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    52 Marway Cir Gates, NY

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    6,000 sq ft warehouse with 1,692 sq ft office.

    Type:INDUSTRIAL
    Property size:
    6,000 SF
    Lot size:
    1.98 Acres
    Added:
    Sep 4, 2025
    Days on Market:
    235
    Last Refresh:
    Apr 5 at 9:30 pm

    Property Features for 52 Marway Cir

    General Information

    Standard status
    Active
    Size
    6,000 SF
    Lot size
    1.98 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 52 Marway Cir Contact us

    We can help!

    Listing Contact
    Kurt Sertl

    Listing agent Kurt Sertl

    Listing office Gallina Development Corporation

    Listing date Sep 4, 2025

    Source Moodyscre

    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 Gallina Development Corporation

    Overview

    Warehouse with Renovated Office Space

    This property offers 6,000 square feet of space, including approximately 1,692 square feet of air-conditioned office space. The office area features two private offices, a conference room, a private front entrance, and men's and women's restrooms. Solid core oak doors with steel frames are installed throughout the office area. The warehouse area has a clear span ceiling height of 15 feet to the bottom of the bar joists and is equipped with ceiling-mounted, gas-fired unit heaters. The property will be renovated to suit tenant needs. The building is a 24,000 square foot single-story structure with masonry and steel frame construction. It includes 200 amp, 3-phase electric service and two 8’ x 8’ overhead doors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    MSC Industrial Supply ... Factory PDQ Delivery Services Courier Service Caps Freight Service Lawn Dawg Landscaping Visron Technical, LLC Employment Agency

    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.

    Similar Places Nearby

    • Rochester RV Storage — 40 Pixley Industrial Pkwy, Rochester, NY 14624
    • Global Self Storage — 2255 Buffalo Rd, Rochester, NY 14624
    • Life Storage - Rochester — 2175 Buffalo Rd, Rochester, NY 14624

    Location Insight

    • Map
    • Local Demand
    City
    Gates
    County
    Monroe
    State
    New York
    Longitude
    -77.7044
    Latitude
    43.1455

    Nearby Similar for Lease

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    • Contact for pricing

      Retail Space Near Interstate 490

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    FAQs

    What type of property is this?
    Warehouse - 6,000 sq ft warehouse with 1,692 sq ft office.
    Where is this warehouse located?
    The property is located at 52 Marway Cir Gates, NY.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: 6,000 sq. ft. space available featuring **1,692 sq. ft. of air‑conditioned office space.**; Will be renovated to suit tenant needs.; Office space includes 2 private offices, conference room, private front entrance and restrooms.
    (585) 654-6650 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kurt Sertl
    Learn More
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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.

    More about this property
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