Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3235 Chili Ave Rochester, NY 14624

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

    13.57-acre development site for retail, office, and apartments.

    Type:Retail, Office, Special Purpose
    Lot size:
    13.57 Acres
    Added:
    Aug 28, 2024
    Days on Market:
    599
    Last Refresh:
    Mar 17 at 1:21 pm

    Property Features for 3235 Chili Ave

    General Information

    Standard status
    Active
    Lot size
    13.57 Acres
    Property subtype
    Retail, Office, Special Purpose

    Spaces For Lease

    at 3235 Chili Ave Contact us

    We can help!

    Listing Contact
    Janell Vanegas

    Listing agent Janell Vanegas License #NY 10491205280

    Listing office Venture Brokerage Group

    Listing date Aug 28, 2024

    Source Crexi

    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 Venture Brokerage Group

    Overview

    Chili Village Center Development Land

    This 13.57-acre development, named Chili Village Center, is planned to include a variety of sites for retail, neighborhood services, office spaces, and luxury apartments. Retail pad sites with drive-through options are also available. The location is less than 0.3 miles from Interstate 490, situated in the Chili retail corridor. Nearby tenants include Wegmans, Target, Aldi’s, and Big Lots. The property is located approximately 4 miles from Frederick Douglass Greater Rochester International Airport. This development is intended to be a popular center.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Town of Chili Senior ... Community Center

    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
    -77.750482
    Latitude
    43.104577

    Nearby Similar for Lease

    • $11/mo

      Unique Rochester Commercial Flex Space

      4,100 SF flex space with culinary infrastructure for lease.
      444 Central Avenue, Rochester, NY 14605
      View Details
    • Contact for pricing

      Rochester Commercial Space for Lease

      Commercial space available in Rochester, formerly a laundromat.
      512 Lyell Avenue, Rochester, NY 14606
      View Details
    • $275,000/mo

      Turnkey Restaurant Opportunity in Rochester

      Fully equipped restaurant established in 2025, ready for operation.
      1555 E Henrietta Rd, Rochester, NY 14623
      View Details
    • Contact for pricing

      Updated Commercial Space on Monroe

      Updated commercial space suitable for salon, retail, office, or medical.
      1704 Monroe Avenue, Rochester, NY 14618
      View Details
    • $590,000/mo

      Versatile Office Building in Rochester

      8320 sq ft office building with flexible leasing options.
      1171 Titus Avenue, Rochester, NY 14617
      View Details
    • $1.00/mo

      Freestanding Building in Emerging District

      High-visibility 2,916 SF building in Rochester's active retail corridor.
      266-270 Monroe Avenue, Rochester, NY 14607
      View Details
    • Contact for pricing

      Versatile Commercial Space in Rochester

      6,000 sq ft space ideal for bar or restaurant.
      123 Liberty Pole Way, Rochester, NY 14604
      View Details
    • $375,000/mo

      Established Meat Market Business Opportunity

      Thriving meat market business for sale in Rochester, NY.
      584-600 Hudson Avenue, Rochester, NY 14605
      View Details
    • $299,900/mo

      Mixed-Use Investment Opportunity

      Six-unit income property with commercial space in a growing area.
      512 Lyell Avenue, Rochester, NY 14606
      View Details
    • Contact for pricing

      Prime Office Space Available

      Handicap accessible office space suitable for various professional uses.
      233 #1 Alexander Street, Rochester, NY 14607
      View Details
    • $14/mo

      Prime Downtown Rochester Commercial Space

      Build-to-suit opportunity in the heart of Downtown Rochester.
      49 Stone Street, Rochester, NY 14604
      View Details
    • Contact for pricing

      Rochester Auto Shop For Rent

      Auto/Tire shop available for rent in high traffic area.
      3621 Dewey Avenue, Rochester, NY 14616
      View Details

    FAQs

    What type of property is this?
    Commercial land - 13.57-acre development site for retail, office, and apartments.
    Where is this commercial land located?
    The property is located at 3235 Chili Ave Rochester, NY.
    What are key features of this property?
    This property features: Prime location less than 0.3 miles from Interstate 490; 13.57‑acre development suitable for retail, service, office, and apartments; Located in the heart of the Chili retail corridor
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Janell Vanegas
    Real Estate License ID: NY 10491205280
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!