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    Property profile & analytics

    980 Ridge Rd Webster, NY 14580

    • Super regional malls
    • 104,934 SF
    • 17.03 lot acres
    For Lease
    View listing
    Last Sale
    Nov 04, 2022
    $18,593,750
    Value Estimations
    $19,460,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-4235880
    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

    • Andreen Michelle-Ann Carla Sealey / Dental Office
    • Webster Plaza / Shopping Center & Mall
    • Webster Public Library / Public Library / Library
    • Bank of America (with Drive-thru ATM) / Financial Advisor
    • Element Yoga & Juice Bar / Gym & Fitness Center

    Property Details for 980 Ridge Rd

    Year built
    1965
    Lot size
    17.03 lot acres
    Property size
    104,934 SF
    Zone code
    01 - NOT ZONED
    Property type
    Super regional malls
    APN
    265489 079.15-1-3.1
    APU
    26548907915131

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $18,965,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $23,500,000
      6.5%
      $21,695,000
      7%
      $20,145,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $12,335,000
      AUTO REPAIR, GARAGE
      $11,910,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Webster
    County
    Monroe
    State
    New York
    Longitude
    -77.4599
    Latitude
    43.2106
    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
    $1,755,500
    $5,042,800
    $6,798,300
    -
    $3,026,722
    $8,694,478
    $11,721,200

    Comparable in this City

    • Value Estimation
      $8,505,000
      98,258 SF

      900 Holt Rd

      REGIONAL SHOPPING CENTER, MALL • 98,258 SF
      900 Holt Rd, Webster, NY 14580-9102
      View Details
    • Value Estimation
      $1,040,000
      35,000 SF

      929 Holt Rd

      REGIONAL SHOPPING CENTER, MALL • 35,000 SF
      929 Holt Rd, Webster, NY 14580-9101
      View Details
    • Value Estimation
      $2,575,000
      30,720 SF

      927 Holt Rd

      REGIONAL SHOPPING CENTER, MALL • 30,720 SF
      927 Holt Rd, Webster, NY 14580-9058
      View Details
    • Value Estimation
      $2,815,000
      127,521 SF

      1050 Rdg Rd

      REGIONAL SHOPPING CENTER, MALL • 127,521 SF
      1050 Rdg Rd, Webster, NY 14580-2908
      View Details
    • Value Estimation
      $1,100,000
      53,273 SF

      803 Rdg Rd, Unit 809

      REGIONAL SHOPPING CENTER, MALL • 53,273 SF
      803 Rdg Rd, Webster, NY 14580-2489
      View Details
    • Value Estimation
      $7,055,000
      80,405 SF

      1058 Rdg Rd, Unit 1070

      REGIONAL SHOPPING CENTER, MALL • 80,405 SF
      1058 Rdg Rd, Webster, NY 14580-2908
      View Details

    Similar Nearby for Sale

    • $750,000
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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
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      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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    • Contact for pricing

      Webster Development Site For Sale

      1.0 acre development site in a prime commercial corridor.
      801 Ridge Road Jct, Webster, NY 14580
      View Details
    • $990,000

      Commercial Land For Sale

      Commercial land available for sale.
      55 E Main St, Webster, NY 14580
      View Details
    • $450,000
      3,000 SF

      Webster Commercial Building For Sale

      Commercial building with high traffic exposure in Webster, New York.
      729 Ridge Rd, Webster, NY 14580
      View Details

    Similar Nearby for Lease

    • 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
      152,501 SF

      980 Ridge Rd

      Power centers • 152,501 SF
      980 Ridge Rd, 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
    • $29 SF/Yr
      4,500 SF

      Freestanding Restaurant Space Available

      Freestanding restaurant space for rent on Empire Blvd.
      1960 Empire Blvd, 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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    980 Ridge Rd
    Webster, NY 14580
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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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