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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1185 Main St, Unit 1223 Rochester, NY 14609-6901

    • Investment properties
    • 39,391 SF
    • 1.54 lot acres
    OFF-MARKET
    Value Estimations
    $1,165,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1084224
    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

    • First Student Inc. / School Bus Service / Bus Charter
    • First Student, Inc. / School Bus Service

    Property Details for 1185 Main St

    Year built
    1940
    Lot size
    1.54 lot acres
    Property size
    39,391 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    261400 106.76-1-67.001
    APU
    26140010676167001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,392,000
      Market price range: $1.39M - $3.43M

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.5801
    Latitude
    43.1613
    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
    $100,000
    $200,000
    $300,000
    -
    $120,482
    $240,964
    $361,446

    Comparable in this City

    • Value Estimation by Request
      829 SF

      238 Webster Ave

      STORE/OFFICE (MIXED USE) • 829 SF
      238 Webster Ave, Rochester, NY 14609-5109
      View Details
    • Value Estimation by Request
      2,160 SF

      1064 Culver Rd

      STORE/OFFICE (MIXED USE) • 2,160 SF
      1064 Culver Rd, Rochester, NY 14609-6418
      View Details
    • Value Estimation by Request
      830 SF

      476 Waring Rd

      STORE/OFFICE (MIXED USE) • 830 SF
      476 Waring Rd, Rochester, NY 14609
      View Details
    • Value Estimation by Request
      845 SF

      347 Webster Ave

      STORE/OFFICE (MIXED USE) • 845 SF
      347 Webster Ave, Rochester, NY 14609-4702
      View Details
    • Value Estimation by Request
      2,307 SF

      850 Merchants Rd

      STORE/OFFICE (MIXED USE) • 2,307 SF
      850 Merchants Rd, Rochester, NY 14609-5324
      View Details
    • Value Estimation by Request
      2,625 SF

      1322 Culver Rd

      STORE/OFFICE (MIXED USE) • 2,625 SF
      1322 Culver Rd, Rochester, NY 14609-5336
      View Details

    Similar Nearby for Sale

    • $134,900
      Pending

      Upgraded Two-Family Home

      Move-in ready, renovated two-family home with income potential.
      47 Bowman St, Rochester, NY 14609
      View Details
    • $164,900
      Pending

      Upgraded Two-Family Home Investment Opportunity

      Turnkey two-family home with refined updates and dependable cash flow.
      1567 E Main St, Rochester, NY 14609
      View Details
    • $250,000

      Versatile Property with Auto Zoning

      Mixed-use property with auto sales zoning and revenue potential.
      2211 Clifford Ave, Rochester, NY 14609
      View Details
    • $375,000

      Mixed-Use Building Near Public Market

      Mixed-use building with retail and residential units near Public Market.
      473 N Goodman St, Rochester, NY 14609
      View Details
    • Contact for pricing

      Land Approved for Medical Office

      Land with preliminary approval for a 10,000 SF medical office.
      2617 Culver Rd, Rochester, NY 14609
      View Details
    • Contact for pricing

      Four Apartments with Full Basements

      Multi-unit building with four apartments, full basements, private entrances.
      94 Peck St, Rochester, NY 14609
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      15,512 SF

      Mixed-Use Building with Commercial Kitchen

      Mixed-use building featuring a fully equipped commercial kitchen and parking.
      775 Culver Rd, Rochester, NY 14609
      View Details
    • $4,500 /Mo
      5,440 SF

      Rochester Commercial Property with Acreage

      5,440 sq ft building on 4.18 acres in Rochester.
      50 Wilbur Tract Rd, Rochester, NY 14609
      View Details
    • $1,000 /Mo

      North Winton Village Commercial Space

      Mint condition, 1100 sq ft commercial space for rent.
      708 N Winton Rd, Rochester, NY 14609
      View Details
    • $18 SF/Yr
      76,123 SF

      Historic Rochester Office Complex

      Creative Office & Coworking Spaces Available
      1100 Goodman St, Rochester, NY 14609
      View Details
    • Contact for pricing
      2,600 SF

      225,185 SF Rochester Shopping Center

      Located in a major Rochester suburb with high population density.
      2255 E Main St, Rochester, NY 14609
      View Details
    • Contact for pricing

      Medical Office Suite For Rent

      Move-in ready medical office suite near Rochester General Hospital.
      2619 Culver Rd, Rochester, NY 14609
      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.
    1185 Main St, Unit 1223
    Rochester, NY 14609-6901
    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.