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    945 Jefferson Rd Rochester, NY 14623-3213
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    Property profile & analytics

    945 Jefferson Rd Rochester, NY 14623-3213

    View on Map
    • Retail space
    • 2,882 SF
    • 1.60 lot acres
    Off-Market
    Property ID
    US63-1731294
    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

    • Sonic Drive-In / Restaurant / Take-out & Catering
    • Henrietta Mall Antiques / Home Decor Store / (Bike/Boat/Book/etc) Store
    • Ridge Coin & Jewelry Exchange / Big Box & Wholesale Store / (Bike/Boat/Book/etc) Store
    • Express Gold Pack / (Bike/Boat/Book/etc) Store

    Property Details for 945 Jefferson Rd

    Year built
    2016
    Lot size
    1.60 lot acres
    Property size
    2,882 SF
    Zone code
    05 - COMMERCIAL
    Property type
    Retail space
    APN
    263200 162.06-1-10./E1
    APU
    26320016206110E1

    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
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.6144
    Latitude
    43.0866
    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
    $0.00
    $900,000
    $900,000
    -
    $0.00
    $900,000
    $900,000

    Comparable in this City

    • Value Estimation
      $610,000
      44,471 SF

      1885 Brighton Henrietta Town Line Rd

      RETAIL STORES (PERSONAL SERVICES) • 44,471 SF
      1885 Brighton Henrietta Town Line Rd, Rochester, NY 14623-2509
      View Details
    • Value Estimation by Request
      1,496 SF

      2627 Henrietta Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,496 SF
      2627 Henrietta Rd, Rochester, NY 14623-2327
      View Details
    • Value Estimation
      $800,000
      3,708 SF

      1445 Jefferson Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,708 SF
      1445 Jefferson Rd, Rochester, NY 14623-3107
      View Details
    • Value Estimation
      $770,000
      10,476 SF

      1455 Jefferson Rd

      RETAIL STORES (PERSONAL SERVICES) • 10,476 SF
      1455 Jefferson Rd, Rochester, NY 14623-3107
      View Details
    • Value Estimation by Request
      11,600 SF

      875 Marketplace Dr

      RETAIL STORES (PERSONAL SERVICES) • 11,600 SF
      875 Marketplace Dr, Rochester, NY 14623-6015
      View Details
    • Value Estimation by Request
      1,900 SF

      1555 Henrietta Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,900 SF
      1555 Henrietta Rd, Rochester, NY 14623-3115
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      105,000 SF

      High-Visibility Rochester Storefront

      105,000 SF Retail Space, Owner/User
      1180 Jefferson Rd, Rochester, NY 14623
      View Details
    • $495,000
      2,400 SF

      Retail Investment Opportunity in Rochester

      Retail property with current tenant, Speedy Dry Cleaning business.
      351 Jefferson Rd, Rochester, NY 14623
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    • Contact for pricing
      3,424 SF

      Rochester Retail Outparcel For Sale

      Retail property with over 10 years remaining on corporate lease.
      3050 Winton Rd S, Rochester, NY 14623
      View Details
    • Contact for pricing
      11,490 SF

      1225 Jefferson Rd, Rochester, NY 14623

      Retail space • 11,490 SF
      1225 Jefferson Rd, Rochester, NY 14623
      View Details
    • Contact for pricing
      112,948 SF

      West Henrietta Road Flex Space

      Large flex space with showroom and warehouse/office areas.
      3737 W Henrietta Rd, Rochester, NY 14623
      View Details
    • Contact for pricing
      15,504 SF

      Office and Retail Development

      Office and retail property in suburban Rochester, New York.
      211 White Spruce Blvd, Rochester, NY 14623
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,800 SF

      Prime Retail Space in Henrietta

      Retail space in a busy Henrietta power center.
      300 Hylan Dr, Rochester, NY 14623
      View Details
    • Contact for pricing
      12,000 SF

      Retail Space Near Tops Grocery

      Retail space anchored by Tops Grocery, ideal for retail/office/call center.
      1175-1225 Jefferson Rd, Rochester, NY 14623
      View Details
    • $8 SF/Yr
      5,300 SF

      Retail Space in Jefferson Plaza

      Sublease opportunity in a busy, accessible Rochester shopping center.
      376 Jefferson Rd, Rochester, NY 14623
      View Details
    • Contact for pricing
      990 SF

      Retail Space in Henrietta Town

      990 SF retail space in a mixed-use development.
      1635 E Henrietta Rd, Rochester, NY 14623
      View Details
    • Contact for pricing
      12,180 SF

      Prime Retail Space Available

      Retail space with high visibility and accessibility near Wegmans.
      2199 E Henrietta Rd, Rochester, NY 14623
      View Details
    • $11 SF/Yr

      Retail Space on Henrietta Road

      5,850 SF end-cap retail space with high visibility.
      2856-2862 W Henrietta Rd, Rochester, NY 14623
      View Details

    Property Visit Statistics

    • Visits by month
      1.6k
    • Visitors by month
      1.9k
    • Avg Time on site
      33 min
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    945 Jefferson Rd
    Rochester, NY 14623-3213
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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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