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

    4221 Recreation Dr Canandaigua, NY 14424-2239

    • Super regional malls
    • 4,656 SF
    • 1.50 lot acres
    OFF-MARKET
    Value Estimations
    $250,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3654147
    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

    • Verizon Business Services / Internet Service Provider
    • Verizon / Internet Service Provider / Electronics Store
    • Hopewell / Shopping Mall

    Property Details for 4221 Recreation Dr

    Year built
    2006
    Lot size
    1.50 lot acres
    Property size
    4,656 SF
    Zone code
    C1
    Property type
    Super regional malls
    APN
    323400 85.03-1-25.000
    APU
    3234008503125000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $250,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $365,000
      AUTO REPAIR, GARAGE
      $350,000
      OFFICE BUILDING
      $330,000
      WAREHOUSE, STORAGE
      $260,000
      RETAIL STORES
      $245,000
      MEDICAL BUILDING
      $205,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Canandaigua
    County
    Ontario
    State
    New York
    Longitude
    -77.241
    Latitude
    42.8734
    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
    $145,000
    $595,000
    $740,000
    -
    $176,829
    $725,610
    $902,439

    Comparable in this City

    • Value Estimation
      $425,000
      84,381 SF

      300 Eastern Blvd

      REGIONAL SHOPPING CENTER, MALL • 84,381 SF
      300 Eastern Blvd, Canandaigua, NY 14424
      View Details
    • Value Estimation
      $435,000
      92,532 SF

      39 Eastern Blvd

      REGIONAL SHOPPING CENTER, MALL • 92,532 SF
      39 Eastern Blvd, Canandaigua, NY 14424
      View Details
    • Value Estimation
      $585,000
      53,024 SF

      4406 State Rte 5th And 20th Ste, Unit 120

      SHOPPING CENTER, STRIP CENTER • 53,024 SF
      4406 State Rte 5th And 20th Ste, Canandaigua, NY 14424-2245
      View Details
    • Value Estimation
      $1,260,000
      18,300 SF

      2375 State Rte 332

      SHOPPING CENTER, STRIP CENTER • 18,300 SF
      2375 State Rte 332, Canandaigua, NY 14424-7509
      View Details
    • Value Estimation
      $160,000
      7,200 SF

      2465 State Rte 332nd, Unit 2485

      SHOPPING CENTER, STRIP CENTER • 7,200 SF
      2465 State Rte 332nd, Canandaigua, NY 14424-8010
      View Details
    • Value Estimation
      $205,000
      5,203 SF

      2580 County Rd 28

      SHOPPING CENTER, STRIP CENTER • 5,203 SF
      2580 County Rd 28, Canandaigua, NY 14424-8194
      View Details

    Similar Nearby for Sale

    • $4,485,000
      42,132 SF

      Leased Retail Strip Mall Plaza

      Two-building retail strip mall in Canandaigua, New York.
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    • $5,800,000
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      Canandaigua Lake Hospitality Investment Opportunity

      Multi-use venue on Canandaigua Lake in the Finger Lakes Region.
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    • $575,000
      3,487 SF

      Turnkey Restaurant & Real Estate Package

      Fully operational restaurant, real estate, and apartment in downtown Canandaigua.
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    • $899,900
      5,632 SF

      Historic Fire Station Mixed-Use Property

      Versatile Canandaigua property with retail and residential spaces.
      13 Niagara St, Canandaigua, NY 14424
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      Three-acre property near hiking trails and Canandaigua Lake.
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    • $350,000
      4,200 SF

      Transportation Hub with Fenced Yard

      Warehouse with large yard, overhead doors, and office space.
      3854 State Route 5 And 20, Canandaigua, NY 14424
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr
      30,000 SF

      Retail Space in Busy Corridor

      Shopping center space for lease on a busy retail corridor.
      4406 State Route 5 And 20, Canandaigua, NY 14424
      View Details
    • Contact for pricing
      5,434 SF

      Retail Space in Parkway Plaza

      Prime retail space in a high-traffic Canandaigua shopping center.
      39 Eastern Blvd, Canandaigua, NY 14424
      View Details
    • Contact for pricing
      1,880 SF

      Prime Retail Space in Canandaigua

      High-visibility retail space in a busy shopping center.
      47-123 Eastern Blvd, Canandaigua, NY 14424
      View Details
    • $2,300 /Mo
      2,000 SF

      Historic Fire Station Storefront

      Versatile Canandaigua storefront in a repurposed 1880 fire station.
      13 Niagara St, Canandaigua, NY 14424
      View Details
    • Contact for pricing
      60,000 SF

      Canandaigua Mixed-Use Gem

      Prime Main Street location, flexible spaces.
      32 Main St, Canandaigua, NY 14424
      View Details
    • Contact for pricing
      2,260 SF

      Retail Space in Canandaigua, NY

      Retail space available for lease in Canandaigua, New York.
      3225 State Route 364, Canandaigua, NY 14424
      View Details
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    4221 Recreation Dr
    Canandaigua, NY 14424-2239
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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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