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    2831 Henrietta Rd Rochester, NY 14623-2331
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    Property profile & analytics

    2831 Henrietta Rd, Rochester, NY 14623-2331

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    • Investment properties
    • 4,345 SF
    • 0.40 lot acres
    Off-Market
    Property ID
    US63-6040787
    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

    • Gold 4 Cash / Diamond Buyer / Jewelry Store
    • Tsingtao House / Restaurant
    • High Def Jewelry / (Bike/Boat/Book/etc) Store
    • Grillz / (Bike/Boat/Book/etc) Store
    • LibertyX Bitcoin ATM / Atm

    Property Details for 2831 Henrietta Rd

    Year built
    1949
    Lot size
    0.40 lot acres
    Zone code
    05 - COMMERCIAL
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    262000 148.20-2-38
    APU
    26200014820238

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 3, 2016 $400,000 Ddny Properties LLC Tharmaratnam Velayutham Warranty Deed —
    Oct 3, 2011 $165,000 A-j Urbon INC Tharmaratnam,velayutham Warranty Deed —
    Dec 9, 2003 $500,000 Discover Properties LLC L & M Distributors Warranty Deed · related $400k · Benton B III Kendig
    — — Velayutham,tharmaratnam — Deed Of Trust · related $188k · First Niagara Bk

    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
    -77.633
    Latitude
    43.0952
    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
    $121,200
    $250,600
    $371,800
    -
    $173,129
    $357,971
    $531,100

    Comparable in this City

    • Value Estimation
      $1,800,000
      17,390 SF

      2595 Brighton Henrietta Town Line Rd

      STORE/OFFICE (MIXED USE)
      2595 Brighton Henrietta Town Line Rd, Rochester, NY 14623-2788
      View Details
    • Value Estimation by Request
      1,236 SF

      2535 Brighton Henrietta Town Line Rd

      STORE/OFFICE (MIXED USE)
      2535 Brighton Henrietta Town Line Rd, Rochester, NY 14623-2711
      View Details
    • Value Estimation
      $2,040,000
      20,375 SF

      Squire Dr

      STORE/OFFICE (MIXED USE)
      Squire Dr, Rochester, NY 14623
      View Details
    • Value Estimation
      $840,000
      17,666 SF

      1465 Jefferson Rd

      STORE/OFFICE (MIXED USE)
      1465 Jefferson Rd, Rochester, NY 14623-3149
      View Details
    • Value Estimation
      $1,220,000
      17,595 SF

      2852 Henrietta Rd

      STORE/OFFICE (MIXED USE)
      2852 Henrietta Rd, Rochester, NY 14623-2351
      View Details
    • Value Estimation
      $650,000
      6,000 SF

      1379 Brighton Henrietta Town Line Rd

      STORE/OFFICE (MIXED USE)
      1379 Brighton Henrietta Town Line Rd, Rochester, NY 14623-2408
      View Details

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    • $269,900
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      Jefferson Road Land Parcel Opportunity

      1.4 acre land parcel near Rochester Institute of Technology.
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      27,105 SF

      Prime Office Space Near I-390

      Office suites available near I-390, Rochester.
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      112,948 SF

      West Henrietta Road Flex Space

      Large flex space with showroom and warehouse/office areas.
      3737 W Henrietta Rd, Rochester, NY 14623
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    Similar Nearby for Lease

    • Contact for pricing
      3,197 SF

      Retail Space on Henrietta Road

      Retail property available for lease with 3197 square feet.
      3679 W Henrietta Rd, Rochester, NY 14623
      View Details
    • Contact for pricing
      2,243 SF

      Class A Medical/Retail Endcap Unit

      2,243 SF end-cap unit in Henrietta, NY for lease.
      2685 E Henrietta Rd, Henrietta, NY 14623
      View Details
    • Contact for pricing
      14,000 SF

      Rochester Flex Space Near Airport

      Flex space available for rent near airport and retail.
      200 Town Centre Dr, Rochester, NY 14623
      View Details
    • Contact for pricing

      132 Acres Zoned Flex/Office/Residential

      132 acres for construction, zoned flex/office/residential.
      2980-3180 Brighton Henrietta Town Line Rd, Rochester, NY 14623
      View Details
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    Rochester, NY 14623-2331
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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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