3235 Chili Ave Rochester, NY 14624-5411
Entity Owned
2-yr Hold
Free & Clear
Estimated value (blended)
$995k
Range $896k – $1.09M (±10%)
Property ID
US63-3610201
Property summary
AI-generated overview
This exceptional 13.57-acre development in Chili, NY, presents a unique investment opportunity. Located at 3235 Chili Ave, near the intersection of Old Scottsville Road, this General Business (GB) zoned property offers multiple tenancy options within a vibrant retail corridor. The development, known as Chili Village Center, will encompass a mix of retail, office, and luxury apartments. Individual spaces range from 2,500 to 12,000 square feet, ideal for a variety of businesses. Retail pad sites with drive-through capabilities are also available. Benefit from high visibility and convenient access, situated less than 0.3 miles from Interstate 490 and just four miles from the Frederick Douglass Greater Rochester International Airport. The property's strategic location places it within close proximity to major retailers including Wegmans, Target, Aldi's, and Big Lots, ensuring high traffic and strong consumer presence. This new development is projected to become a highly sought-after destination in the Chili submarket of Rochester, Monroe County, NY, (Zip code 14624). The property is classified as Retail, Office, and Special Purpose, with a Traditional Office subtype.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1970
Total area
12,663 SF
Lot
4.79 ac (208,652 SF)
Zoning code
05 - COMMERCIAL
APN
262200 146.13-1-19.1
UPID
US63-3610201
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
-
Community Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$965k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$995k
Owner & transaction history
since 2023
Last sale
$950,000
1 recorded transaction
Zoning & alternative use
05 - COMMERCIAL · Rochester, NY
Top alternative use upside
Restaurant
$1.6M
+53.6%
Auto repair, garage
$1.4M
+29.0%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$995k
Value range
$896k – $1.09M
±10% around blend
Estimated value / SF
$79 / SF
Confidence
High
5 county-verified comps
Property data
75
Market benchmarks
67
Comparable evidence
50
$896k
blend $995k
$1.09M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
12,663 SF
Lot area
4.79 ac
Year built
1970
Stories
1
APN
262200 146.13-1-19.1
Assessed value
$1,062,000
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$819k
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.9 mi away · 11,700 SF
8.0 mi away · 9,650 SF
8.7 mi away · 9,904 SF
15.7 mi away · 9,072 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$995k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 150 sales
$83
-5%
County 205 sales
$90
-13%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $79/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+54%
vs current-use indication
Auto Repair, Garage
Office Building · current use
Commercial (general)
Neighborhood: Shopping Center
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
Not available
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$950k
Move the market yield to see immediate price impact.
Value / SF
$75
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$60k
$1.20M
$855k
$665k
$67k
$1.33M
$950k
$739k
$73k
$1.46M
$1.05M
$813k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$760k
2.4 mi · Dec 2025 · $65/SF
Property tax & assessments
Property tax & assessments
Assessed value
$1,062,000
Assessed 2023
Previous assessed
$1,418,000
-25.1% YoY
Assessed land
$309,900
Assessed improvement
$752,100
Land market value
$387,375
Improvement market value
$940,125
Total market value
$1,327,500
Applied tax rate
264,801.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1970
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
12,663 SF
Lot
4.79 ac (208,652 SF)
Zoning code
05 - COMMERCIAL
APN
262200 146.13-1-19.1
UPID
US63-3610201
Jurisdiction
MONROE
Zoning & alternative use
05 - COMMERCIAL · Rochester, NYZoning 05 - COMMERCIAL · permitted uses
05 - COMMERCIAL · Rochester, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1970
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
4.79 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
05 - COMMERCIAL
Jurisdiction
Rochester, NY
Recorded code
05 - COMMERCIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 05 - COMMERCIAL in Rochester, NY.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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