Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    550 Main St Batavia, NY 14020-2740

    • Office buildings
    • 1,834 SF
    • 0.41 lot acres
    OFF-MARKET
    Value Estimations
    $295,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1706915
    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

    • Karen's Yarn Paper Scissors / Yarn Store
    • Homecare & Hospice / Home Health Care Service

    Property Details for 550 Main St

    Year built
    1870
    Lot size
    0.41 lot acres
    Property size
    1,834 SF
    Property type
    Office buildings
    APN
    180200 84.060-1-18
    APU
    18020084060118

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $285,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $510,000
      6.5%
      $470,000
      7%
      $440,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Batavia
    County
    Genesee
    State
    New York
    Longitude
    -78.1674
    Latitude
    42.9947
    CBSA code
    12860
    CBSA name
    BATAVIA, NY MICROPOLITAN 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
    $44,500
    $28,500
    $73,000
    -
    $45,876
    $29,382
    $75,258

    Comparable in this City

    • Value Estimation
      $375,000
      18,000 SF

      90 Main St

      OFFICE BUILDING • 18,000 SF
      90 Main St, Batavia, NY 14020-2109
      View Details
    • Value Estimation
      $670,000
      91,360 SF

      5130 Main St Rd

      OFFICE BUILDING • 91,360 SF
      5130 Main St Rd, Batavia, NY 14020-3444
      View Details
    • Value Estimation
      $290,000
      1,536 SF

      439 Main St

      OFFICE BUILDING • 1,536 SF
      439 Main St, Batavia, NY 14020-2520
      View Details
    • Value Estimation
      $295,000
      3,073 SF

      570 Main St

      OFFICE BUILDING • 3,073 SF
      570 Main St, Batavia, NY 14020-2740
      View Details
    • Value Estimation
      $330,000
      6,990 SF

      101 Main St, Unit 145

      OFFICE BUILDING • 6,990 SF
      101 Main St, Batavia, NY 14020-2020
      View Details
    • Value Estimation
      $290,000
      3,974 SF

      3922 Main St Rd

      OFFICE BUILDING • 3,974 SF
      3922 Main St Rd, Batavia, NY 14020-9467
      View Details

    Similar Nearby for Sale

    • $150,000
      1,210 SF

      Batavia Office Building For Sale

      Office building with ample parking and accessible entrance in Batavia.
      194 Washington Ave, Batavia, NY 14020
      View Details
    • $475,000
      17,688 SF

      Batavia Office Building - Great Location!

      Spacious Office Building, 17,688 sq ft, 2.2 acres.
      50 Franklin St, Batavia, NY 14020
      View Details
    • Contact for pricing
      540.00 Acres

      Prime Genesee County Development Land

      540 Acres, Route 98, Batavia, NY
      0 Rte 98, Batavia, NY 14020
      View Details
    • $424,900
      6,088 SF

      Batavia Auto Shop Investment Opportunity

      High-visibility, 6,088 SF auto shop with tenant.
      502 Ellicott St, Batavia, NY 14020
      View Details
    • $225,000
      0.17 Acres

      Prime Batavia Commercial Land Parcels

      Two commercial land parcels in a prime Batavia location.
      511-513 E Main St, Batavia, NY 14020
      View Details
    • $324,900
      2,928 SF

      Commercial Storefront and Residence

      Commercial storefront with residence, ideal for investment or small business.
      5009 East Main Street Rd, Batavia, NY 14020
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      27,000 SF

      Gateway II: Batavia Business Park

      Prime Genesee County Office/Industrial Space
      7997 Call Pkwy, Batavia, NY 14020
      View Details
    • $10 SF/Yr
      125,941 SF

      West Main Plaza Retail Space

      Batavia, NY retail space available. High traffic location.
      4152 Main Street Rd, Batavia, NY 14020
      View Details
    • $750 /Mo

      Renovated Office Space Available

      Renovated office space with seven rooms for lease.
      39 Jackson St, Batavia, NY 14020
      View Details
    • Contact for pricing
      6,359 SF

      Retail Space in Eastown Plaza

      Retail spaces available in ALDI-anchored shopping center.
      565-587 E Main St, Batavia, NY 14020
      View Details
    • Contact for pricing
      133,944 SF

      587 Main St

      Neighborhood centers • 133,944 SF
      587 Main St, Batavia, NY 14020
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space Near Walmart

      Retail space available in Batavia near a Walmart Supercenter.
      4140 Veterans Memorial Dr, Batavia, NY 14020
      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.
    550 Main St
    Batavia, NY 14020-2740
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.