Add Listing
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

    44 Saginaw Dr Rochester, NY 14623-3132

    • Manufacturing properties
    • 4,375 SF
    • 1.06 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3334691
    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

    • Risch / Industrial Manufacturer / Production Facility
    • Popli Om P / Land Surveyor

    Property Details for 44 Saginaw Dr

    Year built
    1969
    Lot size
    1.06 lot acres
    Property size
    4,375 SF
    Zone code
    06 - INDUSTRIAL
    Property type
    Manufacturing properties
    APN
    263200 162.12-1-9
    APU
    2632001621219

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.5902
    Latitude
    43.0843
    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
    $134,000
    $491,000
    $625,000
    -
    $134,000
    $491,000
    $625,000

    Comparable in this City

    • Value Estimation
      $1,220,000
      37,675 SF

      175 Josons Dr

      MANUFACTURING (LIGHT) • 37,675 SF
      175 Josons Dr, Rochester, NY 14623-3440
      View Details
    • Value Estimation
      $720,000
      23,180 SF

      65 Goodway S Dr

      MANUFACTURING (LIGHT) • 23,180 SF
      65 Goodway S Dr, Rochester, NY 14623-3018
      View Details
    • Value Estimation
      $775,000
      57,507 SF

      350 Commerce Dr

      MANUFACTURING (LIGHT) • 57,507 SF
      350 Commerce Dr, Rochester, NY 14623-3547
      View Details
    • Value Estimation
      $645,000
      23,600 SF

      140 Commerce Dr

      MANUFACTURING (LIGHT) • 23,600 SF
      140 Commerce Dr, Rochester, NY 14623-3504
      View Details
    • Value Estimation by Request
      128,609 SF

      2883 Brighton Henrietta Town Line Rd

      MANUFACTURING (LIGHT) • 128,609 SF
      2883 Brighton Henrietta Town Line Rd, Rochester, NY 14623-2790
      View Details
    • Value Estimation by Request
      15,700 SF

      75 Saginaw Dr

      MANUFACTURING (LIGHT) • 15,700 SF
      75 Saginaw Dr, Rochester, NY 14623-3131
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      112,948 SF

      West Henrietta Road Flex Space

      Large flex space with showroom and warehouse/office areas.
      3737 W Henrietta Rd, Rochester, NY 14623
      View Details
    • Contact for pricing
      89,718 SF

      Former Movie Theater Redevelopment Opportunity

      75,800 SF building in Henrietta retail corridor.
      525 Marketplace Dr, Rochester, NY 14623
      View Details
    • Contact for pricing
      105,000 SF

      Industrial Property with Interstate Visibility

      105,000 SF industrial property with high parking ratio.
      1180 Jefferson Rd, Rochester, NY 14623
      View Details
    • Contact for pricing
      88,450 SF

      88,000 SF Industrial/Office Building

      Industrial building with office/call center space and warehouse.
      3111 S Winton Rd, Rochester, NY 14623
      View Details
    • Contact for pricing
      105,000 SF

      High-Visibility Rochester Storefront

      105,000 SF Retail Space, Owner/User
      1180 Jefferson Rd, Rochester, NY 14623
      View Details
    • $269,900
      1.40 Acres

      Jefferson Road Land Parcel Opportunity

      1.4 acre land parcel near Rochester Institute of Technology.
      218 Jefferson Rd, Rochester, NY 14623
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,520 SF

      Office, Manufacturing, Warehouse Space Available

      Office, manufacturing, and warehouse space for lease.
      60 Saginaw Dr, Rochester, NY 14623
      View Details
    • Contact for pricing
      5,403 SF

      Flex Space in Henrietta Suburb

      Flex space in a campus-style business park available for rent.
      1565 Jefferson Rd, Rochester, NY 14623
      View Details
    • Contact for pricing

      88,000 SF Industrial Building

      Industrial building with office/call center and warehouse space for rent.
      3111 Winton Rd S, Rochester, NY 14623
      View Details
    • Contact for pricing

      Versatile Flex Space Available Now

      Stand-alone building with lab, office, and warehouse space.
      1777 E Henrietta Rd, Rochester, NY 14623
      View Details
    • Contact for pricing
      20,000 SF

      New Industrial Building Under Construction

      20,000 SF industrial space, delivery November 2024, divisible.
      1861 Scottsville Rd, Rochester, NY 14623
      View Details
    • Contact for pricing
      2,790 SF

      Office/Warehouse Space with Renovations

      Office and warehouse space available for rent, customizable to needs.
      3495 Winton Pl, Rochester, NY 14623
      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.
    44 Saginaw Dr
    Rochester, NY 14623-3132
    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.
    Sign Up Successful!
    You now have access to more from Realmo!