768 Ridge Road, Webster, NY 14580

Building Details

Building Size 3,016 SF More

Year Built 1930 More

Listing Agency: Ascendant Realty LLC

Listed By: Ryan Page · License #10401383680 Show Phone

Source: Griffith-realty

Added: Jul 31 Changed: Oct 31 Last Checked: Nov 8 at 4:07PM

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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 Ascendant Realty LLC

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Investment Insights

Based on property information with market context.

This office building at 768 Ridge Road was constructed in 1930 and has undergone extensive renovation, including updated finishes and improvements intended to support immediate occupancy. Its adaptable interior can accommodate office, professional service, retail, medical, or specialty commercial functions, subject to municipal approvals. The property is being sold as-is.

Dedicated on-site parking and visibility along the Ridge Road corridor support convenient business access. The location also connects with Five Mile Line Road, Route 104, and the surrounding Webster business community. The owners are willing to discuss additional build-to-suit improvements for qualified purchasers seeking a more tailored configuration.

Key Highlights

• Extensively renovated commercial building with updated finishes
• Flexible layout for office, professional service, retail, medical, or specialty commercial uses, subject to approvals
• Dedicated on‑site parking

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,704

Cap Rate

4.78%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$454,080 $454.1K

Cap Rate 7%

$324,343 $324.3K

Cap Rate 9%

$252,267 $252.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,016 SF

Gross rent

$42.3K $14.04/SF

− Vacancy

−$12.1K −$4.00/SF

EGI

$30.3K $10.04/SF

− OpEx

−$7.6K −$2.51/SF

NOI

$22.7K $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%

$454,080

Cap Rate 7%

$324,343

Cap Rate 9%

$252,267

Alternative Uses

Best Use

Office B

$324.3K

$283.8K – $378.4K (±1% cap)

NOI $22,704 @ 7.0% cap · market cap 4.78%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$579.0K

$506.6K – $675.5K (±1% cap)

NOI $40,529 @ 7.0% cap · market cap 8.53%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Bakery Furniture & Home Goods Grocery & Convenience Store Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

110

Businesses Nearby

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

Average Price Trend$/SF for Office buildings in Monroe County, NY

$149 Jul

$139 Aug

$101 Sep

$112 Oct

Properties on Market for Office buildings in Monroe County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Flexible commercial layout with dedicated parking and convenient access to Route 104.

Where is this office building located?

The property is located at 768 Ridge Road Webster, NY.

What is the asking price?

The asking price for this property is $475,000.

What are key features of this property?

This property features: Extensively renovated commercial building with updated finishes; Flexible layout for office, professional service, retail, medical, or specialty commercial uses, subject to approvals; Dedicated on‑site parking