Property profile

105 Despatch Dr East Rochester, NY 14445

FOR LEASE
Office buildings
Property ID
US63-3689101
31,849 SF 2.95 ac lot Built 1994
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional East Rochester, NY commercial property at 105 Despatch Dr offers 31,849 square feet of versatile space, ideal for a variety of businesses. Currently featuring a mix of medical office, flex, and warehouse uses, this single-story, Class B building presents a unique investment opportunity. Built in 1994, the property sits on a generous 3-acre lot, providing a park-like setting with ample surface parking for 136 vehicles. The building boasts 4 truck-high loading docks, each equipped with an overhead door, ensuring efficient loading and unloading. The pre-engineered metal and decorative block construction features tinted glass windows extending from ground level to 9 feet above grade, providing excellent natural light. Currently, approximately 3,500 square feet of space is available, offering flexibility for expansion or lease to new tenants. The property enjoys 24/7 building access, catering to the needs of diverse businesses. Located in a central Eastside location, this property offers convenient access to major transportation routes and amenities. The property's multiple tenancy allows for diverse income streams and potential for future growth. This is a rare opportunity to acquire a well-maintained, multi-use commercial property in a desirable location. Don't miss out on this chance to own a piece of East Rochester's thriving commercial landscape. The zip code is 14445.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1994
Total area 31,849 SF
Lot 2.95 ac (128,502 SF)
Zoning code 06 - INDUSTRIAL
APN 265801 139.69-2-32.1
UPID US63-3689101

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Corporate Office
  • Real Estate Agency
  • Construction Company
  • Construction Company General Contractor

Location

105 Despatch Dr East Rochester, NY 14445
East Rochester metro Census 12100 ROCHESTER, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$832k
Blend (final) Blend
$970k

Owner & transaction history

since 2021
5 recorded transactions
2021
Price N/A
2017
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

06 - INDUSTRIAL · East Rochester, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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