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

    453 Commercial St East Rochester, NY 14445-2201

    • Community centers
    • 21,600 SF
    • 2.00 lot acres
    OFF-MARKET
    Value Estimations
    $660,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1062065
    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

    • Western Union / Money Transfer Service
    • Debbie Supply Inc / Hardware Store / Heating Equipment Supplier
    • Dollar General / Party Store / Drug Store
    • Pro Hardware / Hardware Store
    • Barely Legal Fireworks / Fireworks Store

    Property Details for 453 Commercial St

    Year built
    1974
    Lot size
    2.00 lot acres
    Property size
    21,600 SF
    Zone code
    07 - MIXED
    Property type
    Community centers
    APN
    265801 138.75-1-14
    APU
    26580113875114

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $485,000

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

    Location Insight

    • Map
    • Local Demand
    City
    East Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.4958
    Latitude
    43.1166
    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
    $200,000
    $807,900
    $1,007,900
    -
    $281,695
    $1,137,905
    $1,419,600

    Comparable in this City

    • Value Estimation
      $3,965,000
      153,371 SF

      825 Fairport Rd

      SHOPPING CENTER, STRIP CENTER • 153,371 SF
      825 Fairport Rd, East Rochester, NY 14445-1939
      View Details
    • Value Estimation by Request
      3,387 SF

      21 Marsh Rd

      SHOPPING CENTER, STRIP CENTER • 3,387 SF
      21 Marsh Rd, East Rochester, NY 14445-1915
      View Details
    • Value Estimation
      $1,060,000
      186,456 SF

      349 Commercial St

      SHOPPING CENTER, STRIP CENTER • 186,456 SF
      349 Commercial St, East Rochester, NY 14445-2407
      View Details
    • Value Estimation by Request
      0.04 Acres

      103 Main St

      PARKING LOT • 0.04 Acres
      103 Main St, East Rochester, NY 14445-1415
      View Details
    • Value Estimation by Request
      2,480 SF

      404 Commercial St

      PARKING LOT • 2,480 SF
      404 Commercial St, East Rochester, NY 14445-2285
      View Details
    • Value Estimation by Request
      2,218 SF

      218 Maple Ave

      AUTO REPAIR, GARAGE • 2,218 SF
      218 Maple Ave, East Rochester, NY 14445-2246
      View Details

    Similar Nearby for Sale

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      Restaurant Building in High Traffic

      Former restaurant building with equipment on almost one acre.
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      Four-unit building featuring a commercial space and three apartments.
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    • $580,000
      7,005 SF

      Renovated Office Building For Sale

      7,005 SF office building with recent renovations.
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    Similar Nearby for Lease

    • $2,500 /Mo
      800 SF

      East Rochester Commercial Space Available

      Open space suitable for daycare, fitness, tutoring, or gatherings.
      115 Main St, East Rochester, NY 14445
      View Details
    • $12 SF/Yr
      31,849 SF

      East Rochester Multi-Use Commercial Space

      Class B multi-use building, ample parking.
      105 Despatch Dr, East Rochester, NY 14445
      View Details
    • Contact for pricing

      Commercial Land in Busy Plaza

      Land for lease in a high-traffic East Rochester plaza.
      305 W Commercial St, East Rochester, NY 14445
      View Details
    • $5 SF/Yr
      6,249 SF

      333 Commercial St

      Office space
      333 Commercial St, East Rochester, NY 14445
      View Details
    • Contact for pricing
      6,252 SF

      East Rochester Office Space

      Premium office space available for rent in East Rochester.
      300 Main St, East Rochester, NY 14445
      View Details

    Property Visit Statistics

    • Visits by month
      18.2k
    • Visitors by month
      10.5k
    • Avg Time on site
      19 min
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    453 Commercial St
    East Rochester, NY 14445-2201
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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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