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

    3861 Lyell Rd Rochester, NY 14606-4401

    • Office buildings
    • 2,900 SF
    • 0.55 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2868152
    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

    • Revolution Real Estate / Real Estate Agency
    • The Pettrone Team / Real Estate Agency
    • James Graye - Associate Real Estate Broker, REALTOR® / Real Estate Agency

    Property Details for 3861 Lyell Rd

    Year built
    1986
    Lot size
    0.55 lot acres
    Property size
    2,900 SF
    Zone code
    05 - COMMERCIAL
    Property type
    Office buildings
    APN
    262600 103.19-1-4.2
    APU
    26260010319142

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.7315
    Latitude
    43.164
    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
    $83,500
    $216,500
    $300,000
    -
    $100,590
    $260,810
    $361,400

    Comparable in this City

    • Value Estimation
      $790,000
      7,000 SF

      1770 Long Pond Rd

      OFFICE BUILDING • 7,000 SF
      1770 Long Pond Rd, Rochester, NY 14606-4057
      View Details
    • Value Estimation by Request
      9,000 SF

      1175 Lexington Ave

      OFFICE BUILDING • 9,000 SF
      1175 Lexington Ave, Rochester, NY 14606-2903
      View Details
    • Value Estimation by Request
      18,900 SF

      1600-1604 Lyell Ave

      OFFICE BUILDING • 18,900 SF
      1600-1604 Lyell Ave, Rochester, NY 14606
      View Details
    • Value Estimation
      $670,000
      25,303 SF

      1425 Mt Read Blvd

      OFFICE BUILDING • 25,303 SF
      1425 Mt Read Blvd, Rochester, NY 14606-2845
      View Details
    • Value Estimation
      $995,000
      22,892 SF

      100 Pinewild Dr

      PROFESSIONAL BUILDING • 22,892 SF
      100 Pinewild Dr, Rochester, NY 14606-4200
      View Details
    • Value Estimation by Request
      2,016 SF

      1749 Lyell Ave

      OFFICE BUILDING • 2,016 SF
      1749 Lyell Ave, Rochester, NY 14606-2313
      View Details

    Similar Nearby for Sale

    • $250,000
      3,363 SF

      Office Building in High Visibility

      Three-story office building with ample parking in Rochester, NY.
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    • $120,000
      26,794 SF

      Gates Office Condo: Prime Location

      Spacious Office Condo, 26,794 sq ft
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    • New
      $199,000
      Pending

      Spacious Duplex in Gates, NY

      Multi-family property with income potential in a convenient location.
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    • Contact for pricing
      9,184 SF

      Retail Building on Lyell Avenue

      9,184 SF retail building in prime location for lease.
      2270-2280 Lyell Ave, Rochester, NY 14606
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Flexible Office Space in Rochester

      Well-maintained office complex with build-to-suit options and high visibility.
      2005 Lyell Ave, Rochester, NY 14606
      View Details
    • Contact for pricing
      6,000 SF

      Versatile Office Spaces Available

      Office spaces for rent, convenient location near Downtown Rochester.
      687 Lee Rd, Rochester, NY 14606
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    • $10 SF/Yr
      20,781 SF

      Stone Gate Office Complex Suites

      Flexible office spaces available in a well-maintained Rochester complex.
      2005 Lyell Ave, Rochester, NY 14606
      View Details
    • Contact for pricing

      Lyell Avenue Retail/Office Space

      Retail and office units available on Lyell Avenue.
      2316 Lyell Ave, Rochester, NY 14606
      View Details
    • Contact for pricing

      Proposed Medical Office Space

      Proposed 54,000 SF medical office space with high visibility.
      100 Bellwood Dr, Rochester, NY 14606
      View Details
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    3861 Lyell Rd
    Rochester, NY 14606-4401
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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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