Property profile

383 Park Ave Rochester, NY 14607

FOR LEASE
Office buildings
Property ID
US63-0114199
2,208 SF 0.17 ac lot Built 1900
Entity Owned 2-yr Hold ~ Est. High Equity
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383 Park Ave, Rochester, NY 14607 For Lease
$230,000 3,312 SF available
383 Park Ave, Rochester, NY 14607
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Property summary

AI-generated overview

A historic-style multi-level office building located along Park Avenue in Rochester, New York, between Rutgers and Oxford. The building is designed with a flexible interior layout for a range of commercial uses and is configured with custom finishes including tile and hardwood flooring, updated bathrooms and a kitchen, and a custom glass-enclosed office on the first floor. The first level also includes a separate conference area with a wet bar. The second floor comprises four rooms that can be adapted for private offices, treatment rooms, retail/service use, or other business operations. The building has undergone mechanical and systems upgrades, including newer air-conditioning units, a brand-new furnace, updated building mechanics, and recent interior remodeling. Zoning is designated as C-1, supporting office and service-oriented functions, and the property includes on-site parking to support daily operations.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1900
Total area 2,208 SF
Lot 0.17 ac (7,560 SF)
APN 261400 121.43-2-20
UPID US63-0114199

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
  • Loan Service Bank

Location

383 Park Ave Rochester, NY 14607
Rochester metro Census 2900 ROCHESTER, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$230k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$230k

Owner & transaction history

since 2024
7 recorded transactions
2024
$412,000
2024
Price N/A
2023
Price N/A
2023
Price N/A
2022
Price N/A
2019
Price N/A
2015
$495,000

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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