Property profile

376 Lexington Ave 386 Rochester, NY 14613

OFF-MARKET
Office buildings
Property ID
US63-2507433
5,564 SF 0.23 ac lot Built 1950
Entity Owned 7-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Post Office Logistics Service

Location

376 Lexington Ave, Unit 386 Rochester, NY 14613-7099
Rochester metro Census 2200 ROCHESTER, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$225k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$225k

Owner & transaction history

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

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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