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

    1302 Scottsville Rd Rochester, NY 14624

    • Investment properties
    • 7,678 SF
    • 1.48 lot acres
    For Lease
    View listing
    $13 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3826739
    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

    • NurseCore / Employment Agency

    Property Details for 1302 Scottsville Rd

    Year built
    2003
    Lot size
    1.48 lot acres
    Property size
    7,678 SF
    Zone code
    05 - COMMERCIAL
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    262200 135.03-1-16.102
    APU
    26220013503116102

    Description

    This exceptional Class A retail strip center, located at 1302 Scottsville Rd in Rochester, NY, offers 3,000 square feet of immediately available space within a 7,678 square foot building. Built in 2001, this single-story property sits on a 1.48-acre lot and boasts ample parking. The property features high ceilings and pylon signage, ensuring high visibility for your business. Its convenient location near the Rochester International Airport, RIT, the University of Rochester, and major interstates guarantees a steady flow of potential customers. The zoning is Commercial, and the property is situated in the Chili submarket of Monroe County (APN: 262200-135-030-0001-016-102). The building consists of three suites in total, providing a thriving retail environment. Tenant build-out options are available to customize the space to meet your specific business needs. This prime location offers a significant opportunity for businesses seeking high visibility and convenient access to a large customer base in Rochester's competitive market. The property benefits from high traffic counts and is situated next to a Dunkin' location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $790,000
      Market price range: $376k - $926k
      AI Estimate
      $744,000
      Market price range: $289k - $840k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $615,000
      Current use
      RESTAURANT
      $975,000
      Change: +58% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $820,000
      Change: +33% Conversion: Difficult
      OFFICE BUILDING
      $635,000
      Change: +3% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $530,000
      Change: -14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.6631
    Latitude
    43.1154
    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
    $250,600
    $343,200
    $593,800
    -
    $313,271
    $429,029
    $742,300

    Comparable in this City

    • Value Estimation by Request
      3,372 SF

      Buffalo Rd

      STORE/OFFICE (MIXED USE) • 3,372 SF
      Buffalo Rd, Rochester, NY 14624
      View Details
    • Value Estimation by Request
      3,456 SF

      110 Golden Rd

      STORE/OFFICE (MIXED USE) • 3,456 SF
      110 Golden Rd, Rochester, NY 14624-3728
      View Details
    • Value Estimation
      $750,000
      14,960 SF

      25 Bermar Park

      STORE/OFFICE (MIXED USE) • 14,960 SF
      25 Bermar Park, Rochester, NY 14624-1542
      View Details
    • Value Estimation
      $820,000
      8,452 SF

      3210 Chili Ave

      STORE/OFFICE (MIXED USE) • 8,452 SF
      3210 Chili Ave, Rochester, NY 14624-5412
      View Details
    • Value Estimation by Request
      3,366 SF

      80 Ajax Rd

      STORE/OFFICE (MIXED USE) • 3,366 SF
      80 Ajax Rd, Rochester, NY 14624
      View Details
    • Value Estimation by Request
      4,016 SF

      776 Howard Rd, Unit 788

      STORE/OFFICE (MIXED USE) • 4,016 SF
      776 Howard Rd, Rochester, NY 14624-1802
      View Details

    Similar Nearby for Sale

    • $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
    • $872,000
      4.63 Acres

      Cinemark Overflow Parking Lot

      4.63 Acres, Rochester, NY - Investment Opportunity
      2291 Buffalo Rd, Rochester, NY 14624
      View Details
    • $84,900
      1,680 SF

      Professional Office/Medical Condo Suite

      1,680 Sq. Ft. office/medical condo suite for sale.
      501 Beahan Rd, Rochester, NY 14624
      View Details
    • $399,000
      38.51 Acres

      38.51 Acres Residential Land

      38.51-acre residential land with public water and sewer access.
      Whittier Rd, Rochester, NY 14624
      View Details
    • Contact for pricing
      52,778 SF

      Industrial Property with High Power Capacity

      Industrial space featuring 3000 amps power and ample parking.
      39 Jetview Dr, Rochester, NY 14624
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      23,710 SF

      Mixed-Use Complex with Highway Access

      Office, retail, and flex spaces with excellent highway access.
      1280 Scottsville Rd, Rochester, NY 14624
      View Details
    • Contact for pricing
      23,710 SF

      Rochester Mixed-Use Complex for Lease

      Mixed-use complex with office, retail, and flex spaces available for lease.
      1280 Scottsville Rd, Rochester, NY 14624
      View Details
    • $9 SF/Yr
      51,300 SF

      Rochester Industrial Flex Space

      51,300 SF Flex Space Available
      5 Marway Cir, Rochester, NY 14624
      View Details
    • 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
    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.
    1302 Scottsville Rd
    Rochester, NY 14624
    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.