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    550 Main St Rochester, NY 14604

    Sponsored
    For Sale
    $1,890,000

    High-yield NNN investment, 3 tenants, 43 parking spaces.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents a fully leased, three-tenant office building situated at 550 East Main Street in Rochester, New York. The property boasts a strong 8.23% capitalization rate and a substantial net operating income (NOI) of $155,609. The building, a two-story structure with a finished lower level, sits on a 0.45-acre lot and includes ample parking with 43 spaces. All three tenants are under triple net (NNN) leases, minimizing landlord responsibilities and maximizing return. The building is currently 100% occupied, providing immediate cash flow. Each tenant space has undergone recent renovations or build-outs, ensuring modern and attractive office environments. The property's prime location within Rochester's East Avenue Corridor and its proximity to the Inner Loop Redevelopment Project offer significant long-term growth potential. Rent bumps are included in the lease agreements, further enhancing the investment's profitability. This is a rare opportunity to acquire a stable, high-performing commercial property in a desirable location. The asking price is $1,890,000.

    Property Features for 550 Main St

    General Information

    Property type
    Office Properties & Spaces

    HighLights

    • $1,890,000 Asking Price
    • Fully Leased, Multi‑Tenant Office Building
    • 8.23% Cap Rate, $155,609 NOI
    • Triple Net (NNN) Leases with Rent Bumps
    • Three Tenants, 100% Occupancy, 43 Parking Spaces
    Property Profile Location Intelligence

    Current Use by Public Records

    Envative Software Company Rochester Step Off ... School NACA Non-Profit Organization In Control Youth Organization Action For A Better Community ... Food Bank

    Suggested Use

    Realty agency Restaurant Dental Office Spa & Massage Hair Salon Law Firm Nail Salon Building Supply Clothing Store 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
    -77.5978508
    Latitude
    43.1592926

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    FAQs

    What type of property is this?
    Office Property / Space - High-yield NNN investment, 3 tenants, 43 parking spaces.
    Where is this office property / space located?
    The property is located at 550 Main St Rochester, NY.
    What is the asking price?
    The asking price for this property is $1,890,000.
    What are key features of this property?
    This property features: $1,890,000 Asking Price; Fully Leased, Multi-Tenant Office Building; 8.23% Cap Rate, $155,609 NOI
    (585) 489-9512
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    550 Main St Rochester, NY 14604
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    Rochester, NY 14604
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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
    550 Main St Rochester, NY 14604
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