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

    400 Andrews St Rochester, NY 14604

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

    Downtown Rochester athletic club with gym, field house, and more.

    Type:Office
    Added:
    Jul 26, 2020
    Days on Market:
    2104
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 400 Andrews St

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1930

    Spaces For Lease

    at 400 Andrews St Contact us

    We can help!

    Listing Contact
    Peter Gillett

    Listing agent Peter Gillett License #NY 10491208239

    Listing office Flaum Management Company, Inc.

    Listing date Jul 26, 2020

    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 Flaum Management Company, Inc.

    Overview

    Harro East Athletic Club Space

    The Harro East Building, constructed in the 1930s and formerly known as the Triangle Theater, is situated in Downtown's St. Joseph's Park Neighborhood. The building houses the Harro East Athletic Club on the basement level, with office space occupying floors 2-6. The Harro East Athletic Club is available for lease and features a full gymnasium with an upper indoor track, a newly renovated field house with turf suitable for soccer, lacrosse, and birthday parties. The cardio room is equipped with over 15 Life Fitness treadmills, ellipticals, stationary bikes, rowing machines, and more. The weight room is fully stocked with dumbbells, weight plates, barbells, Paramount Fitness squat racks, a leg curl machine, cable machines, a leg extension, a machine fly, and a leg press. There is also studio space for yoga, Zumba, and other fitness classes. Locker rooms with saunas are available, and ample free parking is provided for members.
    Location Intelligence

    Current Use by Public Records

    Arca Interactive Marketing & Advertising Ciber Inc IT Consulting Firm Harro East Athletic ... Gym & Fitness Center Penn Mutual Life ... Insurance Agency Investors Stock Daily, ... Advertising Agency

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Law Firm Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

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

    Similar Places Nearby

    • Paul Louis Arena — 1 Boys Club Pl, Rochester, NY 14608
    • test cinet — 12 war memorial square, rochester, ny 14604
    • InOUTFitness — 336 Broadway, Rochester, NY 14607
    • Blue Cross Arena — 1 War Mem Sq, Rochester, NY 14614
    • Central Rock Gym — 725 Averill Ave, Rochester, NY 14607

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.6043619
    Latitude
    43.1605534

    Nearby Similar for Lease

    • $11 SF/Yr

      Unique Rochester Commercial Flex Space

      4,100 SF flex space with culinary infrastructure for lease.
      444 Central Avenue, Rochester, NY 14605
      View Details
    • $1,200/Mo

      Rochester Commercial Space for Lease

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

      Turnkey Restaurant Opportunity in Rochester

      Fully equipped restaurant established in 2025, ready for operation.
      1555 E Henrietta Rd, Rochester, NY 14623
      View Details
    • $2,300/Mo

      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 SF/Yr

      Versatile Office Building in Rochester

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

      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
    • $4,000/Mo

      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 SF/Yr

      Established Meat Market Business Opportunity

      Thriving meat market business for sale in Rochester, NY.
      584-600 Hudson Avenue, Rochester, NY 14605
      View Details
    • $1,000/Mo

      Prime Office Space Available

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

      Prime Downtown Rochester Commercial Space

      Build-to-suit opportunity in the heart of Downtown Rochester.
      49 Stone Street, Rochester, NY 14604
      View Details
    • $15 SF/Yr

      Rochester Auto Shop For Rent

      Auto/Tire shop available for rent in high traffic area.
      3621 Dewey Avenue, Rochester, NY 14616
      View Details
    • $289,900 SF/Yr

      Mixed-Use Investment Opportunity

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

    FAQs

    What type of property is this?
    Fitness center & gym - Downtown Rochester athletic club with gym, field house, and more.
    Where is this fitness center & gym located?
    The property is located at 400 Andrews St Rochester, NY.
    What are key features of this property?
    This property features: Full gymnasium with upper indoor track.; Newly renovated field house with turf, ideal for soccer, lacrosse, and even birthday parties.; Cardio room featuring 15+ Life Fitness machines.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Peter Gillett
    Real Estate License ID: NY 10491208239
    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!