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    1655 Monroe Ave Rochester, NY 14618
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    1655 Monroe Ave, Rochester, NY 14618

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    • Banks
    • 2,496 SF
    • 0.60 lot acres
    For Lease
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    Retail Space Near Twelve Corners For Lease
    Contact for pricing
    2,764 SF

    Retail Space Near Twelve Corners

    Retail space with heavy foot traffic, walking distance to amenities.

    1655 Monroe Ave, Rochester, NY
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    Property ID
    US63-1612501
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • KeyBank ATM / Atm
    • High Falls Sotheby's International Realty / Real Estate Agency

    Property Details for 1655 Monroe Ave

    Year built
    2007
    Lot size
    0.60 lot acres
    Zone code
    05 - COMMERCIAL
    Property type
    Banks
    APN
    262000 137.05-5-42.1
    APU
    262000137055421

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 6, 2026 — Fm 1649 Monroe Avenue LLC — Deed · related $7k · Esl FCU
    Oct 19, 2005 $318,000 Fm 1649 Monroe Avenue LLC Hemmerich,james Grant Deed $750k · First Niagara Funding INC

    Description

    This exceptional retail property, located at 1655 Monroe Avenue in Rochester, New York, 14618, presents a unique investment opportunity. The building encompasses a substantial 2,496 square feet and is currently configured as a single-tenant space, ideal for a variety of uses. Its strategic location on Monroe Avenue offers excellent visibility and accessibility, ensuring high foot traffic and strong brand recognition. The property's classification as a retail space, specifically a bank, suggests a history of successful commercial operation. The building's single-tenant occupancy simplifies management and minimizes vacancy risks, providing a stable and predictable income stream. This property is situated at latitude 43.1306234 and longitude -77.5696891, allowing for easy location verification and mapping. Given its size, location, and current configuration, this property is well-suited for a variety of retail businesses seeking a prominent presence in the vibrant Rochester market. The property's existing infrastructure and layout offer a solid foundation for immediate occupancy or potential renovation to suit specific business needs. Serious inquiries are encouraged to explore the full potential of this valuable commercial asset. The property is categorized as a retail space with a bank subtype. This presents a unique opportunity for a financial institution or a business seeking a high-visibility location in a well-established commercial area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.5698
    Latitude
    43.1306
    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
    $218,000
    $672,700
    $890,700
    -
    $311,422
    $960,978
    $1,272,400

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      Retail Space Near Twelve Corners

      Retail space with heavy foot traffic, walking distance to amenities.
      1655 Monroe Ave, Rochester, NY 14618
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      Freestanding Retail Space in Pittsford

      4,558 SF retail space in high-traffic Pittsford corridor.
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      Updated Commercial Space in Rochester

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    View Listing
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    Rochester, NY 14618
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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.

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