Leased Office Units with
For Sale
$1,300,000
71 Monroe Avenue, Pittsford, NY 14534
Fully occupied office property with updated roof and HVAC systems.
Property Size8,002 SF
Price / SF$162.46
Days on Market105
Property Features for 71 Monroe Avenue
General Information
Standard status
Active
Size
8,002 SF
Property subtype
CommercialSale
Listing Agency:
RE/MAX Plus
(585) 279-8200
Listed By:
Michael R DiMino · License #10401258742
(585) 355-0460
Source:
Nicholcityrealty
Added: Jul 25
Changed: Nov 4
Last Checked: Nov 6 at 8:18AM
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 Plus
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office property at 71 Monroe Avenue is located within Pittsford Village Green and is currently leased to one tenant. The reported building size is 8002 square feet, with a finished basement that adds conference rooms, a kitchenette, and bathrooms outside the stated square footage. The building footprint also offers the possibility of future separation into individual office units.
The office condominium development is managed through an association, with association fees paid by the tenant. The lease runs through 11/30/2026, providing a defined lease term for the current occupancy. Roof and HVAC systems are each less than 5 years old, and the property includes ample parking.
The office condominium development is managed through an association, with association fees paid by the tenant. The lease runs through 11/30/2026, providing a defined lease term for the current occupancy. Roof and HVAC systems are each less than 5 years old, and the property includes ample parking.
Key Highlights
- 8002‑square‑foot office building in Pittsford Village Green
- Fully leased to a single tenant through 11/30/2026
- Finished basement with conference rooms, kitchenette, and bathrooms excluded from stated square footage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,238
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,204,760
$1.2M
Cap Rate 7%
$860,543
$860.5K
Cap Rate 9%
$669,311
$669.3K
Market Conditions
NOI Build-Up for 8,002 SF
Gross rent
$112.3K $14.04/SF
− Vacancy
−$32.0K −$4.00/SF
EGI
$80.3K $10.04/SF
− OpEx
−$20.1K −$2.51/SF
NOI
$60.2K $7.53/SF
Area
Monroe County, NY
Vacancy
28.51%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,204,760
Cap Rate 7%
$860,543
Cap Rate 9%
$669,311
Alternative Uses
Best Use
Office B
$860.5K
$753.0K – $1.00M
NOI $60,238 @ 7.0% cap · market cap 4.63%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.54M
$1.34M – $1.79M
NOI $107,530 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
902
Businesses Nearby
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
$343,800
Median Home Value
Market
Average Price Trend$/SF for Office Units in Monroe County, NY
Properties on Market for Office Units in Monroe County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Fully occupied office property with updated roof and HVAC systems.
Where is this office unit located?
The property is located at 71 Monroe Avenue Pittsford, NY.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 8002‑square‑foot office building in Pittsford Village Green; Fully leased to a single tenant through 11/30/2026; Finished basement with conference rooms, kitchenette, and bathrooms excluded from stated square footage
