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Property profile & analytics
FOR LEASE
Strip malls
2200 Penfield Rd, Penfield, NY 14526
Entity Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-3819852
For Lease
1 / 2
$4,725,000
2200 Penfield Rd, Penfield, NY 14526
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1983
Total area
52,520 SF
Lot
8.89 ac (387,248 SF)
Zoning code
GB
APN
264200 140.01-1-3.1
UPID
US63-3819852
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
-
Penn Fair Primary Care Hospital
-
Little Caesars Pizza Restaurant
-
Dragon House Chinese Restaurant Restaurant
-
Sport Clips Haircuts of Penfield Hair Salon
-
Kira Kiriakidi, MD Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.08M
Blend (final)
Blend
$4.73M
Owner & transaction history
Penn Fair Plaza LLC · 17 yrs held
Penn Fair Plaza LLC
since 2009
7 recorded transactions
Zoning & alternative use
GB · Penfield, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.2M
+68.5%
Auto repair, garage
$6.0M
+62.7%
Commercial (general)
$5.5M
+49.0%
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 Penfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Penfield 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
$3,665,000
Current use
RESTAURANT
$6,175,000
Change: +69% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,960,000
Change: +63% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,460,000
Change: +49% · Conversion: Easy
OFFICE BUILDING
$4,735,000
Change: +29% · Conversion: Moderate
Blend value · Realmo final
$4.73M
Range $4.25M – $5.20M · ±10%
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
$90 / 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
$5,957,700
Assessed 2023
Previous assessed
$5,957,700
+0.0% YoY
Assessed land
$1,482,400
Assessed improvement
$4,475,300
Land market value
$1,577,027
Improvement market value
$4,760,973
Total market value
$6,338,000
Applied tax rate
264,201.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1983
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
52,520 SF
Lot
8.89 ac (387,248 SF)
Zoning code
GB
APN
264200 140.01-1-3.1
UPID
US63-3819852
Jurisdiction
MONROE
Zoning & alternative use
GB · Penfield, NY
Zoning GB · permitted uses
GB · Penfield, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Penfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.7M
RESTAURANT
Est. value
$6.2M
AUTO REPAIR, GARAGE
Est. value
$6.0M
COMMERCIAL (GENERAL)
Est. value
$5.5M
OFFICE BUILDING
Est. value
$4.7M
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
1983
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
8.89 ac
Current owner
From public records · entity-resolved
Penn Fair Plaza LLC
Entity
Mailing address
2465 W RDG RD, ROCHESTER, NY 14626-3046
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2021
—
Penn Fair Plaza LLC
—
Deed
related
$205,000 · The Canandaigua National Bank & Trust Co
Jun 19, 2020
—
Penn Fair Plaza LLC
—
Deed Of Trust
related
$3,297,600 · Canandaigua Nat'l Bk&tr
May 2, 2013
—
Penn Fair Plaza LLC
—
Loan Modification
related
$7,276,500 · Canandaigua National Bank
Mar 29, 2013
—
Penn Fair Plaza LLC
—
Deed Of Trust
related
$7,276,500 · Canandaigua National Bank
Feb 23, 2009
—
Penn Fair Plaza LLC
Comparato,anthony
Deed Of Trust
related
$1,718,560 · Canandaigua National Bank
—
—
Penn Fair Plaza LLC
—
Deed Of Trust
related
$2,643,287 · Canandaigua Nat'l Bk&tr
—
—
Penn Fair Plaza LLC
—
Deed Of Trust
related
$8,222,400 · Canandaigua Nat'l Bk&tr
—
—
Penn Fair Plaza LLC
—
Deed Of Trust
related
$3,297,600 · Canandaigua Nat'l Bk&tr
—
—
Penn Fair Plaza LLC
—
Deed Of Trust
related
$8,222,400 · Canandaigua Nat'l Bk&tr
—
—
Penn Fair Plaza LLC
—
Deed Of Trust
related
$6,500,000 · Canandaigua National 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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