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    4401 Lake Ave Rochester, NY 14612

    Sponsored
    For Sale
    $2,151,000

    High-yield, corporate-guaranteed auto repair shop.

    Property size:
    15,418 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 15,418 square foot Caliber Collision auto shop situated on a 1.75-acre lot at 4401 Lake Ave, Rochester, NY 14612. The property boasts a strong 6.75% cap rate, generating a net operating income (NOI) of $145,173. The single-tenant, net-leased property features a corporate guarantee from Caliber Collision, a national leader in auto repair, ensuring a stable and reliable income stream. The lease, commencing December 5, 2020, has a remaining term of 6.1 years with two, 5-year options, and includes annual rent bumps of 2%. Built in 1965, this one-story building benefits from high visibility due to its location at the end of Highway 132, attracting significant traffic volume. The property's prime location near Ontario Beach Park and other local attractions, coupled with an affluent surrounding area (average household income within a 3-mile radius is $92,976), further enhances its investment appeal. This is a resilient, recession-resistant investment in an essential service industry. The asking price is $2,151,000, translating to a price per square foot of $139.51. The property's size and location make it an ideal prototype for Caliber Collision.

    Property Features for 4401 Lake Ave

    General Information

    Property type
    Automotive properties
    Square Feet
    15,418 SF
    Lot Size
    76,230 SF

    Building Details

    Year Built
    1965
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • High‑visibility location at the end of Highway 132, ensuring significant traffic exposure.
    • Minutes from Ontario Beach Park, Lake Shore Country Club, Lake Shore Hockey Arena, and Charlotte Genesee Lighthouse.
    • Strong demographics: Average household income within 3 miles is $92,976.
    • Investment‑grade tenant: Corporate‑guaranteed lease with Caliber Collision (approx. 1,600 locations, $4B annual revenue).
    • Large lot size: ±1.75 acres accommodating a ±15,418 SF Caliber Collision building.
    • Nationally recognized tenant: Caliber Collision is a leading auto repair company with over 1,100 locations nationwide.
    Property Profile Location Intelligence

    Current Use by Public Records

    Caliber Collision Auto Body Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.6144259
    Latitude
    43.2510805

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    FAQs

    What type of property is this?
    Automotive property - High-yield, corporate-guaranteed auto repair shop.
    Where is this automotive property located?
    The property is located at 4401 Lake Ave Rochester, NY.
    What is the asking price?
    The asking price for this property is $2,151,000.
    What are key features of this property?
    This property features: High-visibility location at the end of Highway 132, ensuring significant traffic exposure.; Minutes from Ontario Beach Park, Lake Shore Country Club, Lake Shore Hockey Arena, and Charlotte Genesee Lighthouse.; Strong demographics: Average household income within 3 miles is $92,976.
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    4401 Lake Ave Rochester, NY 14612
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