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    Property profile & analytics

    250 Thruway Park Dr West Henrietta, NY 14586

    • Office buildings
    • 47,322 SF
    • 9.35 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-5050899
    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

    • FedEx Drop Box / Postal Service / Courier Service

    Property Details for 250 Thruway Park Dr

    Year built
    2014
    Lot size
    9.35 lot acres
    Property size
    47,322 SF
    Zone code
    06 - INDUSTRIAL
    Property type
    Office buildings
    APN
    263200 188.02-1-58.1
    APU
    263200188021581

    Description

    This exceptional 47,837-square-foot Class A office building, constructed in 2014 with an 11,000+ square-foot addition in 2017, is situated in the desirable Erie Station Business Park in West Henrietta, NY. The single-tenant property boasts a prime location with direct I-90 Thruway visibility, offering unparalleled access to the Greater Rochester market and I-390. The 9.35-acre lot features ample parking (7 spaces per 1,000 sq ft) and a tranquil setting adjacent to a pond. Inside, the building features a flexible layout combining open spaces and private offices, complemented by multiple restrooms and kitchenettes. High ceilings (16 feet) and 3-phase, 480-volt power cater to diverse needs, including flex, manufacturing, or industrial uses. Amenities include a fitness facility with private showers, an on-site kitchen previously used for catering services, and a patio overlooking the pond. A diesel-powered backup generator ensures reliable operation. The property is zoned Industrial and located in Monroe County's South Central submarket, near numerous retail and hospitality options. This is a rare opportunity to acquire a modern, well-appointed building in a highly convenient location. The building is currently vacant.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,036,000
      Market price range: $2.10M - $6.51M
      AI Estimate
      $2,214,000
      Market price range: $863k - $3.90M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $4,265,000
      Current use
      AUTO REPAIR, GARAGE
      $5,370,000
      Change: +26% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $3,415,000
      Change: -20% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    West Henrietta
    County
    Monroe
    State
    New York
    Longitude
    -77.678
    Latitude
    43.0441
    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
    $618,100
    $2,931,900
    $3,550,000
    -
    $618,100
    $2,931,900
    $3,550,000

    Comparable in this City

    • Value Estimation
      $2,535,000
      37,850 SF

      30 Becker Rd

      OFFICE BUILDING • 37,850 SF
      30 Becker Rd, West Henrietta, NY 14586-9212
      View Details
    • Value Estimation
      $2,950,000
      39,445 SF

      300 Lucius Gordon Dr

      OFFICE BUILDING • 39,445 SF
      300 Lucius Gordon Dr, West Henrietta, NY 14586-9686
      View Details
    • Value Estimation
      $1,680,000
      29,600 SF

      1 Riverton Way

      OFFICE BUILDING • 29,600 SF
      1 Riverton Way, West Henrietta, NY 14586-9754
      View Details
    • Value Estimation
      $17,890,000
      156,248 SF

      211 Bailey Rd

      PROFESSIONAL BUILDING • 156,248 SF
      211 Bailey Rd, West Henrietta, NY 14586-9728
      View Details
    • Value Estimation
      $2,625,000
      23,823 SF

      1020 John St

      OFFICE BUILDING • 23,823 SF
      1020 John St, West Henrietta, NY 14586-9757
      View Details
    • Value Estimation
      $2,100,000
      36,649 SF

      265 Thruway Park Dr

      OFFICE BUILDING • 36,649 SF
      265 Thruway Park Dr, West Henrietta, NY 14586-9759
      View Details

    Similar Nearby for Sale

    • $6,500,000
      72.67 Acres

      Prime West Henrietta Development Land

      72.67 Acres, Mixed-Use Zoning, $6.5M
      3860 River Rd, West Henrietta, NY 14586
      View Details
    • $1,200,000
      11.20 Acres

      11.2-Acre Industrial Land Parcel

      West Henrietta, NY: Prime Industrial Land
      3948 River Rd, West Henrietta, NY 14586
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      13,500 SF

      West Henrietta Office/Flex Space

      13,500 SF Office & Flex Space Available
      250 Lucius Gordon Dr, West Henrietta, NY 14586
      View Details
    • Contact for pricing
      10,450 SF

      West Henrietta Office Space

      10,450 SF office space in park setting.
      75 Thruway Park Dr, West Henrietta, NY 14586
      View Details
    • Contact for pricing
      50,000 SF

      Office/Flex Space Near I-90

      Up to 50,000 SF of flexible office/industrial space available.
      250 Thruway Park Dr, West Henrietta, NY 14586
      View Details
    • Contact for pricing

      Land at Signalized Intersection

      Land with high visibility and direct road access available for rent.
      4799 W Henrietta Rd, West Henrietta, NY 14586
      View Details
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    West Henrietta, NY 14586
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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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