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

    1530 Buffalo Rd Rochester, NY 14624-1828

    • Specialty properties
    • 4,290 SF
    • 0.78 lot acres
    OFF-MARKET
    Last Sale
    Aug 19, 2022
    Value Estimations
    $190,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1413640
    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

    • Genesee Valley Cremation / Funeral Director / Funeral Home
    • James R Gray Funeral Home / Funeral Home

    Property Details for 1530 Buffalo Rd

    Year built
    1945
    Lot size
    0.78 lot acres
    Property size
    4,290 SF
    Zone code
    05 - COMMERCIAL
    Property type
    Specialty properties
    APN
    262600 119.10-3-55
    APU
    26260011910355

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $215,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $162,000
      Market price range: $134k - $213k

    • Alternative Use

      Use
      Estimation
      CEMETERY, FUNERAL HOME, MORTUARY (COMMERCIAL)
      $175,000
      Current use
      AUTO REPAIR, GARAGE
      $350,000
      Change: +104% Conversion: Difficult
      MEDICAL BUILDING
      $330,000
      Change: +92% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $325,000
      Change: +88% Conversion: Difficult
      RETAIL STORES
      $210,000
      Change: +22% Conversion: Difficult
      OFFICE BUILDING
      $155,000
      Change: -9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.6922
    Latitude
    43.1504
    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
    $104,700
    $191,600
    $296,300
    -
    $126,149
    $230,851
    $357,000

    Comparable in this City

    • Value Estimation
      $390,000
      21,553 SF

      150 Frank Dimino Way

      PROFESSIONAL CLUBS/ASSOCIATIONS • 21,553 SF
      150 Frank Dimino Way, Rochester, NY 14624-1100
      View Details
    • Value Estimation
      $200,000
      3,373 SF

      3388 Chili Ave

      VETERINARY, ANIMAL HOSPITAL • 3,373 SF
      3388 Chili Ave, Rochester, NY 14624-5326
      View Details
    • Value Estimation by Request
      159,059 SF

      2159 Buffalo Rd

      Specialty properties • 159,059 SF
      2159 Buffalo Rd, Rochester, NY 14624
      View Details
    • Value Estimation
      $180,000
      18,847 SF

      677 Beahan Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 18,847 SF
      677 Beahan Rd, Rochester, NY 14624-3521
      View Details
    • Value Estimation
      $230,000
      6,602 SF

      2125 Chili Ave

      FUNERAL HOME • 6,602 SF
      2125 Chili Ave, Rochester, NY 14624-3425
      View Details
    • Value Estimation
      $250,000
      14,155 SF

      199 Hidden Vly Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 14,155 SF
      199 Hidden Vly Rd, Rochester, NY 14624-2359
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,226 SF

      Former Fire Department Redevelopment Opportunity

      Former fire department building for sale or lease on Chili Avenue.
      3231 Chili Ave, Rochester, NY 14624
      View Details
    • $872,000
      4.63 Acres

      Cinemark Overflow Parking Lot

      4.63 Acres, Rochester, NY - Investment Opportunity
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      Professional Office/Medical Condo Suite

      1,680 Sq. Ft. office/medical condo suite for sale.
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    • $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
    • $825,000
      4,558 SF

      High-Traffic Chili Ave Retail Space

      Prime Rochester location, redevelopment opportunity.
      3187 Chili Ave, 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
    • $599,900

      Gates Specialty Property For Rent

      Specialty property available for rent in Gates, New York.
      300 Buell 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
    • Contact for pricing

      Single Story Steel Frame Building

      Single-story building with ample parking and high ceilings for rent.
      275 Mile Crossing Blvd, Rochester, NY 14624
      View Details
    • Contact for pricing
      11,226 SF

      Former Fire Department Redevelopment Opportunity

      Former fire department building for sale or lease on Chili Avenue.
      3231 Chili Ave, 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

    Property Visit Statistics

    • Visits by month
      14.4k
    • Visitors by month
      6.0k
    • Avg Time on site
      17 min
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    1530 Buffalo Rd
    Rochester, NY 14624-1828
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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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