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    Property profile & analytics

    17 Main St Rochester, NY 14614

    • Retail properties & Spaces
    • 9,800 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Iglesia Pentecostal Libertando al Cautivo / Church
    • Nirvana Drug's Detox Centers / Health Counselor
    • Zamar Enterprises Inc / Commercial Cleaning Service
    • ROC Telecom / Electronics & Wireless Store
    • Attorney Tax Relief | IRS Tax Relief Settlement Lawyer | Free Consultation / Tax Preparation

    Property Details for 17 Main St

    Property size
    9,800 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.6121
    Latitude
    43.1558

    Comparable in this City

    • Value Estimation by Request
      67,950 SF

      1 Main St

      Restaurants • 67,950 SF
      1 Main St, Rochester, NY 14614
      View Details
    • Value Estimation by Request
      70,208 SF

      65 Broad St

      Office Units • 70,208 SF
      65 Broad St, Rochester, NY 14614
      View Details
    • Value Estimation by Request
      4,600 SF

      79 State St

      RESTAURANT • 4,600 SF
      79 State St, Rochester, NY 14614-1303
      View Details
    • Value Estimation by Request
      0.10 Acres

      218-220 Ml St

      PARKING LOT • 0.10 Acres
      218-220 Ml St, Rochester, NY 14614
      View Details
    • Value Estimation by Request
      0.01 Acres

      38 Aqueduct St

      PARKING LOT • 0.01 Acres
      38 Aqueduct St, Rochester, NY 14614
      View Details
    • Value Estimation
      $48,210,000
      297,000 SF

      240 State St

      PARKING GARAGE, PARKING STRUCTURE • 297,000 SF
      240 State St, Rochester, NY 14614-1033
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      266,731 SF

      Downtown Rochester Mixed-Use Opportunity

      Mixed-use property with retail, office, and parking in downtown Rochester.
      28 E Main St, Rochester, NY 14614
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    • $1,775,000
      24,492 SF

      Renovated Mixed-Use Investment Property

      Fully renovated mixed-use property in Rochester, NY with 24 units.
      511 State St, Rochester, NY 14614
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      67,950 SF

      1 Main St

      Office Units • 67,950 SF
      1 Main St, Rochester, NY 14614
      View Details
    • $15 SF/Yr
      70,208 SF

      Downtown Rochester Office Space

      70,000+ SF Office Building, 3,100 SF Available
      65 Broad St, Rochester, NY 14614
      View Details
    • Contact for pricing
      3,200 SF

      Retail Space with Ample Parking

      Retail space near downtown and airport with parking available for rent.
      55 Exchange Blvd, Rochester, NY 14614
      View Details
    • Contact for pricing
      11,325 SF

      Freestanding Retail Building For Rent

      Freestanding retail building with multiple access points and signage.
      792 W Main St, Rochester, NY 14614
      View Details
    • Contact for pricing
      934 SF

      Retail Space in Rochester, NY

      Retail space for lease in downtown Rochester near landmarks.
      39 State St, Rochester, NY 14614
      View Details
    • Contact for pricing
      2,849 SF

      Downtown Office Space for Rent

      Fifth-floor office space with convenient access to downtown amenities.
      155 W Main St, Rochester, NY 14614
      View Details
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    17 Main St
    Rochester, NY 14614
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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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