Property profile

3101 Rdg Rd Bldg B Greece, NY 14626

OFF-MARKET
Office buildings
Property ID
US63-4316949
4,787 SF 0.43 ac lot Built 1982
Entity Owned 13-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 8,500 square foot office building, located at 3101 W Ridge Rd in Greece, NY, presents a prime investment opportunity for owner-users. The property, built in 1981, is a Class B, two-story building situated on a 0.76-acre lot. The asking price is $600,000, translating to $70.59 per square foot. The building offers versatile space suitable for creative, medical, or traditional office uses. Approximately 4,000 square feet on the second floor is move-in ready, while the first floor presents potential for income generation or owner-occupancy. The property boasts a history of medical tenants and benefits from significant existing infrastructure, including 35+ parking spaces and various security measures. Further enhancing its value, the building features a generator and a roof replaced in 2017. The property is zoned 05 and is being offered for sale by owner. This is a rare opportunity to acquire a well-maintained, strategically located office building with significant upside potential. The property's prominent Ridge Road location ensures high visibility and accessibility. Serious inquiries are encouraged to explore this exceptional offering.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1982
Total area 4,787 SF
Lot 0.43 ac (18,731 SF)
Zoning code 05 - COMMERCIAL
APN 262800 074.13-3-24.2
UPID US63-4316949

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Insurance Agency
  • Pediatrician Medical Clinic
  • Physician
  • Physician

Location

3101 Rdg Rd Bldg B Greece, NY 14626-3249
Greece metro Census 14103 ROCHESTER, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

Zoning & alternative use

05 - COMMERCIAL · Greece, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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