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    6348 Furnace Rd Ontario, NY 14519-9760
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    Property profile & analytics

    6348 Furnace Rd Ontario, NY 14519-9760

    View on Map
    • Showrooms
    • 3,315 SF
    • 1.35 lot acres
    Off-Market
    Last Sale Dec 19, 2022
    $160,000
    Property ID
    US63-0139078
    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

    • CMI Structural Solutions Inc / Construction Company

    Property Details for 6348 Furnace Rd

    Lot size
    1.35 lot acres
    Property size
    3,315 SF
    Zone code
    BT
    Property type
    Showrooms
    APN
    543400 63117-10-469735
    APU
    5434006311710469735

    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
    Ontario
    County
    Wayne
    State
    New York
    Longitude
    -77.2793
    Latitude
    43.229
    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
    $94,700
    $77,000
    $171,700
    -
    $112,738
    $91,667
    $204,405

    Comparable in this City

    • Value Estimation by Request
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      145 State Rte 104

      SHOW ROOM, WAREHOUSE • 13,600 SF
      145 State Rte 104, Ontario, NY 14519-8957
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    • Value Estimation
      $610,000
      17,600 SF

      2043 State Rte 104

      SHOW ROOM, WAREHOUSE • 17,600 SF
      2043 State Rte 104, Ontario, NY 14519-8934
      View Details
    • Value Estimation by Request
      9,991 SF

      2030 State Rte 104

      SHOW ROOM, WAREHOUSE • 9,991 SF
      2030 State Rte 104, Ontario, NY 14519-8934
      View Details
    • Value Estimation by Request
      9,680 SF

      6350 Dean Pkwy

      SHOW ROOM, WAREHOUSE • 9,680 SF
      6350 Dean Pkwy, Ontario, NY 14519-8970
      View Details
    • Value Estimation by Request
      2,300 SF

      6277 Furnace Rd

      SHOW ROOM, WAREHOUSE • 2,300 SF
      6277 Furnace Rd, Ontario, NY 14519-8974
      View Details
    • Value Estimation by Request
      5,000 SF

      406 State Rte 104

      SHOW ROOM, WAREHOUSE • 5,000 SF
      406 State Rte 104, Ontario, NY 14519-8916
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Retail Pad in Ontario

      1.1-acre retail pad with high visibility and traffic.
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    • $249,900
      1.35 Acres

      Commercial Lot on Route 104

      Highly visible commercial lot on a busy route.
      1782 State Route 104, Ontario, NY 14519
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    Similar Nearby for Lease

    • $14 SF/Yr
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      Dunkin' Anchored Retail Plaza

      Retail space available in a high-traffic plaza anchored by Dunkin'.
      1873 State Route 104, Ontario, NY 14519
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    • $9 SF/Yr
      3,000 SF

      Office/Retail Space for Lease

      3,000 SF office/retail space available for lease.
      476 State Route 104, Ontario, NY 14519
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    • $3,501 /Mo

      Prime Retail Space on Knickerbocker

      Retail space in Ontario, NY, high traffic location.
      6355 Knickerbocker Rd, Ontario, NY 14519
      View Details
    • Contact for pricing
      5,000 SF

      Dominant Shopping Center in Ontario

      Anchored shopping center with long-term tenants on heavily driven route.
      6254-6272 Furnace Rd, Ontario, NY 14519
      View Details
    • New
      $425,000
      1,872 SF

      Auto Sales Opportunity on Route 104

      Turnkey auto sales location for lease or sale.
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    • $350 /Mo
      88 SF

      Office Space with Utilities Included

      Office space for rent with utilities, Wi-Fi, and shared amenities.
      1652 State Route 104, Ontario, NY 14519
      View Details
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    Ontario, NY 14519-9760
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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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