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    1208 Scottsville Rd Rochester, NY 14624

    Sponsored
    For Sale
    $18,796,000

    Walgreens & Fresenius: 25,032 SF, 100% Occupied

    Property size:
    25,032 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a fee simple interest in two high-performing retail properties, totaling 25,032 square feet. Located in Rochester, NY (1208 Scottsville Rd, 14624) and Paterson, NJ (350 Preakness Ave, 07502), the portfolio boasts a strong 5.10% capitalization rate and a substantial net operating income (NOI) of $958,625. The properties are fully occupied by national tenants Walgreens and Fresenius Kidney Care, ensuring stable cash flow. Built in 2011 and 2017, these properties represent a blend of modern construction and established tenancy. The asking price is $18,796,000, translating to a price per square foot of $750.88. The Rochester property is situated in Monroe County, NY, while the Paterson property is located in Passaic County, NJ. This portfolio offers a compelling investment opportunity with strong tenant occupancy, significant NOI, and a desirable cap rate. The properties are held under fee simple ownership, encompassing both land and buildings. The combined APNs are 262200 135.03-1-9.11 & 08 01204-0000-00008.

    Property Features for 1208 Scottsville Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    25,032 SF

    Building Details

    Year Built
    2011

    HighLights

    • $18,796,000 asking price for a fee simple interest in a retail portfolio.
    • The portfolio consists of two properties totaling 25,032 square feet.
    • Located in Rochester, NY and Paterson, NJ.
    • Tenants are Walgreens and Fresenius Kidney Care, with 100% occupancy.
    • Features a 5.10% cap rate and a $958,625 net operating income (NOI).
    • Built in 2011 and 2017.
    Property Profile Location Intelligence

    Current Use by Public Records

    Fresenius Kidney Care ... Dialysis Center

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.6567631
    Latitude
    43.1178973

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    FAQs

    What type of property is this?
    Individual retail property - Walgreens & Fresenius: 25,032 SF, 100% Occupied
    Where is this individual retail property located?
    The property is located at 1208 Scottsville Rd Rochester, NY.
    What is the asking price?
    The asking price for this property is $18,796,000.
    What are key features of this property?
    This property features: $18,796,000 asking price for a fee simple interest in a retail portfolio.; The portfolio consists of two properties totaling 25,032 square feet.; Located in Rochester, NY and Paterson, NJ.
    Request Owner's contact information
    1208 Scottsville Rd Rochester, NY 14624
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    Rochester, NY 14624
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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
    1208 Scottsville Rd Rochester, NY 14624
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