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    50 Liberty Pole Way Rochester, NY 14604

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    For Lease
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    12,616 SF Multipurpose Theater

    Lot size:
    12,616 SF

    Property Features for 50 Liberty Pole Way

    General Information

    Property type
    Churches & religious facilities
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    12,616 SF

    Spaces For Lease

    at 50 Liberty Pole Way, Rochester, NY 14604 Contact us
    Unit

    $10 /Mo

    Size
    12,616 SF
    Contact us

    We can help!

    Listing Contact
    Paul Schiliro
    Paul Schiliro

    Listing Agency: Hanna Commercial Real Estate Cleveland Listing Agent: Paul Schiliro

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

    Learn more

    Overview

    This stunning, 12,616 square foot, single-tenant property in downtown Rochester, NY, is a historic multipurpose event venue. Originally a Baptist church, the building boasts a 5,650 square foot auditorium with a seating capacity of 1,190 (1,339 standing) and a ceiling height of 33-36 feet. The space is ideal for a variety of events, including theater productions, live music concerts (hosting events for the Rochester Jazz Festival), cultural events (including the Rochester Fringe Festival), comedy shows, corporate events (seminars, award ceremonies, and luncheons), and religious services. In addition to the main auditorium, the property includes several breakout rooms ranging from 450 to 2,500 square feet, a service kitchen (without cooking facilities), and four bathrooms. The property is zoned CCD-M and is located at 50 Liberty Pole Way, Rochester, NY 14604. Ample parking is available nearby, including St. Joe's Parking Garage and several surface lots within a short walk. The monthly gross lease rate is $12,500, inclusive of all utilities. Individual event rental rates are negotiable.
    Property Profile Location Intelligence

    Current Use by Public Records

    ATM Atm Temple Theater Hotel & Motel

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.604609954534
    Latitude
    43.158443216187

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    FAQs

    What type of property is this?
    Church & religious facility - 12,616 SF Multipurpose Theater
    Where is this church & religious facility located?
    The property is located at 50 Liberty Pole Way Rochester, NY.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: 12,616 SF Multi-purpose Event Venue in Downtown Rochester, NY.; 5,650 SF Auditorium; 1,190 seated/1,339 standing capacity; 33-36' ceilings.; Breakout rooms (450-2,500 SF), service kitchen, four bathrooms.
    Request Owner's contact information
    50 Liberty Pole Way Rochester, NY 14604
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    50 Liberty Pole Way
    Rochester, NY 14604
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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
    50 Liberty Pole Way Rochester, NY 14604
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    Contact for Pricing
    Please call us for current price
    and status of this listing Paul Schiliro
    Paul Schiliro
    Real Estate License ID: 40SC0913944
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