Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1 East Ave Rochester, NY 14604

    • Office Properties & Spaces
    • 115,086 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Penthouse at One East Avenue / Hotel & Motel / Resort
    • Workinman / (Bike/Boat/Book/etc) Store / Corporate Office
    • Borinquen Dance Theatre Inc / Training Center
    • Katz Diane S / Law Firm
    • Brandmint / Marketing & Advertising

    Property Details for 1 East Ave

    Property size
    115,086 SF
    Property type
    Office Properties & Spaces

    Description

    This exceptional Class A executive office space, located at 1 East Ave in Rochester, NY, offers 7,585 square feet of immediately available space. Situated in Monroe County, this prestigious property boasts a total building size of 115,086 square feet and is perfect for a business seeking a prominent location. The building's "A" classification signifies its high-quality construction, modern amenities, and desirable location. The address, 1 East Ave, places your business in a highly visible and accessible area within Rochester's central business district, offering excellent visibility and convenient access to major transportation routes. The space is available for lease as a single, contiguous unit, providing ample room for expansion and customization to suit your specific business needs. This multi-tenant building offers a professional and collaborative environment, ideal for businesses seeking a sophisticated and well-maintained workspace. The 7,585 square feet provides significant flexibility in design and layout, allowing for the creation of a highly functional and efficient office environment. This is a rare opportunity to secure prime office space in a highly sought-after location. Contact us today to schedule a viewing and explore the possibilities. Zip code: 14604.

    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
    -77.6043
    Latitude
    43.1572

    Comparable in this City

    • Value Estimation by Request
      12,800 SF

      510 Clinton Squaresuite 510

      Office space • 12,800 SF
      510 Clinton Squaresuite 510, Rochester, NY 14604
      View Details
    • Value Estimation by Request
      30,445 SF

      339 East Ave

      Office Properties & Spaces • 30,445 SF
      339 East Ave, Rochester, NY 14604
      View Details
    • Value Estimation by Request
      144,568 SF

      89 East Ave

      Office Properties & Spaces • 144,568 SF
      89 East Ave, Rochester, NY 14604
      View Details
    • Value Estimation by Request
      86,013 SF

      88-94 Elm St

      Office space • 86,013 SF
      88-94 Elm St, Rochester, NY 14604
      View Details
    • Value Estimation by Request

      Bausch And Lomb Pl

      Office space
      0 Bausch And Lomb Pl, Rochester, NY 14604
      View Details
    • Value Estimation by Request
      160,000 SF

      245 Main St

      Office Properties & Spaces • 160,000 SF
      245 Main St, Rochester, NY 14604
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      144,568 SF

      Historic Rochester Office Building

      144,568 SF, Vacant, Mixed-Use Potential
      89 East Ave, Rochester, NY 14604
      View Details
    • $1,890,000

      Rochester Office Building - 100% Leased

      High-yield NNN investment, 3 tenants, 43 parking spaces.
      550 Main St, Rochester, NY 14604
      View Details
    • $2,995,000
      55,000 SF

      Downtown Rochester Redevelopment Opportunity

      55,000 sq ft building in downtown Rochester for redevelopment.
      140 E Main St, Rochester, NY 14604
      View Details
    • $825,000
      2.13 Acres

      Auburn Development Site: Prime Location

      2.13-acre commercial land, high traffic area.
      197 North St, Rochester, NY 14604
      View Details
    • $2,895,000

      Commercial Land For Sale

      Commercial land available for sale.
      179 St Paul St, Rochester, NY 14604
      View Details
    • $225,000
      0.38 Acres

      Downtown Rochester Development Site

      High-yield land, prime location.
      22 Franklin Ct, Rochester, NY 14604
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      474,325 SF

      Downtown Rochester Executive Suites

      Modern A-Class Office Space Available
      0 Clinton Ave, Rochester, NY 14604
      View Details
    • $20 SF/Yr
      580,000 SF

      Prime Rochester Executive Suites

      Class A Office Space, 5 Suites Available
      100 Clinton Ave, Rochester, NY 14604
      View Details
    • $12 SF/Yr
      30,445 SF

      Valley Building: Executive Suites

      Prime Monroe County Office Space: 7 Suites Available
      339 East Ave, Rochester, NY 14604
      View Details
    • Contact for pricing

      Clinton Square

      Discover many ways to work your way in Reston Town Center I
      510 Clinton Sq, Rochester, NY 14604
      View Details
    • Contact for pricing
      5,035 SF

      Mixed-Use Complex on Genesee River

      Office and loft apartments in St. Paul Quarter.
      165-185 N Water St, Rochester, NY 14604
      View Details
    • $14 SF/Yr
      39,831 SF

      Prime Downtown Rochester Commercial Space

      Build-to-suit opportunity in the heart of Downtown Rochester.
      49 Stone St, Rochester, NY 14604
      View Details
    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.
    1 East Ave
    Rochester, NY 14604
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!