Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7374 Pittsford Palmyra Rd Fairport, NY 14450
    Back to Search
    Property profile & analytics

    7374 Pittsford Palmyra Rd, Fairport, NY 14450

    View on Map
    • Strip malls
    • 9,522 SF
    • 6.34 lot acres
    For Lease
    $15 SF/Yr
    View Listing →
    Retail Space in Town Centre Plaza For Lease
    $15 SF/Yr
    38,195 SF

    Retail Space in Town Centre Plaza

    Retail spaces available in a busy plaza on Pittsford Palmyra Road.

    Fairport, NY 14450
    View Listing
    Property ID
    US63-1733580
    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

    • Fit | Strength Performance / Life Coach / Basketball Club
    • Saks Thai Cuisine Inc / Restaurant
    • Perinton Pizza Emporium / Restaurant
    • Renovations By the Morton Group / Hardware & Home Improvement / Furniture & Home Goods
    • Venetian Nails Bar / Nail Salon

    Property Details for 7374 Pittsford Palmyra Rd

    Year built
    1988
    Lot size
    6.34 lot acres
    Zone code
    COMMERCIAL
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    264489 180.08-1-16
    APU
    26448918008116

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 31, 2020 — Pittsford Realty Corp — Deed · related $519k · Lyons Nat'l Bk
    — — Pittsford Realty Corp — Deed Of Trust · related $519k · Lyons Nat'l Bk
    — — Pittsford Realty Corp — Loan Modification · related $1.1M · Lyons Nat'l Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,103,000
      Market price range: $280k - $1.10M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $665,000
      Current use
      RESTAURANT
      $1,120,000
      Change: +69% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,080,000
      Change: +63% Conversion: Difficult
      OFFICE BUILDING
      $860,000
      Change: +29% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $685,000
      Change: +3% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairport
    County
    Monroe
    State
    New York
    Longitude
    -77.4115
    Latitude
    43.0653
    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
    $805,800
    $659,700
    $1,465,500
    -
    $1,134,930
    $929,155
    $2,064,085

    Comparable in this City

    • Value Estimation
      $2,025,000
      120,587 SF

      50 Main St

      SHOPPING CENTER, STRIP CENTER
      50 Main St, Fairport, NY 14450
      View Details
    • Value Estimation
      $4,300,000
      48,509 SF

      6687 Pittsford Palmyra Rd

      SHOPPING CENTER, STRIP CENTER
      6687 Pittsford Palmyra Rd, Fairport, NY 14450-3403
      View Details
    • Value Estimation
      $4,135,000
      45,772 SF

      557 Moseley Rd, Unit 595

      SHOPPING CENTER, STRIP CENTER
      557 Moseley Rd, Fairport, NY 14450-3367
      View Details
    • Value Estimation by Request
      3,196 SF

      2 Courtney Dr, Unit 18

      SHOPPING CENTER, STRIP CENTER
      2 Courtney Dr, Fairport, NY 14450-3338
      View Details
    • Value Estimation
      $1,610,000
      6,039 SF

      2150 Frpt 9th Mile Pt Rd

      SHOPPING CENTER, STRIP CENTER
      2150 Frpt 9th Mile Pt Rd, Fairport, NY 14450
      View Details
    • Value Estimation
      $1,105,000
      42,890 SF

      11 Main St

      SHOPPING CENTER, STRIP CENTER
      11 Main St, Fairport, NY 14450
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,334 SF

      Panera Bread Investment Opportunity

      Property leased to Panera Bread in prime location.
      9 Nine Mile Point Rd E, Penfield, NY 14450
      View Details
    • Contact for pricing
      3,500 SF

      Fairport Retail Property For Sale

      Retail property with a new 20-year lease in Penfield, NY.
      2146 Fairport Nine Mile Point Rd, Penfield, NY 14450
      View Details
    • Contact for pricing

      Fairport Commercial Land on Route 31

      1.26 acres on Route 31 at signalized intersection.
      7477 Pittsford Palmyra Rd, Fairport, NY 14450
      View Details
    • $599,900
      43,560 SF

      Fairport Commercial Land Opportunity

      15 Acres, Route 31 Access, High Potential
      23 Pannell Cir, Fairport, NY 14450
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Premier Shopping Center Location

      High-traffic shopping center with retail, medical, and service tenants.
      6687 Pittsford Palmyra Rd, Fairport, NY 14450
      View Details
    • Contact for pricing
      38,195 SF

      Retail Space in Town Centre Plaza

      Retail spaces available in a busy plaza on Pittsford Palmyra Road.
      7374 Pittsford Palmyra Rd, Fairport, NY 14450
      View Details
    • $15 SF/Yr
      38,195 SF

      Fairport Retail Space For Rent

      Retail spaces available in successful Town Centre Plaza, Fairport, NY.
      7374 Pittsford Palmyra Rd, Fairport, NY 14450
      View Details
    • Contact for pricing
      3,080 SF

      Retail Space in Fairport Center

      Multi-tenant retail space available in Fairport, New York.
      2150 Frpt 9 Mile Pt Rd, Fairport, NY 14450
      View Details
    • Contact for pricing
      1,100 SF

      Retail/Office Space with Parking

      Retail or office space with ample off-street parking.
      138 Fairport Village Lndg, Fairport, NY 14450
      View Details
    • Contact for pricing
      3,555 SF

      Redeveloped Retail Space in Fairport

      Customizable retail spaces in a redeveloped warehouse, Fairport, NY.
      75 N Main St, Fairport, NY 14450
      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.
    7374 Pittsford Palmyra Rd
    Fairport, NY 14450
    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
    7374 Pittsford Palmyra Rd, Fairport, NY, 14450
    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!