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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6894 Pittsford Palmyra Rd Fairport, NY 14450

    • Office buildings
    • 10,904 SF
    • 16.25 lot acres
    OFF-MARKET
    Last Sale
    Mar 25, 2024
    Value Estimations
    $1,385,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1114974
    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

    • Angelheart Massage Therapy / Massage Therapist

    Property Details for 6894 Pittsford Palmyra Rd

    Year built
    1980
    Lot size
    16.25 lot acres
    Property size
    10,904 SF
    Zone code
    RESTRC BUS
    Property type
    Office buildings
    APN
    264489 166.17-2-21./TX1
    APU
    26448916617221TX1

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,460,000
      6.5%
      $1,345,000
      7%
      $1,250,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,500,000
      Market price range: $484k - $1.50M
      AI Estimate
      $1,307,000
      Market price range: $278k - $1.31M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $985,000
      Current use
      RESTAURANT
      $1,280,000
      Change: +30% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,240,000
      Change: +26% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairport
    County
    Monroe
    State
    New York
    Longitude
    -77.4343
    Latitude
    43.0706
    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
    $997,500
    $851,500
    $1,849,000
    -
    $1,404,916
    $1,199,284
    $2,604,200

    Comparable in this City

    • Value Estimation by Request
      1,120 SF

      6800 Pittsford Palmyra Rd Ste, Unit 230

      OFFICE BUILDING • 1,120 SF
      6800 Pittsford Palmyra Rd Ste, Fairport, NY 14450-3514
      View Details
    • Value Estimation by Request
      1,120 SF

      6800 Pittsford Palmyra Rd Ste, Unit 260

      OFFICE BUILDING • 1,120 SF
      6800 Pittsford Palmyra Rd Ste, Fairport, NY 14450-3514
      View Details
    • Value Estimation by Request
      1,120 SF

      6800 Pittsford Palmyra Rd Ste, Unit 250

      OFFICE BUILDING • 1,120 SF
      6800 Pittsford Palmyra Rd Ste, Fairport, NY 14450-3503
      View Details
    • Value Estimation
      $4,075,000
      14,138 SF

      4400 9th Mile Pt Rd

      OFFICE BUILDING • 14,138 SF
      4400 9th Mile Pt Rd, Fairport, NY 14450-8824
      View Details
    • Value Estimation
      $1,780,000
      59,949 SF

      72 Perinton Pkwy

      OFFICE BUILDING • 59,949 SF
      72 Perinton Pkwy, Fairport, NY 14450-9107
      View Details
    • Value Estimation
      $1,145,000
      9,000 SF

      2154 Frpt 9th Mile Pt Rd

      PROFESSIONAL BUILDING • 9,000 SF
      2154 Frpt 9th Mile Pt Rd, Fairport, NY 14450
      View Details

    Similar Nearby for Sale

    • $1,200,000
      7,075 SF

      2 Buildings on the 0.55 AC For Sale

      2 Buildings on the 0.55 AC For Sale
      84 S Main Street, Perinton, NY 14450
      View Details
    • $850,000
      6,651 SF

      Fairport Village Business Opportunity

      Commercial property in Fairport, NY, suitable for various service businesses.
      76 S Main St, Fairport, NY 14450
      View Details
    • Contact for pricing
      0.46 Acres

      Fairport Commercial Land - $19,900

      0.46-acre commercial lot in Fairport, NY.
      0 Brentwood Ln, Fairport, NY 14450
      View Details
    • Contact for pricing

      2.62 Acre Development Site

      Development site near Erie Canal and Village of Fairport.
      96 Oconnor Rd, Fairport, NY 14450
      View Details
    • $99,900

      Secluded Parcel Near Canal Path

      Quiet, secluded land parcel suitable for building or recreation.
      Lyndon Rd, Fairport, NY 14450
      View Details
    • Contact for pricing

      Fairport, NY Commercial Land

      16.1 Acres, Prime Development Opportunity
      8146 Pittsford Palmyra Rd, Fairport, NY 14450
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      16,041 SF

      Class A Office Building Fairport

      Two-story office building with modern space and abundant parking.
      400 Willowbrook Office Park, Fairport, NY 14450
      View Details
    • $23 SF/Yr
      21,596 SF

      Fairport Office Building For Lease

      Class A office space with high traffic exposure in Fairport.
      1157 Fairport Rd, Fairport, NY 14450
      View Details
    • Contact for pricing
      33,380 SF

      Fairport Office Space for Lease

      Centrally located office space with abundant parking and 24/7 support.
      600 Willowbrook Office Park, Fairport, NY 14450
      View Details
    • Contact for pricing
      3,304 SF

      Fairport Office Space Available

      Office suites available for immediate occupancy with flexible lease terms.
      295 Woodcliff Dr, Fairport, NY 14450
      View Details
    • $12 SF/Yr
      2,190 SF

      Fairport Office Space For Rent

      Office space for lease in Crosskeys Office Park.
      302-308 Cross Keys Office Park, Fairport, NY 14450
      View Details
    • $12 SF/Yr
      11,511 SF

      Fairport Medical Office Space

      Prime Medical Office Suites, Fairport NY
      6894 Pittsford Palmyra Rd, Fairport, NY 14450
      View Details
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    Fairport, NY 14450
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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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