Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    217 Main St Rochester, NY 14614-1101

    • Office buildings
    • 25,548 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimations
    $470,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-0925716
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Howard Hanna Rochester Main / Insurance Broker / Mortgage Lender
    • Commercial Insurance Consultants / Consultant
    • Peter DiMartino, Howard Hanna / Real Estate Agent
    • Business Network International / Business Networking Company
    • richard sarkis / Real Estate Agency

    Property Details for 217 Main St

    Year built
    1920
    Lot size
    0.17 lot acres
    Property size
    25,548 SF
    Property type
    Office buildings
    APN
    261400 121.29-1-19.001
    APU
    26140012129119001

    Description

    This four-story, 25,548-square-foot office building at 217 West Main Street in Rochester, NY (zip code 14614), presents a compelling investment or leasing opportunity. Its prime location offers high visibility and excellent signage potential, making it ideal for a headquarters or significant office presence. The building boasts a convenient secured surface parking lot with capacity for approximately 90 vehicles, ensuring ample parking for employees and clients. The flexible interior layout allows for customization to meet diverse business needs. This traditional office space is situated in Monroe County and provides unique branding opportunities. The property's address is easily accessible, contributing to its overall appeal. The building's size and features make it suitable for a wide range of office users seeking a prominent location in Rochester's vibrant downtown area. The sale or lease of this property offers a chance to establish a strong presence in a high-traffic area with excellent visibility and convenient parking. Serious inquiries are encouraged to explore this exceptional opportunity further.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $470,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $350,000
      Market price range: $122k - $647k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.6184
    Latitude
    43.1542
    CBSA code
    40380
    CBSA name
    ROCHESTER, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $74,000
    $794,600
    $868,600
    -
    $89,157
    $957,349
    $1,046,506

    Comparable in this City

    • Value Estimation
      $775,000
      155,000 SF

      185 Exchange Blvd

      OFFICE BUILDING • 155,000 SF
      185 Exchange Blvd, Rochester, NY 14614-2124
      View Details
    • Value Estimation
      $560,000
      59,452 SF

      47 Fitzhugh St

      OFFICE BUILDING • 59,452 SF
      47 Fitzhugh St, Rochester, NY 14614-1414
      View Details
    • Value Estimation
      $395,000
      13,400 SF

      40 Commercial St

      OFFICE BUILDING • 13,400 SF
      40 Commercial St, Rochester, NY 14614-1040
      View Details
    • Value Estimation
      $755,000
      12,404 SF

      73 State St

      OFFICE BUILDING • 12,404 SF
      73 State St, Rochester, NY 14614-1369
      View Details
    • Value Estimation
      $175,000
      61,910 SF

      19 Main St

      OFFICE BUILDING • 61,910 SF
      19 Main St, Rochester, NY 14614-1807
      View Details
    • Value Estimation
      $395,000
      31,125 SF

      31 Main St

      OFFICE BUILDING • 31,125 SF
      31 Main St, Rochester, NY 14614-1913
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      266,731 SF

      Downtown Rochester Mixed-Use Opportunity

      Mixed-use property with retail, office, and parking in downtown Rochester.
      28 E Main St, Rochester, NY 14614
      View Details
    • $1,775,000
      24,492 SF

      Renovated Mixed-Use Investment Property

      Fully renovated mixed-use property in Rochester, NY with 24 units.
      511 State St, Rochester, NY 14614
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      8,075 SF

      Unique Office Space for Lease

      Office spaces with architectural features near High Falls State Park.
      194 Mill St, Rochester, NY 14614
      View Details
    • $395,000
      5,800 SF

      Redevelopment Opportunity in Rochester, NY

      5,800 SF building available for commercial or residential redevelopment.
      30-32 N Washington St, Rochester, NY 14614
      View Details
    • Contact for pricing
      188,940 SF

      Crossroads Building Office Space

      Downtown Rochester Office Suites Available
      2 State St, Rochester, NY 14614
      View Details
    • Contact for pricing
      8,436 SF

      Downtown Rochester Office Space

      Prime Office Space, 6,000 SF Available
      205 Broad St, Rochester, NY 14614
      View Details
    • $15 SF/Yr
      27,000 SF

      Upgraded Office Space in Rochester

      High Falls District office space with river views available for lease.
      298-300 State St, Rochester, NY 14614
      View Details
    • $17 SF/Yr
      10,000 SF

      Renovated Office Space Available

      Class 'AR' office space in High Falls/Browns Race district.
      61 Commercial St, Rochester, NY 14614
      View Details
    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.
    217 Main St
    Rochester, NY 14614-1101
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.