Four-Unit Retail
New
For Sale
$1,325,000
574-584 West Ridge Road, Rochester, NY 14615
All four retail suites are leased, with individual electrical metering for each unit.
Property Size6,540 SF
Lot Size1.02 Acres
Price / SF$202.60
Days on Market4
Property Features for 574-584 West Ridge Road
General Information
Standard status
Active
Size
6,540 SF
Lot size
1.02 Acres
Property subtype
Business
Occupancy
100%
Site & Location
Neighborhood
Maplewood
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$14,759
Building Details
Building Size
6,540 SF
Year Built
2012
Tenancy
Multi
Listing Agency:
Keller Williams Realty Greater Rochester
Listed By:
Mike Sausa · License #10401394555
(585) 481-3418
Source:
Highfallssir
Added: Oct 29
Changed: Oct 31
Last Checked: Nov 1 at 1:54PM
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 Keller Williams Realty Greater Rochester
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Investment Insights
Based on property information with market context.
This Rochester retail center contains four separately metered units within approximately 6,540 square feet. Constructed in 2012, the property occupies a 1.02-acre site and has more than 69 parking spaces. Each retail unit has its own electrical meter. The property also includes Square D EZ Meter-Pak equipment rated for up to 800 amps, with three-phase, four-wire capability; buyers should verify actual electrical service capacity and operating voltage.
The site fronts West Ridge Road, with over 200 feet along the corridor. All four retail units are leased.
The site fronts West Ridge Road, with over 200 feet along the corridor. All four retail units are leased.
Key Highlights
- Four retail units, all leased
- Approximately 6,540 square feet on a 1.02‑acre lot
- Over 200 feet of frontage on West Ridge Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,700
Cap Rate
6.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,774,000
$1.8M
Cap Rate 7%
$1,267,143
$1.3M
Cap Rate 9%
$985,556
$985.6K
Market Conditions
NOI Build-Up for 6,540 SF
Gross rent
$141.3K $21.60/SF
− Vacancy
−$14.6K −$2.22/SF
EGI
$126.7K $19.38/SF
− OpEx
−$38.0K −$5.81/SF
NOI
$88.7K $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%
$1,774,000
Cap Rate 7%
$1,267,143
Cap Rate 9%
$985,556
Alternative Uses
Best Use
Retail
$1.27M
$1.11M – $1.48M
NOI $88,700 @ 7.0% cap · market cap 6.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,411 @ 7.0% cap · market cap 9.46%
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
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
472
Businesses Nearby
28k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 98%
Home Improvements & Furnishings 2%
GO Car Wash
Shops & Services
9,758 visits/mo
0.2 miles
Family Dollar
Shops & Services
9,644 visits/mo
0.1 miles
Mobil
Shops & Services
6,179 visits/mo
0.5 miles
Firestone Complete Auto Care
Shops & Services
2,129 visits/mo
0.2 miles
Sunbelt Rentals, Inc.
Home Improvements & Furnishings
446 visits/mo
0.3 miles
Demographics for 14615, NY
16,862
Population
8,258
Households
2
Avg Household Size
36
Median Age
21%
College-Educated
90%
High-School Grad
5.9 sq mi
ZIP Area
2,858
Density / Sq Mi
$53,150
Median Household Income
$37,895
Median Earnings
$1,065
Median Rent
$121,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Rochester, NY
Similar Off Market Nearby
- West Ridge Plaza — 630 W Ridge Rd, Rochester, NY 14615
Frequently Asked Questions
What type of property is this?
Shopping center - All four retail suites are leased, with individual electrical metering for each unit.
Where is this shopping center located?
The property is located at 574-584 West Ridge Road Rochester, NY.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: Four retail units, all leased; Approximately 6,540 square feet on a 1.02‑acre lot; Over 200 feet of frontage on West Ridge Road
