Office-Configured Flex
For Sale
Contact for pricing
Pending
7931 Rae Blvd, Victor, NY 14564
Flex space configured for office use, with construction dating to 1990.
Property Size28,000 SF
Days on Market182
Property Features for 7931 Rae Blvd
General Information
Standard status
Pending
Size
28,000 SF
Total Parking Spaces
85
Property subtype
Office
Additional Details
Office Build-Out
28,000 SF
Building Details
Year Built
1990
Buildings
2
Stories
1
Units
2
Listing Agency:
Caliber Commercial Brokerage
Listed By:
Richard Altier · License #10301204396
(585) 424-3333
Source:
Crexi
Added: Apr 17
Changed: Oct 10
Last Checked: Oct 14 at 10:43PM
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 Caliber Commercial Brokerage
Investment Insights
Based on property information with market context.
This 28,000-square-foot flex space is configured for office use and was built in 1990. The property is located at 7931 Rae Blvd in Victor, New York, with a 14564 ZIP code.
Key Highlights
- 28,000 SF flex space
- Office‑oriented configuration
- Built in 1990
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$208,928
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,178,560
$4.2M
Cap Rate 7%
$2,984,686
$3.0M
Cap Rate 9%
$2,321,422
$2.3M
Market Conditions
NOI Build-Up for 28,000 SF
Gross rent
$265.4K $9.48/SF
− Vacancy
−$19.6K −$0.70/SF
EGI
$245.8K $8.78/SF
− OpEx
−$36.9K −$1.32/SF
NOI
$208.9K $7.46/SF
Area
Ontario County, NY
Vacancy
7.40%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,178,560
Cap Rate 7%
$2,984,686
Cap Rate 9%
$2,321,422
Alternative Uses
Best Use
Office B
$6.40M
$5.60M – $7.47M
NOI $448,157 @ 7.0% cap · market cap 14.94%
Second Best
Warehouse
$2.98M
$2.61M – $3.48M
NOI $208,928 @ 7.0% cap · market cap 6.96%
Theoretical Best
Office A
$8.38M
$7.33M – $9.78M
NOI $586,656 @ 7.0% cap · market cap 19.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
82
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14564, NY
16,138
Population
7,021
Households
2.3
Avg Household Size
46
Median Age
57%
College-Educated
97%
High-School Grad
42.3 sq mi
ZIP Area
382
Density / Sq Mi
$111,293
Median Household Income
$63,358
Median Earnings
$1,431
Median Rent
$337,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space configured for office use, with construction dating to 1990.
Where is this flex space located?
The property is located at 7931 Rae Blvd Victor, NY.
What is the asking price?
The asking price for this property is $2,999,900.
What are key features of this property?
This property features: 28,000 SF flex space; Office‑oriented configuration; Built in 1990
