Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    124 Main St Fairport, NY 14450-2506
    Back to Search
    Property profile & analytics

    124 Main St, Fairport, NY 14450-2506

    View on Map
    • Investment properties
    • 2,242 SF
    • 0.35 lot acres
    Off-Market
    Property ID
    US63-0312436
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lombardi's Gourmet Imports and Specialties / Grocery & Convenience Store / Food Market
    • Jacqueline Olivencia Salon Spa / Hair Salon

    Property Details for 124 Main St

    Year built
    1885
    Lot size
    0.35 lot acres
    Zone code
    05 - COMMERCIAL
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    264403 153.13-3-9
    APU
    2644031531339

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 1, 2011 $367,500 Olivencia Enterprises INC LLC 1240 Warranty Deed $184k · Jpmorgan Chase Bank NA
    Dec 22, 2008 — LLC 1240 Andrulis,david F & Barbara L Warranty Deed · related —
    — — Olivencia Ents INC — Deed Of Trust · related $153k · Monroe County Industrial Dev
    — — Olivencia Ents INC — Deed Of Trust · related $184k · J P Morgan Chase Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairport
    County
    Monroe
    State
    New York
    Longitude
    -77.4425
    Latitude
    43.0977
    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
    $99,000
    $261,000
    $360,000
    -
    $139,425
    $367,575
    $507,000

    Comparable in this City

    • Value Estimation by Request
      8,940 SF

      40 Main St

      OFFICE/RESIDENTIAL (MIXED USE)
      40 Main St, Fairport, NY 14450-1540
      View Details
    • Value Estimation by Request
      2,199 SF

      12 Pleasant St

      OFFICE/RESIDENTIAL (MIXED USE)
      12 Pleasant St, Fairport, NY 14450-1510
      View Details
    • Value Estimation by Request
      4,077 SF

      71 Main St

      OFFICE/RESIDENTIAL (MIXED USE)
      71 Main St, Fairport, NY 14450-1544
      View Details
    • Value Estimation by Request
      1,600 SF

      151-153 Main N St

      OFFICE/RESIDENTIAL (MIXED USE)
      151-153 Main N St, Fairport, NY 14450
      View Details
    • Value Estimation by Request
      5,268 SF

      62 Main St

      OFFICE/RESIDENTIAL (MIXED USE)
      62 Main St, Fairport, NY 14450-1541
      View Details
    • Value Estimation by Request
      5,316 SF

      32 Main St

      OFFICE/RESIDENTIAL (MIXED USE)
      32 Main St, Fairport, NY 14450-1540
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Fairport Commercial Land on Route 31

      1.26 acres on Route 31 at signalized intersection.
      7477 Pittsford Palmyra Rd, Fairport, NY 14450
      View Details
    • $189,900
      0.75 Acres

      Fairport Commercial Land Opportunity

      Prime 0.75-acre commercial land parcel in Fairport, NY.
      2316 Fairport Nine Mile Pt Rd, Fairport, NY 14450
      View Details
    • Contact for pricing

      2.62 Acre Development Site

      Development site near Erie Canal and Village of Fairport.
      96 Oconnor Rd, Fairport, NY 14450
      View Details
    • Contact for pricing
      3,500 SF

      Fairport Retail Property For Sale

      Retail property with a new 20-year lease in Penfield, NY.
      2146 Fairport Nine Mile Point Rd, Penfield, NY 14450
      View Details
    • Contact for pricing

      BN-R Zoned Commercial Development Land

      BN-R zoned parcel with utilities available and a naturally sloping rear suited to practical commercial site planning.
      2316 Nine Mile Point Rd, Fairport, NY 14450
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,860 SF

      Furnished Office Space Available

      12,860 SF furnished office space for lease.
      100-500 Willowbrook Office Park, Pittsford, NY 14450
      View Details
    • Contact for pricing
      1,100 SF

      Retail/Office Space with Parking

      Retail or office space with ample off-street parking.
      138 Fairport Village Lndg, Fairport, NY 14450
      View Details
    • Contact for pricing
      5,543 SF

      Fairport Office Space For Rent

      Office space near Perinton Square, Wegmans Plaza, and I-490.
      250 Cross Keys Office Park, Fairport, NY 14450
      View Details
    • Contact for pricing
      3,668 SF

      Fairport Office/Medical Complex Space

      Office and medical spaces available in Fairport, New York.
      1600 Moseley Rd, Victor, NY 14450
      View Details
    • Contact for pricing
      5,008 SF

      Class A Office Space Available

      Modern office building in Fairport, near Route 96.
      200-246 Willowbrook Office Park, Fairport, NY 14450
      View Details
    • $2,500 /Mo

      Medical Office Corner Suite

      Move-in ready corner office suite with multiple rooms, storage, and kitchenette on a high-traffic corridor.
      790 Ayrault Rd, Fairport, NY 14450
      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.
    124 Main St
    Fairport, NY 14450-2506
    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

    Thank You for Inquiry
    124 Main St, Fairport, NY, 14450
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!