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    4101 Lakeville Rd Geneseo, NY 14454
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    Property profile & analytics

    4101 Lakeville Rd, Geneseo, NY 14454

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    • Neighborhood centers
    • 91,720 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • CountryMax - Geneseo / (Bike/Boat/Book/etc) Store / Pet Store & Service

    Property Details for 4101 Lakeville Rd

    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    Geneseo Towne Plaza, located at 4101 Lakeville Rd, Geneseo, NY 14454, presents a compelling opportunity for retail businesses seeking space in Livingston County. This established strip center boasts a total of 91,720 square feet, offering multiple tenancy options. Currently, there is 12,420 square feet of vacant space available, divisible into units as small as 3,600 square feet, with a maximum contiguous space of 8,820 square feet. This flexibility allows for businesses of various sizes to find a suitable fit. The property features ample parking with 478 spaces, ensuring convenient access for customers. The center's strategic location in Geneseo provides excellent visibility and accessibility, making it an ideal location to establish or expand a retail presence. The property is classified as a retail strip center and is ready for immediate occupancy. Interested parties should inquire about available spaces and lease terms. The property's size and layout offer significant potential for a variety of retail uses, making it a strong investment opportunity in a thriving community. The address is easily accessible and well-suited for attracting a broad customer base. Don't miss this chance to secure prime retail space in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Geneseo
    County
    Livingston
    State
    New York
    Longitude
    -77.7958
    Latitude
    42.7973

    Comparable in this City

    • Value Estimation
      $10,120,000
      87,220 SF

      4097 Lakeville Rd, Unit 4153

      SHOPPING CENTER, STRIP CENTER
      4097 Lakeville Rd, Geneseo, NY 14454-1183
      View Details
    • Value Estimation
      $4,845,000
      40,839 SF

      4174 Lakeville Rd, Unit 4188

      SHOPPING CENTER, STRIP CENTER
      4174 Lakeville Rd, Geneseo, NY 14454-1134
      View Details
    • Value Estimation
      $2,400,000
      19,420 SF

      4342 Pondside Plz, Unit 4364

      SHOPPING CENTER, STRIP CENTER
      4342 Pondside Plz, Geneseo, NY 14454-9429
      View Details
    • Value Estimation by Request
      278,957 SF

      4276 Lakeville Rd

      Retail properties & Spaces
      4276 Lakeville Rd, Geneseo, NY 14454
      View Details
    • Value Estimation by Request
      5,043 SF

      Rte 20A & Volunteer Rd

      Retail properties & Spaces
      0 Rte 20A & Volunteer Rd, Geneseo, NY 14454
      View Details
    • Value Estimation
      $12,820,000
      110,802 SF

      4271 Genesee Vly Plz, Unit 4339

      REGIONAL SHOPPING CENTER, MALL
      4271 Genesee Vly Plz, Geneseo, NY 14454-9434
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Turnkey Car Wash Business Opportunity

      Established car wash with six bays, great location, endless possibilities.
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      Updated 6-Unit Investment Property

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    Similar Nearby for Lease

    • Contact for pricing
      1,200 SF

      Retail Space in Geneseo Center

      Retail space available in a busy Geneseo shopping center.
      4101-4153 Lakeville Rd, Geneseo, NY 14454
      View Details
    • Contact for pricing

      Retail Space in Wegmans Center

      Retail spaces available in Wegmans anchored shopping center.
      4276 Lakeville Rd, Geneseo, NY 14454
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    • Contact for pricing
      3,015 SF

      Retail Spaces in Wegmans Plaza

      Retail spaces available in Wegmans anchored shopping center.
      4271-4343 Genesee Valley Plz, Geneseo, NY 14454
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    • Contact for pricing
      3,200 SF

      Retail Space on Corner Lot

      Retail space with on-site parking and great street visibility.
      71 E St S, Geneseo, NY 14454
      View Details
    • $17 SF/Yr
      1,404 SF

      Retail Space in Geneseo Plaza

      1404 SF retail space in high-visibility Geneseo location.
      4243 Lakeville Rd, Geneseo, NY 14454
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail space available for lease in Geneseo, New York.
      4101 Lakeville Rd, Geneseo, NY 14454
      View Details
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    Geneseo, NY 14454
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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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