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    8 N Main St Pittsford, NY 14534
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    8 N Main St Pittsford, NY 14534

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    • Office buildings
    • 2,242 SF
    • 0.11 lot acres
    For Sale
    $750,000
    View Listing →
    Office For Sale
    $750,000
    2,250 SF

    Office

    Office buildings · 2,250 SF

    8 N Main St, Pittsford, NY 14534
    View Listing
    Property ID
    US63-6041781
    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

    • Strategic Triangle Inc / Business Management Consultant

    Property Details for 8 N Main St

    Year built
    1840
    Lot size
    0.11 lot acres
    Property size
    2,242 SF
    Property type
    Office buildings
    APN
    264601 151.18-3-26
    APU
    26460115118326

    Description

    This exceptional 2,250 square foot office building, situated in the heart of the Village of Pittsford, NY, presents a unique investment opportunity. Built in 1840, this two-story building boasts excellent condition and offers multiple entrances, ample off-street parking, and the potential for single or multi-tenant occupancy. Currently vacant, the property is ideally located in a highly walkable area, surrounded by thriving businesses, restaurants, and retail shops. The building sits on a 0.11-acre lot and benefits from its location within a Historic Preservation District, opening up possibilities for tax credits on eligible renovations. Annual property taxes are $13,378.77, and insurance premiums total $1,021.63 per year. The asking price is $750,000, translating to $333.33 per square foot. Its proximity to the Erie Canal Heritage Trail and downtown Rochester (less than 15 minutes away) adds to its appeal. This property offers a blend of historic charm and modern convenience, making it an attractive investment for owner-users or investors seeking a prime location in a desirable community. A Matterport 3D virtual tour is available for a comprehensive view of the property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Pittsford
    County
    Monroe
    State
    New York
    Longitude
    -77.5147
    Latitude
    43.0911
    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
    $122,000
    $165,500
    $287,500
    -
    $169,442
    $229,858
    $399,300

    Comparable in this City

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      38,448 SF

      1162 Pittsford Victor Rd

      OFFICE BUILDING • 38,448 SF
      1162 Pittsford Victor Rd, Pittsford, NY 14534-3830
      View Details
    • Value Estimation
      $995,000
      7,893 SF

      101 Sullys Trl

      OFFICE BUILDING • 7,893 SF
      101 Sullys Trl, Pittsford, NY 14534-4552
      View Details
    • Value Estimation
      $5,600,000
      53,931 SF

      171 Sullys Trl

      OFFICE BUILDING • 53,931 SF
      171 Sullys Trl, Pittsford, NY 14534-4557
      View Details
    • Value Estimation
      $805,000
      6,997 SF

      183 Sullys Trl

      OFFICE BUILDING • 6,997 SF
      183 Sullys Trl, Pittsford, NY 14534-4559
      View Details
    • Value Estimation
      $1,340,000
      19,312 SF

      1170 Pittsford Victor Rd

      OFFICE BUILDING • 19,312 SF
      1170 Pittsford Victor Rd, Pittsford, NY 14534-3804
      View Details

    Similar Nearby for Sale

    • $750,000
      2,250 SF

      8 N Main St, Pittsford, NY 14534

      Office buildings • 2,250 SF
      8 N Main St, Pittsford, NY 14534
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      38,560 SF

      High-Tech Mixed-Use Commercial Building

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      Residential Land in Pittsford, NY

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      Pittsford Land with Development Potential

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    Similar Nearby for Lease

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      Office Space in Pittsford Location

      Office space in park-like setting, easily accessible location.
      145 Trl Sully's, Pittsford, NY 14534
      View Details
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      1,120 SF

      Office Space in Pittsford, NY

      Office space available for lease in Pittsford, New York.
      1169 Pittsford Victor Rd, Pittsford, NY 14534
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      Office Space Near Downtown

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    • $14 SF/Yr
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      Meadowgate Office Park: Prime Medical Space

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    Pittsford, NY 14534
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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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