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Property profile & analytics
FOR LEASE
Office buildings
200 Airpark Dr, Rochester, NY 14624
Individually Owned
21-yr Hold
Absentee Owner
Free & Clear
Property ID
US63-2963843
For Lease
$9 SF/Yr
200 Airpark Dr, Rochester, NY 14624
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Property summary
AI-generated overview
This Rochester, NY property at 200 Airpark Drive offers 2,400 square feet of versatile space ideal for a variety of uses. The building, classified as Class B, features a blend of creative office and traditional office space, along with warehouse and manufacturing areas. The single-story structure boasts 12-13 foot ceilings and includes approximately 1200 square feet of office space and 1300 square feet of warehouse/manufacturing space. Access is convenient, with one drive-in door (8' x 9') and easy access to I-390 and the Rochester Airport. The property is zoned for General Business and includes signage opportunities above the front door. Parking is available at a ratio of 3 spaces per 1000 square feet. The entire building comprises 23,705 square feet, divided into six suites, with a minimum divisible space of 2,400 square feet. There are no elevators. The property is located near Scottsville Road and has a convenient location in Rochester, NY, zip code 14624.
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1998
Total area
24,000 SF
Lot
8.77 ac (382,021 SF)
Zoning code
05 - COMMERCIAL
APN
262200 135.03-1-15.121
UPID
US63-2963843
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
-
G.E.M. Food Brokers, Inc Food Broker
-
James J. Caezza, RPh Pharmacy
-
Upstate HomeCare Home Health Care Service Medical Equipment Supplier
-
Metro Transportation Inc Freight Service Logistics Company
-
Business Technology Professionals (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.24M
Blend (final)
Blend
$2.32M
Owner & transaction history
Davpart Rochester · 21 yrs held
Davpart Rochester
since 2004
2 recorded transactions
Zoning & alternative use
05 - COMMERCIAL · Rochester, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.0M
+53.6%
Auto repair, garage
$2.6M
+29.0%
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
OFFICE BUILDING
$1,985,000
Current use
RESTAURANT
$3,045,000
Change: +54% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,560,000
Change: +29% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,930,000
Change: -3% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,660,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$2.32M
Range $2.09M – $2.55M · ±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
$97 / 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
$1,891,600
Assessed 2023
Previous assessed
$1,891,600
+0.0% YoY
Assessed land
$548,700
Assessed improvement
$1,342,900
Land market value
$685,875
Improvement market value
$1,678,625
Total market value
$2,364,500
Applied tax rate
265,601.0000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
For Lease
Year built
1998
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
24,000 SF
Lot
8.77 ac (382,021 SF)
Zoning code
05 - COMMERCIAL
APN
262200 135.03-1-15.121
UPID
US63-2963843
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
OFFICE BUILDING Current
Est. value
$2.0M
RESTAURANT
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1998
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
8.77 ac
Current owner
From public records · entity-resolved
Davpart Rochester
Individual
Free & Clear · 21 yrs held
Mailing address
4576 YONGE ST STE 700TH XX
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2024
—
Davpart Rochester LP
—
Deed
related
$1,193,976 · Symetra Life Insurance Co
Jul 15, 2004
$10,000,000
Davpart Rochester
Eap LLC
Warranty Deed
—
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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