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Property profile & analytics
OFF-MARKET
Office buildings

376 Lexington Ave 386 Rochester, NY 14613-7099

5,564 SF 0.23 ac lot Built 1950
Entity Owned 7-yr Hold Free & Clear
Property ID
US63-2507433
Property summary
AI-generated overview

This exceptional executive office suite at 376 Lexington Avenue in Rochester, New York, presents a compelling investment opportunity. Boasting 4,160 square feet of well-maintained space, this property is situated on a sizable 12,400 square foot lot. Built in 1970, the building offers a strong net operating income (NOI) of $56,215, translating to an attractive 6.95% capitalization rate. The asking price for this turnkey investment is $809,000. Located in Monroe County, New York, with the address 376 Lexington Ave, Rochester, NY 14613, this property is ideally positioned within the vibrant Rochester business community. The property's executive office subtype suggests a high-quality build and potential for premium rental income. The substantial lot size offers potential for future expansion or redevelopment, adding further value to this already attractive investment. This is a rare opportunity to acquire a well-performing office building with a strong cap rate in a desirable location. The property's financial performance and location make it an ideal addition to any investment portfolio. Serious inquiries are encouraged.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1950
Total area 5,564 SF
Lot 0.23 ac (10,000 SF)
APN 261400 105.26-1-3
UPID US63-2507433
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • United States Postal Service Shipping And Mailing Service Post Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Postal Building & Leasing Co · 7 yrs held
Postal Building & Leasing Co
since 2019
6 recorded transactions
2019
Price N/A
2019
$245,000
2016
Price N/A
2010
$315,000
2010
$272,064
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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