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    1635 Rdg Rd Rochester, NY 14615-2508
    Property profile & analytics

    1635 Rdg Rd Rochester, NY 14615-2508

    View on Map
    • Hotels
    • 38,668 SF
    • 1.96 lot acres
    Off-Market
    Last Sale Oct 2, 2024
    $5,885,000
    Property ID
    US63-3434829
    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.
    Value Estimations
    $5,885,000
    Show details
    Cap Rate Potential
    3.8%
    Hotels
    Location Intelligence

    Current Use by Public Records

    • Holt Rd, Webster NY / Hotel & Motel
    • Holiday Inn Express Rochester - Greece, an IHG Hotel / Hotel & Motel

    Property Details for 1635 Rdg Rd

    Year built
    1985
    Lot size
    1.96 lot acres
    Property size
    38,668 SF
    Zone code
    05 - COMMERCIAL
    Property type
    Hotels
    APN
    262800 074.20-3-1
    APU
    2628000742031

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,885,000
      ML approach
      $5,885,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,096,000
      Market price range: $1.31M - $6.55M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $3,975,000
      Current use
      RESTAURANT
      $4,910,000
      Change: +23% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $4,125,000
      Change: +4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.671
    Latitude
    43.2052
    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
    $1,170,400
    $2,250,700
    $3,421,100
    -
    $1,360,930
    $2,617,093
    $3,978,023

    Comparable in this City

    • Value Estimation
      $1,500,000
      46,500 SF

      400 Paddy Crk Cir

      HOTEL • 46,500 SF
      400 Paddy Crk Cir, Rochester, NY 14615-2649
      View Details
    • Value Estimation
      $2,255,000
      38,540 SF

      1501 Rdg Rd

      HOTEL • 38,540 SF
      1501 Rdg Rd, Rochester, NY 14615-2417
      View Details
    • Value Estimation
      $6,345,000
      129,096 SF

      1890 Rdg Rd

      HOTEL • 129,096 SF
      1890 Rdg Rd, Rochester, NY 14615-2505
      View Details
    • Value Estimation
      $4,110,000
      77,616 SF

      400 Ctr Pl Dr

      HOTEL • 77,616 SF
      400 Ctr Pl Dr, Rochester, NY 14615-4013
      View Details
    • Value Estimation
      $2,650,000
      59,468 SF

      600 Ctr Pl Dr

      HOTEL • 59,468 SF
      600 Ctr Pl Dr, Rochester, NY 14615-4021
      View Details
    • Value Estimation
      $1,880,000
      79,700 SF

      500 Paddy Crk Cir

      HOTEL • 79,700 SF
      500 Paddy Crk Cir, Rochester, NY 14615-2660
      View Details

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      95-key, full-service hotel with modern amenities and recent renovations.
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      Rochester Multifamily Investment Opportunity

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      Mixed-Use Investment Opportunity

      Mixed-use property with income potential in Rochester, NY.
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    • $650,000
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      West Ridge Rd Retail Space

      Prime Rochester location, renovated QSR/restaurant.
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    Similar Nearby for Lease

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      45,435 SF

      Industrial Facility in Greece, NY

      High-quality industrial facility with outside storage and highway access.
      105 Mclaughlin Rd, Rochester, NY 14615
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    • Contact for pricing
      3,000 SF

      Retail Property on Busy Corridor

      Three-unit commercial property with high visibility and flexible zoning.
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    • $15 SF/Yr
      3,200 SF

      West Ridge Road Medical Office

      Prime Rochester medical office space.
      211 Ridge Rd, Rochester, NY 14615
      View Details
    • Contact for pricing

      Former Automotive Retail Store Available

      8,400 SF retail space with large parking lot for lease.
      1460 W Ridge Rd, Rochester, NY 14615
      View Details
    • Contact for pricing

      Retail Building in Greece, NY

      5,791 SF standalone retail building in a high-traffic area.
      1500 W Ridge Rd, Rochester, NY 14615
      View Details

    Property Visit Statistics

    • Visits by month
      5.3k
    • Visitors by month
      2.4k
    • Avg Time on site
      415 min
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    Rochester, NY 14615-2508
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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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