Two-Story Office
For Sale
$1,100,000
425 Titus Avenue, Rochester, NY 14622
Flexible second-floor space supports single- or multi-tenant layouts.
Property Size6,612 SF
Price / SF$166.36
Days on Market116
Property Features for 425 Titus Avenue
General Information
Standard status
Active
Size
6,612 SF
Property subtype
Office
Building Details
Building Size
6,612 SF
Listing Agency:
Rochester Office
(585) 248-9426
Listed By:
James C. Manilla
(585) 248-9426
Source:
Pyramidbrokerage
Added: May 8
Changed: Aug 30
Last Checked: May 26 at 10:08AM
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 Rochester Office
Investment Insights
Based on property information with market context.
This 6,612 SF two-story office building includes approximately 3,615 SF of vacant second-floor space. The available area can accommodate a single-tenant arrangement, multiple occupants, or owner-occupancy, providing flexibility within the existing office configuration. The property also includes monument signage on Titus Avenue.
Set on 1.10 acres, the building offers 40+/- on-site parking spaces with ample ingress and egress. Its location at 425 Titus Avenue provides access to and proximity to Ridge Road and Culver Road, supporting convenient arrival for occupants and visitors. The layout is suited to professional services, medical, and financial uses as described in the property information.
Set on 1.10 acres, the building offers 40+/- on-site parking spaces with ample ingress and egress. Its location at 425 Titus Avenue provides access to and proximity to Ridge Road and Culver Road, supporting convenient arrival for occupants and visitors. The layout is suited to professional services, medical, and financial uses as described in the property information.
Key Highlights
- 6,612 SF two‑story office building
- Approximately 3,615 SF of vacant second‑floor space
- Second floor supports single- or multi‑tenant configurations
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
$95,094
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
8.64%
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%
$1,901,880
$1.9M
Cap Rate 7%
$1,358,486
$1.4M
Cap Rate 9%
$1,056,600
$1.1M
Market Conditions
NOI Build-Up for 6,612 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
$158.7K $24.00/SF
− Vacancy
−$31.9K −$4.82/SF
EGI
$126.8K $19.18/SF
− OpEx
−$31.7K −$4.79/SF
NOI
$95.1K $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%
$1,901,880
Cap Rate 7%
$1,358,486
Cap Rate 9%
$1,056,600
Alternative Uses
Best Use
Office B
$1.36M
$1.19M – $1.58M
NOI $95,094 @ 7.0% cap · market cap 8.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.81M
$1.58M – $2.11M
NOI $126,792 @ 7.0% cap · market cap 11.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
75
Businesses Nearby
Explore this area
Business Placement
Demographics for 14622, NY
11,930
Population
6,047
Households
2
Avg Household Size
47
Median Age
34%
College-Educated
91%
High-School Grad
4.4 sq mi
ZIP Area
2,711
Density / Sq Mi
$73,683
Median Household Income
$52,464
Median Earnings
$1,032
Median Rent
$160,400
Median Home Value
Market
Vacancy Rate% for Office in Rochester, NY
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Flexible second-floor space supports single- or multi-tenant layouts.
Where is this office building located?
The property is located at 425 Titus Avenue Rochester, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 6,612 SF two‑story office building; Approximately 3,615 SF of vacant second‑floor space; Second floor supports single- or multi‑tenant configurations
