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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1970 Empire Blvd Webster, NY 14580-1904

    • Office buildings
    • 10,800 SF
    • 7.40 lot acres
    OFF-MARKET
    Value Estimations
    $1,310,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-6184694
    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.

    Current Use by Public Records

    • Baytowne. Thursday Night Cruise Night / Tourist Attraction

    Property Details for 1970 Empire Blvd

    Year built
    2015
    Lot size
    7.40 lot acres
    Property size
    10,800 SF
    Zone code
    GB
    Property type
    Office buildings
    APN
    264200 093.02-1-13.1
    APU
    264200093021131

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,445,000
      6.5%
      $1,335,000
      7%
      $1,240,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,486,000
      Market price range: $479k - $1.49M
      AI Estimate
      $1,103,000
      Market price range: $407k - $1.10M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $975,000
      Current use
      RESTAURANT
      $1,270,000
      Change: +30% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,225,000
      Change: +26% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $950,000
      Change: -3% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Webster
    County
    Monroe
    State
    New York
    Longitude
    -77.5001
    Latitude
    43.1926
    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
    $520,000
    $1,474,100
    $1,994,100
    -
    $553,196
    $1,568,204
    $2,121,400

    Comparable in this City

    • Value Estimation by Request
      3,000 SF

      1285 Crk St

      PROFESSIONAL BUILDING • 3,000 SF
      1285 Crk St, Webster, NY 14580-2213
      View Details
    • Value Estimation
      $730,000
      8,668 SF

      1674 Empire Blvd

      PROFESSIONAL BUILDING • 8,668 SF
      1674 Empire Blvd, Webster, NY 14580-1894
      View Details
    • Value Estimation by Request
      4,370 SF

      1085 Gravel Rd

      OFFICE BUILDING • 4,370 SF
      1085 Gravel Rd, Webster, NY 14580-1743
      View Details
    • Value Estimation by Request
      4,592 SF

      10 Lapham Park

      OFFICE BUILDING • 4,592 SF
      10 Lapham Park, Webster, NY 14580-3220
      View Details
    • Value Estimation by Request
      5,388 SF

      603 Rdg Rd

      PROFESSIONAL BUILDING • 5,388 SF
      603 Rdg Rd, Webster, NY 14580-2316
      View Details
    • Value Estimation by Request
      1,550 SF

      1681 Empire Blvd

      OFFICE BUILDING • 1,550 SF
      1681 Empire Blvd, Webster, NY 14580-2290
      View Details

    Similar Nearby for Sale

    • $450,000
      3,000 SF

      Webster Commercial Building For Sale

      Commercial building with high traffic exposure in Webster, New York.
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      Webster Office/Retail Redevelopment

      Prime 1.4-acre corner lot, 14,565 sqft.
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    • $299,900

      Mixed-Use Building on Ridge Road

      Mixed-use property with commercial space and residential apartment.
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    • $850,000
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      Webster, NY Medical Office Building

      Thriving Veterinary Practice for Sale
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    • $649,900
      4,564 SF

      Webster Empire Blvd Redevelopment

      2.9-Acre Prime Webster Property, High Traffic
      1506 Empire Blvd, Webster, NY 14580
      View Details
    • $65,000
      Pending

      Residential Building Lot in Webster

      Level, open residential building lot ready for new construction.
      769 Bay Rd, Webster, NY 14580
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      97,070 SF

      Webster Office Building - 97,070 SF

      Prime Webster office space, ample parking, flexible lease terms.
      0 Mitcheldean Dr, Webster, NY 14580
      View Details
    • Contact for pricing
      9,000 SF

      Medical Office Building in Webster, NY

      Turn-key medical office space, 6,000-9,000 sq ft
      85 Sovran Dr, Webster, NY 14580
      View Details
    • $18 SF/Yr
      24,996 SF

      Office Space in Webster, NY

      Office space available in a mixed-use building with ample parking.
      1695 Empire Blvd, Webster, NY 14580
      View Details
    • Contact for pricing
      227,462 SF

      Webster Square Retail Space For Lease

      Multiple restaurant spaces available, ample parking.
      950 Ridge Rd, Webster, NY 14580
      View Details
    • Contact for pricing
      22,582 SF

      Empire Ridge Plaza Warehouse Space

      Webster, NY warehouse space for lease.
      657 Ridge Rd, Webster, NY 14580
      View Details
    • Contact for pricing
      9,452 SF

      Baytowne Square Retail Space

      Webster, NY: Prime Retail Storefront
      1855 Empire Blvd, Webster, NY 14580
      View Details
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    1970 Empire Blvd
    Webster, NY 14580-1904
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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.

    More about this property
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