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

    8351 Lewiston Rd Batavia, NY 14020-4002

    • Strip malls
    • 37,320 SF
    • 2.97 lot acres
    OFF-MARKET
    Value Estimations
    $4,040,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-5927748
    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

    • Subway / Fast Food Restaurant / Takeout Restaurant
    • Maurices / Women'S Clothing Store / Plus Size Clothing Store
    • Supercuts / Barber Shop / Hair Salon
    • Pizza 151 / Pizza Restaurant / Pizza Delivery
    • HomeScope LLC / Home Inspector

    Property Details for 8351 Lewiston Rd

    Year built
    1995
    Lot size
    2.97 lot acres
    Property size
    37,320 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    180200 84.005-1-89.2
    APU
    180200840051892

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,154,000
      Market price range: $612k - $5.54M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,435,000
      Current use
      RESTAURANT
      $3,930,000
      Change: +61% Conversion: Difficult
      OFFICE BUILDING
      $2,960,000
      Change: +22% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $2,795,000
      Change: +15% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,690,000
      Change: +11% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Batavia
    County
    Genesee
    State
    New York
    Longitude
    -78.2061
    Latitude
    43.0077
    CBSA code
    12860
    CBSA name
    BATAVIA, NY MICROPOLITAN 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
    $385,000
    $1,915,000
    $2,300,000
    -
    $396,907
    $1,974,227
    $2,371,134

    Comparable in this City

    • Value Estimation
      $1,870,000
      97,548 SF

      565 Main St, Unit 587

      SHOPPING CENTER, STRIP CENTER • 97,548 SF
      565 Main St, Batavia, NY 14020-2739
      View Details
    • Value Estimation
      $2,510,000
      125,941 SF

      425 Main St, Unit 525

      SHOPPING CENTER, STRIP CENTER • 125,941 SF
      425 Main St, Batavia, NY 14020-1242
      View Details
    • Value Estimation
      $2,480,000
      23,820 SF

      412 Main St, Unit 418

      SHOPPING CENTER, STRIP CENTER • 23,820 SF
      412 Main St, Batavia, NY 14020-2436
      View Details
    • Value Estimation
      $2,015,000
      50,830 SF

      419 Main St

      SHOPPING CENTER, STRIP CENTER • 50,830 SF
      419 Main St, Batavia, NY 14020-1284
      View Details
    • Value Estimation
      $535,000
      15,770 SF

      561-563 Main St Rear

      SHOPPING CENTER, STRIP CENTER • 15,770 SF
      561-563 Main St Rear, Batavia, NY 14020
      View Details
    • Value Estimation by Request
      35,280 SF

      4140 Veterans Memorial Dr

      SHOPPING CENTER, STRIP CENTER • 35,280 SF
      4140 Veterans Memorial Dr, Batavia, NY 14020-4073
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Batavia Commercial Land - High Visibility

      Prime 44-acre commercial site, near major retailers.
      8287 Lewiston Rd, Batavia, NY 14020
      View Details
    • $424,900
      6,088 SF

      Batavia Auto Shop Investment Opportunity

      High-visibility, 6,088 SF auto shop with tenant.
      502 Ellicott St, Batavia, NY 14020
      View Details
    • $324,900
      2,928 SF

      Commercial Storefront and Residence

      Commercial storefront with residence, ideal for investment or small business.
      5009 East Main Street Rd, Batavia, NY 14020
      View Details
    • $424,900
      2,088 SF

      Signalized Corner Auto Shop

      Car repair shop with warehouse and high visibility.
      502-508 Ellicott St, Batavia, NY 14020
      View Details
    • Contact for pricing

      Batavia Retail Building with Garage

      Retail building in downtown Batavia with garage and loading area.
      228 W Main St, Batavia, NY 14020
      View Details
    • $425,000
      3,498 SF

      Commercial Space with Ample Parking

      Versatile commercial space with high visibility and extensive parking.
      3711 W Main Street Rd, Batavia, NY 14020
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      133,944 SF

      587 Main St

      Neighborhood centers • 133,944 SF
      587 Main St, Batavia, NY 14020
      View Details
    • $10 SF/Yr
      125,941 SF

      West Main Plaza Retail Space

      Batavia, NY retail space available. High traffic location.
      4152 Main Street Rd, Batavia, NY 14020
      View Details
    • Contact for pricing
      6,359 SF

      Retail Space in Eastown Plaza

      Retail spaces available in ALDI-anchored shopping center.
      565-587 E Main St, Batavia, NY 14020
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space Near Walmart

      Retail space available in Batavia near a Walmart Supercenter.
      4140 Veterans Memorial Dr, Batavia, NY 14020
      View Details
    • Contact for pricing
      133,944 SF

      ALDI-Anchored Shopping Center Spaces

      Available spaces in Batavia, NY, ranging from 1,600 to 9,700 SF.
      587 E Main St, Batavia, NY 14020
      View Details
    • Contact for pricing
      14,720 SF

      Freestanding Retail Property with Drive-Thru

      Retail property with drive-thru and traffic light access.
      601 E Main St, Batavia, NY 14020
      View Details

    Property Visit Statistics

    • Visits by month
      8.1k
    • Visitors by month
      7.7k
    • Avg Time on site
      9 min
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    8351 Lewiston Rd
    Batavia, NY 14020-4002
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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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