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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    360 Mount Read Blvd Rochester, NY 14611

    • Motels
    • 7,451 SF
    • 0.79 lot acres
    For Sale
    View listing
    $2,300,000
    Last Sale
    Apr 25, 2022
    $1,385,000
    Value Estimations
    Cap Rate Potential
    3.4%
    Motels
    Location Intelligence
    Property ID
    US63-1620440
    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.

    Current Use by Public Records

    • 490 motel / Motel

    Property Details for 360 Mount Read Blvd

    Year built
    1945
    Lot size
    0.79 lot acres
    Property size
    7,451 SF
    Zone code
    11
    Property type
    Motels
    APN
    261400 105.78-2-51.001
    APU
    26140010578251001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,260,000
      ML approach
      $1,285,000

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $765,000
      Current use
      RESTAURANT
      $945,000
      Change: +23% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $795,000
      Change: +4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.6588
    Latitude
    43.1581
    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
    $50,500
    $314,000
    $364,500
    -
    $60,843
    $378,314
    $439,157

    Comparable in this City

    • Value Estimation
      $3,830,000
      71,571 SF

      1000 Genesee St

      HOTEL • 71,571 SF
      1000 Genesee St, Rochester, NY 14611-4106
      View Details
    • Value Estimation
      $205,000
      0.04 Acres

      3 Edgewood Park

      PARKING LOT • 0.04 Acres
      3 Edgewood Park, Rochester, NY 14611
      View Details
    • Value Estimation by Request
      5.46 Acres

      140 Elmwood Ave

      VACANT COMMERCIAL LAND • 5.46 Acres
      140 Elmwood Ave, Rochester, NY 14611-4120
      View Details
    • Value Estimation
      $215,000
      2.50 Acres

      709 Buffalo Rd

      PARKING LOT • 2.50 Acres
      709 Buffalo Rd, Rochester, NY 14611
      View Details
    • Value Estimation
      $235,000
      0.31 Acres

      862 Campbell St

      PARKING LOT • 0.31 Acres
      862 Campbell St, Rochester, NY 14611
      View Details
    • Value Estimation
      $230,000
      1.16 Acres

      701 Ww Ave

      PARKING LOT • 1.16 Acres
      701 Ww Ave, Rochester, NY 14611
      View Details

    Similar Nearby for Sale

    • $2,300,000
      14,902 SF

      Established Motel with 28 Rooms

      28-room motel on a high-visibility corner lot for sale.
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    • $200,000

      Genesee Street Retail Opportunity

      Retail store and restaurant near University of Rochester for sale.
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      Cash-flowing duplex in Rochester's Historic Maplewood District.
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      Rochester Duplex Ready For Occupancy

      Vacant duplex in Rochester, ready for immediate occupancy.
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    • $124,900

      Rochester Duplex with Rental Income

      Two-unit property with one vacant unit and rental income.
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    Similar Nearby for Lease

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      263,045 SF

      Prime Executive Office Space in Monroe County

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    • $8 SF/Yr
      3,000 SF

      Industrial Flex Space Available

      Industrial flex space suitable for contractors or light manufacturing.
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    • $200 SF/Yr

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      Five single offices available with shared kitchen and bathrooms.
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    • Contact for pricing
      360,000 SF

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      Spacious Rochester Office Building - Single Tenant, High Visibility
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    • $6 SF/Yr
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      Flex Space in Simcona Park

      Flex space with office and warehouse in Simcona Industrial Park.
      295 Mount Read Blvd, Rochester, NY 14611
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    • $7,900 /Mo

      Industrial Space with Loading Docks

      15,000 sq ft industrial space for rent.
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    360 Mount Read Blvd
    Rochester, NY 14611
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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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