400 Center Place Dr Rochester, NY 14615
Property profile & analytics
400 Center Place Dr Rochester, NY 14615
- Hotels
- 77,616 SF
- 2.91 lot acres
Property ID
US63-2170493
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.
Location Intelligence
Current Use by Public Records
- Homewood Suites by Hilton Rochester/Greece, NY / Hotel & Motel / Vacation Rental
- Rochester hotel / Hotel & Motel
Property Details for 400 Center Place Dr
- Year built
- 2009
- Lot size
- 2.91 lot acres
- Property size
- 77,616 SF
- Zone code
- 03 - MULTI-FAMILY
- Property type
- Hotels
- APN
- 262800 074.16-4-40.3
- APU
- 262800074164403
Description
This exceptional 95-key Homewood Suites by Hilton hotel in Rochester, NY, presents a compelling investment opportunity. Located at 400 Center Place Drive, this five-story, 67,616 square foot property boasts an impressive 83.4% occupancy rate, significantly exceeding the market average of 66.1% in 2023. The hotel underwent extensive renovations in 2021/2022, addressing major aspects of a planned improvement project, with an estimated $800,000 remaining to complete. Amenities include an indoor pool, games room, full-service lounge/bar, BBQ grills, and two meeting rooms (575 SF and 338 SF) accommodating up to 40 guests. Its strategic location, a short 10-minute drive from the airport and near major highways, provides easy access for both business and leisure travelers, further enhanced by its proximity to corporate offices. The Rochester hospitality market shows positive trends, with RevPAR increasing from $85 to $101 in 2023. Current owner-operation presents significant potential for revenue management improvements, with STR analysis indicating opportunities to enhance all property-level fundamentals (Occupancy 117.4%, ADR 115.1%, RevPAR 135.1%). This well-equipped and renovated asset offers investors the chance to streamline expenses and optimize profitability through their own management strategies. The property is offered for sale via a request for proposals.
Value Estimations
based on Realmo’s proprietary methodology
-
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $6,415,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Rochester
- County
- Monroe
- State
- New York
- Longitude
- -77.6723
- Latitude
- 43.2084
- 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
$742,700
$4,560,100
$5,302,800
-
$863,605
$5,302,442
$6,166,047
