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    248 Otis St Rome, NY 13441

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    For Sale
    $12,000,000

    77,785 SF industrial property in Griffiss Business and Technology Park.

    Property size:
    77,785 SF

    Property Features for 248 Otis St

    General Information

    Size
    77,785 SF

    Source: Pyramidbrokerage Agent Jeffrey D'Amore, SIOR

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Griffiss Park Industrial Investment Opportunity

    Available for sale is a 77,785 square foot industrial property situated across four buildings on 21.84 acres. The property is located within the Griffiss Business and Technology Park in Rome. The site is almost fully leased with long-term tenants. Current tenants include NYS Canal Corporation occupying 48,975 square feet, Leonard Bus Inc occupying 19,250 square feet, Birnie Bus Service occupying 4,600 square feet, and Day & Ross Inc. utilizing 3.55 acres for parking. The property is suitable as an industrial maintenance facility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Wholesale Shop Auto Repair Shop Gym & Fitness Pharmacy Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rome
    County
    Oneida
    State
    New York
    Longitude
    -75.4061412
    Latitude
    43.2190362

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    FAQs

    What type of property is this?
    Industrial property - 77,785 SF industrial property in Griffiss Business and Technology Park.
    Where is this industrial property located?
    The property is located at 248 Otis St Rome, NY.
    What is the asking price?
    The asking price for this property is $12,000,000.
    What are key features of this property?
    This property features: - Almost fully leased property provides immediate income stream.; - Long-term tenants offer stable investment.; - Significant square footage: **77,785 SF across 4 buildings**.
    (315) 725-3510
    Request Owner's contact information
    248 Otis St Rome, NY 13441
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    Rome, NY 13441
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    Realmo Value Estimation

    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.

    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.

    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
    248 Otis St Rome, NY 13441
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