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    Property profile & analytics

    11697 Sanderson Rd Medina, NY 14103

    • Truck terminals
    • 11,900 SF
    • 6.40 lot acres
    For Sale
    View listing
    Last Sale
    Mar 21, 2024
    $330,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3230956
    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

    • WJW Associates / Trucking Company / Freight Forwarding Service

    Property Details for 11697 Sanderson Rd

    Year built
    1958
    Lot size
    6.40 lot acres
    Property size
    11,900 SF
    Zone code
    01 - NOT ZONED
    Property type
    Truck terminals
    APN
    343689 91.-1-16
    APU
    34368991116

    Description

    This exceptional Class A industrial property, totaling 11,900 square feet, is situated on a 6.3-acre lot at 11697 Sanderson Rd, Medina, NY 14103. Built in 1953 and extensively renovated in 2023, this single-story building boasts 23 loading docks (11 west, 12 east), all with new concrete paving, dock plates, and padding. The exterior features updated paint and awnings, and the roof has been replaced. Four 14' x 14' overhead doors and one drive-in ramp provide ample access. The property includes approximately 2,550 square feet of first-floor office space, featuring private offices, a conference area, break room, and bathroom. A significant 3,025 square-foot basement area, accessible via three 14' x 12' overhead doors, is ideal for auto repair, storage, or trucking operations. The property benefits from 436 feet of frontage on Route 31A, offering easy access to Routes 31, 104, and 63, providing convenient transportation links between Buffalo and Rochester. The entire site is zoned for industrial use. This property is available for sale or lease and presents a unique opportunity for businesses requiring substantial warehouse and office space with excellent accessibility.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $330,000
      ML approach
      $330,000

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $385,000
      WAREHOUSE, STORAGE
      $345,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Medina
    County
    Orleans
    State
    New York
    Longitude
    -78.3655
    Latitude
    43.2065
    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
    $4,901
    $21,700
    $97,300
    $119,000
    -
    $21,700
    $97,300
    $119,000

    Comparable in this City

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    • Value Estimation
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      4040 Bates Rd

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    • Value Estimation
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      592 Mahar St

      TRUCK TERMINAL (MOTOR FREIGHT) • 2,040 SF
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    • Value Estimation
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      327 Park Ave

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    • Value Estimation
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      537 Orient St

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      View Details
    • Value Estimation
      $700,000
      25,040 SF

      3956 Allis Rd

      DISTRIBUTION WAREHOUSE • 25,040 SF
      3956 Allis Rd, Medina, NY 14103-9652
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,900 SF

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      11697 Sanderson Rd, Medina, NY 14103
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    Similar Nearby for Lease

    • $6 SF/Yr
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      View Details
    • $3 SF/Yr
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      Medina NY Truck Terminal

      12,000+ SF Warehouse, Excellent Location
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      View Details
    • $6 SF/Yr
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      Class A warehouse, ideal for distribution.
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      View Details
    • $14 SF/Yr
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      Retail space for lease in a busy shopping center.
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    • $1,200 /Mo
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      View Details
    • $2,995 /Mo
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      View Details
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    Medina, NY 14103
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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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