Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2127 State Rte 104 Ontario, NY 14519-8933
    Back to Search
    Property profile & analytics

    2127 State Rte 104 Ontario, NY 14519-8933

    View on Map
    • Investment properties
    • 15,604 SF
    • 6.04 lot acres
    Off-Market
    Property ID
    US63-3638998
    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
    $1,320,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 2127 State Rte 104

    Year built
    1987
    Lot size
    6.04 lot acres
    Property size
    15,604 SF
    Zone code
    BT
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    543400 63117-10-492716
    APU
    5434006311710492716

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $824,000
      Market price range: $378k - $1.32M
      AI Estimate
      $1,202,000
      Market price range: $547k - $1.47M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,170,000
      INDUSTRIAL (GENERAL)
      $980,000
      RESTAURANT
      $960,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Ontario
    County
    Wayne
    State
    New York
    Longitude
    -77.2785
    Latitude
    43.2287
    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
    $153,400
    $822,500
    $975,900
    -
    $182,619
    $979,167
    $1,161,786

    Comparable in this City

    • Value Estimation by Request
      745 SF

      1220 State Rte 104

      STORE/OFFICE (MIXED USE) • 745 SF
      1220 State Rte 104, Ontario, NY 14519
      View Details
    • Value Estimation by Request
      5,400 SF

      245 David Pkwy

      STORE/OFFICE (MIXED USE) • 5,400 SF
      245 David Pkwy, Ontario, NY 14519-8955
      View Details
    • Value Estimation by Request
      11,125 SF

      6319 Lakeside Rd

      STORE/OFFICE (MIXED USE) • 11,125 SF
      6319 Lakeside Rd, Ontario, NY 14519-9352
      View Details
    • Value Estimation by Request
      2,400 SF

      1120 State Rte 104

      STORE/OFFICE (MIXED USE) • 2,400 SF
      1120 State Rte 104, Ontario, NY 14519-8919
      View Details
    • Value Estimation by Request
      3,504 SF

      1944 State Rte 104

      STORE/OFFICE (MIXED USE) • 3,504 SF
      1944 State Rte 104, Ontario, NY 14519-8895
      View Details
    • Value Estimation by Request
      9,216 SF

      6360 Dean Pkwy

      STORE/OFFICE (MIXED USE) • 9,216 SF
      6360 Dean Pkwy, Ontario, NY 14519-8970
      View Details

    Similar Nearby for Sale

    • $1,095,000
      8,892 SF

      New Industrial Building For Sale

      Recently constructed industrial building with flexible occupancy options.
      6298 Dean Pkwy, Ontario, NY 14519
      View Details
    • $44,900
      0.67 Acres

      Approved Building Lot in Ontario

      Residential land with utilities available in Ontario, NY.
      6478 Furnace Rd, Ontario, NY 14519
      View Details
    • $225,000

      Prime Industrial Land Available

      Industrial land parcel with utilities, dimensions TBD, additional acreage available.
      425A Timothy Ln, Ontario, NY 14519
      View Details
    • $1,069,900
      Pending

      New Industrial Building with Income

      Multi-tenant industrial building built in 2022 with flexible ownership.
      6298 Dean Pkwy, Ontario, NY 14519
      View Details

    Similar Nearby for Lease

    • $425,000
      1,872 SF

      Auto Sales Opportunity on Route 104

      Turnkey auto sales location for lease or sale.
      6260 Lincoln Rd, Ontario, NY 14519
      View Details
    • $265 SF/Yr
      100 SF

      Office Space with Utilities Included

      Office spaces for rent with utilities, Wi-Fi, and shared amenities.
      1652 State Route 104, Ontario, NY 14519
      View Details
    • Contact for pricing
      600 SF

      Retail Space in Ontario, NY

      600 SF retail space available for rent in Ontario, NY.
      1238 Ny-104, Ontario, NY 14519
      View Details
    • Contact for pricing
      3,050 SF

      Retail Space in Ontario, NY

      3,050 SF retail space available for rent.
      1250 Ny 104, Ontario, NY 14519
      View Details
    • $14 SF/Yr
      4,204 SF

      Dunkin' Anchored Retail Plaza

      Retail space available in a high-traffic plaza anchored by Dunkin'.
      1873 State Route 104, Ontario, NY 14519
      View Details
    • $3,501 /Mo

      Prime Retail Space on Knickerbocker

      Retail space in Ontario, NY, high traffic location.
      6355 Knickerbocker Rd, Ontario, NY 14519
      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.
    2127 State Rte 104
    Ontario, NY 14519-8933
    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
    2127 State Rte 104, Ontario, NY, 14519
    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!