Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    602 Ridge Rd Webster, NY 14580
    Back to Search
    Property profile & analytics

    602 Ridge Rd, Webster, NY 14580

    View on Map
    • Turn key restaurants
    • 9,384 SF
    • 1.40 lot acres
    For Sale
    $350,000
    View Listing →
    Webster Office/Retail Redevelopment For Sale
    $350,000
    14,565 SF

    Webster Office/Retail Redevelopment

    Prime 1.4-acre corner lot, 14,565 sqft.

    602 Ridge Rd, Webster, NY 14580
    View Listing
    Property ID
    US63-6072169
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 602 Ridge Rd

    Year built
    1950
    Lot size
    1.40 lot acres
    Property size
    9,384 SF
    Property type
    Turn key restaurants
    APN
    265489 078.20-1-16
    APU
    26548907820116

    Description

    This exceptional 8,549 square foot property, situated on a 1.4-acre lot in Monroe County, presents a unique investment opportunity. Currently zoned for Medium Commercial use, the building previously operated as a 6,802 square foot restaurant and bar, offering significant potential for repurposing. The property boasts ample parking with 100 spaces and convenient access via Gravel Cross Street. The adaptable space is ideal for a variety of uses, including medical facilities, event spaces, restaurants, or offices. The seller is open to leasing the existing structure or collaborating on a build-to-suit project, tailored to the buyer's specific needs. Lease rates are negotiable, providing flexibility for prospective tenants. This versatile property offers a blank canvas for entrepreneurs and investors seeking a prime location in a thriving commercial area. The substantial size and ample parking make it an attractive option for businesses requiring significant space and convenient access for clients and staff. Don't miss this chance to acquire a highly adaptable property with immense potential in a desirable Monroe County location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Webster
    County
    Monroe
    State
    New York
    Longitude
    -77.4955
    Latitude
    43.2052
    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
    $143,800
    $31,201
    $175,001
    -
    $247,910
    $53,790
    $301,700

    Comparable in this City

    • Value Estimation
      $535,000
      8,353 SF

      1517 Empire Blvd

      RESTAURANT • 8,353 SF
      1517 Empire Blvd, Webster, NY 14580-2103
      View Details
    • Value Estimation by Request
      4,397 SF

      2245 Empire Blvd

      RESTAURANT • 4,397 SF
      2245 Empire Blvd, Webster, NY 14580-2001
      View Details
    • Value Estimation by Request
      1,933 SF

      2122 Empire Blvd

      RESTAURANT • 1,933 SF
      2122 Empire Blvd, Webster, NY 14580-1908
      View Details
    • Value Estimation
      $570,000
      5,381 SF

      1955 Empire Blvd

      RESTAURANT • 5,381 SF
      1955 Empire Blvd, Webster, NY 14580-1903
      View Details
    • Value Estimation
      $560,000
      4,788 SF

      1763 Empire Blvd

      RESTAURANT • 4,788 SF
      1763 Empire Blvd, Webster, NY 14580-2148
      View Details
    • Value Estimation by Request
      2,880 SF

      1205 Bay Rd

      RESTAURANT • 2,880 SF
      1205 Bay Rd, Webster, NY 14580-1961
      View Details

    Similar Nearby for Sale

    • $1,498,000
      11,605 SF

      Iconic Webster Commercial Opportunity

      Established destination with warehouse, retail store, and restaurant.
      699 Five Mile Line Rd, Webster, NY 14580
      View Details
    • $1,498,000
      11,605 SF

      Iconic Webster Commercial Opportunity

      Landmark property with warehouse, retail, and restaurant.
      699 Five Mile Line Rd, Webster, NY 14580
      View Details
    • $335,000

      Versatile Commercial Property in Webster

      Adaptable commercial space in a high-visibility location.
      729 Ridge Rd, Webster, NY 14580
      View Details
    • $479,900

      Commercial Acres with Auto Repair

      6.1 acres zoned LC-2, currently used for auto repairs.
      1576 Ridge Rd, Webster, NY 14580
      View Details
    • $649,900
      4,564 SF

      Webster Empire Blvd Redevelopment

      2.9-Acre Prime Webster Property, High Traffic
      1506 Empire Blvd, Webster, NY 14580
      View Details

    Similar Nearby for Lease

    • $30 SF/Yr
      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
    • $29 SF/Yr
      4,500 SF

      Freestanding Restaurant Space Available

      Freestanding restaurant space for rent on Empire Blvd.
      1960 Empire Blvd, Webster, NY 14580
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail property available for lease.
      950 Ridge Rd, Webster, NY 14580
      View Details
    • Contact for pricing

      Retail Space in Baytowne Square

      In-line retail spaces available in a neighborhood shopping center.
      1855 Empire Blvd, 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
      View Details
    • $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
    View Listing
    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.
    602 Ridge Rd
    Webster, NY 14580
    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

    Thank You for Inquiry
    602 Ridge Rd, Webster, NY, 14580
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!