Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    285 Ormond St Rochester, NY 14605-3024

    • Specialty properties
    • 17,406 SF
    • 0.70 lot acres
    OFF-MARKET
    Value Estimations
    $620,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-6077165
    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

    • House of Mercy / Charitable Organization / Volunteer Organization
    • Bucc's Picks / Training Center
    • Sylla Marketing Solutions Inc / Advertising Agency / Marketing & Advertising

    Property Details for 285 Ormond St

    Year built
    1950
    Lot size
    0.70 lot acres
    Property size
    17,406 SF
    Property type
    Specialty properties
    APN
    261400 106.64-1-38.002
    APU
    26140010664138002

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
      $695,000
      Current use
      MEDICAL BUILDING
      $965,000
      Change: +39% Conversion: Difficult
      RETAIL STORES
      $855,000
      Change: +23% Conversion: Difficult
      OFFICE BUILDING
      $725,000
      Change: +5% Conversion: Difficult
      WAREHOUSE, STORAGE
      $625,000
      Change: -10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.606
    Latitude
    43.1644
    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
    $23,500
    $1,048,500
    $1,072,000
    -
    $28,313
    $1,263,253
    $1,291,566

    Comparable in this City

    • Value Estimation by Request

      40 University Ave

      Coworking space
      40 University Ave, Rochester, NY 14605
      View Details
    • Value Estimation
      $885,000
      41,286 SF

      175 Ward St

      CHARITABLE ORGANIZATION • 41,286 SF
      175 Ward St, Rochester, NY 14605-1847
      View Details
    • Value Estimation
      $530,000
      15,075 SF

      53-57 Lewis St

      CHARITABLE ORGANIZATION • 15,075 SF
      53-57 Lewis St, Rochester, NY 14605
      View Details
    • Value Estimation by Request
      3,905 SF

      169 Saint Bridgets Dr

      CHARITABLE ORGANIZATION • 3,905 SF
      169 Saint Bridgets Dr, Rochester, NY 14605-1839
      View Details
    • Value Estimation by Request
      8,637 SF

      581 Joseph Ave

      CHARITABLE ORGANIZATION • 8,637 SF
      581 Joseph Ave, Rochester, NY 14605
      View Details
    • Value Estimation by Request
      0.05 Acres

      28 Hartford St

      PARKING LOT • 0.05 Acres
      28 Hartford St, Rochester, NY 14605
      View Details

    Similar Nearby for Sale

    • $2,200,000

      Established Auto Shop For Sale

      Profitable auto shop with additional income from church rental.
      236-238 Portland Ave, Rochester, NY 14605
      View Details
    • $79,900
      Pending

      Rochester Duplex Investment Opportunity

      Turnkey duplex in Marketview Heights, close to downtown Rochester.
      41 Woodward St, Rochester, NY 14605
      View Details
    • $2,500,000
      2,592 SF

      Corner Building with Restaurant Tenant

      Corner building with a restaurant tenant and apartment.
      804-806 N Clinton Ave, Rochester, NY 14605
      View Details
    • $95,000

      Multi-Family Property For Sale

      Multi-family property with two units, great for investors.
      43 Sullivan St, Rochester, NY 14605
      View Details
    • $99,900
      Pending

      Rochester Duplex Near Public Market

      Duplex with strong rental demand in up-and-coming Rochester corridor.
      101 Ontario St, Rochester, NY 14605
      View Details
    • $70,000

      Two-Unit Residential Income Property

      Two-unit property with rental income potential.
      29 Miller St, Rochester, NY 14605
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      3,600 SF

      40 University Ave Office Space

      Rochester, NY Office - 3600 sq ft
      40 University Ave, Rochester, NY 14605
      View Details
    • $4 SF/Yr
      15,320 SF

      Rochester Industrial Warehouse For Sale

      15,320 SF Warehouse, Excellent Location
      10 Woodward St, Rochester, NY 14605
      View Details
    • $449,900

      Prime Office Building Near Eastman

      Office building near East Ave, Eastman Theatre, restaurants.
      57 University Ave, Rochester, NY 14605
      View Details
    • Contact for pricing
      3,380 SF

      Redeveloped Retail Space in Rochester

      Mixed-use retail space with residential lofts and on-site parking.
      739 S Clinton Ave, Rochester, NY 14605
      View Details
    • $4 SF/Yr
      15,320 SF

      Industrial Space with Fenced Yard

      Freestanding industrial space with fenced yard and outside storage.
      10 Woodward St, Rochester, NY 14605
      View Details
    • $6 SF/Yr
      141,267 SF

      Historic Rochester Warehouse Space

      19th Century Factory, Flexible Space
      850 St Paul St, Rochester, NY 14605
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    285 Ormond St
    Rochester, NY 14605-3024
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.