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    1 Main St Rochester, NY 14614
    Property profile & analytics

    1 Main St, Rochester, NY 14614

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    • Retail properties & Spaces
    • 67,950 SF
    For Lease
    $6 SF/Yr
    View Listing →
    1 Main St, Rochester, NY 14614 For Lease
    $6 SF/Yr

    1 Main St, Rochester, NY 14614

    Retail properties & Spaces

    1 Main St, Rochester, NY 14614
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mikes Maintenance / HVAC Service / General Contractor
    • Belluscio John A / Law Firm
    • Law Office of Michael Ansaldi / Law Firm
    • Freshy - Website Design / Marketing & Advertising / (Bike/Boat/Book/etc) Store
    • Monaghan Lori Robb / Law Firm

    Property Details for 1 Main St

    Year built
    1888
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.6125
    Latitude
    43.1557

    Comparable in this City

    • Value Estimation by Request
      70,208 SF

      65 Broad St

      Office Units
      65 Broad St, Rochester, NY 14614
      View Details
    • Value Estimation by Request
      9,800 SF

      17 Main St

      Restaurants
      17 Main St, Rochester, NY 14614
      View Details
    • Value Estimation by Request
      111,628 SF

      121 Fitzhugh St

      Office Spaces
      121 Fitzhugh St, Rochester, NY 14614
      View Details
    • Value Estimation by Request
      33,462 SF

      60-64 Commercial St

      Office Spaces
      60-64 Commercial St, Rochester, NY 14614
      View Details
    • Value Estimation by Request
      4,600 SF

      79 State St

      RESTAURANT
      79 State St, Rochester, NY 14614-1303
      View Details
    • Value Estimation
      $15,190,000
      155,000 SF

      185 Exchange Blvd

      OFFICE BUILDING
      185 Exchange Blvd, Rochester, NY 14614-2124
      View Details

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      266,731 SF

      Downtown Rochester Mixed-Use Opportunity

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      5,800 SF building available for commercial or residential redevelopment.
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      Mixed-Use Building in Preservation District

      Mixed-use building with storefronts and apartments in historic district.
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    • $6 SF/Yr
      67,950 SF

      1 Main St

      Office Units
      1 Main St, Rochester, NY 14614
      View Details
    • Contact for pricing

      Downtown Rochester Office Space Available

      3,000 SF first-floor office space in downtown Rochester.
      65 W Broad St, Rochester, NY 14614
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      Downtown Rochester Office Space Available

      6,000 SF office space in downtown Rochester for lease.
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      10,000 SF

      Renovated Office Space Available

      Class 'AR' office space in High Falls/Browns Race district.
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      Upgraded Office Space in Rochester

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    View Listing
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    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.

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