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    7611 Gifford Rd Rome, NY 13440

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    For Sale
    $699,000

    5.9 AC site approved for 46 townhomes in Rome, NY.

    Lot size:
    5.90 Acres

    Property Features for 7611 Gifford Rd

    General Information

    Lot size
    5.90 Acres
    Source: Moodyscre

    Listing Agent: Lawrence Papaleo

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

    Overview

    Land Approved for Townhome Development

    This 5.9-acre site is approved for the development of 46 townhomes. All entitlements are in place, allowing for immediate development. Utility infrastructure, including water, sewer, electric, and gas, is available at the site. The municipality is set to cover 75% of the cost for water and sewer extensions. The property is located in close proximity to various amenities, including dining, entertainment, retail, lodging, golf courses, and an airport.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Rome
    County
    Oneida
    State
    New York
    Longitude
    -75.4880291
    Latitude
    43.2308855

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    FAQs

    What type of property is this?
    Land - 5.9 AC site approved for 46 townhomes in Rome, NY.
    Where is this land located?
    The property is located at 7611 Gifford Rd Rome, NY.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: - 5.9 AC site approved for development of 46 townhomes; - All entitlements in place for immediate development; - Municipality to cover 75% of the cost for water/sewer extensions
    (315) 784-2524
    Request Owner's contact information
    7611 Gifford Rd Rome, NY 13440
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    Rome, NY 13440
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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
    7611 Gifford Rd Rome, NY 13440
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