Convenience Store Building with Off-Street
For Sale
$285,000
739 Dewey Avenue, Rochester, NY 14613
Convenience store building on a 0.27-acre lot with off-street parking and flexible space for neighborhood retail use.
Property Size1,756 SF
Lot Size0.27 Acres
Price / SF$162.30
Days on Market40
Property Features for 739 Dewey Avenue
General Information
Standard status
Active
Size
1,756 SF
Lot size
0.27 Acres
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$2,522
Building Details
Building Size
1,756 SF
Year Built
1960
Listing Agency:
Revolution Real Estate
Listed By:
Crystal A. Helfer · License #10301223604
(585) 355-3911
Source:
Griffith-realty
Added: Jul 27
Changed: Aug 23
Last Checked: Sep 1 at 11:22PM
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 Revolution Real Estate
Investment Insights
Based on property information with market context.
Convenience store building historically operated as a neighborhood convenience store, offering adaptable interior space for retail, office, restaurant, or service-based use. The property includes an approximately 1,756-square-foot commercial building and sits on a 0.27-acre lot designed to support practical operations, including off-street parking.
Located at 739 Dewey Ave in Rochester, NY, the site is positioned along Dewey Avenue within an established commercial corridor. The surrounding area includes residential neighborhoods and local businesses, supporting walk-in and day-to-day customer access.
The building and surrounding lot configuration make it suitable for owner-occupants looking for a neighborhood-focused retail presence, as well as investors seeking a property with potential for continued commercial use and additional outdoor utility. Year built is 1960.
Located at 739 Dewey Ave in Rochester, NY, the site is positioned along Dewey Avenue within an established commercial corridor. The surrounding area includes residential neighborhoods and local businesses, supporting walk-in and day-to-day customer access.
The building and surrounding lot configuration make it suitable for owner-occupants looking for a neighborhood-focused retail presence, as well as investors seeking a property with potential for continued commercial use and additional outdoor utility. Year built is 1960.
Key Highlights
- Approximately 1,756‑square‑foot convenience store building
- 0.27‑acre lot with off‑street parking
- Historically operated as a neighborhood convenience store
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
$25,517
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
8.95%
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%
$510,340
$510.3K
Cap Rate 7%
$364,529
$364.5K
Cap Rate 9%
$283,522
$283.5K
Market Conditions
NOI Build-Up for 1,756 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
$37.9K $21.60/SF
− Vacancy
−$3.9K −$2.22/SF
EGI
$34.0K $19.38/SF
− OpEx
−$8.5K −$4.84/SF
NOI
$25.5K $14.53/SF
Area
Rochester, NY
Vacancy
10.30%
Lease Rate
$21.60 /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%
$510,340
Cap Rate 7%
$364,529
Cap Rate 9%
$283,522
Alternative Uses
Best Use
Specialty Retail
$364.5K
$319.0K – $425.3K
NOI $25,517 @ 7.0% cap · market cap 8.95%
Second Best
Retail
$340.2K
$297.7K – $396.9K
NOI $23,816 @ 7.0% cap · market cap 8.36%
Theoretical Best
Office A
$481.0K
$420.9K – $561.2K
NOI $33,673 @ 7.0% cap · market cap 11.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
501
Businesses Nearby
95k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Groceries 30%
Shops & Services 18%
Apparel 2%
Price Rite
Groceries
28,602 visits/mo
0.2 miles
McDonald's
Dining
24,134 visits/mo
0.4 miles
Wendy's
Dining
13,076 visits/mo
0.4 miles
Family Dollar
Shops & Services
8,506 visits/mo
0.0 miles
Dunkin' Donuts
Dining
8,079 visits/mo
0.4 miles
Demographics for 14613, NY
14,882
Population
6,561
Households
2.3
Avg Household Size
31
Median Age
14%
College-Educated
77%
High-School Grad
1.9 sq mi
ZIP Area
7,833
Density / Sq Mi
$33,370
Median Household Income
$29,530
Median Earnings
$939
Median Rent
$108,200
Median Home Value
Market
Vacancy Rate% for Retail in Rochester, NY
Questions? Ask Rey
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Similar Off Market Nearby
- Aden market — 291 dewey ave, rochester, ny 14608
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Convenience store building on a 0.27-acre lot with off-street parking and flexible space for neighborhood retail use.
Where is this grocery and convenience store located?
The property is located at 739 Dewey Avenue Rochester, NY.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Approximately 1,756‑square‑foot convenience store building; 0.27‑acre lot with off‑street parking; Historically operated as a neighborhood convenience store
