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    804 Goodman St Rochester, NY 14609

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    For Lease
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    Rochester Retail Center: High Traffic, Great Visibility

    Lot size:
    84,323 SF

    Property Features for 804 Goodman St

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    84,323 SF

    Building Details

    Year Built
    1995

    Spaces For Lease

    at 804 Goodman St, Rochester, NY 14609 Contact us

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    Listing Contact
    Tin Tin Ren, Ccim
    Tin Tin Ren, Ccim

    Listing Agency: REN Management Group LLC Listing Agent: Tin Tin Ren, Ccim

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional retail opportunity presents 17,314 square feet of vacant space within the established Goodman Plaza shopping center in Monroe County, New York. Located at the intersection of Goodman Street and Bay Street, this property boasts a prime location with exceptional visibility and high traffic counts exceeding 22,600 vehicles daily. The available space is divisible, offering a minimum of 3,200 square feet and a maximum contiguous space of 10,100 square feet, making it suitable for a variety of retail uses. The entire shopping center encompasses 84,323 square feet and currently houses two suites. Built in 1995, this property benefits from strong sales among existing tenants, including a Family Dollar and Save-a-Lot. A significant advantage is the cross-easement with ESL Federal Credit Union, a well-established institution with 23 branches throughout Monroe County, which opened a new branch in Spring 2023. The property's proximity to the Central Business District (CBD), approximately 5 minutes away, further enhances its appeal and accessibility. This is a rare chance to secure a highly visible retail space in a thriving commercial area with excellent existing tenant synergy and high daily traffic volume. The property offers significant potential for growth and success.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    higi Physician Corey Forsythe Pharmacy Edward Kappen Pharmacy FedEx OnSite Courier Service

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.5790463
    Latitude
    43.1689196

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    FAQs

    What type of property is this?
    Lifestyle center - Rochester Retail Center: High Traffic, Great Visibility
    Where is this lifestyle center located?
    The property is located at 804 Goodman St Rochester, NY.
    What are key features of this property?
    This property features: Retail shopping center totaling 84,323 square feet.; Multiple tenants, with 17,314 square feet currently vacant, divisible into spaces from 3,200 to 10,100 square feet.; Located in Monroe County, at the intersection of Goodman and Bay Streets, near Central Park.
    Request Owner's contact information
    804 Goodman St Rochester, NY 14609
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    Rochester, NY 14609
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    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
    804 Goodman St Rochester, NY 14609
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    Contact for Pricing
    Please call us for current price
    and status of this listing Tin Tin Ren, Ccim
    Tin Tin Ren, Ccim
    Real Estate License ID: 10491210256
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