Add Listing
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

    2989 Spangle St Canandaigua, NY 14424-9546

    • Agricultural properties
    • 45.00 lot acres
    OFF-MARKET
    Last Sale
    Dec 30, 2020
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2537546
    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

    • Agricultural properties

    Property Details for 2989 Spangle St

    Lot size
    45.00 lot acres
    Zone code
    AG
    Property type
    Agricultural properties
    APN
    323400 86.00-1-17.200
    APU
    3234008600117200

    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
    Canandaigua
    County
    Ontario
    State
    New York
    Longitude
    -77.1555
    Latitude
    42.888
    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
    $140,000
    $75,000
    $215,000
    -
    $170,732
    $91,463
    $262,195

    Comparable in this City

    • Value Estimation by Request
      0.01 Acres

      Morrow Hl Rd

      BULK STORAGE, TANKS • 0.01 Acres
      Morrow Hl Rd, Canandaigua, NY 14424
      View Details
    • Value Estimation by Request
      0.24 Acres

      249-R Ontario St

      INDUSTRIAL - VACANT LAND • 0.24 Acres
      249-R Ontario St, Canandaigua, NY 14424
      View Details
    • Value Estimation by Request
      19.40 Acres

      Parkside Dr

      VACANT COMMERCIAL LAND • 19.40 Acres
      Parkside Dr, Canandaigua, NY 14424
      View Details
    • Value Estimation by Request
      14.90 Acres

      1965 State Rte 332

      VACANT COMMERCIAL LAND • 14.90 Acres
      1965 State Rte 332, Canandaigua, NY 14424-8205
      View Details
    • Value Estimation by Request
      0.59 Acres

      3601 State Rte 364

      WASTE DISPOSAL, SEWAGE • 0.59 Acres
      3601 State Rte 364, Canandaigua, NY 14424
      View Details
    • Value Estimation by Request
      18.90 Acres

      3783 State Rte 5th And 20

      VACANT COMMERCIAL LAND • 18.90 Acres
      3783 State Rte 5th And 20, Canandaigua, NY 14424-9528
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,200 SF

      Transportation Hub with Fenced Yard

      Warehouse with large yard, overhead doors, and office space.
      3854 State Route 5 And 20, Canandaigua, NY 14424
      View Details
    • $699,000
      6,208 SF

      Medical Office Building Near Hospital

      Two-story medical office building near UR Thompson Hospital.
      199 Parrish St, Canandaigua, NY 14424
      View Details
    • Contact for pricing

      Land Near Wegmans For Sale

      Land available near high-performing Wegmans in Canandaigua, New York.
      330 Eastern Blvd, Canandaigua, NY 14424
      View Details
    • $5,800,000
      Pending

      Canandaigua Lake Hospitality Investment Opportunity

      Multi-use venue on Canandaigua Lake in the Finger Lakes Region.
      800 S Main St, Canandaigua, NY 14424
      View Details
    • $500,000
      10,416 SF

      Historic Canandaigua Office Building

      Landmark Office Space, High Visibility, 10,416 sq ft
      20 Pleasant St, Canandaigua, NY 14424
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Mixed-Use Redevelopment in Finger Lakes

      Mixed-use redevelopment on Main Street, Canandaigua, opening Fall 2025-Spring 2026.
      32 N Main St, Canandaigua, NY 14424
      View Details
    • Contact for pricing
      5,434 SF

      Retail Space in Parkway Plaza

      Prime retail space in a high-traffic Canandaigua shopping center.
      39 Eastern Blvd, Canandaigua, NY 14424
      View Details
    • Contact for pricing
      30,000 SF

      Retail Space in Busy Corridor

      Shopping center space for lease on a busy retail corridor.
      4406 State Route 5 And 20, Canandaigua, NY 14424
      View Details
    • Contact for pricing
      1,523 SF

      Retail Space in Canandaigua, NY

      Retail space available for lease in Canandaigua, New York.
      3225 State Route 364, Canandaigua, NY 14424
      View Details
    • Contact for pricing

      Commercial Land with Retail Access

      Land with traffic light access and retail cross-easement.
      3211 County Road 10, Canandaigua, NY 14424
      View Details
    • Contact for pricing

      Class A Medical Office Space

      Medical office suites in Canandaigua, across from FF Thompson Hospital.
      195 Parrish St, Canandaigua, NY 14424
      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.
    2989 Spangle St
    Canandaigua, NY 14424-9546
    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.
    Sign Up Successful!
    You now have access to more from Realmo!