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

    7383-7387 State Rte 96 Victor, NY 14564

    • Strip malls
    • 30,534 SF
    • 23.80 lot acres
    OFF-MARKET
    Last Sale
    May 26, 2023
    Value Estimations
    $375,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-5091639
    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

    • Strip malls

    Property Details for 7383-7387 State Rte 96

    Year built
    1988
    Lot size
    23.80 lot acres
    Property size
    30,534 SF
    Zone code
    COMM
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    324889 15.00-2-80.000
    APU
    3248891500280000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $375,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $368,000
      Market price range: $103k - $419k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $255,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Victor
    County
    Ontario
    State
    New York
    Longitude
    -77.4394
    Latitude
    43
    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
    $572,000
    $2,328,000
    $2,900,000
    -
    $724,053
    $2,946,847
    $3,670,900

    Comparable in this City

    • Value Estimation
      $665,000
      95,167 SF

      7550 Cmns Blvd, Unit 7560

      SHOPPING CENTER, STRIP CENTER • 95,167 SF
      7550 Cmns Blvd, Victor, NY 14564-1010
      View Details
    • Value Estimation
      $325,000
      6,946 SF

      1669 State Rte 96

      SHOPPING CENTER, STRIP CENTER • 6,946 SF
      1669 State Rte 96, Victor, NY 14564-9665
      View Details
    • Value Estimation
      $250,000
      13,668 SF

      1669 State Rte 96

      SHOPPING CENTER, STRIP CENTER • 13,668 SF
      1669 State Rte 96, Victor, NY 14564-9665
      View Details
    • Value Estimation
      $300,000
      10,648 SF

      100 Phoenix Mls Plz, Unit 410

      SHOPPING CENTER, STRIP CENTER • 10,648 SF
      100 Phoenix Mls Plz, Victor, NY 14564-1415
      View Details
    • Value Estimation
      $545,000
      145,904 SF

      10 Sq Dr, Unit 60

      SHOPPING CENTER, STRIP CENTER • 145,904 SF
      10 Sq Dr, Victor, NY 14564-1051
      View Details
    • Value Estimation
      $350,000
      211,069 SF

      10 Cobblestone Ct Dr, Unit 80

      REGIONAL SHOPPING CENTER, MALL • 211,069 SF
      10 Cobblestone Ct Dr, Victor, NY 14564-1044
      View Details

    Similar Nearby for Sale

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      840 SF building in the heart of Victor, New York.
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      Flexible Commercial Space on Route 96

      Flexible commercial space ideal for retail, office, or professional use.
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      Highly visible property in Victor, ideal for retail, flex, or office.
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    • $399,900

      Land in Honeoye Falls-Lima School

      Land suitable for building, farming, or equestrian activities.
      8045 Victor Mendon Rd, Mendon, NY 14564
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    • $199,000
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      Wooded Land Parcel in Victor

      2.6-acre wooded parcel ready for your dream home.
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      Land Parcel with Utilities Available

      Land with utilities, suitable for recreation, farming, or development.
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    Similar Nearby for Lease

    • $16 SF/Yr
      6,000 SF

      Prime Victor Retail Space

      Historic Main Street Shopping Center
      2 Main St, Victor, NY 14564
      View Details
    • Contact for pricing
      27,909 SF

      Prime Retail Space Near Eastview Mall

      Retail opportunity in a high-traffic location near major shopping.
      100 Cobblestone Court Dr, Victor, NY 14564
      View Details
    • Contact for pricing
      265,386 SF

      Victor Retail Power Center

      High-traffic retail spaces available.
      8000 Pittsford Victor Rd Rt 96, Victor, NY 14564
      View Details
    • Contact for pricing
      16,770 SF

      Retail or Flex Space Available

      5,000-17,000 SF available for lease with excellent visibility.
      7275 New York 96, Victor, NY 14564
      View Details
    • $12 SF/Yr
      17,455 SF

      Automotive Buildings with Parking Capacity

      Two buildings totaling 25,455 SF with 500-car capacity.
      6520 State Route 96, Victor, NY 14564
      View Details
    • Contact for pricing
      17,000 SF

      Victor Retail/Flex Space Available

      Retail or flex space for lease in Victor, NY.
      7275 State Route 96, Victor, NY 14564
      View Details
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    Victor, NY 14564
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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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