2005 Lyell AveRochester, NY 14606

  • Office properties
  • 20,781 SF
For Lease
$10/SF/YR View listing

Property Details for 2005 Lyell Ave

Year built
1987
Lot size
1.56 AC
Property size (Sq ft)
20,781 SF
Zone code
06 - INDUSTRIAL
Property type
Office properties
Property subtype
Office buildings
APN
262600 104.19-3-10.21
APU
2626001041931021

Description

This renovated, two-story, 20,781 square foot Stonegate Office Complex in Rochester, NY's Gates submarket offers multiple suite options ranging from 1,300 to 5,000 square feet. Located at 2005 Lyell Ave (I-390/Lee Rd cross streets), this Class B building boasts a newly renovated lobby, one passenger elevator, and 139 parking spaces. Currently, 8,824 square feet are vacant. Built in 1897 and extensively renovated in 2021, the property is ideal for various uses including medical, traditional office, coworking, and creative office spaces. The building enjoys high visibility and accessibility, situated in a primary retail corridor with over 100,000 vehicles passing daily. Its location provides convenient access to a significant population base (90,853 residents within 3 miles), Rochester International Airport, and major submarkets including Gates, Greece, Spencerport, Chili, Henrietta, and Downtown Rochester. Leases are net, including tenant improvement allowances, taxes, insurance, and common area maintenance. The landlord will contribute to tenant build-outs and finishes. This 2.03-acre property presents a unique opportunity for businesses seeking flexible, high-visibility space in a thriving location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,355,784
    6.5%
    $3,097,646
    7%
    $2,876,386
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,898,514
    Geo Method
    $1,307,333
  • Alternative Use

    Use
    Valuation
    Residential
    $3,841,081
    Hospitality
    $3,518,410
    Educational
    $2,927,276
    Medical
    $3,027,949
    Retail
    $4,553,540
2005 Lyell Ave, Rochester, New York

Location Insight

City
Rochester
County
Monroe
State
New York
Latitude
43.1637
Longitude
-77.6801
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
-
$292,000
$1,408,000
$1,700,000
-
$351,808
$1,696,392
$2,048,200

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