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

    565 Monroe Ave, Unit 585 Rochester, NY 14607-3117

    • Investment properties
    • 15,319 SF
    • 1.51 lot acres
    OFF-MARKET
    Value Estimations
    $1,600,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-5789116
    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

    • Walgreens Pharmacy / Pharmacy
    • Benjamin J. Blakely, PharmD / Pharmacy
    • David T. Seelman, PharmD / Pharmacy
    • Holly J. Chaknis, PharmD / Pharmacy
    • Walgreens Photo / (Bike/Boat/Book/etc) Store

    Property Details for 565 Monroe Ave

    Year built
    2009
    Lot size
    1.51 lot acres
    Property size
    15,319 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    261400 121.58-2-72.002
    APU
    26140012158272002

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,866,000
      Market price range: $950k - $1.87M
      AI Estimate
      $1,334,000
      Market price range: $525k - $1.33M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,365,000
      Current use
      RESTAURANT
      $1,945,000
      Change: +43% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,635,000
      Change: +20% Conversion: Difficult
      OFFICE BUILDING
      $1,265,000
      Change: -7% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.5924
    Latitude
    43.1452
    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
    $218,000
    $1,440,300
    $1,658,300
    -
    $262,651
    $1,735,301
    $1,997,952

    Comparable in this City

    • Value Estimation
      $1,785,000
      38,828 SF

      33 Russell St, Unit 53

      OFFICE/RESIDENTIAL (MIXED USE) • 38,828 SF
      33 Russell St, Rochester, NY 14607-1397
      View Details
    • Value Estimation
      $6,690,000
      65,421 SF

      47 Savannah St

      OFFICE/RESIDENTIAL (MIXED USE) • 65,421 SF
      47 Savannah St, Rochester, NY 14607
      View Details
    • Value Estimation by Request
      3,643 SF

      610 Monroe Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,643 SF
      610 Monroe Ave, Rochester, NY 14607-3122
      View Details
    • Value Estimation by Request
      5,710 SF

      469471 Monroe Ct

      OFFICE/RESIDENTIAL (MIXED USE) • 5,710 SF
      469471 Monroe Ct, Rochester, NY 14607-4005
      View Details
    • Value Estimation by Request
      5,243 SF

      201205 Monroe Ct

      OFFICE/RESIDENTIAL (MIXED USE) • 5,243 SF
      201205 Monroe Ct, Rochester, NY 14607-4005
      View Details
    • Value Estimation by Request
      4,251 SF

      25 Buckingham St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,251 SF
      25 Buckingham St, Rochester, NY 14607-2285
      View Details

    Similar Nearby for Sale

    • $324,900
      3,027 SF

      Prime Mixed-Use Redevelopment Opportunity

      Mixed-use property in vibrant Rochester corridor, ready for redevelopment.
      606 Monroe Ave, Rochester, NY 14607
      View Details
    • New
      $500,000
      Pending

      Rochester Multifamily Investment Opportunity

      Updated multifamily property in trendy Park Avenue area with parking.
      50 Rowley St, Rochester, NY 14607
      View Details
    • $299,900
      Pending

      Duplex with Separate Utilities

      Two-unit property with recent upgrades, ideal for owner-occupancy.
      14-16 Boardman St, Rochester, NY 14607
      View Details
    • $349,777
      Pending

      Meigs Street Multifamily Investment Opportunity

      Investment property with new kitchen, bathrooms, flooring, and more!
      262 Meigs St, Rochester, NY 14607
      View Details
    • $1,250,000

      Historic Building in Arts District

      Classic 1913 building in Rochester's vibrant arts neighborhood.
      31 Prince St, Rochester, NY 14607
      View Details
    • $749,900

      Two Apartment Buildings For Sale

      Two apartment-zoned buildings with off-street parking in prime location.
      33-35-37 Buena Pl, Rochester, NY 14607
      View Details

    Similar Nearby for Lease

    • $1.00 SF/Yr
      2,916 SF

      Freestanding Building in Emerging District

      High-visibility 2,916 SF building in Rochester's active retail corridor.
      266-270 Monroe Ave, Rochester, NY 14607
      View Details
    • $600 /Mo
      Pending

      Salon Suite with Full Bathroom

      Salon suite for lease with private bathroom and storage.
      269 Park Ave, Rochester, NY 14607
      View Details
    • Contact for pricing
      5,800 SF

      Rochester Office Building for Lease

      Two-story office building in Rochester's vibrant East End district.
      441 East Ave, Rochester, NY 14607
      View Details
    • Contact for pricing
      1,726 SF

      East Ave Retail Space Available

      1726 SF Restaurant/Cafe Space, Rochester, NY
      200 East Ave, Rochester, NY 14607
      View Details
    • $1,700 /Mo
      1,000 SF

      Rochester Office Space For Rent

      Office space in central location with parking and accessibility features.
      233 #3 Alexander St, Rochester, NY 14607
      View Details
    • $900 /Mo
      288 SF

      Rochester Office Space For Rent

      Office space near George Eastman House with parking included.
      167 Atlantic Ave, Rochester, NY 14607
      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.
    565 Monroe Ave, Unit 585
    Rochester, NY 14607-3117
    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!