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    2450 W Ridge Rd Rochester, NY 14626
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    2450 W Ridge Rd Rochester, NY 14626

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    • Medical Office Space
    • 22,624 SF
    For Sale
    $1,700,000
    View Listing →
    West Ridge Road Investment Opportunity For Sale
    $1,700,000
    22,624 SF

    West Ridge Road Investment Opportunity

    22,624 SF mixed-use property in primary retail area.

    2450 W Ridge Rd, Rochester, NY 14626
    View Listing
    Property ID
    US63-1379823
    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

    • Padgett Business Services / Accounting Firm / Tax Preparation
    • Edward J. Leichtner / Law Firm / Child Welfare Organization
    • Kenneth Gallant Attorney / Law Firm / Financial Advisor
    • Michelle L Sexstone Licensed Realtor / Real Estate Agency
    • Sterling Sharon PHD / Physician / Medical Clinic

    Property Details for 2450 W Ridge Rd

    Property size
    22,624 SF
    Property type
    Medical Office Space
    Property subtype
    Mixed-use properties

    Description

    2450 West Ridge Road is a 22,624 square foot investment offering that is currently 82.4% occupied. Situated in the heart of the West Ridge Road corridor, immediately across the street from the 1.6 million square foot Mall at Greece Ridge, the property features a mix of professional office, medical office, and service/retail tenants. The property offers in place cash flow with upside potential, or the opportunity to redevelop a 2.1 acre parcel in one of the market‘s primary retail trade areas.

    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
    -77.6932265
    Latitude
    43.210051

    Comparable in this City

    • Contact for pricing
      3,450 SF

      Versatile Commercial Building on Ridge

      Adaptable commercial space suitable for medical, retail, or hospitality.
      2236 W Ridge Rd, Rochester, NY 14626
      View Details
    • Contact for pricing
      4,000 SF

      Office or Medical Space Available

      Office or medical space with easy highway and hospital access.
      121 Erie Canal Dr, Rochester, NY 14626
      View Details
    • $499,000

      Medical Office Building For Sale

      Well-maintained medical office building in Greece, NY, ideal for owner-occupant.
      2640 Ridgeway Ave, Rochester, NY 14626
      View Details
    • $800,000
      3,750 SF

      Ridge Road Office Building

      Move-in ready office building with income potential on Ridge Road.
      3101 W Ridge Rd, Rochester, NY 14626
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,450 SF

      Versatile Commercial Building on Ridge

      Adaptable commercial space suitable for medical, retail, or hospitality.
      2236 W Ridge Rd, Rochester, NY 14626
      View Details
    • $499,000

      Medical Office Building For Sale

      Well-maintained medical office building in Greece, NY, ideal for owner-occupant.
      2640 Ridgeway Ave, Rochester, NY 14626
      View Details
    • $800,000
      3,750 SF

      Ridge Road Office Building

      Move-in ready office building with income potential on Ridge Road.
      3101 W Ridge Rd, Rochester, NY 14626
      View Details
    • $800,000
      8,500 SF

      Move-In Ready Office Building

      Office building with income potential and ample parking.
      3101 W Ridge Rd, Rochester, NY 14626
      View Details

    Similar Nearby for Lease

    • $350 /Mo
      20,346 SF

      Rochester Commercial Property Near Expressway

      Commercial property with easy access to 390 in Rochester, NY.
      722 Weiland Rd, Rochester, NY 14626
      View Details
    • $1,000 /Mo
      20,346 SF

      Rochester Commercial Property For Lease

      Commercial property in prime location with easy access and many amenities.
      722 Weiland Rd, Rochester, NY 14626
      View Details
    • Contact for pricing
      18,500 SF

      New Office Space in Greece

      Newly constructed Class A office space for lease in Rochester.
      130 Canal Landing Blvd, Rochester, NY 14626
      View Details
    • Contact for pricing
      13,500 SF

      New Medical/Office Space Available

      13,500 SF build-to-suit space on West Ridge Road.
      2723 W Ridge Rd, Rochester, NY 14626
      View Details
    • Contact for pricing
      31,500 SF

      Professional/Medical Office Building For Rent

      31,500 SF professional/medical office building with suites available.
      120 Erie Canal Dr, Rochester, NY 14626
      View Details
    View Listing
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    Rochester, NY 14626
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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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