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Property profile & analytics
FOR SALE
Strip malls
1780 East Ridge Rd, Rochester, NY 14622
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-3020658
For Sale
1 / 9
$1,800,000
1780 East Ridge Rd, Rochester, NY 14622
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1990
Total area
11,745 SF
Lot
3.1 ac (135,036 SF)
Zoning code
05 - COMMERCIAL
APN
263400 077.17-4-49.1
UPID
US63-3020658
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
-
Sam's Diner Restaurant
-
FedEx Drop Box Postal Service Courier Service
-
LibertyX Bitcoin ATM Atm
-
John D'Aurizio Law Firm
-
Castersupply.com LLC Material Handling Equipment Supplier
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$1.10M
Owner & transaction history
First Niagara Funding INC · 3 yrs held
First Niagara Funding INC
since 2023
7 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
$1.3M
+54.3%
Office building
$970,000
+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
$810,000
Current use
RESTAURANT
$1,490,000
Change: +84% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,255,000
Change: +54% · Conversion: Difficult
OFFICE BUILDING
$970,000
Change: +20% · Conversion: Moderate
COMMERCIAL (GENERAL)
$775,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$1.10M
Range $990k – $1.21M · ±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
$94 / 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
$1,770,000
Assessed 2023
Previous assessed
$1,514,500
+16.9% YoY
Assessed land
$556,000
Assessed improvement
$1,214,000
Land market value
$556,000
Improvement market value
$1,214,000
Total market value
$1,770,000
Applied tax rate
263,401.0000
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 Sale
Year built
1990
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
11,745 SF
Lot
3.1 ac (135,036 SF)
Zoning code
05 - COMMERCIAL
APN
263400 077.17-4-49.1
UPID
US63-3020658
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
$810,000
RESTAURANT
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.3M
OFFICE BUILDING
Est. value
$970,000
COMMERCIAL (GENERAL)
Est. value
$775,000
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
1990
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
3.1 ac
Current owner
From public records · entity-resolved
First Niagara Funding INC
Entity
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2023
—
First Niagara Funding INC
Keybank NA
Assignment Of Lease (leasehold Sale)
—
Feb 13, 2023
—
1760 1802 East Ridge LLC
The Atrium Mall LLC
Deed
—
Dec 22, 2022
—
The Atrium Mall LLC
Town Of Irondequoit
Quit Claim Deed
related
—
Nov 17, 2022
—
The Atrium Mall LLC
Franklin Daurizio
Warranty Deed
—
Jan 13, 2010
—
Atrium Mall LLC
—
Trustees Deed
related
$1,350,000 · Normandy Corp
Jun 15, 2005
—
Atrium Mall LLC
Daurizio,franklin
Warranty Deed
related
—
—
—
Atrium Mall LLC
—
Deed Of Trust
related
$1,745,239 · First Niagara Bank
—
—
Atrium Mall LLC
—
Deed Of Trust
related
$526,207 · Normandy Corp
—
—
Hussein,abdusamed
—
Deed Of Trust
related
$31,000 · Mark G Mcgrath
—
—
Atrium Mall LLC
—
Deed Of Trust
related
$1,025,000 · Hsbc Bank USA
—
—
Atrium Mall LLC
—
Deed Of Trust
related
$525,000 · First Niagara Funding INC
—
—
Atrium Mall LLC
—
Deed Of Trust
related
$1,875,000 · First Niagara Funding INC
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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