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    Property profile & analytics

    8 Main St Pittsford, NY 14534

    • Office buildings
    • 2,242 SF
    • 0.11 lot acres
    For Sale
    View listing
    $750,000
    Value Estimations
    Cap Rate Potential
    7.5%
    Office buildings
    Location Intelligence
    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.

    Current Use by Public Records

    • Strategic Triangle Inc / Business Management Consultant

    Property Details for 8 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

      Method
      Estimation
      ML approach
      $240,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $300,000
      6.5%
      $275,000
      7%
      $255,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $260,000
      Market price range: $99.4k - $309k
      AI Estimate
      $211,000
      Market price range: $53.4k - $260k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $200,000
      Current use
      AUTO REPAIR, GARAGE
      $255,000
      Change: +26% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $160,000
      Change: -20% Conversion: Easy

    Get a detailed, property-specific valuation — 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

    • Value Estimation
      $3,330,000
      8,948 SF

      2851 Clover St

      PROFESSIONAL BUILDING • 8,948 SF
      2851 Clover St, Pittsford, NY 14534-1711
      View Details
    • Value Estimation
      $250,000
      1,222 SF

      59 Monroe Ave Ste D

      PROFESSIONAL BUILDING • 1,222 SF
      59 Monroe Ave Ste D, Pittsford, NY 14534-1308
      View Details
    • Value Estimation
      $260,000
      8,106 SF

      11 State St

      OFFICE BUILDING • 8,106 SF
      11 State St, Pittsford, NY 14534-2051
      View Details
    • Value Estimation
      $330,000
      7,935 SF

      60 Ofc Park Waypvt

      PROFESSIONAL BUILDING • 7,935 SF
      60 Ofc Park Waypvt, Pittsford, NY 14534-1742
      View Details
    • Value Estimation
      $350,000
      8,330 SF

      130 Ofc Park Waypvt

      PROFESSIONAL BUILDING • 8,330 SF
      130 Ofc Park Waypvt, Pittsford, NY 14534-1761
      View Details
    • Value Estimation
      $230,000
      1,673 SF

      59 Monroe Ave Ste B

      PROFESSIONAL BUILDING • 1,673 SF
      59 Monroe Ave Ste B, Pittsford, NY 14534-1308
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      High-Tech Mixed-Use Commercial Building

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      Pittsford Village Green Office Condominium

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      Pittsford Office Building For Sale

      Historic Village, 2,250 SF Office
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      Pittsford Commercial Building For Sale

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    • Contact for pricing

      Vacant Land Near Pinnacle Church

      Approximately 4 acres of vacant land in Henrietta, New York.
      250 Pinnacle Rd, Pittsford, NY 14534
      View Details
    • $89,900
      0.27 Acres

      Residential Land in Pittsford, NY

      Land ideal for small house design in Pittsford, NY.
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    Similar Nearby for Lease

    • Contact for pricing
      156,904 SF

      Class A Office Space Available

      60,000 SF office space for rent in Pittsford, NY.
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    • $18 SF/Yr
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      Pittsford Office Park: Prime Location

      Modern office suites, flexible sizes, ideal Pittsford setting.
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      View Details
    • Contact for pricing
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      Pittsford Office Park Investment

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      View Details
    • $15 SF/Yr
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      Office Space in Pittsford, NY

      Office space available for lease in Pittsford, New York.
      50 State St, Pittsford, NY 14534
      View Details
    • Contact for pricing
      1,792 SF

      Office Space Near I-490

      Office space with convenient highway access and ample parking.
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      Pittsford Village Office Suite

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      View Details
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    8 Main St
    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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