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    476 State Route 104 Ontario, NY 14519
    Property profile & analytics

    476 State Route 104 Ontario, NY 14519

    View on Map
    • Retail space
    • 2,640 SF
    • 1.71 lot acres
    For Lease
    $9 SF/Yr
    View Listing →
    Office/Retail Space for Lease For Lease
    $9 SF/Yr
    3,000 SF

    Office/Retail Space for Lease

    3,000 SF office/retail space available for lease.

    476 State Route 104, Ontario, NY
    View Listing
    Property ID
    US63-0407971
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 476 State Route 104

    Year built
    1970
    Lot size
    1.71 lot acres
    Property size
    2,640 SF
    Zone code
    B
    Property type
    Retail space
    APN
    543400 61117-10-428604
    APU
    5434006111710428604

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Ontario
    County
    Wayne
    State
    New York
    Longitude
    -77.3559
    Latitude
    43.225
    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
    $77,000
    $139,000
    $216,000
    -
    $91,667
    $165,476
    $257,143

    Comparable in this City

    • Value Estimation by Request
      1,536 SF

      2287 State Rte 104

      RETAIL STORES (PERSONAL SERVICES) • 1,536 SF
      2287 State Rte 104, Ontario, NY 14519-8932
      View Details
    • Value Estimation by Request
      8,000 SF

      1531 State Rte 104

      RETAIL STORES (PERSONAL SERVICES) • 8,000 SF
      1531 State Rte 104, Ontario, NY 14519-8936
      View Details
    • Value Estimation by Request
      1,552 SF

      1808 State Rte 104

      RETAIL STORES (PERSONAL SERVICES) • 1,552 SF
      1808 State Rte 104, Ontario, NY 14519-8935
      View Details
    • Value Estimation by Request
      8,100 SF

      348 State Rte 104

      RETAIL STORES (PERSONAL SERVICES) • 8,100 SF
      348 State Rte 104, Ontario, NY 14519-8948
      View Details
    • Value Estimation by Request
      5,440 SF

      2090 Rdg Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,440 SF
      2090 Rdg Rd, Ontario, NY 14519-9501
      View Details
    • Value Estimation by Request
      6,638 SF

      6845 Slocum Rd

      RETAIL STORES (PERSONAL SERVICES) • 6,638 SF
      6845 Slocum Rd, Ontario, NY 14519-9335
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Retail Pad in Ontario

      1.1-acre retail pad with high visibility and traffic.
      1558 Ny 104, Ontario, NY 14519
      View Details
    • $249,900
      1.35 Acres

      Commercial Lot on Route 104

      Highly visible commercial lot on a busy route.
      1782 State Route 104, Ontario, NY 14519
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    • $225,000

      Prime Industrial Land Available

      Industrial land parcel with utilities, dimensions TBD, additional acreage available.
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    Similar Nearby for Lease

    • $9 SF/Yr
      3,000 SF

      Office/Retail Space for Lease

      3,000 SF office/retail space available for lease.
      476 State Route 104, Ontario, NY 14519
      View Details
    • $14 SF/Yr
      4,204 SF

      Dunkin' Anchored Retail Plaza

      Retail space available in a high-traffic plaza anchored by Dunkin'.
      1873 State Route 104, Ontario, NY 14519
      View Details
    • $3,501 /Mo

      Prime Retail Space on Knickerbocker

      Retail space in Ontario, NY, high traffic location.
      6355 Knickerbocker Rd, Ontario, NY 14519
      View Details
    • New
      $425,000
      1,872 SF

      Auto Sales Opportunity on Route 104

      Turnkey auto sales location for lease or sale.
      6260 Lincoln Rd, Ontario, NY 14519
      View Details
    • Contact for pricing
      5,000 SF

      Dominant Shopping Center in Ontario

      Anchored shopping center with long-term tenants on heavily driven route.
      6254-6272 Furnace Rd, Ontario, NY 14519
      View Details
    • $265 SF/Yr
      100 SF

      Office Space with Utilities Included

      Office spaces for rent with utilities, Wi-Fi, and shared amenities.
      1652 State Route 104, Ontario, NY 14519
      View Details
    View Listing
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    Ontario, NY 14519
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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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