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

    964 Rdg Rd Webster, NY 14580-2555

    • Strip malls
    • 57,120 SF
    • 6.68 lot acres
    OFF-MARKET
    Last Sale
    May 31, 2023
    $2,500,000
    Value Estimations
    $2,470,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1410403
    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

    • Warren's Paint & Decorating / Paint Store / Carpet Store
    • Guida' s Pizzeria / Restaurant

    Property Details for 964 Rdg Rd

    Year built
    1953
    Lot size
    6.68 lot acres
    Property size
    57,120 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    265489 079.15-1-1.1
    APU
    26548907915111

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,730,000
      ML approach
      $2,640,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,678,000
      Market price range: $1.68M - $6.62M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $3,985,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Webster
    County
    Monroe
    State
    New York
    Longitude
    -77.4623
    Latitude
    43.2091
    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
    $543,800
    $1,226,300
    $1,770,100
    -
    $937,587
    $2,114,313
    $3,051,900

    Comparable in this City

    • Value Estimation
      $645,000
      35,546 SF

      1900 Empire Blvd

      SHOPPING CENTER, STRIP CENTER • 35,546 SF
      1900 Empire Blvd, Webster, NY 14580-1934
      View Details
    • Value Estimation
      $305,000
      10,408 SF

      75 Main St

      SHOPPING CENTER, STRIP CENTER • 10,408 SF
      75 Main St, Webster, NY 14580-2903
      View Details
    • Value Estimation
      $370,000
      23,374 SF

      2186 Empire Blvd

      SHOPPING CENTER, STRIP CENTER • 23,374 SF
      2186 Empire Blvd, Webster, NY 14580-2000
      View Details
    • Value Estimation
      $410,000
      32,306 SF

      1217 Bay Rd

      SHOPPING CENTER, STRIP CENTER • 32,306 SF
      1217 Bay Rd, Webster, NY 14580-1958
      View Details
    • Value Estimation
      $315,000
      12,225 SF

      2231-2235 Empire Blvd

      SHOPPING CENTER, STRIP CENTER • 12,225 SF
      2231-2235 Empire Blvd, Webster, NY 14580
      View Details
    • Value Estimation
      $385,000
      22,582 SF

      657-659 Rdg Rd

      SHOPPING CENTER, STRIP CENTER • 22,582 SF
      657-659 Rdg Rd, Webster, NY 14580
      View Details

    Similar Nearby for Sale

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      Stand-alone building with retail, office space, and ample parking.
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      Waterfront Property with Multiple Homes

      Rare opportunity: three homes, 94 ft lake frontage, 5-bay garage.
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      7.94 Acres

      Webster NY Development Land

      Prime Hunting/Recreational Land, Excellent Location
      0 Webster Development Site, Webster, NY 14580
      View Details
    • $159,900
      3.30 Acres

      Approved Building Lot in Webster

      3.5-acre building lot ready for your dream home!
      1830 Lake Rd, Webster, NY 14580
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    • $450,000
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      Webster Commercial Building For Sale

      Commercial building with high traffic exposure in Webster, New York.
      729 Ridge Rd, Webster, NY 14580
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    • $990,000

      Commercial Land For Sale

      Commercial land available for sale.
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    Similar Nearby for Lease

    • Contact for pricing
      152,501 SF

      980 Ridge Rd

      Power centers • 152,501 SF
      980 Ridge Rd, Webster, NY 14580
      View Details
    • Contact for pricing
      23,500 SF

      Retail Space in Webster, NY

      Retail property with established anchor tenants and high traffic.
      2186 Empire Blvd, Webster, NY 14580
      View Details
    • Contact for pricing
      227,462 SF

      Webster Square Retail Space For Lease

      Multiple restaurant spaces available, ample parking.
      950 Ridge Rd, Webster, NY 14580
      View Details
    • Contact for pricing
      9,452 SF

      Baytowne Square Retail Space

      Webster, NY: Prime Retail Storefront
      1855 Empire Blvd, Webster, NY 14580
      View Details
    • Contact for pricing
      8,549 SF

      Prime Monroe County Medical Space

      8,549 SF Medical/Restaurant Building, 100 Parking Spaces
      602 Ridge Rd, Webster, NY 14580
      View Details
    • $8 SF/Yr
      11,956 SF

      Webster Warehouse - 6,000 SF Available

      Prime Webster warehouse space for lease. Ideal for distribution or retail.
      191 Main St, Webster, NY 14580
      View Details
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    964 Rdg Rd
    Webster, NY 14580-2555
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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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