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

    50 State St Pittsford, NY 14534-2347

    • Strip malls
    • 5,878 SF
    • 2.82 lot acres
    OFF-MARKET
    Value Estimations
    $580,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-4199282
    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

    • Northfield Music / (Bike/Boat/Book/etc) Store
    • Dolce Cupcakery | Rochester / Bakery / Specialty Food Shop
    • Olives / Restaurant
    • JTH Agency / Men'S Clothing Store / Sporting Goods Store
    • madison sophia jewelry / (Bike/Boat/Book/etc) Store

    Property Details for 50 State St

    Year built
    1950
    Lot size
    2.82 lot acres
    Property size
    5,878 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    264601 164.07-1-7.11
    APU
    264601164071711

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $680,000
      Market price range: $173k - $681k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $410,000
      Current use
      RESTAURANT
      $690,000
      Change: +69% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $665,000
      Change: +63% Conversion: Difficult
      OFFICE BUILDING
      $530,000
      Change: +29% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $425,000
      Change: +3% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Pittsford
    County
    Monroe
    State
    New York
    Longitude
    -77.5101
    Latitude
    43.0898
    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
    $555,000
    $1,225,000
    $1,780,000
    -
    $770,826
    $1,701,374
    $2,472,200

    Comparable in this City

    • Value Estimation
      $2,045,000
      23,650 SF

      649 Pittsford Victor Rd

      SHOPPING CENTER, STRIP CENTER • 23,650 SF
      649 Pittsford Victor Rd, Pittsford, NY 14534
      View Details
    • Value Estimation
      $2,545,000
      10,738 SF

      66 Monroe Ave

      SHOPPING CENTER, STRIP CENTER • 10,738 SF
      66 Monroe Ave, Pittsford, NY 14534-1324
      View Details
    • Value Estimation
      $750,000
      6,276 SF

      1474 Marsh Rd

      RESTAURANT • 6,276 SF
      1474 Marsh Rd, Pittsford, NY 14534-3454
      View Details
    • Value Estimation
      $505,000
      4,907 SF

      748-750 Pittsford Victor Rd

      SHOW ROOM, WAREHOUSE • 4,907 SF
      748-750 Pittsford Victor Rd, Pittsford, NY 14534
      View Details
    • Value Estimation by Request
      1,653 SF

      9 Monroe Ave

      GAS STATION • 1,653 SF
      9 Monroe Ave, Pittsford, NY 14534-1932
      View Details
    • Value Estimation by Request
      340 SF

      10 State St

      DRIVE-THRU RESTAURANT, FAST FOOD • 340 SF
      10 State St, Pittsford, NY 14534-2028
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      38,560 SF

      High-Tech Mixed-Use Commercial Building

      Multi-tenant building with medical and tech tenants, 93% occupied.
      1120 Pittsford Victor Rd, Pittsford, NY 14534
      View Details
    • $89,900
      0.27 Acres

      Residential Land in Pittsford, NY

      Land ideal for small house design in Pittsford, NY.
      1344 Marsh Rd, Pittsford, NY 14534
      View Details
    • Contact for pricing

      Vacant Land Near Pinnacle Church

      Approximately 4 acres of vacant land in Henrietta, New York.
      250 Pinnacle Rd, Pittsford, NY 14534
      View Details
    • $329,900
      Pending

      Pittsford Village Green Office Condominium

      Office condominium suitable for diverse professional and service-oriented uses.
      61A Monroe Ave, Pittsford, NY 14534
      View Details
    • $1,450,000
      19,312 SF

      Pittsford Commercial Building For Sale

      Spacious 19,312 sq ft commercial space.
      1170 Pittsford Victor Rd, Pittsford, NY 14534
      View Details
    • $750,000
      2,250 SF

      Pittsford Office Building For Sale

      Historic Village, 2,250 SF Office
      8 Main St, Pittsford, NY 14534
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      8,992 SF

      Pittsford Office Space for Lease

      Prime Pittsford office, 2,500 sq ft available.
      683 Pittsford Victor Rd, Pittsford, NY 14534
      View Details
    • $18 SF/Yr
      6,947 SF

      Pittsford Office Park: Prime Location

      Modern office suites, flexible sizes, ideal Pittsford setting.
      115-151 Trl, Pittsford, NY 14534
      View Details
    • Contact for pricing
      15,786 SF

      Pittsford Office Park Investment

      Three Suites, 1,300-3,360 SF
      101 Trl, Pittsford, NY 14534
      View Details
    • Contact for pricing
      1,792 SF

      Office Space Near I-490

      Office space with convenient highway access and ample parking.
      1250 Pittsford Victor Rd, Pittsford, NY 14534
      View Details
    • $15 SF/Yr
      800 SF

      Office Space in Pittsford, NY

      Office space available for lease in Pittsford, New York.
      50 State St, Pittsford, NY 14534
      View Details
    • New
      $13 SF/Yr
      2,222 SF

      Pittsford Village Office Suite

      Versatile office space in Pittsford Village Green Office Park.
      59 Monroe Ave, Pittsford, NY 14534
      View Details
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    50 State St
    Pittsford, NY 14534-2347
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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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