Feb 4
Changed: Aug 17
Last Checked: Aug 19 at 7:52AM
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 Mission Commercial Realty
Investment Insights
Based on property information with market context.
This 3,450-square-foot commercial building is currently configured as a medical office, featuring patient space on the first floor and administrative functions on the ground floor. The property's zoning allows for a range of alternative uses, including service, hospitality, and retail applications. Interested parties can consult the zoning information included in the offering package for specific details regarding permitted uses.
Key Highlights
- Versatile property suitable for medical, service, hospitality, or retail uses.
- Includes patient space on the first floor and administrative functions on the ground floor.
- Built in 1985.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$49,618
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$992,360
$992.4K
Cap Rate 7%
$708,829
$708.8K
Cap Rate 9%
$551,311
$551.3K
Market Conditions
NOI Build-Up for 3,450 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$82.8K $24.00/SF
− Vacancy
−$16.6K −$4.82/SF
EGI
$66.2K $19.18/SF
− OpEx
−$16.5K −$4.79/SF
NOI
$49.6K $14.38/SF
Area
Rochester, NY
Vacancy
20.10%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$992,360
Cap Rate 7%
$708,829
Cap Rate 9%
$551,311
Alternative Uses
Best Use
Office B
$708.8K
$620.2K – $827.0K
NOI $49,618 @ 7.0% cap · market cap 5.84%
Second Best
Healthcare Medical
$687.0K
$601.1K – $801.5K
NOI $48,090 @ 7.0% cap · market cap 5.66%
Theoretical Best
Office A
$945.1K
$827.0K – $1.10M
NOI $66,157 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
853
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14626, NY
30,032
Population
13,717
Households
2.2
Avg Household Size
47
Median Age
32%
College-Educated
91%
High-School Grad
13.4 sq mi
ZIP Area
2,241
Density / Sq Mi
$78,785
Median Household Income
$47,479
Median Earnings
$1,206
Median Rent
$185,300
Median Home Value
Market
Vacancy Rate% for Office in Rochester, NY
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Adaptable commercial space suitable for medical, retail, or hospitality.
Where is this medical office space located?
The property is located at 2236 W Ridge Rd Rochester, NY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Versatile property suitable for medical, service, hospitality, or retail uses.; Includes **patient space on the first floor** and administrative functions on the ground floor.; Built in 1985.
