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Property profile & analytics
FOR LEASE
Super regional malls
999 East Ridge Rd, Irondequoit, NY 14617
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US63-5106644
For Lease
$1,920,000
999 East Ridge Rd, Irondequoit, NY 14617
View Listing →
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1970
Total area
74,883 SF
Lot
10.83 ac (471,755 SF)
Zoning code
06 - INDUSTRIAL
APN
263400 091.07-2-15.7
UPID
US63-5106644
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Sonic Drive-In Restaurant Take-out & Catering
-
Tops Pharmacy Pharmacy
-
Tops Friendly Markets Specialty Food Shop Supermarket
-
UR Medicine Labs - Irondequoit Medical Laboratory
-
Top Insurance New York Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.92M
Owner & transaction history
Depot Strip LLC · 5 yrs held
Depot Strip LLC
since 2020
7 recorded transactions
Zoning & alternative use
06 - INDUSTRIAL · Rochester, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Irondequoit submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Irondequoit submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$26 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$3,450,000
Assessed 2023
Previous assessed
$2,900,500
+18.9% YoY
Assessed land
$1,120,500
Assessed improvement
$2,329,500
Land market value
$1,120,500
Improvement market value
$2,329,500
Total market value
$3,450,000
Applied tax rate
263,403.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Lease
Year built
1970
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
74,883 SF
Lot
10.83 ac (471,755 SF)
Zoning code
06 - INDUSTRIAL
APN
263400 091.07-2-15.7
UPID
US63-5106644
Jurisdiction
MONROE
Zoning & alternative use
06 - INDUSTRIAL · Rochester, NY
Zoning 06 - INDUSTRIAL · permitted uses
06 - INDUSTRIAL · Rochester, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rochester. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1970
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
10.83 ac
Current owner
From public records · entity-resolved
Depot Strip LLC
Entity
Mailing address
550 LATONA RDE, ROCHESTER, NY 14626-2700
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2020
—
Depot Strip LLC
Morgan Depot Plaza LLC
Warranty Deed
$780,000 · Five Star Bk
Jul 6, 2017
—
Morgan Depot Plaza LLC
—
Deed
related
$600,000 · Visions FCU
Jan 3, 2017
—
Morgan Depot Plaza LLC
—
Deed
related
$1,114,082 · Visions FCU
Sep 4, 2013
—
Morgan Depot Plaza LLC
—
Trustees Deed
related
$11,800,000 · S&t Bk
Jul 20, 2012
$2,050,000
Morgan Depot Plaza LLC
Lb 1999-c1 Depot Plaza LLC
Grant Deed
—
Feb 4, 2011
$4,082,041
Lb 1999-c1 Depot Plaza LLC
Pg Depot Plaza LLC
Grant Deed
—
—
—
Tops Portfolio LLC
—
Loan Modification, Consolidation And Extension
related
$19,800,000 · Mc-five Mile Com'l Mtg Fin
—
—
Morgan Depot Plaza LLC
—
Deed Of Trust
related
$192,000 · Sefcu
—
—
East Ridge Cde Properties LLC
—
Deed Of Trust
related
$568,241 · Community Nat'l Bk&tr
—
—
Morgan Depot Plaza LLC
—
Deed Of Trust
related
$14,062,000 · Visions FCU
—
—
Morgan Depot Plaza LLC
—
Deed Of Trust
related
$1,120,000 · Sefcu
—
—
Morgan Depot Plaza LLC
—
Loan Modification, Consolidation And Extension
related
$12,440,000 · Visions FCU
—
—
Morgan Depot Plaza LLC
—
Deed Of Trust
related
$1,114,082 · Visions FCU
—
—
Morgan Depot Plaza LLC
—
Deed Of Trust
related
$600,000 · Visions FCU
—
—
Depot Strip LLC
—
Loan Modification
related
$780,000 · Five Star Bk
—
—
Depot Strip LLC
—
Loan Modification
related
$780,000 · Five Star Bk
—
—
Depot Strip LLC
—
Loan Modification
related
$1,120,000 · Five Star Bk
—
—
Depot Strip LLC
—
Loan Modification
related
$1,350,000 · Five Star Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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