Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    214 Commercial St Medina, NY 14103-1206

    • Industrial properties
    • 5,610 SF
    • 0.44 lot acres
    OFF-MARKET
    Last Sale
    Sep 24, 2024
    $430,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2438172
    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

    • Industrial properties

    Property Details for 214 Commercial St

    Year built
    1977
    Lot size
    0.44 lot acres
    Property size
    5,610 SF
    Zone code
    05 - COMMERCIAL
    Property type
    Industrial properties
    APN
    343401 79.8-1-18
    APU
    343401798118

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Medina
    County
    Orleans
    State
    New York
    Longitude
    -78.3912
    Latitude
    43.225
    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
    2020
    $6,123
    $2,700
    $46,200
    $48,900
    -
    $2,700
    $46,200
    $48,900

    Comparable in this City

    • Value Estimation by Request
      66.61 Acres

      Bates Rd

      INDUSTRIAL (GENERAL) • 66.61 Acres
      Bates Rd, Medina, NY 14103
      View Details
    • Value Estimation by Request
      3,880 SF

      305 Ctr St

      LUMBERYARD, BUILDING MATERIALS • 3,880 SF
      305 Ctr St, Medina, NY 14103-1659
      View Details
    • Value Estimation by Request
      46,311 SF

      214 Commercial St

      LUMBERYARD, BUILDING MATERIALS • 46,311 SF
      214 Commercial St, Medina, NY 14103-1206
      View Details
    • Value Estimation by Request
      9,296 SF

      Park Ave

      MANUFACTURING (LIGHT) • 9,296 SF
      Park Ave, Medina, NY 14103
      View Details
    • Value Estimation by Request
      11,900 SF

      11697 Sanderson Rd

      TRUCK TERMINAL (MOTOR FREIGHT) • 11,900 SF
      11697 Sanderson Rd, Medina, NY 14103-9764
      View Details
    • Value Estimation
      $700,000
      25,040 SF

      3956 Allis Rd

      DISTRIBUTION WAREHOUSE • 25,040 SF
      3956 Allis Rd, Medina, NY 14103-9652
      View Details

    Similar Nearby for Sale

    • $165,000
      2,209 SF

      Medina Retail Investment Opportunity

      High-Cap Rate Retail Property in Medina, NY
      306 Center St, Medina, NY 14103
      View Details
    • Contact for pricing
      11,900 SF

      Medina NY Truck Terminal

      11,900 SF Industrial Space - Vacant
      11697 Sanderson Rd, Medina, NY 14103
      View Details
    • $50,000
      18,000 SF

      Historical Medina Commercial Property For Sale

      Historical 18,000 sqft commercial building in Medina, NY awaiting revitalization.
      613 Main St, Medina, NY 14103
      View Details
    • Contact for pricing
      1.01 Acres

      Wooded Lot in Medina, NY

      1-acre wooded lot in Medina, NY, for residential or recreational
      Brown Ave, Medina, NY 14103
      View Details
    • $299,999
      7,202 SF

      Sprawling Lot in Shelby

      Nearly six acres of natural beauty with creek and frontage.
      4529 Mill St, Medina, NY 14103
      View Details
    • $34,900
      1,712 SF

      Two-Unit Property in Medina, NY

      Two-unit property in village, walking distance to downtown Medina.
      125 Starr St, Medina, NY 14103
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr
      11,900 SF

      Medina NY Truck Terminal

      12,000+ SF Warehouse, Excellent Location
      11697 Sanderson Rd, Medina, NY 14103
      View Details
    • $6 SF/Yr
      32,000 SF

      Prime Medina Warehouse - 32,000 SF

      Class A warehouse, ideal for distribution.
      1 Bernz O Matic Dr, Medina, NY 14103
      View Details
    • $6 SF/Yr
      147,000 SF

      Class A Warehouse: 32,000 SF Available

      Prime Industrial Space; Immediate Occupancy
      1 Bernz O Matic Dr, Medina, NY 14103
      View Details
    • $750 /Mo
      475 SF

      Main Street Retail/Office Space

      Prime 475 sq ft commercial space in Medina, NY.
      339 N Main St, Medina, NY 14103
      View Details
    • $750 /Mo
      555 SF

      Office Space in Historic Building

      Second floor office space for rent in Medina, New York.
      534 Main St, Medina, NY 14103
      View Details
    • $12 SF/Yr
      65,515 SF

      Medina Retail Center Opportunity

      Prime Retail Space Available in Medina, NY
      11200 Maple Ridge Rd, Medina, NY 14103
      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.
    214 Commercial St
    Medina, NY 14103-1206
    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

    Google sign-in failed. Please try again or use another login method.