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    245 Smt Pt Dr Henrietta, NY 14467-9608
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    Property profile & analytics

    245 Smt Pt Dr, Henrietta, NY 14467-9608

    View on Map
    • Warehouses
    • 37,300 SF
    • 3.73 lot acres
    Off-Market
    Property ID
    US63-3128144
    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
    $2,945,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • CADimensions, Inc. / Vocational School / Training Center
    • Conoflow / Building Supply / Electrical Service
    • RD Weis / General Contractor / Renovation Specialist
    • Agricultural Consulting Services, Inc. / Corporate Office
    • Cellec Technologies / Industrial Manufacturer

    Property Details for 245 Smt Pt Dr

    Year built
    1992
    Lot size
    3.73 lot acres
    Zone code
    06 - INDUSTRIAL
    Property type
    Warehouses
    APN
    263200 175.03-1-52.1
    APU
    263200175031521

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 2, 2023 — Gallina Development Corp — Deed · related $1.4M · Nextier Bank NA
    — — Gallina Dev Corp — Deed Of Trust · related $531k · Five Star Bank
    — — Gallina Dev Corp — Loan Modification · related $2.1M · Five Star Bank
    — — Gallina Dev Corp — Deed Of Trust · related $924k · Five Star Bank
    — — Gallina Dev Corp — Deed Of Trust · related $905k · Five Star Bank

    Description

    This exceptional 37,300 square foot single-story building, situated on a 3.73-acre lot in Henrietta, New York, offers a unique blend of executive office and warehouse space. Currently, 4,890 square feet of versatile space is immediately available for lease within this multi-tenant property. The building boasts a 15-foot ceiling height, ideal for various business needs, and is equipped with robust 3-phase electrical service. Its strategic location at the intersection of West Henrietta Road (Route 15) and Lehigh Station Road provides unparalleled access to major transportation arteries, including Routes 390 and the I-90 (NYS Thruway). This prime location in Monroe County ensures easy commutes for employees and clients alike. The property's address is 245 Summit Point Dr, Henrietta, NY 14467. The building's classification as both office and industrial space makes it suitable for a wide range of businesses seeking a functional and conveniently located workspace. This is an exceptional opportunity to secure a prominent presence in a thriving business community. Contact us today to learn more about this outstanding property and its leasing options.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,480,000
      6.5%
      $3,210,000
      7%
      $2,980,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,414,000
      Market price range: $849k - $3.41M
      AI Estimate
      $2,212,000
      Market price range: $615k - $2.21M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,990,000
      Current use
      RESTAURANT
      $4,385,000
      Change: +120% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $4,235,000
      Change: +113% Conversion: Easy
      OFFICE BUILDING
      $3,360,000
      Change: +69% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,690,000
      Change: +35% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $2,600,000
      Change: +31% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Henrietta
    County
    Monroe
    State
    New York
    Longitude
    -77.6505
    Latitude
    43.0566
    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
    $387,400
    $1,857,600
    $2,245,000
    -
    $387,400
    $1,857,600
    $2,245,000

    Comparable in this City

    • Value Estimation
      $1,170,000
      15,307 SF

      1020 Lehigh Sta Rd

      WAREHOUSE, STORAGE
      1020 Lehigh Sta Rd, Henrietta, NY 14467-9369
      View Details
    • Value Estimation
      $1,975,000
      25,000 SF

      535 Smt Pt Dr

      WAREHOUSE, STORAGE
      535 Smt Pt Dr, Henrietta, NY 14467-9628
      View Details
    • Value Estimation
      $985,000
      12,500 SF

      230 Middle Rd

      WAREHOUSE, STORAGE
      230 Middle Rd, Henrietta, NY 14467-9312
      View Details
    • Value Estimation by Request
      14,820 SF

      530 Summit Point Dr

      Distribution properties
      530 Summit Point Dr, Henrietta, NY 14467
      View Details
    • Value Estimation
      $2,040,000
      25,802 SF

      250 Smt Pt Dr

      WAREHOUSE, STORAGE
      250 Smt Pt Dr, Henrietta, NY 14467-9607
      View Details
    • Value Estimation
      $2,370,000
      30,000 SF

      370 Smt Pt Dr

      WAREHOUSE, STORAGE
      370 Smt Pt Dr, Henrietta, NY 14467-9629
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Industrial Land Opportunity

      Infill development site with highway access in Henrietta, New York.
      337 Middle Rd, Henrietta, NY 14467
      View Details
    • Contact for pricing
      1.00 Acre

      Henrietta Land Parcel For Sale

      One-acre vacant lot in Henrietta, utilities available.
      E Henrietta Rd, Henrietta, NY 14467
      View Details
    • Contact for pricing

      Prime Henrietta Development Opportunity

      1.21-acre industrial land with high visibility and accessibility.
      337 Middle Rd, Henrietta, NY 14467
      View Details
    • $1,900,000
      Pending

      Henrietta Vacant Land Opportunity

      9.91 acres of vacant land in the heart of Henrietta.
      4058 E Henrietta Rd, Henrietta, NY 14467
      View Details
    • Contact for pricing
      2,422 SF

      Historic Cobblestone Office Building

      Historic office building in pristine condition with ample parking.
      4495 W Henrietta Rd, Henrietta, NY 14467
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      13,250 SF

      Henrietta Warehouse Space For Lease

      Warehouse space with ample parking, convenient highway access.
      999 Lehigh Station Rd, Henrietta, NY 14467
      View Details
    • Contact for pricing
      3,750 SF

      Adaptable Office/Warehouse Space Available

      Versatile 3,750 SF space customizable to tenant needs.
      205 Summit Point Dr, Henrietta, NY 14467
      View Details
    • Contact for pricing

      Henrietta Land For Lease

      1.5 acres of land available for lease in Henrietta, NY.
      230 Middle Rd, Henrietta, NY 14467
      View Details
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    Henrietta, NY 14467-9608
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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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