Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7629 State Rte Bloomfield, NY 14469

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Spacious warehouse, 219,040 sq ft, 50 acres

    Property size:
    219,040 SF

    Property Features for 7629 State Rte

    General Information

    Property type
    Distribution properties
    Square Feet
    219,040 SF
    Lot Size
    2,165,847 SF

    Building Details

    Year Built/Renovated
    1965/2020

    We can help!

    Listing Contact
    Adam Rooney
    Adam Rooney

    Listing Agency: Benchmark Realty Advisors, LLC Listing Agent: Adam Rooney

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

    Learn more

    Overview

    This expansive industrial warehouse, situated on a 49.721-acre lot in Bloomfield, NY, presents a significant investment opportunity. The property, located at 7629 State Route 5 & 20, boasts 219,040 square feet of warehouse space, complemented by approximately 17,988 square feet of office space. Built in 1965 and extensively renovated in 2020, the facility features 18 loading docks and ceiling heights ranging from 14 to 17 feet. The warehouse benefits from a wet sprinkler system (dry in the machine shop) and compressed air throughout. Heating is provided in the warehouse, while the office space is air-conditioned. The property is zoned GI - General Industrial, offering flexibility for various uses. Its strategic location, approximately 30 minutes south of Rochester and 15 minutes east of I-390 Expressway (Exit 10), provides excellent access to transportation networks. This property is ideal for owner-occupants or investors seeking to subdivide for multiple industrial or manufacturing tenants. The asking price is $9,500,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    Bloomfield
    County
    Ontario
    State
    New York
    Longitude
    -77.4545444
    Latitude
    42.8954996

    Nearby Similar for Sale

    • Contact for pricing
      9,026 SF

      Retail Property with Corporate Guarantee

      NNN investment opportunity with long-term lease and creditworthy tenant.
      9212 State Route 5 And 20, Bloomfield, NY 14469
      View Details
    • $429,900
      13,890 SF

      Retail Plaza on High Traffic

      Strip plaza on a corner lot with value-add opportunity.
      24 Maple Ave, Bloomfield, NY 14469
      View Details

    FAQs

    What type of property is this?
    Distribution property - Spacious warehouse, 219,040 sq ft, 50 acres
    Where is this distribution property located?
    The property is located at 7629 State Rte Bloomfield, NY.
    What is the asking price?
    The asking price for this property is $9,500,000.
    What are key features of this property?
    This property features: $9,500,000 asking price for this industrial warehouse.; 219,040 square foot warehouse on a 49.721-acre lot in Bloomfield, NY.; Built in 1965, renovated in 2020, with GI General Industrial zoning.
    (585) 489-9512 Call to check price and availability
    Request Owner's contact information
    7629 State Rte Bloomfield, NY 14469
    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.
    7629 State Rte
    Bloomfield, NY 14469
    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
    7629 State Rte Bloomfield, NY 14469
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Adam Rooney
    Adam Rooney
    Real Estate License ID: 10491211713
    (585) 489-9512
    Learn more
    Google sign-in failed. Please try again or use another login method.