Medical Office Condominium with 3
For Sale
$269,900
61 E Monroe Ave, Pittsford, NY 14534
Configured for professional services with private rooms, reception space, storage, and flexible occupancy options.
Property Size1,432 SF
Price / SF$188.48
Days on Market72
Property Features for 61 E Monroe Ave
General Information
Standard status
Active
Size
1,432 SF
Zoning
Mixed Use-Office
Additional Details
HOA Fee
$535
Highway Access
Yes
Office Units
1
Building Details
Year Built
1986
Tenancy
Single
Listing Agency:
RE/MAX Realty Group
Listed By:
Carmen G Lonardo · License #10301204632
(585) 218-6822
Source:
Skinnercnyrealty
Added: Aug 4
Changed: Oct 9
Last Checked: Oct 7 at 4:15PM
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 RE/MAX Realty Group
Investment Insights
Based on property information with market context.
Located at 61 E Monroe Ave in Pittsford, this 1,432-square-foot medical office condominium was built in 1986 and is zoned Mixed Use-Office. The existing arrangement includes a waiting area, reception station, office areas, three private exam rooms, three half baths, file storage, a utility and lab room, an executive office or conference room, and lower-level storage.
The current medical practice is scheduled to conclude in May 2027. Three separate entrances support the possibility of dividing the space for multiple uses, while the interior can also be adapted for a single professional operation. The office condominium community provides professionally maintained surface parking and sidewalk connections. The property is within walking distance of Pittsford Village and canal-side paths, with larger business areas and expressways a short drive away.
The current medical practice is scheduled to conclude in May 2027. Three separate entrances support the possibility of dividing the space for multiple uses, while the interior can also be adapted for a single professional operation. The office condominium community provides professionally maintained surface parking and sidewalk connections. The property is within walking distance of Pittsford Village and canal-side paths, with larger business areas and expressways a short drive away.
Key Highlights
- 1,432‑square‑foot office condominium at 61 E Monroe Ave
- Mixed Use‑Office zoning in Pittsford Village
- Current medical practice scheduled to end in May 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,510
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$330,200
$330.2K
Cap Rate 7%
$235,857
$235.9K
Cap Rate 9%
$183,444
$183.4K
Market Conditions
NOI Build-Up for 1,432 SF
Gross rent
$31.4K $21.96/SF
− Vacancy
−$3.9K −$2.75/SF
EGI
$27.5K $19.22/SF
− OpEx
−$11.0K −$7.69/SF
NOI
$16.5K $11.53/SF
Area
Monroe County, NY
Vacancy
12.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$330,200
Cap Rate 7%
$235,857
Cap Rate 9%
$183,444
Alternative Uses
Best Use
Healthcare Medical
$235.9K
$206.4K – $275.2K
NOI $16,510 @ 7.0% cap · market cap 6.12%
Second Best
Office B
$154.0K
$134.8K – $179.7K
NOI $10,780 @ 7.0% cap · market cap 3.99%
Theoretical Best
Specialty Retail
$274.9K
$240.5K – $320.7K
NOI $19,243 @ 7.0% cap · market cap 7.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
902
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14534, NY
32,834
Population
12,913
Households
2.5
Avg Household Size
46
Median Age
72%
College-Educated
98%
High-School Grad
32.3 sq mi
ZIP Area
1,017
Density / Sq Mi
$144,832
Median Household Income
$75,938
Median Earnings
$1,676
Median Rent
$343,800
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured for professional services with private rooms, reception space, storage, and flexible occupancy options.
Where is this medical office space located?
The property is located at 61 E Monroe Ave Pittsford, NY.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: 1,432‑square‑foot office condominium at 61 E Monroe Ave; Mixed Use‑Office zoning in Pittsford Village; Current medical practice scheduled to end in May 2027
