400 Mason Rd Fairport, NY 14450
- Warehouses
- 22,120 SF
- 3.39 lot acres
Current Use by Public Records
- Biotech Drainline Services / Plumbing Supply Store
- Exponential Power, Formerly Maetec Power, LLC / Power Plant Equipment Supplier / Battery Wholesaler
- E-Z Movers Inc / Mover / Moving And Storage Service
- Centrica Business Solutions / Engineering Consultant
Property Details for 400 Mason Rd
- Year built
- 1978
- Lot size
- 3.39 lot acres
- Property size
- 22,120 SF
- Zone code
- INDUSTRIAL
- Property type
- Warehouses
- APN
- 264489 180.08-1-2.2
- APU
- 26448918008122
Description
This exceptional value-add investment opportunity presents a 26,420 square foot industrial property situated on a 3.39-acre lot at 400 Mason Rd, Fairport, NY 14450. The property comprises two buildings: a main structure of approximately 22,120 square feet constructed in 1978, and an annex building of approximately 4,300 square feet built in 1980. The main building boasts 2 loading docks, 2 grade-level doors, and a mezzanine level offering an additional 3,480 square feet of space. Three separate office spaces totaling approximately 4,792 square feet are located on two floors within the main building. Both buildings feature ceiling clearances ranging from 25 to 28 feet. The property benefits from 3-phase power (208V, 200 amps) and radiant heat. Currently occupied by five tenants under short-term leases, this property offers significant upside potential due to below-market rental income. The property's projected capitalization rate is 9.05%, with a pro-forma NOI of $199,007 and an asking price of $1,750,000 ($66.24/sq ft). Property taxes are $27,665.48. The permitted zoning is Industrial. This multi-tenant warehouse presents a compelling investment opportunity with strong potential for increased profitability. The property is located in Monroe County, NY, and features a 100% occupancy rate.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $505,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $760,000
- 6.5%
- $690,000
- 7%
- $670,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $655,000
- Geo Method
- $675,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $690,000
- Retail
- $640,000
- Mixed-Use
- $765,000
- Hospitality
- $870,000
- Educational
- $715,000
- Residential Income
- $630,000
- Energy
- $630,000
- Income-Based Land
- $720,000
- Food Service
- $765,000
Location Insight
- Map
- Local Demand
- City
- Fairport
- County
- Monroe
- State
- New York
- Longitude
- -77.4052
- Latitude
- 43.0666
- CBSA code
- 40380
- CBSA name
- ROCHESTER, NY METROPOLITAN STATISTICAL AREA
