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

    1387 Fairport Rd Fairport, NY 14450-2003

    • Manufacturing properties
    • 10,411 SF
    • 13.78 lot acres
    OFF-MARKET
    Value Estimations
    $530,000
    Show details
    Cap Rate Potential
    9.7%
    Manufacturing properties
    Location Intelligence
    Property ID
    US63-2317287
    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

    • Eaton Chiropractic / Alternative Medicine Practice
    • Dodge Philip J DC / Alternative Medicine Practice
    • Fordham-Macedo Kuerstin DC / Alternative Medicine Practice
    • Tracsis / (Bike/Boat/Book/etc) Store / Corporate Office
    • Susan K. Newburge, PHD / Physician / Medical Clinic

    Property Details for 1387 Fairport Rd

    Year built
    1980
    Lot size
    13.78 lot acres
    Property size
    10,411 SF
    Zone code
    INDUSTRIAL
    Property type
    Manufacturing properties
    APN
    264489 152.15-2-12
    APU
    26448915215212

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $480,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $780,000
      6.5%
      $720,000
      7%
      $665,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $562,000
      Market price range: $139k - $563k
      AI Estimate
      $350,000
      Market price range: $172k - $351k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $355,000
      Current use
      COMMERCIAL (GENERAL)
      $750,000
      Change: +110% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $725,000
      Change: +103% Conversion: Difficult
      WAREHOUSE, STORAGE
      $555,000
      Change: +56% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairport
    County
    Monroe
    State
    New York
    Longitude
    -77.4573
    Latitude
    43.0976
    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
    $1,132,400
    $3,101,900
    $4,234,300
    -
    $1,594,929
    $4,368,871
    $5,963,800

    Comparable in this City

    • Value Estimation
      $2,725,000
      82,787 SF

      101 Perinton Pkwy

      MANUFACTURING (LIGHT) • 82,787 SF
      101 Perinton Pkwy, Fairport, NY 14450-9104
      View Details
    • Value Estimation
      $1,765,000
      39,292 SF

      129 Perinton Pkwy

      MANUFACTURING (LIGHT) • 39,292 SF
      129 Perinton Pkwy, Fairport, NY 14450-9104
      View Details
    • Value Estimation by Request
      14,458 SF

      876 Turk Hl Rd

      MANUFACTURING (LIGHT) • 14,458 SF
      876 Turk Hl Rd, Fairport, NY 14450
      View Details
    • Value Estimation by Request
      1,540 SF

      639 Whitney W Rd

      MANUFACTURING (LIGHT) • 1,540 SF
      639 Whitney W Rd, Fairport, NY 14450-1033
      View Details
    • Value Estimation
      $2,560,000
      73,800 SF

      83 Ests W Dr

      MANUFACTURING (LIGHT) • 73,800 SF
      83 Ests W Dr, Fairport, NY 14450-8425
      View Details
    • Value Estimation
      $1,115,000
      38,783 SF

      45 Oconnor Rd

      MANUFACTURING (LIGHT) • 38,783 SF
      45 Oconnor Rd, Fairport, NY 14450-1327
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Perinton Development Land Opportunity

      Rare 114-acre mixed-use development site.
      8089 Palmyra Rd, Fairport, NY 14450
      View Details
    • $1,200,000
      7,075 SF

      2 Buildings on the 0.55 AC For Sale

      2 Buildings on the 0.55 AC For Sale
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    • $599,900
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      Fairport Commercial Land Opportunity

      15 Acres, Route 31 Access, High Potential
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    • $850,000
      6,651 SF

      Fairport Village Business Opportunity

      Commercial property in Fairport, NY, suitable for various service businesses.
      76 S Main St, Fairport, NY 14450
      View Details
    • New
      $379,900
      1,491 SF

      Fairport Duplex with Large Yard

      Spacious duplex in Fairport Village, potential single-family conversion.
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    • $989,900
      1 SF

      Residential Development Land in Fairport

      36.17-acre parcel approved for 16-lot residential subdivision.
      2745 Penfield Rd, Fairport, NY 14450
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      2,574 SF

      Fairport Flex/Manufacturing Space Available

      Flex building suitable for labs, manufacturing, or office use.
      71 Perinton Pkwy, Fairport, NY 14450
      View Details
    • Contact for pricing
      12,000 SF

      Fairport Industrial Warehouse with Mezzanine

      Industrial warehouse featuring loading docks, grade-level doors, and mezzanine.
      400 Mason Rd, Fairport, NY 14450
      View Details
    • $16 SF/Yr
      64,385 SF

      Perinton Hills Retail Spaces Available

      Prime Retail Space, Monroe County
      6687 Pittsford Palmyra Rd, Fairport, NY 14450
      View Details
    • $23 SF/Yr
      21,596 SF

      Fairport Office Building For Lease

      Class A office space with high traffic exposure in Fairport.
      1157 Fairport Rd, Fairport, NY 14450
      View Details
    • $12 SF/Yr
      2,190 SF

      Fairport Office Space For Rent

      Office space for lease in Crosskeys Office Park.
      302-308 Cross Keys Office Park, Fairport, NY 14450
      View Details
    • $16 SF/Yr
      64,385 SF

      Retail Space in Perinton Hills

      Retail space available in Perinton Hills Shopping Center.
      6687 Pittsford Palmyra Rd, Fairport, NY 14450
      View Details
    Request Owner's contact information
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    1387 Fairport Rd
    Fairport, NY 14450-2003
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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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