Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    392 Lyell Ave Rochester, NY 14606

    • Turn key restaurants
    • 3,445 SF
    • 0.08 lot acres
    For Sale
    View listing
    $180,000
    Last Sale
    Oct 04, 2024
    $112,884
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2284176
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Cardtronics ATM / Atm

    Property Details for 392 Lyell Ave

    Year built
    1920
    Lot size
    0.08 lot acres
    Property size
    3,445 SF
    Property type
    Turn key restaurants
    APN
    261400 105.66-2-31
    APU
    26140010566231

    Description

    This exceptional 6,175 square foot commercial property, located at 392 Lyell Avenue in Rochester, New York, presents a unique investment opportunity. Currently operating as a licensed gentlemen's club, the building's zoning allows for a wide range of alternative uses, making it highly adaptable to a variety of businesses. Imagine the possibilities: a thriving retail establishment, a popular restaurant, a convenient grocery store, or even a specialty smoke shop. The property's prime location ensures high visibility and accessibility, attracting a substantial customer base. Ample on-site parking is available, supplemented by nearby city-owned lots, ensuring convenient parking for both customers and employees. The building also features a spacious upstairs area, perfect for use as an apartment or office space, offering additional income potential or flexibility for business expansion. Three bathrooms are conveniently located throughout the building. The 0.08-acre lot provides a manageable footprint for operations, while the building's versatile layout and prime location offer significant upside potential for a savvy investor. Don't miss this chance to acquire a well-situated commercial property with diverse possibilities in a vibrant Rochester neighborhood. The asking price is $180,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $115,000
      ML approach
      $115,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $173,000
      Market price range: $173k - $414k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.6359
    Latitude
    43.1649
    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
    $0.00
    $17,800
    $82,200
    $100,000
    -
    $21,446
    $99,036
    $120,482

    Comparable in this City

    • Value Estimation
      $975,000
      21,449 SF

      1956 Lyell Ave

      RESTAURANT • 21,449 SF
      1956 Lyell Ave, Rochester, NY 14606-2396
      View Details
    • Value Estimation
      $325,000
      1,720 SF

      1155 Mt Read Blvd, Unit 1163

      RESTAURANT • 1,720 SF
      1155 Mt Read Blvd, Rochester, NY 14606-2831
      View Details
    • Value Estimation
      $225,000
      6,045 SF

      2003 Lyell Ave

      RESTAURANT • 6,045 SF
      2003 Lyell Ave, Rochester, NY 14606-2332
      View Details
    • Value Estimation
      $230,000
      2,956 SF

      475 Spencerport Rd

      RESTAURANT • 2,956 SF
      475 Spencerport Rd, Rochester, NY 14606-4857
      View Details
    • Value Estimation
      $485,000
      4,200 SF

      4 Spencerport Rd

      RESTAURANT • 4,200 SF
      4 Spencerport Rd, Rochester, NY 14606-5206
      View Details
    • Value Estimation
      $230,000
      2,352 SF

      2260 Lyell Ave

      RESTAURANT • 2,352 SF
      2260 Lyell Ave, Rochester, NY 14606-5724
      View Details

    Similar Nearby for Sale

    • $1,300,000

      Commercial Building with Established Tenants

      Cash-flowing commercial building with triple net leases and new roof.
      1520 Spencerport Rd, Gates, NY 14606
      View Details
    • $650,000
      23,000 SF

      Prime Greece, NY Flex Space Investment

      Four-building flex space, vacant, NNN lease.
      205 Pinewild Dr, Greece, NY 14606
      View Details
    • $289,900
      5,646 SF

      Mixed-Use Building with Laundromat

      5,500+ SF brick building with apartments and laundromat equipment.
      512 Lyell Ave, Rochester, NY 14606
      View Details
    • $185,000
      2,832 SF

      Mixed-Use Property with Residential Income

      Mixed-use property with retail space and residential income potential.
      1100 Lyell Ave, Rochester, NY 14606
      View Details
    • $120,000
      26,794 SF

      Gates Office Condo: Prime Location

      Spacious Office Condo, 26,794 sq ft
      2211 Lyell Ave, Gates, NY 14606
      View Details
    • $69,900
      Pending

      Rochester Duplex with Separate Utilities

      Two-unit duplex in Rochester, featuring separate utilities and spacious layouts.
      866 Smith St, Rochester, NY 14606
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      112,800 SF

      Greece, NY Medical Office Space

      Class A medical office building, I-390 visibility.
      100 Bellwood Dr, Rochester, NY 14606
      View Details
    • $699,000
      9,184 SF

      Retail Building on Lyell Avenue

      9,184 SF retail building in prime location for lease.
      2270-2280 Lyell Ave, Rochester, NY 14606
      View Details
    • Contact for pricing
      1,759 SF

      Retail Plaza in High Traffic

      Retail space in high-traffic area, anchored by food chains.
      1460 Lyell Ave, Rochester, NY 14606
      View Details
    • $15 SF/Yr
      47,030 SF

      2368-2394 Lyell Ave

      Retail properties • 47,030 SF
      2368-2394 Lyell Ave, Rochester, NY 14606
      View Details
    • Contact for pricing
      8,448 SF

      Lyell Ave Retail Space, Rochester NY

      High-traffic retail space, Rochester.
      2316 Lyell Ave, Rochester, NY 14606
      View Details
    • Contact for pricing
      10,000 SF

      Retail Space in Colonial Plaza

      Retail space for lease in a high-traffic plaza.
      485 Spencerport Rd, Rochester, NY 14606
      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.
    392 Lyell Ave
    Rochester, NY 14606
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.