Medical Office
For Sale
$269,900
61e Monroe Avenue, Pittsford, NY 14534
The suite is configured for clinical or other professional and service-oriented uses under MU-OF zoning.
Property Size1,432 SF
Price / SF$188.48
Days on Market15
Property Features for 61e Monroe Avenue
General Information
Standard status
Active
Size
1,432 SF
Property subtype
CommercialSale
Zoning
MU-OF
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
HOA Fee
$535
Highway Access
Yes
Property Use
Medical Office
Taxes and HOA fees
Annual Taxes
$11,142
Amenities
Full,StorageSpace
Hardwood,Linoleum,Varies,Vinyl
Yes
No
1
Land and Building
IrregularLot
0.15
23.0
32X47
Common,OnSite,Surfaced
1432.0
Building Details
Building Size
1,432 SF
Year Built
1986
Stories
1
Listing Agency:
RE/MAX Realty Group
Listed By:
Carmen G Lonardo · License #10301204632
(585) 218-6822
Source:
Geracirealty
Added: Oct 19
Changed: Oct 31
Last Checked: Oct 31 at 3:23AM
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
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Investment Insights
Based on property information with market context.
This 1,432-square-foot medical office condominium has a waiting area, reception space, three private exam rooms, office areas, a lab or utility room, and a private executive office or conference room. Three separate entrances allow the space to accommodate one or more uses. The layout also includes three half baths and lower-level storage. The current medical-practice use is scheduled to end in May 2027, and MU-OF zoning allows professional and service-oriented uses.
The condominium is in Pittsford Village Green, with sidewalks connecting the property to Pittsford Village. Surface parking is available in professionally maintained common lots. The property was built in 1986.
The condominium is in Pittsford Village Green, with sidewalks connecting the property to Pittsford Village. Surface parking is available in professionally maintained common lots. The property was built in 1986.
Key Highlights
- 1,432‑square‑foot medical office condominium
- Three private exam rooms and three half baths
- Three separate entrances support single or multiple uses
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical Office Space - The suite is configured for clinical or other professional and service-oriented uses under MU-OF zoning.
Where is this medical office space located?
The property is located at 61e Monroe Avenue 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 medical office condominium; Three private exam rooms and three half baths; Three separate entrances support single or multiple uses
