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    600 Dream Valley Blvd Avon, NY

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    For Lease
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    Space available in a dominant, grocery-anchored shopping center.

    Type:LAND
    Lot size:
    1.00 Acre
    Added:
    Dec 8, 2023
    Days on Market:
    875
    Last Refresh:
    Apr 5 at 10:48 pm

    Property Features for 600 Dream Valley Blvd

    General Information

    Standard status
    Active
    Lot size
    1.00 Acre
    Property subtype
    LAND

    Spaces For Lease

    at 600 Dream Valley Blvd Contact us

    We can help!

    Listing Contact
    Brian P Donovan
    Brian P Donovan

    Listing agent Brian P Donovan License ##10491202934

    Listing office Donovan Real Estate Services

    Listing date Dec 8, 2023

    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 Donovan Real Estate Services

    Overview

    Dominant Grocery-Anchored Shopping Center Space

    Space is available for lease within a dominant, grocery-anchored shopping center, which is reported to be in excellent condition. The shopping center is located in Avon, NY, a town in the southern half of the Rochester MSA, on Routes 5 and 20, a high-traffic east-west road in Upstate New York. The plaza is also less than 2 miles from I-390. The location benefits from a signalized entrance and pylon signage. Co-tenants include Tops Supermarket, High Nail Salon, Zoom Tan, Upstate Bottle Return, and Mark's Pizzeria. An in-line unit offering 2,000 SF and a 1,500 SF former Subway space are available. Two out-parcels are available at the front entrance as build-to-suit opportunities. The traffic count is 13,014 vehicles per day on East Main St. Nearby retailers include McDonald's, Dunkin', Dollar General, Tom Wahl's, Monro, ESL, and Bank of Castile.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Avon
    County
    Livingston
    State
    New York
    Longitude
    -77.7456
    Latitude
    42.912

    Nearby Similar for Lease

    • Contact for pricing

      Grocery-Anchored Shopping Center Outparcel

      Outparcel available in dominant, fully-leased, grocery-anchored shopping center.
      270 E Main St, Avon, NY 14414
      View Details
    • Contact for pricing

      Office and Retail Suites Available

      Office and retail suites for lease with convenient parking.
      45 Genesee Street, Avon, NY 14414
      View Details
    • Contact for pricing

      Dominant Grocery-Anchored Shopping Center Space

      Retail spaces available in a high-traffic shopping center.
      510-720 Dream Valley Blvd, Avon, NY
      View Details
    • Contact for pricing

      Grocery-Anchored Shopping Center Outparcel

      Outparcel available in dominant, fully-leased shopping center near major highway.
      270 E Main St, Avon, NY 14414
      View Details

    FAQs

    What type of property is this?
    Shopping center - Space available in a dominant, grocery-anchored shopping center.
    Where is this shopping center located?
    The property is located at 600 Dream Valley Blvd Avon, NY.
    What are key features of this property?
    This property features: Dominant shopping center on Routes 5 and 20 with high traffic.; Anchored by Tops Supermarket, the area's largest grocery store.; Excellent condition shopping center with pylon signage and a signalized entrance.
    (716) 998-2943 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Brian P Donovan
    Brian P Donovan
    Real Estate License ID: #10491202934
    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.

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    600 Dream Valley Blvd, Avon, NY

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