Retail Space at Town Centre
For Sale
Contact for pricing
7374 Pittsford Palmyra Road, Fairport, NY 14450
Two available spaces offer retail or restaurant use within an established shopping center with on-site parking.
Property Size38,195 SF
Price / SF$0.00
Days on Market85
Property Features for 7374 Pittsford Palmyra Road
General Information
Standard status
Active
Size
38,195 SF
Property subtype
CommercialLease
Listing Agency:
RE/MAX Plus
(585) 279-8200
Listed By:
John Antetomaso · License #49AN1151017
(585) 787-8888
Source:
Nicholcityrealty
Added: Jul 24
Changed: Oct 15
Last Checked: Oct 16 at 8:28AM
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
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Investment Insights
Based on property information with market context.
Town Centre Plaza offers retail space within an established commercial center at 7374 Pittsford Palmyra Road in Perinton, New York. Two spaces are currently available, with potential for retail or restaurant occupancy. The property has an existing tenant mix and on-site parking, supporting customer-oriented commercial activity.
The center fronts Pittsford Palmyra Road and is identified with the 14450 postal code. Lease economics include a NNN expense component covering the tenant’s share of property taxes, snow removal, maintenance, and parking-lot care. The plaza’s recorded property size is 38,195.
The center fronts Pittsford Palmyra Road and is identified with the 14450 postal code. Lease economics include a NNN expense component covering the tenant’s share of property taxes, snow removal, maintenance, and parking-lot care. The plaza’s recorded property size is 38,195.
Key Highlights
- Two spaces currently available
- Retail or restaurant use supported
- Established tenant mix at Town Centre Plaza
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$370,969
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,419,380
$7.4M
Cap Rate 7%
$5,299,557
$5.3M
Cap Rate 9%
$4,121,878
$4.1M
Market Conditions
NOI Build-Up for 38,195 SF
Gross rent
$572.9K $15.00/SF
− Vacancy
−$43.0K −$1.13/SF
EGI
$530.0K $13.88/SF
− OpEx
−$159.0K −$4.16/SF
NOI
$371.0K $9.71/SF
Area
Monroe County, NY
Vacancy
7.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,419,380
Cap Rate 7%
$5,299,557
Cap Rate 9%
$4,121,878
Alternative Uses
Best Use
Retail
$5.30M
$4.64M – $6.18M
NOI $370,969 @ 7.0% cap · market cap 2,473,126.67%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.33M
$6.42M – $8.55M
NOI $513,261 @ 7.0% cap · market cap 3,421,740.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
137
Businesses Nearby
11k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 73%
Dining 25%
Hotels & Casinos 2%
Exxon
Shops & Services
5,285 visits/mo
0.1 miles
Mark's Pizzeria
Dining
2,737 visits/mo
0.2 miles
Firestone Complete Auto Care
Shops & Services
2,047 visits/mo
0.1 miles
Monro Auto Service and Tire Centers
Shops & Services
805 visits/mo
0.2 miles
Budget Inn
Hotels & Casinos
260 visits/mo
0.1 miles
Demographics for 14450, NY
42,633
Population
19,054
Households
2.2
Avg Household Size
47
Median Age
60%
College-Educated
97%
High-School Grad
32.0 sq mi
ZIP Area
1,332
Density / Sq Mi
$109,543
Median Household Income
$62,613
Median Earnings
$1,258
Median Rent
$281,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Two available spaces offer retail or restaurant use within an established shopping center with on-site parking.
Where is this retail space located?
The property is located at 7374 Pittsford Palmyra Road Fairport, NY.
What are key features of this property?
This property features: Two spaces currently available; Retail or restaurant use supported; Established tenant mix at Town Centre Plaza
