Triplex Property with Additional
For Sale
$399,900
5058 W Ridge Road, Spencerport, NY 14559
CommercialSale, Spencerport, NY
Property Size3,927 SF
Lot Size1.10 Acres
Price / SF$101.83
Days on Market47
Property Features for 5058 W Ridge Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
411
Zoning description
Commercial
Parking
2
Lot features
Rectangular, Rectangular Lot
Elementary school district
Spencerport
Middle school district
Spencerport
High school district
Spencerport
Subdivision
Parma-264089
Standard status
Active
APN
264089-072-010-0001-039-000
Size
3,927 SF
Lot size
1.10 Acres
Taxes and HOA fees
Tax Annual Amount
5576
Utilities
Sewer type
Septic Tank
Heating system
Forced Air, Natural Gas
Amenities
Car wash
Car dealership
Repair shop
Self-storage
Building Details
Year built
1920
Floors in Building
3
Listing Agency:
RE/MAX Realty Group · RE/MAX International
(585) 248-0250
Listed By:
Todd M. Enright · License #40EN0798448
(585) 233-7099
Added: Aug 29
Changed: Sep 15
Last Checked: Oct 14 at 7:06AM
MLS# R1710907
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1.1-acre property includes a three-family residence that is currently rented, along with an older motel structure containing four additional rental units. The motel units require complete rehabilitation. The improvements total 3,927 square feet and date to 1920. Heating is provided by natural gas and forced air, with septic tank service on site.
Zoning is identified as 411 with highway-oriented commercial potential. Uses identified for the property include a car wash, car dealership, repair shop, and self-storage. The site is positioned along West Ridge Road in Spencerport, providing a combination of residential income and existing commercial-use considerations within one parcel.
Zoning is identified as 411 with highway-oriented commercial potential. Uses identified for the property include a car wash, car dealership, repair shop, and self-storage. The site is positioned along West Ridge Road in Spencerport, providing a combination of residential income and existing commercial-use considerations within one parcel.
Key Highlights
- 1.1‑acre parcel with a three‑family home and an older motel structure
- Three‑family residence is currently rented
- Motel structure includes 4 additional rental units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,607
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$732,140
$732.1K
Cap Rate 7%
$522,957
$523.0K
Cap Rate 9%
$406,744
$406.7K
Market Conditions
NOI Build-Up for 3,927 SF
Gross rent
$54.2K $13.80/SF
− Vacancy
−$1.9K −$0.48/SF
EGI
$52.3K $13.32/SF
− OpEx
−$15.7K −$4.00/SF
NOI
$36.6K $9.32/SF
Area
Monroe County, NY
Vacancy
3.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$732,140
Cap Rate 7%
$522,957
Cap Rate 9%
$406,744
Alternative Uses
Best Use
Multifamily LT 5
$523.0K
$457.6K – $610.1K
NOI $36,607 @ 7.0% cap · market cap 9.15%
Second Best
Apartment 5plus
$472.4K
$413.3K – $551.1K
NOI $33,065 @ 7.0% cap · market cap 8.27%
Theoretical Best
Specialty Retail
$753.9K
$659.6K – $879.5K
NOI $52,771 @ 7.0% cap · market cap 13.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
100
Businesses Nearby
Explore this area
Business Placement
Demographics for 14559, NY
17,964
Population
7,412
Households
2.4
Avg Household Size
45
Median Age
39%
College-Educated
94%
High-School Grad
43.7 sq mi
ZIP Area
411
Density / Sq Mi
$91,021
Median Household Income
$50,216
Median Earnings
$1,150
Median Rent
$218,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Income-producing residential property with additional units requiring complete rehabilitation.
Where is this triplex located?
The property is located at 5058 W Ridge Road Spencerport, NY.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 1.1‑acre parcel with a three‑family home and an older motel structure; Three‑family residence is currently rented; Motel structure includes 4 additional rental units
