Add Listing
    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

    525 Marketplace Dr Rochester, NY 14623

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

    75,800 SF prime retail redevelopment.

    Property Features for 525 Marketplace Dr

    General Information

    Property type
    Lifestyle centers
    Lot Size
    519,235 SF

    Building Details

    Year Built
    1997
    Buildings
    1
    Stories
    1

    We can help!

    Listing Contact
    Janell Vanegas
    Janell Vanegas

    Listing Agency: Venture Brokerage Group Listing Agent: Janell Vanegas

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 75,800 square foot redevelopment opportunity presents a unique chance to transform the former Regal Henrietta Movie Theater into a thriving commercial venture. Located in the heart of Henrietta's bustling retail corridor, this 11.92-acre property boasts a prime location bordering Jay Scutti Plaza to the east. The surrounding area is anchored by major retailers including Wegmans, HomeGoods, Walmart Superstore, and Target, ensuring high visibility and significant foot traffic. The property's convenient location is less than one mile from the Marketplace Mall and the University of Rochester's new 330,000 square foot Orthopedics & Physical Performance Center, which opened in 2023. Built in 1997, this single-story building offers excellent visibility and ample parking, making it an ideal site for a variety of commercial uses, including restaurants, shopping centers, or storefronts. The property is currently vacant and available for sale, offering immediate possession. This is a rare opportunity to acquire a substantial property in a high-demand location with significant redevelopment potential. The property features one building on a single story and includes one key. The property was last occupied on October 2nd, 2023.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.624968133541
    Latitude
    43.08321129298

    Nearby Similar for Sale

    • New
      $699,900
      3,740 SF

      Long-Standing Rochester Restaurant Opportunity

      Restaurant for sale in Rochester with land and furnishings.
      559 E Ridge Rd, Rochester, NY 14621
      View Details
    • $324,900
      2,280 SF

      Versatile Commercial Building in Rochester

      Move-in ready commercial building with permitted use variance.
      70 Cooper Rd, Rochester, NY 14617
      View Details
    • $900,000
      2,671 SF

      Unique Retail Opportunity on Monroe

      Retail property with pickleball courts on bustling Monroe Avenue.
      2195 Monroe Ave, Rochester, NY 14618
      View Details
    • $375,000
      3,600 SF

      Southwedge Retail Services Building

      Retail and distribution space in Rochester's Southwedge neighborhood.
      754 S Clinton Ave S, Rochester, NY 14620
      View Details
    • $199,999
      4,331 SF

      Mixed-Use Property in Center City District

      Mixed-use property with residential income potential in Rochester, NY.
      416 Central Ave, Rochester, NY 14605
      View Details
    • $450,000
      3,330 SF

      Functional Warehouse/Flex Space in Rochester

      Warehouse/flex space in Rochester's South Wedge neighborhood with parking.
      161 Comfort St, Rochester, NY 14620
      View Details
    • $799,900
      9,690 SF

      Rochester Commercial Opportunity Zone Property

      Commercial property in Rochester's Opportunity Zone with high traffic exposure.
      688-694 W Ridge Rd, Rochester, NY 14615
      View Details
    • $265,000
      16,586 SF

      Historic Rochester Building Redevelopment Opportunity

      16,586 SF building in downtown Rochester, prime for redevelopment.
      159 Alexander St, Rochester, NY 14607
      View Details
    • $499,900
      Pending

      Victorian Duplex in Arts District

      Turn-key duplex with modern amenities and original character in Rochester.
      21 Rundel Park, Rochester, NY 14607
      View Details
    • New
      $299,900
      Pending

      Duplex with Separate Utilities

      Two-unit property with recent upgrades, ideal for owner-occupancy.
      14-16 Boardman St, Rochester, NY 14607
      View Details
    • $599,999
      13,300 SF

      Climate-Controlled Storage Facility Near University

      Premier Rochester self-storage facility with climate control and robust client base.
      169 Flanders St, Rochester, NY 14619
      View Details
    • New
      $425,000
      3,092 SF

      Turn-of-the-Century Duplex in Rochester

      Stunning duplex with architectural details in the Park Avenue neighborhood.
      210 Culver Rd, Rochester, NY 14607
      View Details

    FAQs

    What type of property is this?
    Lifestyle center - 75,800 SF prime retail redevelopment.
    Where is this lifestyle center located?
    The property is located at 525 Marketplace Dr Rochester, NY.
    What are key features of this property?
    This property features: Excellent redevelopment opportunity for a former movie theater.; Prime Henrietta retail location adjacent to Jay Scutti Plaza, near Wegmans, HomeGoods, Walmart, and Target.; Less than one mile from Marketplace Mall and the University of Rochester's new Orthopedics & Physical Performance Center.
    (585) 615-1102 Call to check price and availability
    Request Owner's contact information
    525 Marketplace Dr Rochester, NY 14623
    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.
    525 Marketplace Dr
    Rochester, NY 14623
    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
    525 Marketplace Dr Rochester, NY 14623
    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 Janell Vanegas
    Janell Vanegas
    Real Estate License ID: 10491205280
    (585) 615-1102 (585) 223-6832
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!