300 White Spruce BlvdRochester, NY 14623

  • Office properties
  • 17,830 SF
For Sale
$4,900,000 View listing

Property Details for 300 White Spruce Blvd

Year built
1976
Lot size
1.50 AC
Property size (Sq ft)
17,830 SF
Zone code
05 - COMMERCIAL
Property type
Office properties
Property subtype
Office buildings
APN
262000 149.09-1-6
APU
2620001490916

Description

Southview Commons, located at 300 White Spruce Blvd in Rochester, NY (Monroe County, zip code 14623), presents a compelling value-add investment opportunity. This two-story, Class B office building totals 27,105 square feet and offers a blend of medical and traditional office space. The property boasts a multi-tenant configuration, with a full floor (second floor) currently available, making it ideal for an owner-occupant. Recent renovations in 2022 encompassed the lobby, common areas, roof, exterior, and parking areas. Situated in a prime suburban location within the Town of Brighton, Southview Commons benefits from excellent expressway access and proximity to numerous amenities. These include other office parks, hotels, multi-family residential developments, retail options, Monroe Community College, and the University of Rochester Medical Center (Strong). The asking price is $4,900,000, translating to $180.78 per square foot. This property represents a strong investment prospect in a thriving Rochester, NY market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,879,246
    6.5%
    $2,657,766
    7%
    $2,467,926
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,628,916
    Geo Method
    $1,121,685
  • Alternative Use

    Use
    Valuation
    Residential
    $3,295,630
    Hospitality
    $3,018,779
    Educational
    $2,511,589
    Medical
    $2,597,966
    Retail
    $3,906,916
300 White Spruce Blvd, Rochester, New York

Location Insight

City
Rochester
County
Monroe
State
New York
Latitude
43.1037
Longitude
-77.6189
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
-
$253,800
$1,086,200
$1,340,000
-
$362,574
$1,551,726
$1,914,300

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