New search
Property profile & analytics
FOR LEASE
Strip malls
1601 Penfield Rd, Rochester, NY 14625
Entity Owned
11-yr Hold
Free & Clear
Property ID
US63-3379114
For Lease
1 / 2
$2,690,000
1601 Penfield Rd, Rochester, NY 14625
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1995
Total area
247,668 SF
Lot
36.68 ac (1,597,781 SF)
Zoning code
GB
APN
264200 138.08-1-2./PLZA
UPID
US63-3379114
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Fancy Nails Nail Salon
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
George's Restaurant
-
Skyridge Chiropractic Alternative Medicine Practice
-
GNC (Bike/Boat/Book/etc) Store Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.69M
Owner & transaction history
Penfield Tk Owner LLC · 11 yrs held
Penfield Tk Owner LLC
since 2014
5 recorded transactions
Zoning & alternative use
GB · Rochester, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Rochester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rochester submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$11 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$18,310,900
Assessed 2023
Previous assessed
$18,310,900
+0.0% YoY
Assessed land
$3,749,300
Assessed improvement
$14,561,600
Land market value
$3,988,621
Improvement market value
$15,491,079
Total market value
$19,479,700
Applied tax rate
264,201.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1995
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
247,668 SF
Lot
36.68 ac (1,597,781 SF)
Zoning code
GB
APN
264200 138.08-1-2./PLZA
UPID
US63-3379114
Jurisdiction
MONROE
Zoning & alternative use
GB · Rochester, NY
Zoning GB · permitted uses
GB · Rochester, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rochester. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1995
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
36.68 ac
Current owner
From public records · entity-resolved
Penfield Tk Owner LLC
Entity
Free & Clear · 11 yrs held
Mailing address
415 PARK AVE, ROCHESTER, NY 14607-2808
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2015
—
Amherst Tk Owner LLC|cheektowaga Tk Owner LLC Etal
—
Loan Modification
related
$18,492,886 · Ubs R/e Secs
Dec 1, 2014
—
Penfield Tk Owner LLC
Ddr Panorama Plaza LLC
Grant Deed
related
—
Nov 15, 2004
—
Ddr Panorama Plaza LLC
Bg Panorama LLC
Grant Deed
$38,750,000 · Nomura Credit & Capital INC
May 7, 2004
—
Bg Panorama LLC
Benderson Dev Co INC
Grant Deed
related
—
May 4, 2004
—
Bg Panorama LLC
County Of Monroe Indl Dev Agcy
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
