Listing Agency: Caliber Commercial Brokerage, LLC Show Phone

Listed By: Luke Barney · License ##10401381348 Show Phone

Source: Moodyscre

Added: Jul 21 Changed: Oct 14 Last Checked: Oct 20 at 9:28PM

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Investment Insights

Based on property information with market context.

This storefront retail space is approximately 1,376 SF and is positioned for a variety of potential uses under flexible mixed-use zoning. The property is located at 3811 Dewey Ave in Rochester, NY 14616.

The site’s location is directly across from Walmart / Northgate Plaza, placing it within a commercial corridor setting with strong retail visibility and convenient consumer access.

For buyers or tenants seeking a retail storefront with flexible zoning in a high-activity commercial area, this property offers an adaptable footprint and a prominent placement across from a major anchor.

Key Highlights

• Approximately 1,376 SF storefront retail space
• Flexible mixed‑use zoning
• Directly across from Walmart / Northgate Plaza

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,662

Cap Rate

4.39%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$373,240 $373.2K

Cap Rate 7%

$266,600 $266.6K

Cap Rate 9%

$207,356 $207.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,376 SF

Gross rent

$29.7K $21.60/SF

− Vacancy

−$3.1K −$2.22/SF

EGI

$26.7K $19.38/SF

− OpEx

−$8.0K −$5.81/SF

NOI

$18.7K $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%

$373,240

Cap Rate 7%

$266,600

Cap Rate 9%

$207,356

Alternative Uses

Best Use

Retail

$266.6K

$233.3K – $311.0K (±1% cap)

NOI $18,662 @ 7.0% cap · market cap 4.39%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$376.9K

$329.8K – $439.8K (±1% cap)

NOI $26,386 @ 7.0% cap · market cap 6.21%

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

Ace of Face Spa & Massage Center Coco Beauty Bar Spa & Massage Center Ezund Consultant Katie Coco Makeup ... Spa & Massage Center

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Hair Salon Building Supply Dental Office

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

262

Businesses Nearby

289k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Superstores 38% Dining 31% Shops & Services 24% Electronics 3%

Walmart Superstores

92,803 visits/mo 0.1 miles

McDonald's Dining

33,657 visits/mo 0.1 miles

Dollar Tree Shops & Services

24,641 visits/mo 0.0 miles

Big Lots Superstores

17,040 visits/mo 0.2 miles

Wendy's Dining

14,732 visits/mo 0.1 miles

Demographics for 14616, NY

27,946

Population

12,281

Households

2.3

Avg Household Size

40

Median Age

24%

College-Educated

90%

High-School Grad

5.9 sq mi

ZIP Area

4,737

Density / Sq Mi

$62,564

Median Household Income

$41,646

Median Earnings

$1,087

Median Rent

$136,100

Median Home Value

Market

Vacancy Rate% for Retail in Rochester, NY

9.6% 2020

9.1% 2021

9% 2022

8.6% 2023

9.4% 2024

9.9% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - Storefront retail space in flexible mixed-use zoning, directly across from Walmart / Northgate Plaza.

Where is this storefront property located?

The property is located at 3811 Dewey Ave Rochester, NY.

What is the asking price?

The asking price for this property is $425,000.

What are key features of this property?

This property features: Approximately 1,376 SF storefront retail space; Flexible mixed‑use zoning; Directly across from Walmart / Northgate Plaza