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

    4261 State Rte 21 Canandaigua, NY 14424-8937

    • Investment properties
    • 2,400 SF
    • 0.35 lot acres
    OFF-MARKET
    Value Estimations
    $255,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-0632197
    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

    • Mad Hatter Hair Design / Waxing Hair Removal Service / Hair Salon

    Property Details for 4261 State Rte 21

    Year built
    1880
    Lot size
    0.35 lot acres
    Property size
    2,400 SF
    Zone code
    NC
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    322400 125.12-1-14.000
    APU
    32240012512114000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $240,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $405,000
      6.5%
      $375,000
      7%
      $345,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $161,000
      Market price range: $113k - $339k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $250,000
      Current use
      AUTO REPAIR, GARAGE
      $315,000
      Change: +27% Conversion: Difficult
      OFFICE BUILDING
      $255,000
      Change: +2% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Canandaigua
    County
    Ontario
    State
    New York
    Longitude
    -77.3269
    Latitude
    42.8222
    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
    $9,300
    $107,100
    $116,400
    -
    $9,300
    $107,100
    $116,400

    Comparable in this City

    • Value Estimation
      $270,000
      1,880 SF

      43 Niagara St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,880 SF
      43 Niagara St, Canandaigua, NY 14424-2068
      View Details
    • Value Estimation
      $235,000
      1,713 SF

      150 Jefferson Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,713 SF
      150 Jefferson Ave, Canandaigua, NY 14424-2074
      View Details
    • Value Estimation
      $455,000
      4,140 SF

      137 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,140 SF
      137 Main St, Canandaigua, NY 14424-1908
      View Details
    • Value Estimation
      $190,000
      3,838 SF

      169 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,838 SF
      169 Main St, Canandaigua, NY 14424-1916
      View Details
    • Value Estimation
      $495,000
      8,763 SF

      79 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 8,763 SF
      79 Main St, Canandaigua, NY 14424-1906
      View Details
    • Value Estimation
      $215,000
      1,167 SF

      10 Phoenix St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,167 SF
      10 Phoenix St, Canandaigua, NY 14424-2023
      View Details

    Similar Nearby for Sale

    • $575,000
      3,487 SF

      Turnkey Restaurant & Real Estate Package

      Fully operational restaurant, real estate, and apartment in downtown Canandaigua.
      215 S Main St, Canandaigua, NY 14424
      View Details
    • $530,000
      Pending

      Historic Mixed-Use Investment Opportunity

      Two buildings in the heart of Finger Lakes Region.
      280 S Main St, Canandaigua, NY 14424
      View Details
    • $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
      View Details
    • $500,000
      10,416 SF

      Historic Canandaigua Office Building

      Landmark Office Space, High Visibility, 10,416 sq ft
      20 Pleasant St, Canandaigua, NY 14424
      View Details
    • $370,000
      Pending

      20 Acres of Scenic Land

      Private 20-acre land with panoramic views and recreational opportunities.
      6441 Montanye Rd, Canandaigua, NY 14424
      View Details
    • Contact for pricing

      Commercial Land Lease Opportunity

      Land lease available in high-traffic location near college.
      400 Lakeshore Dr, Canandaigua, NY 14424
      View Details

    Similar Nearby for Lease

    • 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
      54,495 SF

      Industrial Building Near New YMCA

      25,200 SF industrial building in Canandaigua, divisible sections available.
      5310 North St, Canandaigua, NY 14424
      View Details
    • $1,500 /Mo

      Prime Corner Retail Pad Site

      High-visibility corner location suitable for drive-thru or retail.
      1880 State Route 332, Canandaigua, NY 14424
      View Details
    • $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
      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
    • 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
    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.
    4261 State Rte 21
    Canandaigua, NY 14424-8937
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.