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    2255 E Ridge Rd Irondequoit, NY 14622
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    Property profile & analytics

    2255 E Ridge Rd, Irondequoit, NY 14622

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    • Strip malls
    • 193,892 SF
    • 18.62 lot acres
    For Lease
    $2,590,000
    View Listing →
    Irondequoit Shopping Center For Rent For Lease
    $2,590,000
    58,012 SF

    Irondequoit Shopping Center For Rent

    225,185 SF shopping center in Irondequoit, New York.

    2255 E Ridge Rd, Irondequoit, NY
    View Listing
    Property ID
    US63-2607851
    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

    • Tin Pethan DDS / Dental Office
    • Pizza Hut / Take-out & Catering
    • Citizens / Bank / Loan Service
    • Liquor Warehouse / Specialty Food Shop / Wine and Liquor Store
    • Master Kim's Taekwondo Institute / Training Center / Sports School

    Property Details for 2255 E Ridge Rd

    Year built
    1980
    Lot size
    18.62 lot acres
    Zone code
    05 - COMMERCIAL
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    263400 077.18-4-25.1
    APU
    263400077184251

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 15, 2004 — Ddr Culver Ridge LLC Bg Culver Ridge LLC Grant Deed $28.1M · Nomura Credit & Capital INC
    Apr 30, 2004 — Bg Culver Ridge LLC Benderson R 1993-1 Trust Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.5586
    Latitude
    43.2032
    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
    $3,039,200
    $14,460,800
    $17,500,000
    -
    $3,039,200
    $14,460,800
    $17,500,000

    Comparable in this City

    • Value Estimation
      $1,100,000
      11,745 SF

      1780 Rdg Rd

      SHOPPING CENTER, STRIP CENTER
      1780 Rdg Rd, Rochester, NY 14622-2445
      View Details
    • Value Estimation
      $4,630,000
      42,165 SF

      1850 Rdg Rd

      REGIONAL SHOPPING CENTER, MALL
      1850 Rdg Rd, Rochester, NY 14622-2448
      View Details
    • Value Estimation
      $1,265,000
      109,896 SF

      300 Skyview Ctr Pkwy

      REGIONAL SHOPPING CENTER, MALL
      300 Skyview Ctr Pkwy, Rochester, NY 14622-2484
      View Details
    • Value Estimation
      $1,325,000
      113,441 SF

      250 Skyview Ctr Pkwy

      REGIONAL SHOPPING CENTER, MALL
      250 Skyview Ctr Pkwy, Rochester, NY 14622-2483
      View Details
    • Value Estimation
      $1,465,000
      124,000 SF

      500 Skyview Ctr Pkwy

      REGIONAL SHOPPING CENTER, MALL
      500 Skyview Ctr Pkwy, Rochester, NY 14622-2486
      View Details
    • Value Estimation
      $1,680,000
      144,517 SF

      350 Skyview Ctr Pkwy

      REGIONAL SHOPPING CENTER, MALL
      350 Skyview Ctr Pkwy, Rochester, NY 14622-2484
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Redevelopment Opportunity on Ridge

      Restaurant, retail, or office space in an ideal location.
      1780 East Ridge Rd, Rochester, NY 14622
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      14,805 SF

      Walgreens in Irondequoit, NY

      14,805 SF Walgreens on 1.44 AC for sale.
      2100 East Ridge Rd, Irondequoit, NY 14622
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    • $1,195,000

      Historical Religious Facility with Education Center

      Religious facility with education center, classrooms, offices, and parking.
      2889 Culver Rd, Irondequoit, NY 14622
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    • $1,195,000
      24,956 SF

      Irondequoit Religious Facility For Sale

      Religious facility with education center, classrooms, offices, and gym.
      2889 Culver Rd, Irondequoit, NY 14622
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,600 SF

      225,185 SF Rochester Shopping Center

      Located in a major Rochester suburb with high population density.
      2255 E Main St, Rochester, NY 14622
      View Details
    • Contact for pricing
      3,800 SF

      Irondequoit Shopping Center For Rent

      225,185 SF shopping center in Irondequoit, New York.
      2255 E Ridge Rd, Irondequoit, NY 14622
      View Details
    • Contact for pricing
      2,577 SF

      Retail Space on Ridge Road

      Retail space in the heart of the retail corridor.
      1802 E Ridge Rd, Rochester, NY 14622
      View Details
    • Contact for pricing
      2,600 SF

      Retail Space Near Route 104

      Retail space with high visibility and ample parking.
      1770 County Rd 241, Irondequoit, NY 14622
      View Details
    • Contact for pricing

      SkyView On The Ridge

      Mixed-use property with high visibility and competitive lease rates.
      Medley Centre Pkwy, Rochester, NY 14622
      View Details

    Property Visit Statistics

    • Visits by month
      3.5k
    • Visitors by month
      3.0k
    • Avg Time on site
      27 min
    View Listing
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    Irondequoit, NY 14622
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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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