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

    55 Fessenden St Rochester, NY 14611-2815

    • Manufacturing properties
    • 28,440 SF
    • 2.70 lot acres
    OFF-MARKET
    Value Estimations
    $750,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1160942
    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

    • Product Integration & Manufacturing / Manufacturer
    • Drumcor Enterprises LLC / Tire Repair Shop

    Property Details for 55 Fessenden St

    Year built
    1970
    Lot size
    2.70 lot acres
    Property size
    28,440 SF
    Property type
    Manufacturing properties
    APN
    261400 120.62-1-35
    APU
    26140012062135

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $520,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $511,000
      Market price range: $185k - $682k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $945,000
      Current use
      COMMERCIAL (GENERAL)
      $1,000,000
      Change: +5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.6615
    Latitude
    43.1434
    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
    $81,000
    $502,000
    $583,000
    -
    $97,590
    $604,820
    $702,410

    Comparable in this City

    • Value Estimation
      $7,020,000
      457,400 SF

      460 Buffalo Rd

      MANUFACTURING (LIGHT) • 457,400 SF
      460 Buffalo Rd, Rochester, NY 14611-2000
      View Details
    • Value Estimation
      $1,175,000
      294,709 SF

      8 Cairn St Ste, Unit 10

      MANUFACTURING (LIGHT) • 294,709 SF
      8 Cairn St Ste, Rochester, NY 14611-2457
      View Details
    • Value Estimation
      $1,410,000
      47,421 SF

      181 Buffalo Rd

      MANUFACTURING (LIGHT) • 47,421 SF
      181 Buffalo Rd, Rochester, NY 14611-1920
      View Details
    • Value Estimation by Request
      4,765 SF

      670 Maple St

      MANUFACTURING (LIGHT) • 4,765 SF
      670 Maple St, Rochester, NY 14611-1727
      View Details
    • Value Estimation
      $1,420,000
      48,960 SF

      860 Maple St

      MANUFACTURING (LIGHT) • 48,960 SF
      860 Maple St, Rochester, NY 14611-1600
      View Details
    • Value Estimation
      $665,000
      22,761 SF

      181 Mckee Rd

      MANUFACTURING (LIGHT) • 22,761 SF
      181 Mckee Rd, Rochester, NY 14611-2011
      View Details

    Similar Nearby for Sale

    • $375,000

      Manufacturing Facility with Railroad Spur

      Four-unit manufacturing facility with railroad spur and loading docks.
      40 Silver St, Rochester, NY 14611
      View Details
    • $699,000
      37,204 SF

      Industrial Warehouse with Outdoor Potential

      37,000 sq ft warehouse with loading docks and outdoor space.
      175 Hague St, Rochester, NY 14611
      View Details
    • $85,000
      Pending

      Rochester Duplex in Maplewood District

      Cash-flowing duplex in Rochester's Historic Maplewood District.
      205 Hague St, Rochester, NY 14611
      View Details
    • $124,900

      Rochester Duplex Ready For Occupancy

      Vacant duplex in Rochester, ready for immediate occupancy.
      22 Gardiner Ave, Rochester, NY 14611
      View Details
    • $124,900

      Rochester Duplex with Rental Income

      Two-unit property with one vacant unit and rental income.
      21 Arnett Blvd, Rochester, NY 14611
      View Details
    • $149,900
      Pending

      Spacious Duplex in 19th Ward

      Two-unit property with separate utilities and strong rental income.
      104 Hobart St, Rochester, NY 14611
      View Details

    Similar Nearby for Lease

    • $7,900 /Mo

      Industrial Space with Loading Docks

      15,000 sq ft industrial space for rent.
      2 Potomac St, Rochester, NY 14611
      View Details
    • $8 SF/Yr
      3,000 SF

      Industrial Flex Space Available

      Industrial flex space suitable for contractors or light manufacturing.
      315 Mount Read Blvd, Rochester, NY 14611
      View Details
    • $6 SF/Yr
      3,500 SF

      Flex Space in Simcona Park

      Flex space with office and warehouse in Simcona Industrial Park.
      295 Mount Read Blvd, Rochester, NY 14611
      View Details
    • $2,900 /Mo
      3,120 SF

      Rochester Flex Space Available

      Multiple suites with truck docks and grade level doors.
      42 Independence St, Rochester, NY 14611
      View Details
    • Contact for pricing
      360,000 SF

      801 West Ave: Premier Rochester Office

      Spacious Rochester Office Building - Single Tenant, High Visibility
      801 West Ave, Rochester, NY 14611
      View Details
    • Contact for pricing
      7,763 SF

      Visible Office Space with Entrance

      Office space with high visibility and dedicated entrance for rent.
      460 Buffalo Rd, Rochester, NY 14611
      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.
    55 Fessenden St
    Rochester, NY 14611-2815
    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.