Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    40 Jetview Dr Rochester, NY 14624

    • Industrial land
    • 27.07 lot acres
    For Lease
    View listing
    Last Sale
    Sep 21, 2023
    $1,300,000
    Value Estimations
    $1,300,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-5362725
    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

    • Industrial land

    Property Details for 40 Jetview Dr

    Lot size
    27.07 lot acres
    Zone code
    06 - INDUSTRIAL
    Property type
    Industrial land
    APN
    262200 147.06-1-18.2
    APU
    262200147061182

    Description

    This exceptional industrial property, located at 40 Jetview Drive in Rochester, New York, offers a total of 280,000 square feet of warehouse space within a newly developed industrial park. The building is currently fully vacant and presents a unique opportunity for multiple tenants or a single large-scale operation. The property features two suites, with a minimum divisible space of 80,000 square feet and a maximum contiguous space of 200,000 square feet, providing flexibility for various business needs. The high ceilings, measuring 50 feet, accommodate substantial storage and operational requirements. Situated on a sizable lot ranging from 5.9 to 12.7 acres, the property offers ample outdoor space for loading, storage, or expansion. The property is zoned for industrial use and is conveniently located in Monroe County, New York, with the zip code 14624. This prime location offers excellent access to transportation networks and a skilled workforce. The property's size and features make it ideal for a wide range of industrial businesses seeking a modern and efficient warehouse facility in a thriving industrial area. Contact us today to learn more about this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,360,000
      ML approach
      $1,305,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.692
    Latitude
    43.1134
    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
    $477,800
    $0.00
    $477,800
    -
    $597,300
    $0.00
    $597,300

    Comparable in this City

    • Value Estimation by Request
      0.05 Acres

      1105 Chili Ave

      INDUSTRIAL - VACANT LAND • 0.05 Acres
      1105 Chili Ave, Rochester, NY 14624-3034
      View Details
    • Value Estimation by Request
      0.24 Acres

      Deep Rock Rd

      INDUSTRIAL - VACANT LAND • 0.24 Acres
      Deep Rock Rd, Rochester, NY 14624
      View Details
    • Value Estimation by Request
      0.04 Acres

      Sunbrook Ave

      INDUSTRIAL - VACANT LAND • 0.04 Acres
      Sunbrook Ave, Rochester, NY 14624
      View Details
    • Value Estimation by Request
      1.42 Acres

      8 Avion Dr

      INDUSTRIAL - VACANT LAND • 1.42 Acres
      8 Avion Dr, Rochester, NY 14624-5156
      View Details
    • Value Estimation by Request
      1.29 Acres

      10 Regency Oaks Blvd

      INDUSTRIAL - VACANT LAND • 1.29 Acres
      10 Regency Oaks Blvd, Rochester, NY 14624-5901
      View Details
    • Value Estimation by Request
      3.51 Acres

      325 Mile Xing Blvd

      INDUSTRIAL - VACANT LAND • 3.51 Acres
      325 Mile Xing Blvd, Rochester, NY 14624
      View Details

    Similar Nearby for Sale

    • $399,000
      38.51 Acres

      38.51 Acres Residential Land

      38.51-acre residential land with public water and sewer access.
      Whittier Rd, Rochester, NY 14624
      View Details
    • $1,100,000

      Land For Sale

      Commercial land available for sale.
      2860 Buffalo Rd, Gates, NY 14624
      View Details
    • Contact for pricing
      16.00 Acres

      Rochester Commercial Land Opportunity

      16 Acres, Build-to-Suit Available
      19 Scottsville-Chili Rd, Rochester, NY 14624
      View Details
    • $872,000
      4.63 Acres

      Cinemark Overflow Parking Lot

      4.63 Acres, Rochester, NY - Investment Opportunity
      2291 Buffalo Rd, Rochester, NY 14624
      View Details
    • $872,000

      Paved Parking Lot For Sale

      4.36-acre paved and striped parking lot with installed lighting.
      2291 Buffalo Rd, Rochester, NY 14624
      View Details
    • $999,950

      High-Traffic Area Commercial Property

      Commercial property in high-traffic area suitable for retail or office.
      3545 Buffalo Rd, Gates, NY 14624
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      27,220 SF

      Manufacturing and Warehouse Facility

      Manufacturing and warehouse/distribution facility in a campus-type setting.
      465 Paul Rd, Rochester, NY 14624
      View Details
    • Contact for pricing
      280,000 SF

      Industrial Building Sites Available

      Industrial building sites for lease in newly developed Industrial Park.
      40 Jetview Dr, Rochester, NY 14624
      View Details
    • Contact for pricing

      Land Adjacent to Manufacturing Facility

      Land available for lease near major transportation routes.
      200 Aviation Ave, Rochester, NY 14624
      View Details
    • Contact for pricing

      16 Acre Parcel For Lease

      16-acre parcel available for purchase, subdivision, or build to suit.
      19 Old Scottsville Chili Rd, Rochester, NY 14624
      View Details
    • Contact for pricing

      2.5-Acre Commercial Land, Rochester, NY

      Prime Rochester location, ideal for commercial/industrial use.
      3500 Buffalo Rd, Rochester, NY 14624
      View Details
    • Contact for pricing
      30,000 SF

      Elmgrove Crossings Executive Office Space

      Prime Rochester Office Building, 30,000 SF
      325 Mile Crossing Blvd, Rochester, NY 14624
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    40 Jetview Dr
    Rochester, NY 14624
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.