Versatile Commercial Property in
For Sale
Contact for pricing
Pending
729 Ridge Rd, Webster, NY 14580
Adaptable commercial space in a high-visibility location.
Property Size3,176 SF
Days on Market633
Property Features for 729 Ridge Rd
General Information
Standard status
Pending
Size
3,176 SF
Class
A
Total Parking Spaces
20
Property subtype
Mixed Use, Office, Retail
Investment Type
Owner/User
Building Details
Year Built
1970
Buildings
1
Stories
1
Units
1
Listing Agency:
Blain Realty Inc.
(585) 244-8980
Listed By:
Robert Blain
Source:
Crexi
Added: Nov 14, 2024
Changed: Aug 8
Last Checked: Aug 8 at 4:15AM
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 Blain Realty Inc.
Investment Insights
Based on property information with market context.
This commercial property, formerly a veterinary practice, is located in Webster's active business district. The property features over 3,000 sq. ft. of flexible space suitable for various business uses. The sale includes the land and building. The site benefits from 75 feet of road frontage on a high-traffic corridor, providing significant exposure. Immediate occupancy is available. The adjacent property at 731 Ridge Road is also available for purchase, offering the opportunity to combine parcels for over 125 feet of total frontage. This combined frontage could maximize visibility, parking, or future development. The property is suitable for retail, office, medical, or service-based businesses.
Key Highlights
- High‑visibility location with 75 ft of road frontage on a high‑traffic corridor
- Over 3,000 sq. ft. of flexible commercial space suitable for various business types
- Immediate occupancy available
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,909
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$478,180
$478.2K
Cap Rate 7%
$341,557
$341.6K
Cap Rate 9%
$265,656
$265.7K
Market Conditions
NOI Build-Up for 3,176 SF
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.
Gross rent
$44.6K $14.04/SF
− Vacancy
−$12.7K −$4.00/SF
EGI
$31.9K $10.04/SF
− OpEx
−$8.0K −$2.51/SF
NOI
$23.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$478,180
Cap Rate 7%
$341,557
Cap Rate 9%
$265,656
Alternative Uses
Best Use
Healthcare Medical
$523.1K
$457.7K – $610.3K
NOI $36,616 @ 7.0% cap · market cap 11.27%
Second Best
Retail
$440.7K
$385.6K – $514.1K
NOI $30,847 @ 7.0% cap · market cap 9.49%
Theoretical Best
Specialty Retail
$609.7K
$533.5K – $711.3K
NOI $42,679 @ 7.0% cap · market cap 13.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
336
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14580, NY
54,148
Population
24,355
Households
2.2
Avg Household Size
46
Median Age
45%
College-Educated
96%
High-School Grad
42.6 sq mi
ZIP Area
1,271
Density / Sq Mi
$95,499
Median Household Income
$58,150
Median Earnings
$1,387
Median Rent
$253,000
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- All Cats Care Center — 729 Ridge Rd, Webster, NY 14580
Frequently Asked Questions
What type of property is this?
Medical Office Space - Adaptable commercial space in a high-visibility location.
Where is this medical office space located?
The property is located at 729 Ridge Rd Webster, NY.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: High‑visibility location with 75 ft of road frontage on a high‑traffic corridor; Over 3,000 sq. ft. of flexible commercial space suitable for various business types; Immediate occupancy available
