Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    500 Elmgrove Rd Rochester, NY 14606

    • Assisted living facilities
    • 2,092 SF
    • 6.80 lot acres
    OFF-MARKET
    Last Sale
    Feb 22, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1842953
    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

    • Parkside Villas / Condominium Complex

    Property Details for 500 Elmgrove Rd

    Year built
    2013
    Lot size
    6.80 lot acres
    Property size
    2,092 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    262800 088.04-4-9
    APU
    2628000880449

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.7296
    Latitude
    43.1797
    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
    $108,000
    $1,206,400
    $1,314,400
    -
    $125,581
    $1,402,791
    $1,528,372

    Comparable in this City

    • Value Estimation by Request
      3,007 SF

      832 Spencerport Rd

      MEDICAL CLINIC • 3,007 SF
      832 Spencerport Rd, Rochester, NY 14606-4858
      View Details
    • Value Estimation by Request
      112,800 SF

      100 Bellwood Dr

      Power centers • 112,800 SF
      100 Bellwood Dr, Rochester, NY 14606
      View Details
    • Value Estimation by Request
      2,218 SF

      5 Cross Gates Rd

      MEDICAL CLINIC • 2,218 SF
      5 Cross Gates Rd, Rochester, NY 14606-3306
      View Details
    • Value Estimation by Request
      4,224 SF

      3980 Lyell Rd

      MEDICAL CLINIC • 4,224 SF
      3980 Lyell Rd, Rochester, NY 14606-4305
      View Details
    • Value Estimation by Request
      4,209 SF

      517 Gates Greece Townline Rd

      MEDICAL CLINIC • 4,209 SF
      517 Gates Greece Townline Rd, Rochester, NY 14606-3452
      View Details
    • Value Estimation by Request
      1.50 Acres

      63 Elton Ave

      INDUSTRIAL - VACANT LAND • 1.50 Acres
      63 Elton Ave, Rochester, NY 14606-4230
      View Details

    Similar Nearby for Sale

    • $650,000
      23,000 SF

      Prime Greece, NY Flex Space Investment

      Four-building flex space, vacant, NNN lease.
      205 Pinewild Dr, Greece, NY 14606
      View Details
    • Contact for pricing

      Lee Road Industrial Development Site

      7.4 Acres, I-390 Access, High Visibility
      1221 Lee Rd, Rochester, NY 14606
      View Details
    • $169,900
      1,769 SF

      Remodeled Duplex with Income Potential

      Fully remodeled duplex featuring modern finishes and immediate rental income potential.
      419 Murray St, Rochester, NY 14606
      View Details
    • $924,900
      27,060 SF

      Rochester Industrial/Warehouse/Flex Property

      27,060 SF industrial property with income and immediate availability.
      25-45 Rutter St, Rochester, NY 14606
      View Details
    • $120,000
      26,794 SF

      Gates Office Condo: Prime Location

      Spacious Office Condo, 26,794 sq ft
      2211 Lyell Ave, Gates, NY 14606
      View Details
    • $69,900
      Pending

      Rochester Duplex with Separate Utilities

      Two-unit duplex in Rochester, featuring separate utilities and spacious layouts.
      866 Smith St, Rochester, NY 14606
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      27,500 SF

      Mt. Read Blvd Office Park Investment

      Prime Rochester Office Space Available
      1425 Mount Read Blvd, Rochester, NY 14606
      View Details
    • $10 SF/Yr
      20,781 SF

      Stonegate Office Complex: Rochester, NY

      Multiple Suites, Flexible Lease Options
      2005 Lyell Ave, Rochester, NY 14606
      View Details
    • Contact for pricing
      112,800 SF

      Greece, NY Medical Office Space

      Class A medical office building, I-390 visibility.
      100 Bellwood Dr, Rochester, NY 14606
      View Details
    • $699,000
      9,184 SF

      Retail Building on Lyell Avenue

      9,184 SF retail building in prime location for lease.
      2270-2280 Lyell Ave, Rochester, NY 14606
      View Details
    • Contact for pricing
      1,759 SF

      Retail Plaza in High Traffic

      Retail space in high-traffic area, anchored by food chains.
      1460 Lyell Ave, Rochester, NY 14606
      View Details
    • $10 SF/Yr

      Stone Gate Office Complex Suites

      Flexible office suites available in a well-maintained complex.
      2005 Lyell Ave, Gates, NY 14606
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    500 Elmgrove Rd
    Rochester, NY 14606
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.