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Property profile & analytics
FOR LEASE
Strip malls
300 Hylan Dr, Rochester, NY 14623
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US63-2527355
For Lease
1 / 2
$10,780,000
300 Hylan Dr, Rochester, NY 14623
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1991
Total area
127,539 SF
Lot
11.61 ac (505,717 SF)
Zoning code
06 - INDUSTRIAL
APN
263200 161.12-1-7.1
UPID
US63-2527355
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Jared (Bike/Boat/Book/etc) Store
-
Virtual Manager (Bike/Boat/Book/etc) Store Corporate Office
-
Hairzoo Hair Salon
-
Rochester College Storage Storage Facility
-
Vision Communication Teamwork Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.98M
Blend (final)
Blend
$10.78M
Owner & transaction history
Real Mckeever LLC · 20 yrs held
Real Mckeever LLC
since 2005
5 recorded transactions
Zoning & alternative use
06 - INDUSTRIAL · Rochester, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$16.2M
+83.6%
Auto repair, garage
$13.6M
+54.3%
Commercial (general)
$12.1M
+37.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Rochester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rochester submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$8,815,000
Current use
RESTAURANT
$16,190,000
Change: +84% · Conversion: Difficult
AUTO REPAIR, GARAGE
$13,605,000
Change: +54% · Conversion: Difficult
COMMERCIAL (GENERAL)
$12,095,000
Change: +37% · Conversion: Easy
OFFICE BUILDING
$11,350,000
Change: +29% · Conversion: Moderate
Blend value · Realmo final
$10.78M
Range $9.70M – $11.86M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$85 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$10,200,000
Assessed 2023
Previous assessed
$10,200,000
+0.0% YoY
Assessed land
$1,280,000
Assessed improvement
$8,920,000
Land market value
$1,280,000
Improvement market value
$8,920,000
Total market value
$10,200,000
Applied tax rate
265,001.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1991
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
127,539 SF
Lot
11.61 ac (505,717 SF)
Zoning code
06 - INDUSTRIAL
APN
263200 161.12-1-7.1
UPID
US63-2527355
Jurisdiction
MONROE
Zoning & alternative use
06 - INDUSTRIAL · Rochester, NY
Zoning 06 - INDUSTRIAL · permitted uses
06 - INDUSTRIAL · Rochester, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rochester. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$8.8M
RESTAURANT
Est. value
$16.2M
AUTO REPAIR, GARAGE
Est. value
$13.6M
COMMERCIAL (GENERAL)
Est. value
$12.1M
OFFICE BUILDING
Est. value
$11.4M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1991
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
11.61 ac
Current owner
From public records · entity-resolved
Real Mckeever LLC
Entity
Mailing address
1000 HYLAN DR, ROCHESTER, NY 14623-4218
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2005
—
Real Mckeever LLC
Scutti,fedele V
Quit Claim Deed
related
$1,335,123 · Ubs Real Estate Investment INC
—
—
Real Mckeever LLC
—
Loan Modification, Consolidation And Extension
related
$41,400,000 · Mc-five Mile Com'l Mtg Fin
—
—
L & S LLC
—
Deed Of Trust
related
$5,688,300 · Charter One Bank
—
—
L & S LLC
—
Deed Of Trust
related
$5,485,700 · Charter One Bank
—
—
Fedele V Scutti
—
Deed Of Trust
related
$4,548,993 · Charter One Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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