Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space on Route 96 Title is generated by Realmo AI

    8053 Pittsford Victor Rd, Victor, NY

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail/office plaza on Route 96 in Victor, NY.

    Type:RETAIL
    Property size:
    2,239 SF
    Lot size:
    1.30 Acres
    Added:
    Sep 19, 2024
    Days on Market:
    607
    Last Refresh:
    Apr 5 at 10:05 pm

    Property Features for 8053 Pittsford Victor Rd

    General Information

    Standard status
    Active
    Size
    2,239 SF
    Lot size
    1.30 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 8053 Pittsford Victor Rd Contact us

    We can help!

    Listing Contact
    Michael A. Smith

    Listing agent Michael A. Smith

    Listing office LLD Enterprises

    Listing date Sep 19, 2024

    Source Moodyscre

    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 LLD Enterprises

    HighLights

    • Adjacent to Eastview Mall (1.4M sf) and near Eastview Commons (Target, Home Depot, Best Buy, Staples, Old Navy)
    • High visibility and exposure on Route 96, a major retail corridor
    • Two available spaces (3,300 sq ft end cap and 2,239 sq ft in‑line) that can be combined
    • Easy ingress and egress from Route 96
    • High traffic count: Approximately 20,815 vehicles AADT
    • Plenty of parking in the rear of the building

    Overview

    Victor Hill Commons is an 8,800 square foot retail and office plaza located on Route 96 in the Town of Victor. The property is located just past the entrance into Eastview Commons and adjacent to the 1.4M square foot Eastview Mall. The location benefits from easy ingress and egress off Route 96 and approximately 20,815 vehicles AADT. Two spaces are available with exposure and visibility from Route 96. One space is a 3,300 square foot end cap, and the other is a 2,239 square foot in line space. There is plenty of parking in the rear of the building.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Victor
    County
    Ontario
    State
    New York
    Longitude
    -77.4089
    Latitude
    42.9826

    Nearby Similar for Lease

    • Contact for pricing
      17,000 SF

      Victor Retail/Flex Space Available

      Retail or flex space for lease in Victor, NY.
      7275 State Route 96, Victor, NY
      View Details
    • Contact for pricing
      6,500 SF

      Office Space Near Victor Village

      Two-floor office space with open floorplan near NYS Thruway.
      7200 Rawson Rd, Victor, NY
      View Details
    • Contact for pricing
      16,770 SF

      Retail or Flex Space Available

      5,000-17,000 SF available for lease with excellent visibility.
      7275 New York 96, Victor, NY 14564
      View Details
    • Contact for pricing
      12,188 SF

      Modern Office Space Available

      High-quality office space with modern amenities for lease.
      7620 Omnitech Pl, Victor, NY
      View Details
    • Contact for pricing
      10,700 SF

      New Office and Lab Space

      Move-in ready office and bio-tech/lab space available for lease.
      7255 St Rte 96, Victor, NY
      View Details
    • $12 SF/Yr
      17,455 SF

      Automotive Buildings with Parking Capacity

      Two buildings totaling 25,455 SF with 500-car capacity.
      6520 State Route 96, Victor, NY
      View Details
    • $12 SF/Yr
      8,000 SF

      Automotive Buildings with Parking Capacity

      Two buildings totaling 25,455 SF with parking for 500+ cars.
      6520 NY-96, Victor, NY
      View Details
    • Contact for pricing
      3,782 SF

      Flex Space in Victor, NY

      Flex space with office and warehouse in Victor, NY.
      760 Canning Pkwy, Victor, NY 14564
      View Details
    • $11 SF/Yr
      7,000 SF

      Adaptable Office Space Available

      Customizable office space near retail and Eastview Mall.
      101 Victor Heights Pkwy, Victor, NY
      View Details
    • Contact for pricing
      27,909 SF

      Prime Retail Space Near Eastview Mall

      Retail opportunity in a high-traffic location near major shopping.
      100 Cobblestone Court Dr, Victor, NY
      View Details
    • Contact for pricing
      42,153 SF

      Industrial Space Near I-90 Thruway

      Industrial space featuring multiple docks, overhead doors, and ample power.
      825 Phillips Rd, Victor, NY
      View Details
    • Contact for pricing

      Adaptable Commercial Space Available Now

      Flexible commercial space suitable for office or retail use.
      7615 Omnitech Pl, Victor, NY 14564
      View Details

    FAQs

    What type of property is this?
    Strip mall - Retail/office plaza on Route 96 in Victor, NY.
    Where is this strip mall located?
    The property is located at 8053 Pittsford Victor Rd Victor, NY.
    What are key features of this property?
    This property features: Adjacent to Eastview Mall (1.4M sf) and near Eastview Commons (Target, Home Depot, Best Buy, Staples, Old Navy); **High visibility and exposure on Route 96, a major retail corridor**; **Two available spaces (3,300 sq ft end cap and 2,239 sq ft in‑line) that can be combined**
    (585) 244-3575 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Michael A. Smith
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8053 Pittsford Victor Rd, Victor, NY
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!