Property profile

2800 Spencerport Rd Spencerport, NY 14559

FOR LEASE
Office buildings
Property ID
US63-5369834
10,516 SF 2.34 ac lot Built 2006
Entity Owned 16-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Class A medical office building, situated at 2800 Spencerport Rd, Spencerport, NY 14559, presents a unique investment opportunity. The 10,516 square foot, two-story building, constructed in 2006, boasts a prime location at the border of the Village of Spencerport, offering convenient access and high visibility. Currently, there are two available suites on the main floor, ideal for immediate occupancy: a 2,150 square foot dental suite and a 3,108 square foot dental lab. The building sits on 2.34 acres of land, offering ample parking and is located on the waterfront, adjacent to the canal. The property features a sprinkler system and is zoned for Restricted Business use, allowing for a variety of medical, office, and retail uses (see attached permitted uses for details). The asking price is $1,500,000, with lease rates of $12.00 per square foot. Operating expenses are approximately $3.75 per square foot, inclusive of real estate taxes. The building is a single-tenant property with 5,258 square feet currently vacant. Utilities are provided by Village Electric. This property is perfect for an owner-occupant or an investor seeking a strong return in a desirable location. The property's APN is 087.14-2-2.12. The cross street is Gillett Rd. There are no elevators.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2006
Total area 10,516 SF
Lot 2.34 ac (101,930 SF)
Zoning code RB
APN 263889 087.14-2-2.12
UPID US63-5369834

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Construction Company General Contractor
  • Medical Clinic
  • Dental Office
  • Physician
  • Physician

Location

2800 Spencerport Rd Spencerport, NY 14559
Spencerport metro Census 14901 ROCHESTER, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

Zoning & alternative use

RB · Spencerport, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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