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Property profile & analytics
FOR LEASE
Strip malls
2199 E Henrietta Rd, Rochester, NY 14623
Individually Owned
3-yr Hold
Free & Clear
Property ID
US63-1050787
For Lease
1 / 4
$5,540,000
2199 E Henrietta Rd, Rochester, NY 14623
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1958
Total area
68,976 SF
Lot
11.66 ac (507,935 SF)
Zoning code
05 - COMMERCIAL
APN
263200 162.18-2-1.005
UPID
US63-1050787
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
-
Family Dollar Toy Store Clothing Store
-
Bottle & Can Retrieval Center Recycling Center
-
LibertyX Bitcoin ATM Atm
-
Grace Accupuncture Medical Clinic Alternative Medicine Practice
-
AutoZone Auto Parts Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.50M
Blend (final)
Blend
$5.54M
Owner & transaction history
Bell Atlantic Mobile Systems Of All · 3 yrs held
Bell Atlantic Mobile Systems Of All
since 2023
Last sale
$7.5M
7 recorded transactions
Zoning & alternative use
05 - COMMERCIAL · Rochester, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.8M
+83.6%
Auto repair, garage
$7.4M
+54.3%
Commercial (general)
$6.5M
+37.2%
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
NEIGHBORHOOD: SHOPPING CENTER
$4,770,000
Current use
RESTAURANT
$8,755,000
Change: +84% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,355,000
Change: +54% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,540,000
Change: +37% · Conversion: Easy
OFFICE BUILDING
$6,135,000
Change: +29% · Conversion: Moderate
Blend value · Realmo final
$5.54M
Range $4.99M – $6.09M · ±10% · vs last sale $7.50M (Jun 18 2025)
Last sale anchor
$7.50M
Jun 18 2025
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
$80 / 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
$5,532,000
Assessed 2023
Previous assessed
$5,532,000
+0.0% YoY
Assessed land
$547,500
Assessed improvement
$4,984,500
Land market value
$547,500
Improvement market value
$4,984,500
Total market value
$5,532,000
Applied tax rate
265,001.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1958
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
68,976 SF
Lot
11.66 ac (507,935 SF)
Zoning code
05 - COMMERCIAL
APN
263200 162.18-2-1.005
UPID
US63-1050787
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$4.8M
RESTAURANT
Est. value
$8.8M
AUTO REPAIR, GARAGE
Est. value
$7.4M
COMMERCIAL (GENERAL)
Est. value
$6.5M
OFFICE BUILDING
Est. value
$6.1M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1958
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
11.66 ac
Current owner
From public records · entity-resolved
Bell Atlantic Mobile Systems Of All
Individual
Free & Clear · 3 yrs held
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2023
—
Bell Atlantic Mobile Systems Of All
Frontier Center LLC
Assignment Of Lease (leasehold Sale)
—
Nov 22, 2021
$400,000
Richard Chiarenza
Frontier Center LLC
Warranty Deed
—
Nov 22, 2021
—
Frontier Car Wash LLC
Joel Chiarenza
Warranty Deed
—
Jun 3, 2020
$450,000
Gcph Reo Henrietta LLC
Frontier Center LLC
Bargain And Sale Deed
$337,500 · Genesee Regional Bank
May 1, 2013
$3,000,000
Frontier Center LLC
Suburban Plaza LLC
Warranty Deed
$1,698,472 · M & T Bank
Apr 20, 2011
$425,000
Ever FCU
Suburban Plaza LLC
Warranty Deed
related
—
Oct 29, 2010
$2,900,000
Suburban Plaza LLC
S-p Associates LP
Grant Deed
$2,025,000 · S-p Associates LP
—
—
Frontier Center LLC
—
Loan Modification
related
$4,100,000 · M&t Bk
—
—
Frontier Center LLC
—
Loan Modification
related
$3,000,000 · M & T Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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