4853 Henrietta RdHenrietta, NY 14467

  • Hospitality properties
  • 13,873 SF
For Sale
$3,400,000 View listing

Property Details for 4853 Henrietta Rd

Year built
1965
Lot size
6.15 AC
Property size (Sq ft)
13,873 SF
Zone code
05 - COMMERCIAL
Property type
Hospitality properties
Property subtype
Motels
APN
263200 175.03-1-7.11
APU
263200175031711

Description

This fee-simple ownership opportunity presents a unique investment in a 111-key Days Inn located in Henrietta, New York. The property, built in 1965, sits on a substantial 6.15-acre lot and boasts 52,182 square feet across six single-story buildings. Currently operating as a hotel/motel, the property generates over $6,000 per month in steady income from a leased restaurant/bar area. The property features notable signage, coin-operated laundry facilities, and ample parking, along with significant outdoor space. Its prime location, right off I-390 and I-90, sees over 39,000 vehicles daily, providing excellent visibility and accessibility. This presents a compelling value-add opportunity for investors seeking to restructure management and increase net operating income. Alternatively, the property's well-maintained condition and ideal location make it highly suitable for redevelopment into multifamily units, capitalizing on a currently untapped market with strong rental growth (7.5% increase in the past year). The proximity to Rochester (ten miles), with its numerous demand drivers including Lake Ontario and several universities, further enhances the property's long-term potential. The asking price is $3,400,000, or $30,600 per key. This is a rare chance to acquire a significant hospitality asset with substantial upside potential in a thriving market.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,544,559
    6.5%
    $2,348,824
    7%
    $2,181,050
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,978,418
    Geo Method
    $2,050,964
  • Alternative Use

    Use
    Valuation
    Residential
    $2,564,233
    Hospitality
    $2,348,824
    Educational
    $1,954,194
    Medical
    $2,021,401
    Retail
    $3,039,856
4853 Henrietta Rd, Henrietta, New York
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Location Insight

City
Henrietta
County
Monroe
State
New York
Latitude
43.0557
Longitude
-77.6549
CBSA code
40380
CBSA name
ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
-
$815,000
$785,000
$1,600,000
-
$815,000
$785,000
$1,600,000

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