581 Whitney Rd W Fairport, NY 14450
Multi-tenant building with leased retail spaces, apartments, and an unfinished area on a parking-accessible site.
- Added:
- Jul 9, 2026
- Days on Market:
- 3
- Last Refresh:
- Jul 10 at 2:03 am
Property Features for 581 Whitney Rd W
General Information
- Standard status
- Active
- Size
- 6,200 SF
- Lot size
- 0.90 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1957
Listing office (585) 421-5121
Listing date Jul 9, 2026
Source Elliman
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All listing content including descriptions, pricing, images are the copyrighted material of Stephen E. Wrobbel
Investment Insights
Based on property information with market context.
The property sits on approximately 0.90 acres in the Perinton mixed-use district, with the ability to subdivide and allow for an additional structure. There are approximately 17 surface parking spaces available, and the site offers 250’ of frontage along Whitney Road West. Access to Fairport, East Rochester, Penfield, and Route 490 is convenient.
Recent owner updates include new roof, gutters, and downspouts (2020), a new driveway and parking lot with lighting (2021), a new boiler (2017), and the addition of mini-split A/C units.
Key Highlights
- 6200 SF multi‑tenant building (Year built 1957) with 2 currently leased retail spaces, plus 2 apartments and an approximately 1500 SF unfinished space
- Perinton mixed‑use district allows flexibility for commercial retail/office and residential use
- 0.90‑acre site with about 250’ of frontage on Whitney Road West and an option to subdivide for an additional structure
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $87.0k | $14.04 |
| − Vacancy | −$24.8k | −$4.00 |
| EGI | $62.2k | $10.04 |
| − OpEx | −$15.6k | −$2.51 |
| NOI | $46.7k | $7.53 |
