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

    1451 State Rte 96 Victor, NY 14564

    • Office buildings
    • 23,212 SF
    • 2.66 lot acres
    OFF-MARKET
    Value Estimations
    $1,490,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1799713
    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

    • Office buildings

    Property Details for 1451 State Rte 96

    Year built
    1987
    Lot size
    2.66 lot acres
    Property size
    23,212 SF
    Zone code
    INDUSTRIAL
    Property type
    Office buildings
    APN
    264489 193.02-1-18.3/A
    APU
    264489193021183A

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,762,000
      Market price range: $1.03M - $3.20M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,090,000
      Current use
      COMMERCIAL (GENERAL)
      $2,235,000
      Change: +7% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Victor
    County
    Monroe
    State
    New York
    Longitude
    -77.4582
    Latitude
    43.0387
    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
    $364,200
    $1,039,500
    $1,403,700
    -
    $512,947
    $1,464,053
    $1,977,000

    Comparable in this City

    • Value Estimation
      $715,000
      7,364 SF

      1501 State Rte 96

      OFFICE BUILDING • 7,364 SF
      1501 State Rte 96, Victor, NY 14564-9645
      View Details
    • Value Estimation
      $2,010,000
      31,648 SF

      1451 State Rte 96

      OFFICE BUILDING • 31,648 SF
      1451 State Rte 96, Victor, NY 14564
      View Details
    • Value Estimation
      $1,950,000
      31,648 SF

      1451 State Rte 96

      OFFICE BUILDING • 31,648 SF
      1451 State Rte 96, Victor, NY 14564
      View Details
    • Value Estimation
      $1,600,000
      33,101 SF

      596 Fishers Sta Dr

      OFFICE BUILDING • 33,101 SF
      596 Fishers Sta Dr, Victor, NY 14564-9667
      View Details
    • Value Estimation
      $1,680,000
      37,029 SF

      7675 Omnitech Pl

      OFFICE BUILDING • 37,029 SF
      7675 Omnitech Pl, Victor, NY 14564-9658
      View Details
    • Value Estimation
      $1,030,000
      21,921 SF

      7255 State Rte 96

      PROFESSIONAL BUILDING • 21,921 SF
      7255 State Rte 96, Victor, NY 14564-9009
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Flexible Commercial Space on Route 96

      Flexible commercial space ideal for retail, office, or professional use.
      7353 1-18, Victor, NY 14564
      View Details
    • $349,900
      840 SF

      Free-Standing Building in Victor, NY

      840 SF building in the heart of Victor, New York.
      90 W Main St, Victor, NY 14564
      View Details
    • $2,500,000
      25,550 SF

      Victor Flex Industrial Building

      25,550 SF flex building near NYS Thruway 90.
      580 Fishers Station Dr, Victor, NY 14564
      View Details
    • $1,395,000
      9,960 SF

      Victor, NY Office/Warehouse - $1.4M

      High-exposure office/warehouse near Victor. Excellent parking, great visibility.
      6560 Anthony Dr, Victor, NY 14564
      View Details
    • Contact for pricing
      3,237 SF

      Victor Retail/Flex/Office Opportunity

      Highly visible property in Victor, ideal for retail, flex, or office.
      810 High St, Victor, NY 14564
      View Details
    • $1,100,000
      11.90 Acres

      11.9 Acres Commercial Land, Victor NY

      Prime Commercial Land - Excellent Location
      1256 Brace Rd, Victor, NY 14564
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      7,000 SF

      Adaptable Office Space Available

      Customizable office space near retail and Eastview Mall.
      101 Victor Heights Pkwy, Victor, NY 14564
      View Details
    • $12 SF/Yr
      12,000 SF

      Victor Executive Office Space

      12,000 sq ft Office Building, Build-to-Suit
      6535 Anthony Dr, Victor, NY 14564
      View Details
    • Contact for pricing
      12,188 SF

      Modern Office Space Available

      High-quality office space with modern amenities for lease.
      7620 Omnitech Pl, Victor, NY 14564
      View Details
    • Contact for pricing
      6,500 SF

      Office Space Near Victor Village

      Two-floor office space with open floorplan near NYS Thruway.
      7200 Rawson Rd, Victor, NY 14564
      View Details
    • $14 SF/Yr
      52,832 SF

      Victor, NY Office Space for Lease

      Modern Office Building, Ample Space Available
      7615 Omnitech Pl, Victor, NY 14564
      View Details
    • $7 SF/Yr
      24,980 SF

      Victor, NY Office/Industrial Space

      Flexible Suites, 16,284 SF Available
      1290 Blossom Dr, Victor, NY 14564
      View Details
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    1451 State Rte 96
    Victor, NY 14564
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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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