Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Webster Office Building For Lease Title is generated by Realmo AI

    Mitcheldean Dr, Webster, NY 14580

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Single tenant office building with ample parking in Webster, NY.

    Type:Office, Special Purpose, Retail
    Added:
    Dec 8, 2022
    Days on Market:
    1274
    Last Refresh:
    May 12 at 8:57 pm

    Property Features for Mitcheldean Dr

    General Information

    Standard status
    Active
    Property subtype
    Office, Special Purpose, Retail

    Spaces For Lease

    at Mitcheldean Dr Contact us

    We can help!

    Listing Contact
    William Korchak

    Listing agent William Korchak License #NY 31K00909771

    Listing office JLL - New York City, New York

    Listing date Dec 8, 2022

    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 JLL - New York City, New York

    HighLights

    • Ample parking available for tenants and visitors.
    • Located on the Xerox Webster Campus.
    • Suitable for conversion to medical or educational uses.
    • Located at the intersection of Phillips Road & Mitcheldean Drive.
    • Conveniently located just ½ mile to Route 104.
    • Long term net lease/ground lease considered.

    Overview

    This single-tenant office building, located on the Xerox Webster Campus at the intersection of Phillips Road and Mitcheldean Drive, offers ample parking. It is situated approximately 0.5 miles from Route 104 and 16 miles from Downtown Rochester. The property is suitable for conversion to medical or educational uses. Long-term net lease or ground lease options are considered.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Map

    City
    Webster
    County
    Monroe
    State
    New York
    Longitude
    -77.4462
    Latitude
    43.22

    Nearby Similar for Lease

    • $30 SF/Yr

      Prime Retail Plaza in Webster

      Multi-tenant retail plaza in high-traffic Webster location.
      975 Ridge Rd, Webster, NY 14580
      View Details
    • $18 SF/Yr
      24,996 SF

      Office Space in Webster, NY

      Office space available in a mixed-use building with ample parking.
      1695 Empire Boulevard, Webster, NY 14580
      View Details
    • Contact for pricing
      1,825 SF

      Webster Office Space Ready

      Shell space ready for custom build-out in Webster, NY.
      1065 Ridge Rd, Webster, NY 14580
      View Details
    • Contact for pricing
      23,500 SF

      Retail Space in Webster, NY

      Retail property with established anchor tenants and high traffic.
      2186 Empire Blvd, Webster, NY
      View Details
    • $29 SF/Yr
      4,500 SF

      Freestanding Restaurant Space Available

      Freestanding restaurant space for rent on Empire Blvd.
      1960 Empire Blvd, Webster, NY
      View Details
    • $30 SF/Yr
      14,690 SF

      Freestanding Building with Drive-Thru

      Corner lot with drive-thru in a growing retail corridor.
      985 Ridge Rd, Webster, NY
      View Details
    • Contact for pricing
      7,419 SF

      Webster Warehouse Space For Lease

      Warehouse space available in Empire Ridge Plaza, Webster, NY.
      657 Ridge Rd Rear, Webster, NY 14580
      View Details
    • Contact for pricing
      13,007 SF

      Retail Space in Baytowne Square

      In-line retail spaces available in a neighborhood shopping center.
      1855 Empire Blvd, Webster, NY 14580
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail property available for lease.
      950 Ridge Rd, Webster, NY 14580
      View Details
    • Contact for pricing
      19,350 SF

      Webster Retail Space Available

      Prime retail spaces in Webster's retail corridor with high visibility.
      980 Ridge Rd, Webster, NY 14580
      View Details

    FAQs

    What type of property is this?
    Office building - Single tenant office building with ample parking in Webster, NY.
    Where is this office building located?
    The property is located at Mitcheldean Dr Webster, NY.
    What are key features of this property?
    This property features: Ample parking available for tenants and visitors.; Located on the Xerox Webster Campus.; Suitable for conversion to medical or educational uses.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    William Korchak
    Real Estate License ID: NY 31K00909771
    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

    Thank You for Inquiry
    Mitcheldean Dr, Webster, NY 14580
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!