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Property profile & analytics
FOR LEASE
Investment properties
47 Savannah St Rochester, NY 14607
Entity Owned
6-yr Hold
Free & Clear
Property ID
US63-2876928
For Lease
1 / 15
$25 SF/Yr
47 Savannah St, Rochester, NY 14607
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Property summary
AI-generated overview
This exceptional Class A creative office space, located at 47 Savannah St, Rochester, NY 14607, offers 1,500 to 3,190 contiguous square feet within a vibrant 6,000 square foot building. Built in 2020, this multi-tenant property is part of the thriving Neighborhood of Play development, directly across from the Strong Museum. Enjoy floor-to-ceiling windows providing abundant natural light. The space is highly customizable to meet your business needs. This prime location benefits from its proximity to over 200 apartments/townhomes, a 125-room Hampton Inn, an expanded Strong Museum, and over 17,000 square feet of new retail space, all connected by a pedestrian walkway. The rental rate is $25 per square foot, with a 2.5% annual increase. Current co-tenants include a diverse mix of businesses such as Nerdvana (Gaming Bar and Restaurant), Fattey Beer Co., Lila's, and Fairpour Coffee Roasters. The building comprises three suites in total.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2021
Total area
65,421 SF
Lot
2.13 ac (92,783 SF)
APN
261400 121.33-1-6.003
UPID
US63-2876928
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
VIDA Apartments & Townhomes Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.97M
Blend (final)
Blend
$6.69M
Owner & transaction history
Fivetwentyfive East Broad LLC · 6 yrs held
Fivetwentyfive East Broad LLC
since 2019
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.3M
+42.7%
Auto repair, garage
$7.0M
+19.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Rochester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rochester submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,820,000
Current use
RESTAURANT
$8,305,000
Change: +43% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,980,000
Change: +20% · Conversion: Difficult
OFFICE BUILDING
$5,410,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$6.69M
Range $6.02M – $7.36M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$102 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$10,325,000
Assessed 2023
Previous assessed
$10,325,000
+0.0% YoY
Assessed land
$486,000
Assessed improvement
$9,839,000
Land market value
$585,542
Improvement market value
$11,854,217
Total market value
$12,439,759
Applied tax rate
261,400.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Lease
Year built
2021
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
4
Total area
65,421 SF
Lot
2.13 ac (92,783 SF)
APN
261400 121.33-1-6.003
UPID
US63-2876928
Jurisdiction
MONROE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$5.8M
RESTAURANT
Est. value
$8.3M
AUTO REPAIR, GARAGE
Est. value
$7.0M
OFFICE BUILDING
Est. value
$5.4M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2021
Heating
NONE
Cooling
Yes
Stories
4
Buildings
2
Lot
2.13 ac
Current owner
From public records · entity-resolved
Fivetwentyfive East Broad LLC
Entity
Free & Clear · 6 yrs held
Mailing address
75 THRUWAY PARK DR, W HENRIETTA, NY 14586-9793
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2021
—
Fivetwentyfive East Broad LLC
—
Deed
related
$17,200,000 · Esl FCU
Dec 31, 2019
$510,736
Fivetwentyfive East Broad LLC
Adventure Place Dev LLC
Grant Deed
—
Oct 21, 2019
$441,079
Adventure Place Dev LLC
Fivetwentyfive East Broad LLC
Grant Deed
—
Sep 21, 2018
$760,000
Fivetwentyfive East Broad LLC
Rochester Urban Renewal Agency
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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