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    Property profile & analytics

    2235 Buffalo Rd Rochester, NY 14624-1509

    • Turn key restaurants
    • 3,923 SF
    • 1.33 lot acres
    OFF-MARKET
    Value Estimations
    $265,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-6087439
    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

    • Pixley's / Diner / American Restaurant

    Property Details for 2235 Buffalo Rd

    Year built
    1979
    Lot size
    1.33 lot acres
    Property size
    3,923 SF
    Zone code
    05 - COMMERCIAL
    Property type
    Turn key restaurants
    APN
    262600 119.13-1-3.12
    APU
    262600119131312

    Description

    This established Rochester, NY diner, Pixley's, presents a unique investment opportunity. The 4,500 square foot restaurant, formerly a Denny's, boasts a loyal customer base and impressive annual gross revenue of $750,000, operating only for breakfast and lunch. Situated on one acre of land with ample parking (50+ spaces), this single-tenant property enjoys a high-traffic location (12,000+ ADT) adjacent to a bustling plaza anchored by a Tops Supermarket and other popular restaurants. The diner features 135 seats and a spacious kitchen/prep area, offering potential for expansion into dinner service or catering operations. Its prime location near a cinema complex further enhances its appeal. The business is available for sale, but a ground lease option is also being considered. All reasonable offers will be reviewed. This is a rare chance to acquire a profitable, well-established business in a high-demand area of Monroe County, New York. The property's strong performance and strategic location make it an attractive investment for both business owners and real estate investors. The existing infrastructure and loyal customer base provide a solid foundation for continued success and growth.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $260,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $306,000
      Market price range: $220k - $474k

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.7106
    Latitude
    43.1467
    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
    $174,800
    $335,400
    $510,200
    -
    $210,603
    $404,097
    $614,700

    Comparable in this City

    • Value Estimation
      $260,000
      3,364 SF

      2987 Buffalo Rd

      RESTAURANT • 3,364 SF
      2987 Buffalo Rd, Rochester, NY 14624-2415
      View Details
    • Value Estimation
      $245,000
      7,584 SF

      607 Coldwater Rd

      RESTAURANT • 7,584 SF
      607 Coldwater Rd, Rochester, NY 14624-2434
      View Details
    • Value Estimation
      $850,000
      4,530 SF

      2200 Buffalo Rd

      RESTAURANT • 4,530 SF
      2200 Buffalo Rd, Rochester, NY 14624-1510
      View Details
    • Value Estimation
      $250,000
      2,781 SF

      1508 Buffalo Rd

      RESTAURANT • 2,781 SF
      1508 Buffalo Rd, Rochester, NY 14624-1828
      View Details
    • Value Estimation
      $455,000
      8,040 SF

      730 Elmgrove Rd

      RESTAURANT • 8,040 SF
      730 Elmgrove Rd, Rochester, NY 14624-1318
      View Details
    • Value Estimation
      $235,000
      5,297 SF

      2120 Chili Ave

      RESTAURANT • 5,297 SF
      2120 Chili Ave, Rochester, NY 14624-3452
      View Details

    Similar Nearby for Sale

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      Rochester Retail Property For Sale

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      Paved Parking Lot For Sale

      4.36-acre paved and striped parking lot with installed lighting.
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    Similar Nearby for Lease

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    • $38 SF/Yr
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      Retail Space with Drive-Thru Potential

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      View Details
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      Retail space in Walmart-anchored center, Rochester, NY.
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    • Contact for pricing
      4,399 SF

      Retail Space Near Interstate 490

      Retail space with ample parking and multiple entrance points.
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      View Details
    • $9 SF/Yr
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      Rochester Mixed-Use Complex For Rent

      Office, retail, and flex spaces available in Rochester, New York.
      1280 Scottsville Rd, Rochester, NY 14624
      View Details
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    2235 Buffalo Rd
    Rochester, NY 14624-1509
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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.

    More about this property
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