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    Property profile & analytics

    1 Public Sq Holley, NY 14470-1163

    • Turn key restaurants
    • 3,213 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimations
    $310,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2271364
    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

    • Turn key restaurants

    Property Details for 1 Public Sq

    Year built
    2014
    Lot size
    0.15 lot acres
    Property size
    3,213 SF
    Zone code
    C1
    Property type
    Turn key restaurants
    APN
    343201 88.21-1-40.1
    APU
    34320188211401

    Description

    This meticulously renovated (2014) historic building at 1 Public Square in Holley, NY, presents a unique investment opportunity. Spanning 14,000 square feet on a 0.15-acre lot, the property boasts a thriving, turn-key restaurant on the first floor encompassing 3,500 square feet. The restaurant includes all furniture, fixtures, and equipment, and is complemented by a 600-square-foot office. A full 3,500-square-foot basement offers ample storage and additional functional space for the restaurant. Upstairs, four luxurious "executive suite" apartments of varying sizes and layouts provide significant income potential. These apartments feature spacious living areas, high ceilings, abundant natural light, and in-unit laundry. One fully accessible unit is conveniently located on the first floor. Situated in the heart of Holley village, this prime location offers easy access to local amenities and businesses. The property's versatility allows for continued operation of the existing restaurant and office space, or the potential for conversion to other commercial uses. This is a rare chance to acquire a piece of history while establishing a thriving business or generating substantial rental income. The asking price is $799,900.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $385,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $232,000
      Market price range: $179k - $497k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $315,000
      Current use
      COMMERCIAL (GENERAL)
      $370,000
      Change: +17% Conversion: Easy
      AUTO REPAIR, GARAGE
      $275,000
      Change: -12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Holley
    County
    Orleans
    State
    New York
    Longitude
    -78.0247
    Latitude
    43.2242
    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
    2020
    $21,864
    $13,000
    $204,000
    $217,000
    -
    $16,666
    $261,534
    $278,200

    Comparable in this City

    • Value Estimation
      $65,000
      1,152 SF

      16214 Rdg Rd

      RESTAURANT • 1,152 SF
      16214 Rdg Rd, Holley, NY 14470-9211
      View Details
    • Value Estimation
      $90,000
      1,344 SF

      53 State St

      RESTAURANT • 1,344 SF
      53 State St, Holley, NY 14470-1226
      View Details
    • Value Estimation
      $680,000
      7,464 SF

      16672 State Rte 31

      SERVICE STATION WITH FOOD MART • 7,464 SF
      16672 State Rte 31, Holley, NY 14470-9074
      View Details
    • Value Estimation
      $240,000
      2,656 SF

      122 Albion St

      VEHICLE SALES, RENTALS • 2,656 SF
      122 Albion St, Holley, NY 14470-1053
      View Details
    • Value Estimation
      $325,000
      4,924 SF

      3581 Fancher Rd

      AUTO REPAIR, GARAGE • 4,924 SF
      3581 Fancher Rd, Holley, NY 14470-9370
      View Details
    • Value Estimation
      $550,000
      21,075 SF

      3 Geddes St

      GROCERY, SUPERMARKET • 21,075 SF
      3 Geddes St, Holley, NY 14470-1136
      View Details

    Similar Nearby for Sale

    • $139,900

      Historic Mixed-Use Holley Rowhouse

      Mixed-use historic rowhouse in the heart of Holley, NY.
      21 Public Sq, Holley, NY 14470
      View Details
    • $425,000
      21,075 SF

      Holley Commercial Property with Warehouse

      Commercial property with grocery store and warehouse space available.
      3 Geddes Street Ext, Holley, NY 14470
      View Details
    • $485,000
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      Farmland in Holley, New York

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      Land Available in Murray, NY

      Land for sale in Murray, NY. Make offer!
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      54-Acre Parcel in Murray, NY

      Over 54 acres, zoned for business or residential agricultural.
      17071 Ridge Rd, Holley, NY 14470
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      Spacious Home in 55+ Community

      Three-bedroom, two-bath home in Holley, NY 55+ community.
      900 Cobblestone Ct, Holley, NY 14470
      View Details
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    1 Public Sq
    Holley, NY 14470-1163
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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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