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

    760 Canning Pkwy Victor, NY 14564

    • Office buildings
    • 15,000 SF
    • 3.20 lot acres
    For Lease
    View listing
    $14 SF/Yr
    Last Sale
    May 14, 2021
    $1,515,000
    Value Estimations
    $1,385,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1739944
    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

    • Washer Solutions / Home Appliance Store
    • Newpath Learning / (Bike/Boat/Book/etc) Store
    • Magnus Learning LLC / Training Center / Tutoring Service

    Property Details for 760 Canning Pkwy

    Year built
    2003
    Lot size
    3.20 lot acres
    Property size
    15,000 SF
    Zone code
    LI
    Property type
    Office buildings
    APN
    324889 14.02-1-54.300
    APU
    3248891402154300

    Description

    This exceptional 3,782 square-foot flex space in Victor, NY, presents a unique opportunity for businesses seeking a blend of office and warehouse functionality. The single-story building, totaling 15,200 square feet, is divided into three suites, with this particular unit offering 1,417 square feet of office space and 1,923 square feet of warehouse/distribution/service area. High ceilings, ranging from 15 to 20 feet, provide ample vertical space for storage or specialized equipment. Operational efficiency is maximized with the inclusion of an overhead door and convenient access to a shared loading dock, complemented by two drive-in bays for the entire building. Situated on a 3.2-acre lot, this property benefits from the desirable Victor location, offering a practical and convenient setting for various business types. The zoning is designated as Industrial, ensuring suitability for a wide range of industrial and flex-use operations. This space is immediately available and represents a strong investment in a thriving community. The property features two loading docks and two drive-in doors for easy access and efficient material handling. Don't miss this chance to establish your business in a sought-after location that supports growth and streamlined operations. This is a single-building property with multiple suites. The minimum divisible space is 3,782 square feet, and the maximum contiguous space available is also 3,782 square feet.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,205,000
      ML approach
      $1,270,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,422,000
      Market price range: $685k - $1.75M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,420,000
      Current use
      AUTO REPAIR, GARAGE
      $1,660,000
      Change: +17% Conversion: Difficult
      RESTAURANT
      $1,445,000
      Change: +2% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $1,445,000
      Change: +2% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Victor
    County
    Ontario
    State
    New York
    Longitude
    -77.4704
    Latitude
    43.0011
    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
    $380,000
    $700,000
    $1,080,000
    -
    $481,017
    $886,083
    $1,367,100

    Comparable in this City

    • Value Estimation
      $1,985,000
      16,694 SF

      85 Main St

      OFFICE BUILDING • 16,694 SF
      85 Main St, Victor, NY 14564-1301
      View Details
    • Value Estimation
      $2,580,000
      22,679 SF

      1595 Moseley Rd

      OFFICE BUILDING • 22,679 SF
      1595 Moseley Rd, Victor, NY 14564-9632
      View Details
    • Value Estimation
      $1,450,000
      33,385 SF

      7910 Lehigh Xing

      OFFICE BUILDING • 33,385 SF
      7910 Lehigh Xing, Victor, NY 14564-9023
      View Details
    • Value Estimation by Request
      4,687 SF

      111 Victor Hts Pkwy

      OFFICE BUILDING • 4,687 SF
      111 Victor Hts Pkwy, Victor, NY 14564-8938
      View Details
    • Value Estimation by Request
      3,016 SF

      100 Victor Hts Pkwy

      OFFICE BUILDING • 3,016 SF
      100 Victor Hts Pkwy, Victor, NY 14564-8934
      View Details
    • Value Estimation
      $625,000
      7,188 SF

      7632 County Rd 42

      OFFICE BUILDING • 7,188 SF
      7632 County Rd 42, Victor, NY 14564-8906
      View Details

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      Land suitable for building, farming, or equestrian activities.
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    Similar Nearby for Lease

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      View Details
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    760 Canning Pkwy
    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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