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    Grocery-Anchored Shopping Center Outparcel Title is generated by Realmo AI

    270 E Main St, Avon, NY 14414

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    Outparcel available in dominant, fully-leased shopping center near major highway.

    Type:Retail
    Added:
    Jul 23, 2020
    Days on Market:
    2138
    Last Refresh:
    May 12 at 9:04 pm

    Property Features for 270 E Main St

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Spaces For Lease

    at 270 E Main St Contact us

    We can help!

    Listing Contact
    Brian Donovan

    Listing agent Brian Donovan License #NY 10491202934

    Listing office Donovan Real Estate Services

    Listing date Jul 23, 2020

    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 Donovan Real Estate Services

    HighLights

    • Dominant grocery‑anchored shopping center with a large, high‑performing grocery store.
    • High‑traffic location on Routes 5 and 20 with 13,014 vehicles per day.
    • Proximity to I‑390, a major highway in the Rochester MSA.
    • Strong co‑tenancy including Tops Supermarket, High Nail Salon, Zoom Tan, and Mark's Pizzeria.
    • O'Reilly's Auto Parts scheduled to open on the other outparcel in 2026.
    • Located in Avon, NY, part of the Rochester MSA, with nearby retailers including McDonald's and Dunkin'.

    Overview

    An outparcel is available for lease within a fully-leased shopping center anchored by a prominent grocery store. The location benefits from a significant customer draw. Current co-tenants include a supermarket, nail salon, tanning salon, bottle return, fitness center, and pizzeria. An auto parts store is scheduled to open on the other outparcel in 2026. The property experiences a traffic count of 13,014 vehicles per day on East Main St. Located in Avon, NY, within the Rochester MSA, the plaza is situated on Routes 5 and 20, a high-traffic east-west thoroughfare in Upstate New York. Its location is less than 2 miles from I-390, a major highway within the Rochester MSA, facilitating connections to areas north and south. Nearby retailers include a fast food restaurant, donut shop, discount retailer, local restaurant, auto service center, and bank.
    Location Intelligence

    Current Use by Public Records

    High Nails Nail Salon CDReload by Crypto ... Crypto Atm Goodwill Donation Center Charitable Organization Primo Water Refill ... Big Box & Wholesale Store Air Smoke Shop (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Avon
    County
    Livingston
    State
    New York
    Longitude
    -77.755198
    Latitude
    42.917142

    Nearby Similar for Lease

    • Contact for pricing
      63,427 SF

      Grocery-Anchored Shopping Center Outparcel

      Outparcel available in dominant, fully-leased, grocery-anchored shopping center.
      270 E Main St, Avon, NY 14414
      View Details
    • Contact for pricing

      Office and Retail Suites Available

      Office and retail suites for lease with convenient parking.
      45 Genesee Street, Avon, NY 14414
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      1,500 SF

      Dominant Grocery-Anchored Shopping Center Space

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    FAQs

    What type of property is this?
    Retail space - Outparcel available in dominant, fully-leased shopping center near major highway.
    Where is this retail space located?
    The property is located at 270 E Main St Avon, NY.
    What are key features of this property?
    This property features: Dominant grocery‑anchored shopping center with a large, high‑performing grocery store.; High‑traffic location on Routes 5 and 20 with 13,014 vehicles per day.; Proximity to I‑390, a major highway in the Rochester MSA.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Brian Donovan
    Real Estate License ID: NY 10491202934
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    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.

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