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    Property profile & analytics

    6720 Pittsford Palmyra Rd Fairport, NY 14450-3344

    • Super regional malls
    • 196,411 SF
    • 23.40 lot acres
    OFF-MARKET
    Value Estimations
    $765,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3143198
    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

    • The Little Gym / Gymnastics Center
    • Rock Steady Boxing Flower City / Fitness Center
    • Bocaccini's Italian Bistro / Takeout Restaurant / Italian Restaurant
    • Sport Clips Haircuts of Fairport / Hair Salon / Barber Shop
    • Hairzoo / Hair Salon / Barber Shop

    Property Details for 6720 Pittsford Palmyra Rd

    Year built
    1972
    Lot size
    23.40 lot acres
    Property size
    196,411 SF
    Zone code
    COMMERCIAL
    Property type
    Super regional malls
    APN
    264489 166.17-2-24
    APU
    26448916617224

    Description

    Perinton Square, located at 6720 Pittsford Palmyra Rd, Fairport, NY 14450, offers exceptional retail opportunities in a thriving Monroe County community. This 194,000 square foot shopping center, situated on approximately 23 acres at the intersection of Routes 31 and 250, provides a vibrant neighborhood shopping experience. Currently, 40,177 square feet of retail space is available, divisible into units as small as 300 square feet and up to a contiguous 2,300 square feet. The center boasts a diverse tenant mix, including established businesses such as LA Fitness, Starbucks, Chipotle, and others, creating a strong synergy and high foot traffic. Perinton Square is undergoing revitalization, including enhanced pedestrian access, façade updates, and the construction of a new fitness center. Ample parking is available, and the center hosts community events, attracting a broad customer base from surrounding towns like Fairport, Brighton, East Rochester, and Victor. Perinton's designation as a "top 100 Best Place to Live in America" by Money Magazine underscores the area's desirability and strong market potential. This prime location, surrounded by residential neighborhoods, office and industrial parks, and recreational areas, presents a unique opportunity for businesses seeking high visibility and a strong customer base. Multiple tenancy options are available.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $765,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairport
    County
    Monroe
    State
    New York
    Longitude
    -77.4398
    Latitude
    43.0705
    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
    $5,000,000
    $11,000,000
    $16,000,000
    -
    $7,042,250
    $15,492,950
    $22,535,200

    Comparable in this City

    • Value Estimation
      $265,000
      9,522 SF

      7374 Pittsford Palmyra Rd

      SHOPPING CENTER, STRIP CENTER • 9,522 SF
      7374 Pittsford Palmyra Rd, Fairport, NY 14450-9599
      View Details
    • Value Estimation
      $600,000
      45,772 SF

      557 Moseley Rd, Unit 595

      SHOPPING CENTER, STRIP CENTER • 45,772 SF
      557 Moseley Rd, Fairport, NY 14450-3367
      View Details
    • Value Estimation
      $565,000
      42,890 SF

      11 Main St

      SHOPPING CENTER, STRIP CENTER • 42,890 SF
      11 Main St, Fairport, NY 14450
      View Details
    • Value Estimation
      $765,000
      120,587 SF

      50 Main St

      SHOPPING CENTER, STRIP CENTER • 120,587 SF
      50 Main St, Fairport, NY 14450
      View Details
    • Value Estimation
      $535,000
      48,509 SF

      6687 Pittsford Palmyra Rd

      SHOPPING CENTER, STRIP CENTER • 48,509 SF
      6687 Pittsford Palmyra Rd, Fairport, NY 14450-3403
      View Details
    • Value Estimation
      $310,000
      3,196 SF

      2 Courtney Dr, Unit 18

      SHOPPING CENTER, STRIP CENTER • 3,196 SF
      2 Courtney Dr, Fairport, NY 14450-3338
      View Details

    Similar Nearby for Sale

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      Fairport Commercial Land Opportunity

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      Fairport Village Business Opportunity

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      0.46 Acres

      Fairport Commercial Land - $19,900

      0.46-acre commercial lot in Fairport, NY.
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      2.62 Acre Development Site

      Development site near Erie Canal and Village of Fairport.
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    Similar Nearby for Lease

    • $16 SF/Yr
      64,385 SF

      Retail Space in Perinton Hills

      Retail space available in Perinton Hills Shopping Center.
      6687 Pittsford Palmyra Rd, Fairport, NY 14450
      View Details
    • $15 SF/Yr
      38,195 SF

      Fairport Retail Space For Rent

      Retail spaces available in successful Town Centre Plaza, Fairport, NY.
      7374 Pittsford Palmyra Rd, Fairport, NY 14450
      View Details
    • $16 SF/Yr
      64,385 SF

      Retail Space in Perinton Hills

      Retail space available in Perinton Hills Shopping Center.
      6687 Pittsford Palmyra Rd, Fairport, NY 14450
      View Details
    • $16 SF/Yr
      64,385 SF

      Retail Space in Perinton Hills

      4,111 Sq. Ft. retail space in Perinton Hills.
      6687 Pittsford Palmyra Rd, Fairport, NY 14450
      View Details
    • Contact for pricing
      3,300 SF

      Fairport Retail Space for Lease

      Shell condition retail space in redeveloped brick warehouse.
      25 Parce Ave, Fairport, NY 14450
      View Details
    • $14 SF/Yr
      1,100 SF

      Retail/Office Space with Parking

      Retail or office space with ample off-street parking.
      138 Fairport Village Lndg, Fairport, NY 14450
      View Details
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    Fairport, NY 14450-3344
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    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
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