Add Listing
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

    535 Rdg Rd Rochester, NY 14621-1203

    • Investment properties
    • 9,600 SF
    • 0.70 lot acres
    OFF-MARKET
    Last Sale
    Apr 13, 2021
    $330,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-0167823
    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

    • Mad hatters Hide Away Smoke Shop / (Bike/Boat/Book/etc) Store
    • Hollywood Traders Irondeqouit and Hollywood Traders West Greece / Discount Store / (Bike/Boat/Book/etc) Store
    • Coinsource Bitcoin ATM / Atm
    • Barely Legal Fireworks / Discount Store / Party Supply Store

    Property Details for 535 Rdg Rd

    Year built
    1960
    Lot size
    0.70 lot acres
    Property size
    9,600 SF
    Zone code
    05 - COMMERCIAL
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    263400 091.10-1-8
    APU
    2634000911018

    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
    -77.6041
    Latitude
    43.195
    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
    $180,800
    $134,200
    $315,000
    -
    $180,800
    $134,200
    $315,000

    Comparable in this City

    • Value Estimation by Request
      723 SF

      1489 Nn St

      STORE/OFFICE (MIXED USE) • 723 SF
      1489 Nn St, Rochester, NY 14621
      View Details
    • Value Estimation
      $915,000
      10,580 SF

      929 Rdg Rd

      STORE/OFFICE (MIXED USE) • 10,580 SF
      929 Rdg Rd, Rochester, NY 14621-1712
      View Details
    • Value Estimation by Request
      2,788 SF

      1019 Norton St

      STORE/OFFICE (MIXED USE) • 2,788 SF
      1019 Norton St, Rochester, NY 14621-3837
      View Details
    • Value Estimation by Request
      2,024 SF

      900 Joseph Ave

      STORE/OFFICE (MIXED USE) • 2,024 SF
      900 Joseph Ave, Rochester, NY 14621-3406
      View Details
    • Value Estimation by Request
      4,935 SF

      664 Hudson Ave

      STORE/OFFICE (MIXED USE) • 4,935 SF
      664 Hudson Ave, Rochester, NY 14621-4844
      View Details
    • Value Estimation by Request
      2,440 SF

      1287-1289 Clinton Ave

      STORE/OFFICE (MIXED USE) • 2,440 SF
      1287-1289 Clinton Ave, Rochester, NY 14621
      View Details

    Similar Nearby for Sale

    • $699,900
      3,740 SF

      Long-Standing Rochester Restaurant Opportunity

      Restaurant for sale in Rochester with land and furnishings.
      559 E Ridge Rd, Rochester, NY 14621
      View Details
    • $119,000
      Pending

      Boston Style Duplex For Sale

      Large duplex with separate entrances and updated features.
      118 Norton St, Rochester, NY 14621
      View Details
    • $139,900
      Pending

      Rochester Quadplex For Sale

      Four-unit multifamily property in Rochester, currently fully occupied.
      140 Alphonse St, Rochester, NY 14621
      View Details
    • $750,000

      Turn Key Restaurant Opportunity

      Operational restaurant with enclosed patio, basement, and ample parking.
      555 E Ridge Rd, Irondequoit, NY 14621
      View Details
    • $124,900
      Pending

      Investment Opportunity with Owner-Occupant Potential

      Two units, each with 2 beds and 1 bath.
      204 Fernwood Ave, Rochester, NY 14621
      View Details
    • $249,900

      Restaurant with Income-Generating Apartments

      Turnkey restaurant with two apartments for additional income.
      1472 N Clinton Ave, Rochester, NY 14621
      View Details

    Similar Nearby for Lease

    • $1,950 /Mo

      Versatile Commercial Property in Irondequoit

      Three-unit commercial property with high visibility and traffic.
      1164 E Ridge Rd, Irondequoit, NY 14621
      View Details
    • $219,000

      Rebuilt Multi-Use Commercial Garage

      Rebuilt commercial garage suitable for various business uses.
      21 Klein St, Rochester, NY 14621
      View Details
    • $115 SF/Yr
      27,183 SF

      North Park Plaza Retail Space

      Rochester, NY Strip Mall - 18,100 SF Available
      1370 Norton St, Rochester, NY 14621
      View Details
    • $2,000 /Mo

      Hertel Avenue Retail Space Available

      Street retail space in a vibrant, high-traffic location.
      1495 Hertel Ave, Buffalo, NY 14621
      View Details
    • $2,300 /Mo

      Rebuilt Multi-Use Commercial Garage Space

      Rebuilt commercial garage space suitable for various business uses.
      21 Klein St, Rochester, NY 14621
      View Details
    • Contact for pricing
      780,915 SF

      Saint Paul Street Flex Space

      Massive Flex Space, Rochester, NY
      1405 St Paul St, Rochester, NY 14621
      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.
    535 Rdg Rd
    Rochester, NY 14621-1203
    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.
    Sign Up Successful!
    You now have access to more from Realmo!