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    7548 Route 237 Byron, NY 14422

    • Commercial real estate
    • 5,760 SF
    • 0.86 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 7548 Route 237

    Year built
    1895
    Lot size
    0.86 lot acres
    Property size
    5,760 SF
    Property type
    Commercial real estate

    Description

    This expansive 5,760 square foot metal building, situated on a 0.86-acre lot in South Byron, NY, presents a unique investment opportunity. The property boasts recently upgraded roofing and siding, ensuring long-term durability and reduced maintenance costs. Currently zoned for nightclub/adult entertainment, this versatile space offers significant potential for a wide range of commercial ventures. The main level features an open floor plan, ideal for adaptable layouts, complemented by two bathrooms. Upstairs, multiple rooms provide ample space for customization, allowing for diverse configurations to suit specific business needs. A full basement and attic offer additional storage or expansion possibilities. The current tenant lease expires on March 31, 2025, presenting future flexibility for the new owner. The property includes extensive parking, easily accommodating over 30 vehicles. Its convenient location, less than ten minutes from the New York State Thruway and I-490, ensures excellent accessibility and high visibility. This property is perfectly positioned for entrepreneurs seeking a substantial space with diverse applications. The combination of size, location, and zoning makes this an exceptional opportunity for a savvy investor.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Byron
    County
    Genesee
    State
    New York
    Longitude
    -78.0657
    Latitude
    43.0479

    Comparable in this City

    • Value Estimation
      $315,000
      2,458 SF

      7524 Rte 237

      COMMERCIAL (GENERAL) • 2,458 SF
      7524 Rte 237, Byron, NY 14422-9555
      View Details
    • Value Estimation
      $295,000
      2,088 SF

      6833 Rte 237

      AUTO REPAIR, GARAGE • 2,088 SF
      6833 Rte 237, Byron, NY 14422
      View Details
    • Value Estimation by Request
      0.16 Acres

      7546 Rte 237

      VACANT COMMERCIAL LAND • 11,403 SF
      7546 Rte 237, Byron, NY 14422
      View Details
    • Value Estimation
      $220,000
      3,779 SF

      6893 Rte 237

      VEHICLE SALES, RENTALS • 3,779 SF
      6893 Rte 237, Byron, NY 14422-9500
      View Details
    • Value Estimation
      $4,655,000
      2,912 SF

      6749 Rte 262

      CAMPGROUND, RV PARK • 2,912 SF
      6749 Rte 262, Byron, NY 14422
      View Details
    • Value Estimation
      $600,000
      29,360 SF

      6079 Byron Rd

      WAREHOUSE, STORAGE • 29,360 SF
      6079 Byron Rd, Byron, NY 14422
      View Details
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    7548 Route 237
    Byron, NY 14422
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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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