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

    1190 Chili Ave Rochester, NY 14624-3033

    • Car washes
    • 4,096 SF
    • 1.11 lot acres
    OFF-MARKET
    Last Sale
    Oct 19, 2021
    $4,750,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-0417619
    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

    • GO Car Wash / Car Wash

    Property Details for 1190 Chili Ave

    Year built
    2021
    Lot size
    1.11 lot acres
    Property size
    4,096 SF
    Zone code
    05 - COMMERCIAL
    Property type
    Car washes
    APN
    262600 120.17-1-1.12
    APU
    262600120171112

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.668
    Latitude
    43.1402
    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
    $130,500
    $632,600
    $763,100
    -
    $157,229
    $762,171
    $919,400

    Comparable in this City

    • Value Estimation
      $645,000
      6,500 SF

      2234 Chili Ave

      CAR WASH • 6,500 SF
      2234 Chili Ave, Rochester, NY 14624-3306
      View Details
    • Value Estimation by Request
      3,456 SF

      3565 Buffalo Rd

      CAR WASH • 3,456 SF
      3565 Buffalo Rd, Rochester, NY 14624-1119
      View Details
    • Value Estimation by Request
      2,220 SF

      3270 Chili Ave

      CAR WASH • 2,220 SF
      3270 Chili Ave, Rochester, NY 14624
      View Details
    • Value Estimation by Request
      6,681 SF

      1985 Buffalo Rd

      CAR WASH • 6,681 SF
      1985 Buffalo Rd, Rochester, NY 14624-1503
      View Details
    • Value Estimation
      $565,000
      6,000 SF

      3774 Chili Ave

      SERVICE STATION WITH FOOD MART • 6,000 SF
      3774 Chili Ave, Rochester, NY 14624-5200
      View Details
    • Value Estimation
      $800,000
      1,980 SF

      2206 Buffalo Rd

      GAS STATION • 1,980 SF
      2206 Buffalo Rd, Rochester, NY 14624-1510
      View Details

    Similar Nearby for Sale

    • $872,000

      Paved Parking Lot For Sale

      4.36-acre paved and striped parking lot with installed lighting.
      2291 Buffalo Rd, Rochester, NY 14624
      View Details
    • $18,796,000
      25,032 SF

      High-Yield Retail Portfolio in NY & NJ

      Walgreens & Fresenius: 25,032 SF, 100% Occupied
      1208 Scottsville Rd, Rochester, NY 14624
      View Details
    • $825,000

      Freestanding Retail Location on Chili

      Retail location on busy Chili Avenue in Chili's central district.
      3187 Chili Ave, Rochester, NY 14624
      View Details
    • $999,950

      High-Traffic Area Commercial Property

      Commercial property in high-traffic area suitable for retail or office.
      3545 Buffalo Rd, Gates, NY 14624
      View Details
    • $899,900

      Turnkey Restaurant and Bar Investment

      Over 11,000 SqFt building with remodeled restaurant and bar.
      730 Elmgrove Rd, Gates, NY 14624
      View Details
    • Contact for pricing
      25,032 SF

      Rochester Retail Property For Sale

      Retail property available for sale in Rochester, New York.
      1208 Scottsville Rd, Rochester, NY 14624
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,000 SF

      Chili Ave Development Opportunity

      Prime Chili location, office & retail space
      3235 Chili Ave, Rochester, NY 14624
      View Details
    • $9 SF/Yr
      23,710 SF

      Rochester Mixed-Use Complex For Rent

      Office, retail, and flex spaces available in Rochester, New York.
      1280 Scottsville Rd, Rochester, NY 14624
      View Details
    • $9 SF/Yr
      23,710 SF

      Rochester Flex, Retail, Office Space

      Mixed-use complex with office, retail, and flex spaces for lease.
      1280 Scottsville Rd, Rochester, NY 14624
      View Details
    • $24 SF/Yr
      1,750 SF

      Retail Space Near Walmart

      Retail space in Walmart-anchored center, Rochester, NY.
      1493-1697 Howard Rd, Rochester, NY 14624
      View Details
    • Contact for pricing
      4,399 SF

      Retail Space Near Interstate 490

      Retail space with ample parking and multiple entrance points.
      2103-2169 Buffalo Rd, Gates, NY 14624
      View Details
    • Contact for pricing
      159,059 SF

      Westmar Plaza Retail Space

      Rochester, NY retail & office space
      2159 Buffalo Rd, Rochester, NY 14624
      View Details

    Property Visit Statistics

    • Visits by month
      21.1k
    • Visitors by month
      11.1k
    • Avg Time on site
      6 min
    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.
    1190 Chili Ave
    Rochester, NY 14624-3033
    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.