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

    717 Henrietta Rd Rochester, NY 14623-1405

    • Hotels
    • 50,202 SF
    • 2.54 lot acres
    OFF-MARKET
    Value Estimations
    $3,320,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3801912
    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

    • Holiday Inn Express Rochester - University Area / Hotel

    Property Details for 717 Henrietta Rd

    Year built
    1982
    Lot size
    2.54 lot acres
    Property size
    50,202 SF
    Zone code
    05 - COMMERCIAL
    Property type
    Hotels
    APN
    262000 149.09-1-1.102
    APU
    2620001490911102

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,865,000
      6.5%
      $4,490,000
      7%
      $4,170,000

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $5,160,000
      Current use
      AUTO REPAIR, GARAGE
      $5,355,000
      Change: +4% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $4,760,000
      Change: -8% Conversion: Difficult
      OFFICE BUILDING
      $4,465,000
      Change: -13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.617
    Latitude
    43.1071
    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
    $874,500
    $4,058,000
    $4,932,500
    -
    $1,249,281
    $5,797,119
    $7,046,400

    Comparable in this City

    • Value Estimation
      $5,270,000
      107,208 SF

      175 Jefferson Rd

      HOTEL • 107,208 SF
      175 Jefferson Rd, Rochester, NY 14623-2138
      View Details
    • Value Estimation
      $3,115,000
      59,430 SF

      700 Cmns Way

      HOTEL • 59,430 SF
      700 Cmns Way, Rochester, NY 14623-3147
      View Details
    • Value Estimation
      $4,730,000
      77,600 SF

      280 Clay Rd

      HOTEL • 77,600 SF
      280 Clay Rd, Rochester, NY 14623-3225
      View Details
    • Value Estimation
      $4,935,000
      77,600 SF

      280 Clay Rd

      HOTEL • 77,600 SF
      280 Clay Rd, Rochester, NY 14623-3225
      View Details
    • Value Estimation
      $3,515,000
      53,585 SF

      999 Jefferson Rd

      HOTEL • 53,585 SF
      999 Jefferson Rd, Rochester, NY 14623-3213
      View Details
    • Value Estimation
      $10,590,000
      183,054 SF

      1111 Jefferson Rd

      HOTEL • 183,054 SF
      1111 Jefferson Rd, Rochester, NY 14623-3155
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11.92 Acres

      Henrietta Theater Redevelopment

      75,800 SF prime retail redevelopment.
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      3.14 Acres

      Jefferson Road Industrial Land

      3.14 Acres, Vacant, Prime Location
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    • $1,650,000
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      Rochester Industrial Land - Prime Development Site

      2.5 Acres, I-390 Visibility, High Traffic
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    • $1,250,000
      3,242 SF

      Retail/Office Property on W. Henrietta

      Freestanding retail/office property with high visibility and ample parking.
      3740 West Henrietta Rd, Rochester, NY 14623
      View Details
    • Contact for pricing
      3,500 SF

      Established Restaurant with Long-Term Lease

      Profitable restaurant property with a brand new 15-year lease.
      245 Clay Rd, Rochester, NY 14623
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    • Contact for pricing
      105,000 SF

      High-Visibility Rochester Storefront

      105,000 SF Retail Space, Owner/User
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    Similar Nearby for Lease

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      351,816 SF

      Frontier Commons: Rochester Office Space

      Prime Rochester office suites, flexible sizes.
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      165,413 SF

      Henrietta Commons Retail Center

      High-traffic retail space available.
      3150 Henrietta Rd, Rochester, NY 14623
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    • Contact for pricing
      155,035 SF

      Winton Place: Retail & Office Space

      Prime Mixed-Use Center, 4 Suites Available
      3450 Winton Pl, Rochester, NY 14623
      View Details
    • $29 SF/Yr
      3,242 SF

      Free-Standing Retail/Office on Henrietta Road

      Retail/office property with high visibility and ample parking.
      3740 West Henrietta Rd, Rochester, NY 14623
      View Details
    • Contact for pricing
      31,049 SF

      Industrial Space with Loading Docks

      Industrial property featuring loading docks and high visibility.
      382-420 Jefferson Rd, Rochester, NY 14623
      View Details
    • Contact for pricing
      120,000 SF

      Industrial Land Ready For Development

      8 acres of developable land with approved industrial building.
      342 Clay Rd, Rochester, NY 14623
      View Details

    Property Visit Statistics

    • Visits by month
      7.2k
    • Visitors by month
      3.6k
    • Avg Time on site
      412 min
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    717 Henrietta Rd
    Rochester, NY 14623-1405
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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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