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

    2177 Henrietta Rd Rochester, NY 14623-4517

    • Drive through restaurants
    • 1,535 SF
    • 0.38 lot acres
    OFF-MARKET
    Last Sale
    Sep 01, 2021
    $1,394,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-6106882
    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

    • Pizza Hut / Take-out & Catering

    Property Details for 2177 Henrietta Rd

    Year built
    1988
    Lot size
    0.38 lot acres
    Property size
    1,535 SF
    Zone code
    05 - COMMERCIAL
    Property type
    Drive through restaurants
    APN
    263200 162.18-2-1.004
    APU
    2632001621821004

    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
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.6085
    Latitude
    43.0734
    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
    $76,000
    $1,318,000
    $1,394,000
    -
    $76,000
    $1,318,000
    $1,394,000

    Comparable in this City

    • Value Estimation by Request
      6,400 SF

      400 Jefferson Rd

      Restaurants • 6,400 SF
      400 Jefferson Rd, Rochester, NY 14623
      View Details
    • Value Estimation by Request
      2,921 SF

      1580 Jefferson Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,921 SF
      1580 Jefferson Rd, Rochester, NY 14623-3110
      View Details
    • Value Estimation by Request
      1,334 SF

      2095 Henrietta Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,334 SF
      2095 Henrietta Rd, Rochester, NY 14623-3922
      View Details
    • Value Estimation by Request
      1,864 SF

      2820 Henrietta Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,864 SF
      2820 Henrietta Rd, Rochester, NY 14623-2332
      View Details
    • Value Estimation by Request
      2,513 SF

      950 Jefferson Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,513 SF
      950 Jefferson Rd, Rochester, NY 14623-3214
      View Details
    • Value Estimation by Request
      1,344 SF

      2190 Henrietta Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,344 SF
      2190 Henrietta Rd, Rochester, NY 14623-4518
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,500 SF

      Established Restaurant with Long-Term Lease

      Profitable restaurant property with a brand new 15-year lease.
      245 Clay Rd, Rochester, NY 14623
      View Details
    • Contact for pricing
      11.92 Acres

      Henrietta Theater Redevelopment

      75,800 SF prime retail redevelopment.
      525 Marketplace Dr, Rochester, NY 14623
      View Details
    • $1,300,000
      11,490 SF

      Jefferson Rd Rochester Retail Space

      Prime Rochester location, 11,490 sq ft, $1.3M
      1225 Jefferson Rd, Rochester, NY 14623
      View Details
    • $4,784,000
      4,600 SF

      Brand New Panera Bread, Rochester, NY

      High-yield NNN Panera Bread investment.
      811 Jefferson Rd, Rochester, NY 14623
      View Details
    • $10,000,000
      55,000 SF

      Rochester Retail Investment Opportunity

      Sportsman's Warehouse, 55,000 SF, 8.25% Cap Rate
      1200 Miracle Mile Dr, Rochester, NY 14623
      View Details
    • Contact for pricing
      112,948 SF

      West Henrietta Road Flex Space

      Large flex space with showroom and warehouse/office areas.
      3737 W Henrietta Rd, Rochester, NY 14623
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,400 SF

      Jefferson Road Retail Pads

      Prime Rochester Retail Opportunity: Two Drive-Thru Pads
      400 Jefferson Rd, Rochester, NY 14623
      View Details
    • Contact for pricing
      16,734 SF

      Prime Retail Redevelopment Opportunity

      Redevelopment site for QSR tenants in Rochester's largest retail corridor.
      600 Jefferson Rd, Rochester, NY 14623
      View Details
    • Contact for pricing
      155,035 SF

      Winton Place: Retail & Office Space

      Prime Mixed-Use Center, 4 Suites Available
      3450 Winton Pl, Rochester, NY 14623
      View Details
    • Contact for pricing
      291,698 SF

      Jay Scutti Plaza Retail Spaces

      Prime Henrietta retail spaces available.
      1000 Hylan Dr, Rochester, NY 14623
      View Details
    • $15 SF/Yr
      145,000 SF

      Retail/Office Space Near RIT Campus

      Endcap and inline spaces for lease near Rochester Institute Technology.
      205 Jefferson Rd, Rochester, NY 14623
      View Details
    • Contact for pricing
      12,180 SF

      Prime Retail Space Available

      Retail space with high visibility and accessibility near Wegmans.
      2199 E Henrietta Rd, Rochester, NY 14623
      View Details

    Property Visit Statistics

    • Visits by month
      4.4k
    • Visitors by month
      3.9k
    • Avg Time on site
      10 min
    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.
    2177 Henrietta Rd
    Rochester, NY 14623-4517
    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.