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

    2950 Rdg Rd Rochester, NY 14626-1643

    • Retail space
    • 13,512 SF
    • 1.82 lot acres
    OFF-MARKET
    Value Estimations
    $535,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1404345
    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

    • Coverage Insurance NY / Insurance Agency
    • higi / Health Consultant
    • Miroslava Mandroshchuk / Pharmacy
    • Rite Aid Pharmacy / Pharmacy

    Property Details for 2950 Rdg Rd

    Year built
    2008
    Lot size
    1.82 lot acres
    Property size
    13,512 SF
    Zone code
    05 - COMMERCIAL
    Property type
    Retail space
    APN
    262800 074.13-1-29.1
    APU
    262800074131291

    Description

    This exceptional 13,665-square-foot retail space, located at 2950 W Ridge Rd in Rochester, New York, 14626, presents a significant opportunity for a discerning business owner. The property is a single-tenant building, currently vacant and ready for immediate occupancy. Its "general storefront/street retail" classification suggests high visibility and accessibility for customers. The building's substantial size offers ample space for a variety of retail concepts, allowing for flexible layout and design to suit individual business needs. Situated in Rochester, NY, the property benefits from established infrastructure and a readily available workforce. The address, 2950 W Ridge Rd, ensures convenient access for both employees and customers. Previous use as a Walgreens location indicates a history of successful retail operation at this address, suggesting strong potential for future success. This property is an ideal location for a business seeking high visibility and a large footprint in a well-established area. The building's size and location make it a compelling investment opportunity for those seeking to establish or expand their retail presence in the Rochester market. Interested parties are encouraged to explore the possibilities this property offers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $665,000
      Current use
      MEDICAL BUILDING
      $750,000
      Change: +13% Conversion: Difficult
      OFFICE BUILDING
      $605,000
      Change: -9% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.7072
    Latitude
    43.2113
    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
    $495,200
    $1,350,400
    $1,845,600
    -
    $575,814
    $1,570,233
    $2,146,047

    Comparable in this City

    • Value Estimation
      $575,000
      14,820 SF

      2558 Rdg Rd

      RETAIL STORES (PERSONAL SERVICES) • 14,820 SF
      2558 Rdg Rd, Rochester, NY 14626-3026
      View Details
    • Value Estimation by Request
      443,146 SF

      200 Elmridge Center Dr

      Power centers • 443,146 SF
      200 Elmridge Center Dr, Rochester, NY 14626
      View Details
    • Value Estimation by Request
      7,381 SF

      2648 Rdg Rd

      RETAIL STORES (PERSONAL SERVICES) • 7,381 SF
      2648 Rdg Rd, Rochester, NY 14626-3027
      View Details
    • Value Estimation by Request
      11,292 SF

      2321 Ridgeway Ave

      RETAIL STORES (PERSONAL SERVICES) • 11,292 SF
      2321 Ridgeway Ave, Rochester, NY 14626-4111
      View Details
    • Value Estimation by Request
      26,000 SF

      2496 Ridge Rd

      Individual retail properties • 26,000 SF
      2496 Ridge Rd, Rochester, NY 14626
      View Details
    • Value Estimation
      $3,850,000
      3,998 SF

      2443 Rdg Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,998 SF
      2443 Rdg Rd, Rochester, NY 14626-2912
      View Details

    Similar Nearby for Sale

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      Remodeled building with detached garage and ample parking.
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      West Ridge Road Investment Opportunity

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    • Contact for pricing
      1.49 Acres

      Rochester Residential Land

      1.49 Acres, Prime Development Site
      1041 Long Pond Rd, Rochester, NY 14626
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    • $550,000

      Commercial Land For Sale

      Commercial land available for sale.
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    Similar Nearby for Lease

    • $15 SF/Yr
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      Prime Rochester Medical Office Space

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      Retail spaces available in prime location near Greece Ridge.
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      Elm Ridge Shopping Center: Prime Retail Space

      Greece, NY: Retail spaces available.
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      Rochester Retail/Office Space Available

      Retail and office spaces for lease in Rochester, NY.
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    • $15 SF/Yr

      Commercial Space in RE/MAX Plaza

      Commercial space in a plaza with first-floor and rear entry.
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    • Contact for pricing
      10,205 SF

      Freestanding Retail Space Near Wegmans

      Retail space in high-traffic area near major retailers.
      2745 Ridge Rd, Rochester, NY 14626
      View Details
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    Rochester, NY 14626-1643
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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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