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Property profile & analytics
OFF-MARKET
Estimated value
$1,070,000
Strip malls
1703 Monroe Ave, Rochester, NY 14618-1431
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-2769025
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1949
Total area
11,586 SF
Lot
0.78 ac (33,977 SF)
Zoning code
05 - COMMERCIAL
APN
262000 137.05-5-48
UPID
US63-2769025
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
-
Michael C Francis Investments Financial Advisor
-
Caroline Korn Investments Tax Preparation
-
Brighton Securities Financial Advisor
-
Robert Kravetz Investments Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.24M
Blend (final)
Blend
$1.07M
Owner & transaction history
Monroe Glen Ellyn Associates · 5 yrs held
Monroe Glen Ellyn Associates
since 2020
6 recorded transactions
Zoning & alternative use
05 - COMMERCIAL · Rochester, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.5M
+83.6%
Auto repair, garage
$1.2M
+54.3%
Office building
$960,000
+19.6%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$800,000
Current use
RESTAURANT
$1,470,000
Change: +84% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,235,000
Change: +54% · Conversion: Difficult
OFFICE BUILDING
$960,000
Change: +20% · Conversion: Moderate
COMMERCIAL (GENERAL)
$765,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$1.07M
Range $963k – $1.18M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$92 / 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
$1,194,500
Assessed 2023
Previous assessed
$1,194,500
+0.0% YoY
Assessed land
$278,900
Assessed improvement
$915,600
Land market value
$398,422
Improvement market value
$1,307,978
Total market value
$1,706,400
Applied tax rate
262,001.0000
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
Off-Market
Year built
1949
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
11,586 SF
Lot
0.78 ac (33,977 SF)
Zoning code
05 - COMMERCIAL
APN
262000 137.05-5-48
UPID
US63-2769025
Jurisdiction
MONROE
Zoning & alternative use
05 - COMMERCIAL · Rochester, NY
Zoning 05 - COMMERCIAL · permitted uses
05 - COMMERCIAL · 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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$800,000
RESTAURANT
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.2M
OFFICE BUILDING
Est. value
$960,000
COMMERCIAL (GENERAL)
Est. value
$765,000
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1949
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
0.78 ac
Current owner
From public records · entity-resolved
Monroe Glen Ellyn Associates
Entity
Mailing address
339 EE AVE STE #400, ROCHESTER, NY 14604-2635
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 27, 2020
—
Monroe Glen Ellyn Associates
—
Deed
related
$1,150,000 · Canandaigua Nat'l Bk&tr
—
—
Monroe Glen Ellyn Associates
—
Loan Modification, Consolidation And Extension
related
$783,093 · M&t Bk
—
—
Monroe Glen Ellyn Associates
—
Deed Of Trust
related
$930,124 · M & T Real Estate Trust
—
—
Monroe Glen Ellyn Associates
—
Loan Modification
related
$1,408,093 · M&t Bk
—
—
Monroe Glen Ellyn Associates
—
Loan Modification
related
$1,150,000 · Canandaigua Nat'l Bk&tr
—
—
Monroe Glen Ellyn Associates
—
Deed Of Trust
related
$20,686 · Canandaigua Nat'l Bk&tr
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.
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