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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2815 Monroe Ave Rochester, NY 14618-4100

    • Investment properties
    • 9,200 SF
    • 0.95 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-0155801
    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

    • Kumon Math and Reading Center of Pittsford / Training Center / Tutoring Service
    • Rashida Clarke, OD - Your Local Eye Doctor - Brighton / Physician
    • Venture Brokerage Group / Real Estate Agency
    • Helping Homes REI, LLC / Real Estate Agency
    • Royal Roofing LLC / Roofing Company / General Contractor

    Property Details for 2815 Monroe Ave

    Year built
    1971
    Lot size
    0.95 lot acres
    Property size
    9,200 SF
    Zone code
    05 - COMMERCIAL
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    262000 150.07-2-16
    APU
    26200015007216

    Description

    This exceptional 987-square-foot executive office suite is ideally situated at 2815 Monroe Avenue in Rochester, NY, directly across from Whole Foods. Benefit from high visibility and convenient access via a traffic signal. The property, renovated in 2018, is part of a two-story building within a commercially zoned area of the Brighton, Pittsford, Rochester submarket. The single-tenant space boasts a thoughtfully designed layout including four private offices, a reception area, a convenient mini-pantry/kitchen, and a private bathroom. The building offers an abundance of free parking with 200 spaces available. This prime location offers excellent visibility and accessibility, making it an ideal space for businesses seeking a professional and convenient office environment. The property is located near the intersection of Monroe Avenue and Clover Street, with easy access to major roadways and amenities. The address is 2815 Monroe Ave, Rochester, NY 14618.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.5496
    Latitude
    43.1116
    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
    $246,000
    $344,200
    $590,200
    -
    $351,411
    $491,689
    $843,100

    Comparable in this City

    • Value Estimation
      $790,000
      7,162 SF

      3100 Monroe Ave

      STORE/OFFICE (MIXED USE) • 7,162 SF
      3100 Monroe Ave, Rochester, NY 14618-4606
      View Details
    • Value Estimation by Request
      7,870 SF

      1738 Monroe Ave

      STORE/OFFICE (MIXED USE) • 7,870 SF
      1738 Monroe Ave, Rochester, NY 14618-1843
      View Details
    • Value Estimation by Request
      9,120 SF

      2210 Monroe Ave

      STORE/OFFICE (MIXED USE) • 9,120 SF
      2210 Monroe Ave, Rochester, NY 14618-2436
      View Details
    • Value Estimation
      $635,000
      14,902 SF

      2240 Monroe Ave

      STORE/OFFICE (MIXED USE) • 14,902 SF
      2240 Monroe Ave, Rochester, NY 14618-3001
      View Details
    • Value Estimation by Request
      4,480 SF

      2290 Monroe Ave

      STORE/OFFICE (MIXED USE) • 4,480 SF
      2290 Monroe Ave, Rochester, NY 14618-3028
      View Details
    • Value Estimation
      $1,260,000
      14,960 SF

      3200 Monroe Ave

      STORE/OFFICE (MIXED USE) • 14,960 SF
      3200 Monroe Ave, Rochester, NY 14618-4608
      View Details

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      Vacant Industrial Land For Sale

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    • $374,900

      Commercial Land Available

      Commercial land for sale.
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    • $900,000
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      Unique Retail Opportunity on Monroe

      Retail property with pickleball courts on bustling Monroe Avenue.
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    Similar Nearby for Lease

    • $600 /Mo
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      Prime Office Space Available

      Office space for rent in a busy Rochester location.
      3380 Monroe Ave, Rochester, NY 14618
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      Clinton Crossing Medical Office Space

      Prime Rochester medical office suites available.
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    • $600 /Mo
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      Updated Office Space in Brighton

      Updated office space with included utilities and amenities in Brighton.
      919 Winton Rd S, Rochester, NY 14618
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    • $450 /Mo
      12,984 SF

      Prime Rochester Office Space Available

      Office space for rent in a busy Rochester location.
      3380 Monroe Ave, Rochester, NY 14618
      View Details
    • $275 SF/Yr
      16,020 SF

      Updated Office Space in Brighton

      Updated offices with utilities included near the 590 expressway.
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    • $15 SF/Yr
      2,400 SF

      Brighton Office Suite for Lease

      2,400 SF office suite in desirable Brighton commercial corridor.
      37 Allens Creek Rd, Rochester, NY 14618
      View Details
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    2815 Monroe Ave
    Rochester, NY 14618-4100
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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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