Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1801 Penfield Rd Penfield, NY 14526-2105
    Back to Search
    Property profile & analytics

    1801 Penfield Rd Penfield, NY 14526-2105

    View on Map
    • Investment properties
    • 2,993 SF
    • 0.46 lot acres
    Off-Market
    Last Sale Apr 9, 2021
    $230,000
    Property ID
    US63-1680387
    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

    • David Warner / Physician
    • Mt. Hope Chiropractic and Wellness / Alternative Medicine Practice
    • Belgiorno Michael T / Law Firm
    • Lankford Warner Opticians / Ophthalmologist / (Bike/Boat/Book/etc) Store

    Property Details for 1801 Penfield Rd

    Year built
    1920
    Lot size
    0.46 lot acres
    Property size
    2,993 SF
    Zone code
    FC
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    264200 139.09-1-21
    APU
    26420013909121

    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
    Penfield
    County
    Monroe
    State
    New York
    Longitude
    -77.4775
    Latitude
    43.1292
    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
    $103,400
    $36,600
    $140,000
    -
    $109,973
    $38,927
    $148,900

    Comparable in this City

    • Value Estimation by Request
      1,092 SF

      1680 Frpt 9th Mile Pt Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,092 SF
      1680 Frpt 9th Mile Pt Rd, Penfield, NY 14526
      View Details
    • Value Estimation by Request
      1,872 SF

      2139 5th Mile Line Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,872 SF
      2139 5th Mile Line Rd, Penfield, NY 14526-2210
      View Details
    • Value Estimation by Request
      1,456 SF

      2104 5th Mile Line Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,456 SF
      2104 5th Mile Line Rd, Penfield, NY 14526-1440
      View Details
    • Value Estimation by Request
      1,206 SF

      2140 Penfield Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,206 SF
      2140 Penfield Rd, Penfield, NY 14526-1736
      View Details
    • Value Estimation by Request
      3,005 SF

      1857 Penfield Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,005 SF
      1857 Penfield Rd, Penfield, NY 14526-1409
      View Details
    • Value Estimation by Request
      4,058 SF

      1797 Penfield Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 4,058 SF
      1797 Penfield Rd, Penfield, NY 14526-2103
      View Details

    Similar Nearby for Sale

    • $750,000

      Prime Commercial Land in Penfield

      High-visibility 0.66-acre lot in Penfield's four corners district.
      1798 Penfield Rd, Penfield, NY 14526
      View Details
    • $824,999

      Penfield Commercial Greenhouse and Cultivation

      12.88-acre site with greenhouse, commercial space, and apartments.
      1345 Penfield Center Rd, Penfield, NY 14526
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Retail Center for Lease

      Multi-tenant retail center at a high-traffic intersection in Penfield.
      2150 Fairport Nine Mile Point Rd, Penfield, NY 14526
      View Details
    • Contact for pricing
      1,922 SF

      Penfield Office Space Available

      Office space for rent in Penfield, move-in ready.
      481 Penbrooke Dr, Penfield, NY 14526
      View Details
    • $15 SF/Yr
      1,400 SF

      Functional Commercial Suite on Penfield

      Well-maintained 1,400 SF commercial suite on Penfield Road.
      2025 Penfield Rd, Penfield, NY 14526
      View Details
    • $825,000
      3,200 SF

      Penfield Commercial Greenhouse & Cultivation Site

      12.88-acre commercial greenhouse and cultivation site with 25,000 SF greenhouse.
      1345 Penfield Center Rd, Penfield, NY 14526
      View Details
    • $6,658 /Mo

      Prime Land Lease Opportunity

      1.62-acre lot for retail, office, mixed-use, or residential development.
      2240 Penfield Rd, Penfield, NY 14526
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1801 Penfield Rd
    Penfield, NY 14526-2105
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1801 Penfield Rd, Penfield, NY, 14526
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!