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    32 Buffalo St Churchville, NY 14428-9323
    Property profile & analytics

    32 Buffalo St Churchville, NY 14428-9323

    View on Map
    • Commercial land
    • 46,752 SF
    • 0.85 lot acres
    Off-Market
    Property ID
    US63-1307434
    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.
    Value Estimations
    $1,320,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 32 Buffalo St

    Year built
    1935
    Lot size
    0.85 lot acres
    Property size
    46,752 SF
    Zone code
    05 - COMMERCIAL
    Property type
    Commercial land
    APN
    264801 143.10-1-37.1
    APU
    264801143101371

    Description

    This exceptional new construction retail property, located at 32 Buffalo Street in Churchville, Monroe County, is ready for occupancy in November 2024. The three-story building boasts a total of 17,000 square feet, divided into eight individual retail suites. Currently, there is a total of 3,024 square feet of vacant space available, with individual suite sizes ranging from 1,259 square feet to the maximum available space. The building sits on a 0.96-acre lot and offers excellent visibility and accessibility. Its strategic location provides convenient access to Interstate 490, ensuring high traffic flow and exposure to a wide customer base. The modern design and new construction status guarantee a high-quality space for any retail business. Furthermore, the property benefits from the added advantage of nearby multi-family apartments in Churchville, creating a built-in customer base. This presents a unique opportunity for businesses seeking a thriving location with immediate access to a substantial residential population. The property is ideal for a variety of retail uses and offers a chance to establish a presence in a rapidly growing area. Contact us today to learn more about leasing opportunities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,656,000
      Market price range: $1.66M - $5.05M
      AI Estimate
      $1,534,000
      Market price range: $1.53M - $4.29M

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

    Location Insight

    • Map
    • Local Demand
    City
    Churchville
    County
    Monroe
    State
    New York
    Longitude
    -77.8809
    Latitude
    43.1049
    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
    $28,800
    $0.00
    $28,800
    -
    $31,600
    $0.00
    $31,600

    Comparable in this City

    • Value Estimation by Request
      63.26 Acres

      939 Fairbanks Rd

      VACANT COMMERCIAL LAND • 63.26 Acres
      939 Fairbanks Rd, Churchville, NY 14428
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    • Value Estimation by Request
      4.71 Acres

      5 Howard Ave

      VACANT COMMERCIAL LAND • 4.71 Acres
      5 Howard Ave, Churchville, NY 14428-8008
      View Details
    • Value Estimation by Request
      4.60 Acres

      7134 Buffalo Rd

      VACANT COMMERCIAL LAND • 4.60 Acres
      7134 Buffalo Rd, Churchville, NY 14428-9574
      View Details
    • Value Estimation by Request
      18.00 Acres

      54 Sanford N Rd

      VACANT COMMERCIAL LAND • 18.00 Acres
      54 Sanford N Rd, Churchville, NY 14428-9503
      View Details
    • Value Estimation by Request
      0.85 Acres

      32 Buffalo St

      VACANT COMMERCIAL LAND • 0.85 Acres
      32 Buffalo St, Churchville, NY 14428-9323
      View Details
    • Value Estimation by Request
      12.94 Acres

      430 Sanford S Rd

      VACANT COMMERCIAL LAND • 11,600 SF
      430 Sanford S Rd, Churchville, NY 14428-9579
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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    • $1,200,000

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      Development site with high visibility near I-490 and NYS Thruway.
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      5 Acre Commercial Land Parcel

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    Similar Nearby for Lease

    • $1,500 /Mo
      12,400 SF

      New Commercial Units Available

      New commercial, warehouse, office, and light-industrial spaces for lease.
      30 King Rd, Churchville, NY 14428
      View Details
    • $7 SF/Yr
      60,000 SF

      Industrial Space Near Route 490

      60,000 SF industrial space with loading docks near highway.
      456 Sanford Rd N, Churchville, NY 14428
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    • Contact for pricing

      New Retail Spaces For Lease

      New retail spaces available in Churchville, NY.
      32 E Buffalo St, Churchville, NY 14428
      View Details
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    32 Buffalo St
    Churchville, NY 14428-9323
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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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