Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    83-85 Howell St Rochester, NY 14607

    • Investment properties
    • 8,033 SF
    • 0.24 lot acres
    OFF-MARKET
    Last Sale
    Jul 21, 2021
    $200,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2998009
    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

    • SHREDIKIT / (Bike/Boat/Book/etc) Store

    Property Details for 83-85 Howell St

    Year built
    1920
    Lot size
    0.24 lot acres
    Property size
    8,033 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    261400 121.40-2-8
    APU
    2614001214028

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.6017
    Latitude
    43.1507
    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
    $41,000
    $159,800
    $200,800
    -
    $49,398
    $192,530
    $241,928

    Comparable in this City

    • Value Estimation by Request
      5,376 SF

      16 Gardiner Park

      OFFICE/RESIDENTIAL (MIXED USE) • 5,376 SF
      16 Gardiner Park, Rochester, NY 14607-1812
      View Details
    • Value Estimation
      $9,915,000
      97,843 SF

      61 Un St, Unit 91

      OFFICE/RESIDENTIAL (MIXED USE) • 97,843 SF
      61 Un St, Rochester, NY 14607-1962
      View Details
    • Value Estimation by Request
      2,948 SF

      698 University Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,948 SF
      698 University Ave, Rochester, NY 14607
      View Details
    • Value Estimation
      $6,315,000
      71,588 SF

      1255 University Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 71,588 SF
      1255 University Ave, Rochester, NY 14607-1643
      View Details
    • Value Estimation
      $7,295,000
      71,923 SF

      250 Alexander St

      OFFICE/RESIDENTIAL (MIXED USE) • 71,923 SF
      250 Alexander St, Rochester, NY 14607-2572
      View Details
    • Value Estimation
      $550,000
      4,807 SF

      21 Prince St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,807 SF
      21 Prince St, Rochester, NY 14607-1405
      View Details

    Similar Nearby for Sale

    • $324,900
      3,027 SF

      Prime Mixed-Use Redevelopment Opportunity

      Mixed-use property in vibrant Rochester corridor, ready for redevelopment.
      606 Monroe Ave, Rochester, NY 14607
      View Details
    • Contact for pricing
      10,099 SF

      East Avenue Event Venue

      10,099 SF building in Rochester's East End entertainment district.
      384 East Ave, Rochester, NY 14607
      View Details
    • New
      $399,900
      3,175 SF

      Remodeled Three-Unit Multifamily Property

      Well-maintained Rochester multifamily property with remodeled owner's unit.
      636 University Ave, Rochester, NY 14607
      View Details
    • $749,900

      Two Apartment Buildings For Sale

      Two apartment-zoned buildings with off-street parking in prime location.
      33-35-37 Buena Pl, Rochester, NY 14607
      View Details
    • $549,900
      Pending

      Fully Rented Six-Unit Building

      Six-unit building near Park Ave, fully rented with parking.
      49 Cambridge St, Rochester, NY 14607
      View Details
    • $1,250,000

      Historic Building in Arts District

      Classic 1913 building in Rochester's vibrant arts neighborhood.
      31 Prince St, Rochester, NY 14607
      View Details

    Similar Nearby for Lease

    • $925 /Mo
      21,342 SF

      Stately Office Building in Rochester

      Charming office building with modern amenities and convenient location.
      16 N Goodman St, Rochester, NY 14607
      View Details
    • Contact for pricing
      4,585 SF

      Open Office Suite For Rent

      Open office suite with private offices and kitchenette available for rent.
      218 Alexander St, Rochester, NY 14607
      View Details
    • Contact for pricing
      5,300 SF

      Creative Office/Loft/Event Space Available

      Two-story building with creative office and event space for rent.
      10 Winthrop St, Rochester, NY 14607
      View Details
    • $17 SF/Yr
      Pending

      Renovated Flex Space Opportunity

      Renovated carriage house ideal for manufacturing, office, or cafe.
      235 Alexander St, Rochester, NY 14607
      View Details
    • $600 /Mo
      Pending

      Salon Suite with Full Bathroom

      Salon suite for lease with private bathroom and storage.
      269 Park Ave, Rochester, NY 14607
      View Details
    • Contact for pricing
      5,800 SF

      Rochester Office Building for Lease

      Two-story office building in Rochester's vibrant East End district.
      441 East Ave, Rochester, NY 14607
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    83-85 Howell St
    Rochester, NY 14607
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!