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    2194 Hudson Ave Rochester, NY 14617
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    Property profile & analytics

    2194 Hudson Ave, Rochester, NY 14617

    View on Map
    • Grocery and convenience stores
    • 22,158 SF
    • 4.10 lot acres
    For Sale
    $595,000
    View Listing →
    Retail Opportunity Near Aldi For Sale
    $595,000
    3,500 SF

    Retail Opportunity Near Aldi

    0.777 AC lot and 3,500 SF retail space available.

    2194 Hudson Ave, Rochester, NY 14617
    View Listing
    Property ID
    US63-5175335
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • ALDI / Specialty Food Shop / Supermarket
    • Near2Me Storage Units / Storage Facility
    • Near2Me Self Storage Units / Storage Facility

    Property Details for 2194 Hudson Ave

    Year built
    2014
    Lot size
    4.10 lot acres
    Zone code
    02 - SINGLE RESIDENCE
    Property type
    Grocery and convenience stores
    APN
    263400 076.15-6-44.1
    APU
    263400076156441

    Description

    This exceptional 3,500 square foot commercial property, located at 2194 Hudson Avenue in Irondequoit, New York, presents a unique investment opportunity. Situated on a 0.777-acre lot in Monroe County, this single-tenant retail space is currently vacant and ready for immediate occupancy. The property boasts high visibility and excellent access, ensuring a strong potential for customer traffic. Its strategic location offers significant advantages for businesses seeking exposure in a thriving community. The entire 3,500 square feet is available for lease, providing ample space for a variety of retail uses. The property's address is 2194 Hudson Ave, Rochester, NY 14617. This location offers easy access for customers and employees alike, contributing to its overall appeal. The property's classification as both retail and land provides flexibility for potential development or expansion. The property is conveniently located near Aldi, further enhancing its desirability and potential for success. This is an ideal opportunity for businesses looking to establish a strong presence in a high-traffic area of Irondequoit. The property's size and location make it suitable for a wide range of retail ventures. Interested parties are encouraged to explore the possibilities this prime commercial space offers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,090,000
      Current use
      RESTAURANT
      $1,800,000
      Change: +65% Conversion: Easy
      COMMERCIAL (GENERAL)
      $1,765,000
      Change: +62% Conversion: Easy
      MEDICAL BUILDING
      $1,230,000
      Change: +13% Conversion: Difficult
      OFFICE BUILDING
      $925,000
      Change: -15% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.5999
    Latitude
    43.2085
    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
    $895,000
    $2,980,000
    $3,875,000
    -
    $895,000
    $2,980,000
    $3,875,000

    Comparable in this City

    • Value Estimation
      $16,220,000
      102,337 SF

      525 Titus Ave

      GROCERY, SUPERMARKET
      525 Titus Ave, Rochester, NY 14617-3501
      View Details
    • Value Estimation by Request
      3,864 SF

      2121 Hudson Ave

      FINANCIAL BUILDING
      2121 Hudson Ave, Rochester, NY 14617-4346
      View Details
    • Value Estimation by Request
      5,584 SF

      2256 Hudson Ave

      FINANCIAL BUILDING
      2256 Hudson Ave, Rochester, NY 14617-3956
      View Details
    • Value Estimation by Request
      3,311 SF

      625 Titus Ave

      FINANCIAL BUILDING
      625 Titus Ave, Rochester, NY 14617-3918
      View Details
    • Value Estimation by Request
      2,200 SF

      2255 Hudson Ave

      FINANCIAL BUILDING
      2255 Hudson Ave, Rochester, NY 14617-3916
      View Details
    • Value Estimation
      $2,600,000
      14,142 SF

      400 Bakers Park

      SHOW ROOM, WAREHOUSE
      400 Bakers Park, Rochester, NY 14617-3984
      View Details

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      Prime Retail Space For Rent

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      3,500 SF

      Retail Opportunity Near Aldi

      0.777 AC lot and 3,500 SF retail space available.
      2194 Hudson Ave, Rochester, NY 14617
      View Details
    • Contact for pricing

      Prime Commercial Outparcel Opportunity

      0.65+/- acre outparcel, ideal for ground lease or build-to-suit.
      2194 Hudson Ave, Irondequoit, NY 14617
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    • $324,900
      Pending

      Converted Residential Building For Sale

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    Similar Nearby for Lease

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      10,000 SF

      Grocery Anchored Retail Center

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      Commercial Space Near Aldi

      3,500 sq ft commercial space for lease in Irondequoit.
      2194 Hudson Ave, Rochester, NY 14617
      View Details
    View Listing
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    Rochester, NY 14617
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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.

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