Property profile

370 Rdg Rd Rochester, NY 14621

OFF-MARKET
Medical Office Space
Property ID
US63-6185848
32,520 SF 2.8 ac lot Built 2005
Entity Owned 20-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

Constructed in 2005, the property is located within a prominent retail corridor approximately 10 miles north of downtown Rochester and less than two miles from Rochester General Hospital (flagship, 528-bed facility). It is leased under a triple-net (NNN) structure, with the tenant responsible for operating expenses and select capital expenditures, and the lease is guaranteed by Rochester General Hospital, Inc. Rochester Regional Health has been reported to hold a BBB+ credit rating from S&P. The building is positioned to serve a concentrated residential and institutional area, with a reported population of 313,859 within a 5-mile radius. The property’s use and configuration support continued tenant occupancy under existing agreements, with potential for re-tenanting or repurposing if services were to be relocated in the future.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL CLINIC
Year built 2005
Total area 32,520 SF
Lot 2.8 ac (121,968 SF)
Zoning code 05 - COMMERCIAL
APN 263400 091.06-5-37.1
UPID US63-6185848

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
  • Physician Medical Clinic
  • Physician
  • Physician
  • Physician
  • Physician

Location

370 Rdg Rd Rochester, NY 14621-1240
Rochester metro Census 10400 ROCHESTER, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$1.39M

Owner & transaction history

since 2005
4 recorded transactions
2016
Price N/A
2005
$544,500
2005
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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