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Property profile & analytics
OFF-MARKET
Estimated value
$2,655,000
Manufacturing properties
1964 Lk Ave Rochester, NY 14615-2316
Entity Owned
4-yr Hold
Free & Clear
Property ID
US63-3238696
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1965
Total area
229,149 SF
Lot
4.36 ac (189,922 SF)
APN
261400 075.84-1-1.002
UPID
US63-3238696
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
-
AIM Photonics Test, Assembly and Packaging Research Institute
-
Delta-X Imagine Industrial Manufacturer Production Facility
-
ON Semiconductor Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.84M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.76M
Blend (final)
Blend
$2.66M
Owner & transaction history
Cleantech Infrastructure Corp · 4 yrs held
Cleantech Infrastructure Corp
since 2021
Last sale
$3.1M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$2,010,000
ML approach
$1,840,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.66M
Range $2.39M – $2.92M · ±10% · vs last sale $3.13M (Nov 3 2021)
Last sale anchor
$3.13M
Nov 3 2021
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
$12 / 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
$2,958,000
Assessed 2023
Previous assessed
$2,958,000
+0.0% YoY
Assessed land
$359,800
Assessed improvement
$2,598,200
Land market value
$433,494
Improvement market value
$3,130,361
Total market value
$3,563,855
Applied tax rate
261,400.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1965
Heating
NONE
Cooling
CENTRAL
Stories
9
Total area
229,149 SF
Lot
4.36 ac (189,922 SF)
APN
261400 075.84-1-1.002
UPID
US63-3238696
Jurisdiction
MONROE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1965
Heating
NONE
Cooling
Yes
Stories
9
Lot
4.36 ac
Current owner
From public records · entity-resolved
Cleantech Infrastructure Corp
Entity
Free & Clear · 4 yrs held
Mailing address
1964 LK AVE, ROCHESTER, NY 14615-2316
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2021
$3,131,226
Cleantech Infrastructure Corp
Fabexchange INC
Bargain And Sale Deed
—
Dec 16, 2020
$2,790,000
Fabexchange INC
Semiconductor Components Indus
Grant Deed
—
Dec 21, 2016
—
Semiconductor Components Indus
Truesense Imaging INC
Grant Deed
related
—
Oct 24, 2014
—
Truesense Imaging INC
Image Sensor Technologies Re C
Quit Claim Deed
related
—
Nov 10, 2011
$3,000,000
Sensor Technologies Re C Image
Eastman Kodak Co
Quit Claim Deed
related
$500,000 · Pnc Bank
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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