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3441 W Henrietta Rd Rochester, NY 14623

Office buildings Google Maps
107,085 SF 14.91 ac lot Built 1960
Entity Owned 4-yr Hold Free & Clear
Estimated value (blended)
$3.66M
Range $3.29M – $4.03M (±10%)
Property ID US63-6041776

Property summary

AI-generated overview

This exceptional 114,205-square-foot industrial property, situated on a substantial 14.91-acre lot in Rochester, New York, presents a compelling investment opportunity. The Class B building features a single story, with a flexible layout encompassing approximately 64,000 square feet of industrial space and 50,000 square feet of office space. The property boasts two loading docks and two dock-high doors, enhancing operational efficiency. Ample parking is available with an estimated 550 spaces, complemented by a secure 5.2-acre yard/storage area offering significant additional capacity. Two covered storage areas totaling 17,275 square feet and a 4,000-square-foot pole barn provide further storage solutions. The property benefits from a signalized site access and enjoys a prime location near Marketplace Mall and the University of Rochester Medical Center's new orthopedic campus. The current lease expires in November 2024, opening up possibilities for various uses, including redevelopment. The property's zoning is industrial, allowing for a wide range of potential applications. This is a rare opportunity to acquire a large-scale industrial property in a thriving Rochester submarket. The property's size, amenities, and strategic location make it an ideal choice for businesses seeking expansion or relocation.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1960
Total area 107,085 SF
Lot 14.91 ac (649,480 SF)
Zoning code 05 - COMMERCIAL
APN 263200 161.11-1-2
UPID US63-6041776

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.69M
CAP Approach CAP
by Request
Comparable Approach Comparable
$6.07M
Blend (final) Blend
$3.66M

Owner & transaction history

since 2021
Last sale
$5.7M
4 recorded transactions
2021
$5.7M
2004
$5.6M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

05 - COMMERCIAL · Rochester, 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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More about this property
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