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Property profile & analytics
FOR LEASE
Strip malls
7374 Pittsford Palmyra Rd Fairport, NY 14450
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-1733580
For Lease
1 / 5
$15 SF/Yr
7374 Pittsford Palmyra Rd, Fairport, NY 14450
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1988
Total area
9,522 SF
Lot
6.34 ac (276,170 SF)
Zoning code
COMMERCIAL
APN
264489 180.08-1-16
UPID
US63-1733580
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · 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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$895k
Owner & transaction history
Pittsford Realty Corp · 6 yrs held
Pittsford Realty Corp
since 2020
3 recorded transactions
Zoning & alternative use
COMMERCIAL · Fairport, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.1M
+68.5%
Auto repair, garage
$1.1M
+62.7%
Office building
$860,000
+29.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fairport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairport submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
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
Blend value · Realmo final
$895k
Range $806k – $985k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$94 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$1,465,500
Assessed 2023
Previous assessed
$2,087,100
-29.8% YoY
Assessed land
$805,800
Assessed improvement
$659,700
Land market value
$1,134,930
Improvement market value
$929,155
Total market value
$2,064,085
Applied tax rate
264,401.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1988
Heating
NONE
Cooling
PARTIAL
Buildings
4
Stories
1
Total area
9,522 SF
Lot
6.34 ac (276,170 SF)
Zoning code
COMMERCIAL
APN
264489 180.08-1-16
UPID
US63-1733580
Jurisdiction
MONROE
Zoning & alternative use
COMMERCIAL · Fairport, NY
Zoning COMMERCIAL · permitted uses
COMMERCIAL · Fairport, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fairport. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$665,000
RESTAURANT
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.1M
OFFICE BUILDING
Est. value
$860,000
COMMERCIAL (GENERAL)
Est. value
$685,000
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Lot
6.34 ac
Current owner
From public records · entity-resolved
Pittsford Realty Corp
Entity
Mailing address
100 LINDEN OAKS, ROCHESTER, NY 14625-2840
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2020
—
Pittsford Realty Corp
—
Deed
related
$519,229 · Lyons Nat'l Bk
—
—
Pittsford Realty Corp
—
Deed Of Trust
related
$519,229 · Lyons Nat'l Bk
—
—
Pittsford Realty Corp
—
Loan Modification
related
$1,120,000 · Lyons Nat'l Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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