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Property profile & analytics
FOR LEASE
Strip malls
3170 Chili Ave, Rochester, NY 14624
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US63-5847714
For Lease
1 / 2
$2,680,000
3170 Chili Ave, Rochester, NY 14624
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1974
Total area
114,775 SF
Lot
10.76 ac (468,706 SF)
Zoning code
05 - COMMERCIAL
APN
262200 146.10-1-1.1
UPID
US63-5847714
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
-
RRH Urgent Care Medical Clinic
-
Pet Supplies Plus Chili (Bike/Boat/Book/etc) Store Pet Store & Service
-
Five Below (Bike/Boat/Book/etc) Store
-
ALDI Specialty Food Shop Supermarket
-
Pet Supplies Plus Grooming Pet Grooming Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.68M
Owner & transaction history
Chili Mzl LLC · 15 yrs held
Chili Mzl LLC
since 2011
7 recorded transactions
Zoning & alternative use
05 - COMMERCIAL · Rochester, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$23 / 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
$5,000,000
Assessed 2023
Previous assessed
$5,000,000
+0.0% YoY
Assessed land
$1,113,500
Assessed improvement
$3,886,500
Land market value
$1,391,875
Improvement market value
$4,858,125
Total market value
$6,250,000
Applied tax rate
264,801.0000
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
1974
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
114,775 SF
Lot
10.76 ac (468,706 SF)
Zoning code
05 - COMMERCIAL
APN
262200 146.10-1-1.1
UPID
US63-5847714
Jurisdiction
MONROE
Zoning & alternative use
05 - COMMERCIAL · Rochester, NY
Zoning 05 - COMMERCIAL · permitted uses
05 - COMMERCIAL · 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.
Building & site characteristics
From public records
Year built
1974
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
10.76 ac
Current owner
From public records · entity-resolved
Chili Mzl LLC
Entity
Mailing address
254 W 31ST ST FL #4, NEW YORK, NY 10001-2813
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2023
—
Chili Mzl LLC
—
Deed
related
$1,500,000 · Ion Bank
Jun 6, 2019
—
Chili Mzl LLC
—
Deed
related
$3,487,346 · Keybank USA
Apr 19, 2011
$6,600,000
Chili Mzl LLC
Bg Chili LLC
Grant Deed
related
$4,300,000 · Newalliance Bank
May 4, 2004
$189,624
Bg Chili LLC
Benderson Dev Co INC
Grant Deed
—
—
—
Chili Mzl LLC
—
Deed Of Trust
related
$3,421,351 · Keybank USA
—
—
Chili Mzl LLC
—
Loan Modification
related
$3,487,346 · Keybank USA
—
—
Chili Mzl LLC
—
Loan Modification
related
$4,126,013 · First Niagara 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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