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    The Largest CRE Database in the US with Over 1 Million Listings

    2280 Clinton Ave Rochester, NY 14618

    Sponsored
    For Lease
    $21 SF/Yr

    Prime Rochester Medical Office Building, 6,809 SF Available

    Lot size:
    38,976 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    420
    This exceptional two-story medical office building, situated at 2280 S Clinton Ave, Rochester, NY 14618, offers a fantastic opportunity for medical professionals seeking established space in a thriving location. The building, constructed in 1985, boasts a total of 38,976 square feet, with a minimum divisible space of 2,093 square feet. Currently, there are 6,809 square feet of vacant space available, perfect for expansion or new tenancy. The property sits on 2.6 acres of land and features convenient amenities including elevators. Its strategic location in Clinton Crossing Medical Center at the intersection of Westfall Road and South Clinton Avenue provides excellent visibility and accessibility. The building benefits from its proximity to major roadways, including easy access to I-390 and I-590, ensuring convenient commutes for both staff and patients. Furthermore, its location less than two miles from Strong Memorial Hospital enhances its appeal within the medical community. The building is located in Monroe County, New York. Multiple suites are available, ranging in size from 1,569 to 2,830 square feet. This is an ideal opportunity to establish or expand your medical practice in a well-established and highly accessible medical center.

    Property Features for 2280 Clinton Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    38,976 SF
    Total Rate
    68208

    Building Details

    Year Built
    1985
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 130
    Size
    2,030 SF
    Rate per SF
    $21
    Space
    Suite 110
    Size
    1,569 SF
    Rate per SF
    $21
    Space
    Suite 120
    Size
    2,406 SF
    Rate per SF
    $21
    Space
    Suite 115
    Size
    2,830 SF
    Rate per SF
    $21

    We can help!

    Listing Contact
    Christopher Giunta
    Christopher Giunta

    Learn more

    Property Insight Report

    HighLights

    • Exceptional two‑story medical office building totaling 38,976 square feet in Rochester, NY.
    • 6,809 square feet of vacant space available, with suites ranging from 1,569 to 2,830 square feet.
    • Located in Clinton Crossing Medical Center, offering excellent visibility and accessibility.
    • Situated on 2.6 acres with convenient amenities including elevators.
    • Prime location near I‑390 and I‑590, less than two miles from Strong Memorial Hospital.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Dental Office Hair Salon 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
    -77.596006
    Latitude
    43.113875

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    FAQs

    What type of property is this?
    Medical office - Prime Rochester Medical Office Building, 6,809 SF Available
    Where is this medical office located?
    The property is located at 2280 Clinton Ave Rochester, NY.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: Exceptional two-story medical office building totaling 38,976 square feet in Rochester, NY.; 6,809 square feet of vacant space available, with suites ranging from 1,569 to 2,830 square feet.; Located in Clinton Crossing Medical Center, offering excellent visibility and accessibility.
    Request Owner's contact information
    2280 Clinton Ave Rochester, NY 14618
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    Rochester, NY 14618
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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
    2280 Clinton Ave Rochester, NY 14618
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    We can help!
    Listing Contact
    Christopher Giunta
    Christopher Giunta
    Real Estate License ID: 10401283811
    Learn more
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