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    Property profile & analytics

    490 Titus Ave Irondequoit, NY 14617

    • Office buildings
    • 3,390 SF
    • 0.32 lot acres
    For Sale
    View listing
    $399,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1417355
    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

    • Edward John Bonavilla, DPM / Podiatrist
    • Rochester Foot Care Associates: David Chazan DPM / Podiatrist
    • David Vigdor Chazan, DPM / Podiatrist
    • Rochester Foot Care / Podiatrist
    • Joseph L. Carbone, DPM / Podiatrist

    Property Details for 490 Titus Ave

    Year built
    1941
    Lot size
    0.32 lot acres
    Property size
    3,390 SF
    Zone code
    07 - MIXED
    Property type
    Office buildings
    APN
    263400 076.14-3-19
    APU
    26340007614319

    Description

    This exceptional Class A medical office building, totaling 4,624 square feet, is situated on a 0.32-acre lot at 490 Titus Avenue in West Irondequoit, NY 14617. The single-tenant property boasts a highly visible location at the intersection of Titus Avenue and Briarwood Drive, just west of Hudson Avenue, offering convenient access to Route 104 via Hudson or Seneca Avenues, and easy access to I-590. The two-story building features 11 parking spaces, with ample patient parking directly in front of the building's main entrance. A secondary entrance with an attached garage is located on the side of the building. The first floor comprises a well-designed layout including a waiting room, multiple treatment rooms, and administrative offices. The building is surrounded by numerous businesses and residential properties, ensuring a strong demographic base. This freestanding medical office presents a unique opportunity for healthcare providers seeking a prominent and easily accessible location within a thriving community. The property's excellent visibility, convenient access, and ample parking make it an ideal setting for a variety of medical practices. The building's strong location and features make it a highly desirable investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $215,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $294,000
      Market price range: $131k - $426k
      AI Estimate
      $148,000
      Market price range: $54.4k - $241k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $280,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $235,000
      Change: -16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.6038
    Latitude
    43.2108
    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
    $78,200
    $181,800
    $260,000
    -
    $78,200
    $181,800
    $260,000

    Comparable in this City

    • Value Estimation
      $125,000
      1,775 SF

      753 Titus Ave

      OFFICE BUILDING • 1,775 SF
      753 Titus Ave, Rochester, NY 14617-3930
      View Details
    • Value Estimation
      $990,000
      4,860 SF

      171 Pattonwood Dr

      PROFESSIONAL BUILDING • 4,860 SF
      171 Pattonwood Dr, Rochester, NY 14617-1417
      View Details
    • Value Estimation
      $265,000
      4,834 SF

      1867 Hudson Ave

      OFFICE BUILDING • 4,834 SF
      1867 Hudson Ave, Rochester, NY 14617
      View Details
    • Value Estimation
      $195,000
      2,710 SF

      714 Titus Ave

      OFFICE BUILDING • 2,710 SF
      714 Titus Ave, Rochester, NY 14617-3900
      View Details
    • Value Estimation
      $245,000
      3,420 SF

      425 Titus Ave

      OFFICE BUILDING • 3,420 SF
      425 Titus Ave, Rochester, NY 14617-3532
      View Details
    • Value Estimation
      $240,000
      1,440 SF

      20 Stranahan Park

      OFFICE BUILDING • 1,440 SF
      20 Stranahan Park, Rochester, NY 14617
      View Details

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    • $399,000
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      Irondequoit Commercial Building - Prime Location

      Versatile 4,624 sq ft building, ample parking.
      490 Titus Ave, Irondequoit, NY 14617
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      Prime Commercial Outparcel Opportunity

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    Similar Nearby for Lease

    • $590,000

      Versatile Office Building in Irondequoit

      Unique office building with flexible space and ample parking.
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    • $1,200 /Mo
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      Second Floor Office Space Available

      1,176 SF office space in attractive brick building.
      572 Titus Ave, Rochester, NY 14617
      View Details
    • Contact for pricing
      3,390 SF

      Freestanding Medical Office Near Wegmans

      Medical office near Wegmans Irondequoit Plaza, West Irondequoit, NY.
      490 Titus Ave, Rochester, NY 14617
      View Details
    • $15 SF/Yr

      Irondequoit Plaza Retail Space

      Premier shopping destination with high traffic and diverse tenants.
      525 Titus Ave Ave, Irondequoit, NY 14617
      View Details
    • $16 SF/Yr
      3,500 SF

      Hudson Ave Retail Space

      Prime Irondequoit Retail Opportunity
      2194 Hudson Ave, Irondequoit, NY 14617
      View Details
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    Irondequoit, NY 14617
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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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