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    293 Patriot Way Rochester, NY 14624
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    Property profile & analytics

    293 Patriot Way Rochester, NY 14624

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    • Manufacturing properties
    • 40,674 SF
    • 2.93 lot acres
    For Sale
    $3,300,000
    View Listing →
    Rochester Industrial Investment Opportunity For Sale
    $3,300,000
    43,750 SF

    Rochester Industrial Investment Opportunity

    Fully leased manufacturing facility near major transportation routes.

    293 Patriot Way, Rochester, NY 14624
    View Listing
    Property ID
    US63-3470692
    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

    • Kaddis Manufacturing Corporation / Industrial Manufacturer

    Property Details for 293 Patriot Way

    Year built
    1969
    Lot size
    2.93 lot acres
    Property size
    40,674 SF
    Zone code
    06 - INDUSTRIAL
    Property type
    Manufacturing properties
    APN
    262200 147.02-1-6
    APU
    2622001470216

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,000,000
      ML approach
      $2,000,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,607,000
      Market price range: $717k - $2.07M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,455,000
      Current use
      COMMERCIAL (GENERAL)
      $3,270,000
      Change: +125% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $2,810,000
      Change: +93% Conversion: Difficult
      WAREHOUSE, STORAGE
      $2,045,000
      Change: +40% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.674
    Latitude
    43.1119
    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
    $264,400
    $1,144,800
    $1,409,200
    -
    $330,500
    $1,431,000
    $1,761,500

    Comparable in this City

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      56,773 SF

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      MANUFACTURING (LIGHT) • 56,773 SF
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      View Details
    • Value Estimation
      $1,070,000
      53,660 SF

      100 Aviation Ave

      MANUFACTURING (LIGHT) • 53,660 SF
      100 Aviation Ave, Rochester, NY 14624-4776
      View Details
    • Value Estimation
      $1,955,000
      156,610 SF

      9 Coldwater Cres

      MANUFACTURING (LIGHT) • 156,610 SF
      9 Coldwater Cres, Rochester, NY 14624-2512
      View Details
    • Value Estimation
      $9,860,000
      348,895 SF

      Elmgrove Rd

      MANUFACTURING (LIGHT) • 348,895 SF
      Elmgrove Rd, Rochester, NY 14624
      View Details
    • Value Estimation by Request
      500,000 SF

      119 Shepard Rd

      Flex space • 500,000 SF
      119 Shepard Rd, Rochester, NY 14624
      View Details
    • Value Estimation
      $3,850,000
      134,965 SF

      1300 Scottsville Rd

      MANUFACTURING (LIGHT) • 134,965 SF
      1300 Scottsville Rd, Rochester, NY 14624-5128
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      43,750 SF

      Rochester Industrial Investment Opportunity

      Fully leased manufacturing facility near major transportation routes.
      293 Patriot Way, Rochester, NY 14624
      View Details
    • Contact for pricing
      7,584 SF

      Former Train Station Restaurant/Bar

      Converted train station with a fully equipped kitchen and parking.
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      View Details
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      Pending

      Industrial Property Available For Sale

      Industrial property with 52778 square feet available for sale.
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      View Details
    • $18,796,000
      25,032 SF

      Rochester Retail Property For Sale

      Retail property available for sale in Rochester, New York.
      1208 Scottsville Rd, Rochester, NY 14624
      View Details
    • $269,900
      2,032 SF

      Side-by-Side Duplex in Ogden

      Meticulously maintained duplex in Churchville-Chili School District.
      18 Allandale Dr, Rochester, NY 14624
      View Details

    Similar Nearby for Lease

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      30,000 SF

      Manufacturing and Warehouse Facility

      Manufacturing and warehouse/distribution facility in a campus-type setting.
      465 Paul Rd, Rochester, NY 14624
      View Details
    • Contact for pricing

      Flex Office Warehouse Near Airport

      Flex office and warehouse space available near Rochester Airport.
      400 Airpark Dr, Rochester, NY 14624
      View Details
    • Contact for pricing

      Office and Warehouse Space Available

      First and second story office and warehouse space for rent.
      1260 Scottsville Rd, Rochester, NY 14624
      View Details
    • Contact for pricing
      27,220 SF

      Industrial Property in Gates, NY

      78,000 SF industrial property with office and cleanroom space.
      595 Trabold Rd, Rochester, NY 14624
      View Details
    • Contact for pricing
      6,000 SF

      Warehouse with Renovated Office Space

      6,000 sq ft warehouse with 1,692 sq ft office.
      52 Marway Cir, Gates, NY 14624
      View Details
    View Listing
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    Rochester, NY 14624
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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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