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    200 White Spruce Blvd Rochester, NY 14623

    Sponsored
    For Sale
    $4,900,000

    Rochester Office Building: High Occupancy, Strong NOI

    Property size:
    27,105 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Southview Commons, located at 200 White Spruce Blvd, Rochester, NY 14623, presents a compelling investment opportunity. This Class B, multi-tenant office building totaling 27,105 square feet offers a blend of medical and traditional office spaces. Currently boasting 88% occupancy, the property generates a substantial net operating income (NOI) of $420,031 in 2023, translating to an attractive 8.57% capitalization rate. The asking price is $4,900,000, resulting in a price per square foot of $180.78. Situated in a prime suburban location within Monroe County, this property benefits from excellent expressway access and proximity to numerous amenities, including office parks, hotels, residential areas, retail centers, Monroe Community College, and the University of Rochester Medical Center. Recent renovations have enhanced the property's appeal, encompassing the lobby, common areas, roof, exterior, and parking facilities. The building's strong performance and strategic location make it an ideal investment for those seeking a stabilized, high-yield asset in a thriving market. Detailed financial information is available upon execution of a confidentiality agreement.

    Property Features for 200 White Spruce Blvd

    General Information

    Property type
    Medical offices
    Square Feet
    27,105 SF
    Class
    B

    HighLights

    • Class B, 27,105 SF multi‑tenant office building in Rochester, NY.
    • 88% occupancy with a 2023 NOI of $420,031 and an 8.57% cap rate.
    • Asking price: $4,900,000 ($180.78/SF).
    • Prime suburban location with excellent expressway access and proximity to amenities including major medical centers.
    • Recent renovations include the lobby, common areas, roof, exterior, and parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Nikas Jill DDS Dentist Sandra J. Eller, ... Psychologist Gregory D. Roeder, ... Psychologist Maurice A. Palucci, D.P.M. Podiatrist Dr. Adam Doyle Vascular Surgeon

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.618795120162
    Latitude
    43.104662817526

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    FAQs

    What type of property is this?
    Medical office - Rochester Office Building: High Occupancy, Strong NOI
    Where is this medical office located?
    The property is located at 200 White Spruce Blvd Rochester, NY.
    What is the asking price?
    The asking price for this property is $4,900,000.
    What are key features of this property?
    This property features: Class B, 27,105 SF multi-tenant office building in Rochester, NY.; 88% occupancy with a 2023 NOI of $420,031 and an 8.57% cap rate.; Asking price: $4,900,000 ($180.78/SF).
    Request Owner's contact information
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    Rochester, NY 14623
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    Realmo Value Estimation

    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.

    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.

    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
    200 White Spruce Blvd Rochester, NY 14623
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