103 White Spruce BlvdRochester, NY 14623

Property Details for 103 White Spruce Blvd

Year built

1976

Lot size

1.30 AC

Property size (Sq ft)

8,076 SF

Zone code

05 - COMMERCIAL

Property type

Office properties

Property subtype

Office buildings

APN

262000 149.09-1-9.1

APU

26200014909191

Description

Southview Commons, located at 103 White Spruce Blvd, Rochester, NY 14623, presents a compelling value-add investment opportunity. This 10,940 square foot, Class B office building, renovated in 2023, boasts a fresh facade and roof. The property features 8,000 square feet of ground floor space and an additional 2,940 square feet in the lower level, currently vacant. The building is ideally suited for a single occupant and offers ample parking. Interior improvements include hard-wall offices, conference/meeting rooms, a breakroom, and a kitchen. Situated in a prime suburban Rochester location within Brighton, this property enjoys excellent expressway access and is surrounded by a thriving mix of office parks, hotels, residential communities, retail amenities, Monroe Community College, and the University of Rochester Medical Center. The asking price is $1,890,000, translating to $172.76 per square foot. This property is categorized as both medical and traditional office space.

• CAP approach

  CAP return

  Valuation

  6%

  $1,304,139

  6.5%

  $1,203,820

  7%

  $1,117,833

• Comparable approach

  Method

  Valuation

  Relative Method

  $737,809

  Geo Method

  $508,061

• Alternative Use

  Use

  Valuation

  Residential

  $1,492,737

  Hospitality

  $1,367,339

  Educational

  $1,137,610

  Medical

  $1,176,734

  Retail

  $1,769,616

Location Insight

City

Rochester

County

Monroe

State

New York

Latitude

43.1054

Longitude

-77.6185

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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