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    599 Phillips Rd Webster, NY 14580-9672
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    Property profile & analytics

    599 Phillips Rd, Webster, NY 14580-9672

    View on Map
    • Warehouses
    • 5,750 SF
    • 2.80 lot acres
    Off-Market
    Property ID
    US63-6219147
    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.
    Value Estimations
    $505,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Larry Masci Electric / Electrical Service / General Contractor
    • SelfStoragenear.me / Storage Facility

    Property Details for 599 Phillips Rd

    Year built
    2016
    Lot size
    2.80 lot acres
    Zone code
    6
    Property type
    Warehouses
    APN
    265489 065.01-1-26
    APU
    26548906501126

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 16, 2020 — Anex Properties LLC — Deed · related $982k · Genesee Reg'l Bk
    Oct 19, 2018 — Anex Properties LLC — Deed · related $851k · Genesee Reg'l Bk
    Feb 2, 2017 — Anex Properties LLC Larry Masci Quit Claim Deed · related $1.2M · Genesee Reg'l Bk
    Apr 5, 2016 $200,000 Larry Masci Nickyle Properties LLC Warranty Deed —
    Mar 18, 2005 — Nickyle Properties LLC Ruggeri,anthony C Warranty Deed · related —
    Aug 12, 2004 $120,000 Anthony C Ruggeri Anderson,alice C Warranty Deed $100k · Alice C Anderson
    — — Anex Properties LLC — Loan Modification · related $851k · Genesee Reg'l Bk
    — — Anex Properties LLC — Deed Of Trust · related $873k · Industrial Dev Auth
    — — Monroe Cnty Indl Dev Corp — Deed Of Trust · related $1.1M · Genesee Reg'l Bk
    — — Nickyle Properties LLC — Deed Of Trust · related $380k · Steuben Tr Co
    — — Anex Properties LLC — Loan Modification · related $982k · Genesee Reg'l Bk
    — — Anthony C Ruggeri — Deed Of Trust · related $78k · Arnold A Anderson

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $345,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $663,000
      Market price range: $127k - $668k

    • Alternative Use

      Use
      Estimation
      WASTE DISPOSAL, SEWAGE (PROCESSING, DISPOSAL, STORAGE, TREATMENT)
      $385,000
      Current use
      COMMERCIAL (GENERAL)
      $585,000
      Change: +52% Conversion: Difficult
      RESTAURANT
      $500,000
      Change: +29% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $500,000
      Change: +29% Conversion: Difficult
      OFFICE BUILDING
      $425,000
      Change: +9% Conversion: Difficult
      MEDICAL BUILDING
      $360,000
      Change: -7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Webster
    County
    Monroe
    State
    New York
    Longitude
    -77.4207
    Latitude
    43.2356
    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
    $185,300
    $1,229,100
    $1,414,400
    -
    $319,480
    $2,119,120
    $2,438,600

    Comparable in this City

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      $595,000
      8,600 SF

      4 Self Storage Way

      WAREHOUSE, STORAGE
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    • Value Estimation
      $815,000
      4,410 SF

      102 Commercial St, Unit 122

      WAREHOUSE, STORAGE
      102 Commercial St, Webster, NY 14580-3108
      View Details
    • Value Estimation
      $11,500,000
      47,520 SF

      1039 Rdg Rd

      BULK STORAGE, TANKS
      1039 Rdg Rd, Webster, NY 14580-2907
      View Details
    • Value Estimation
      $850,000
      43,610 SF

      545 Basket Rd

      WAREHOUSE, STORAGE
      545 Basket Rd, Webster, NY 14580-9610
      View Details
    • Value Estimation
      $615,000
      21,700 SF

      749 Holt Rd

      WAREHOUSE, STORAGE
      749 Holt Rd, Webster, NY 14580-9107
      View Details
    • Value Estimation by Request
      1,800 SF

      639 Phillips Rd

      WAREHOUSE, STORAGE
      639 Phillips Rd, Webster, NY 14580-9673
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Established destination with warehouse, retail store, and restaurant.
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      11,605 SF

      Iconic Webster Commercial Opportunity

      Landmark property with warehouse, retail, and restaurant.
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      Approved Building Lot in Webster

      3.5-acre building lot ready for your dream home!
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      Webster Development Site For Sale

      Land available for development in Webster, New York.
      Webster Development Site, Webster, NY 14580
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    • $479,900

      Commercial Acres with Auto Repair

      6.1 acres zoned LC-2, currently used for auto repairs.
      1576 Ridge Rd, Webster, NY 14580
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    Similar Nearby for Lease

    • $8 SF/Yr
      11,956 SF

      Webster Warehouse - 6,000 SF Available

      Prime Webster warehouse space for lease. Ideal for distribution or retail.
      191 Main St, Webster, NY 14580
      View Details
    • Contact for pricing

      Webster Warehouse Space For Lease

      Warehouse space available in Empire Ridge Plaza, Webster, NY.
      657 Ridge Rd, Webster, NY 14580
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      Webster Retail Space Available

      Prime retail spaces in Webster's retail corridor with high visibility.
      980 Ridge Rd, Webster, NY 14580
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      14,690 SF

      Freestanding Building with Drive-Thru

      Corner lot with drive-thru in a growing retail corridor.
      985 Ridge Rd, Webster, NY 14580
      View Details
    • Contact for pricing

      Sub-divisible Land Lot For Lease

      Large land lot available for ground lease or build-to-suit.
      991 Ridge Rd, Webster, NY 14580
      View Details
    • Contact for pricing

      Land For Rent Webster, NY

      Land available for rent in Webster, NY.
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      View Details
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    Webster, NY 14580-9672
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    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
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