53 Marway Circle, Rochester, NY 14624

Building Details

Year Built 1986 More

Listing Agency: IronHorn Enterprises

Listed By: Ryan Jenkins · License NY #0225268974

Source: Crexi

Added: Oct 26 Changed: Nov 9 Last Checked: Nov 9 at 2:03AM

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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 IronHorn Enterprises

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Investment Insights

Based on property information with market context.

This 6,900-square-foot flex property sits on 1.37 acres and was built in 1986. The building offers 14-foot clear height and two drive-in doors, with space for parking and operational activities. Potential applications include commercial, service, storage, and light industrial uses, subject to zoning approvals.

Marway Circle provides access to I-490, I-390, and the New York State Thruway (I-90) within Rochester’s western commercial and industrial corridor.

Key Highlights

• 6,900‑square‑foot building on 1.37 acres
• 14‑foot clear height
• Two drive‑in doors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$70,375

Cap Rate

8.28%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,407,500 $1.4M

Cap Rate 7%

$1,005,357 $1.0M

Cap Rate 9%

$781,944 $781.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,900 SF

Gross rent

$107.6K $15.60/SF

− Vacancy

−$7.1K −$1.03/SF

EGI

$100.5K $14.57/SF

− OpEx

−$30.2K −$4.37/SF

NOI

$70.4K $10.20/SF

Area

Rochester, NY

Vacancy

6.60%

Lease Rate

$15.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,407,500

Cap Rate 7%

$1,005,357

Cap Rate 9%

$781,944

Alternative Uses

Best Use

Industrial

$1.01M

$879.7K – $1.17M (±1% cap)

NOI $70,375 @ 7.0% cap · market cap 8.28%

Second Best

Flex RnD

$933.5K

$816.9K – $1.09M (±1% cap)

NOI $65,348 @ 7.0% cap · market cap 7.69%

Theoretical Best

Office A

$1.89M

$1.65M – $2.21M (±1% cap)

NOI $132,314 @ 7.0% cap · market cap 15.57%

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

Mike Lauterborn Enterprises ... Electrical Service RESA Power Rochester Big Box & Wholesale Store Lauterborn Electric Electrical Service

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon 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.

Lease Details

14 ft

Clear height

2

Drive-in doors

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

469

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 14624, NY

37,200

Population

15,865

Households

2.3

Avg Household Size

43

Median Age

33%

College-Educated

94%

High-School Grad

27.4 sq mi

ZIP Area

1,358

Density / Sq Mi

$86,046

Median Household Income

$45,723

Median Earnings

$1,249

Median Rent

$172,200

Median Home Value

Market

Average Price Trend$/SF for Flex space in Rochester, NY

$83.13 Jul

$68.24 Aug

$53.12 Sep

$50.67 Oct

Properties on Market for Flex space in Rochester

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in Rochester, NY

7.2% 2019

6.6% 2020

4.4% 2021

4.5% 2022

5.3% 2023

5.3% 2024

6.7% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - The building’s configuration can accommodate commercial, service, storage, or light industrial uses, subject to zoning approvals.

Where is this flex space located?

The property is located at 53 Marway Circle Rochester, NY.

What is the asking price?

The asking price for this property is $850,000.

What are key features of this property?

This property features: 6,900‑square‑foot building on 1.37 acres; 14‑foot clear height; Two drive‑in doors