Warehouse and Showroom
529-531 Erie Blvd W, Rome, NY 13440
For Sale
$1,590,000
Versatile warehouse and showroom space with covered storage, outdoor yard, loading access, and ample parking.
Property Size7,440 SF
Lot Size1.90 Acres
Price / SF$213.71
Days on Market160
Property Features for 529-531 Erie Blvd W
General Information
Standard status
Size
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Listing Agency:
Miner Realty & Prop Management
Listed By:
Michael J Miner · License #10491208203
(315) 709-4355
Source:
Elliman
Added: Jun 3
Changed: Aug 26
Last Checked: Aug 22 at 8:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Miner Realty & Prop Management
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Investment Insights
Based on property information with market context.
This well-known building supply and warehouse facility is configured to support multiple operating needs, with showroom, office, warehouse, and inventory storage components within approximately 7,440 square feet of enclosed space. The property also includes extensive covered storage areas, outdoor yard space, and dedicated loading areas, supported by ample parking.
Located on highly traveled Erie Boulevard West in Rome, the site totals approximately 1.9 acres and is described as having excellent visibility and accessibility for customers and deliveries. The arrangement supports straightforward vehicle movement for both inbound logistics and customer-facing access.
The mix of showroom, offices, and warehouse plus storage yards makes the property a practical fit for contractor-oriented operations, distribution and inventory storage, or owner-user uses that require both a sales-facing component and functional warehouse space. It may also suit buyers looking for a property that can continue as an operating facility, given the current loading and storage configuration.
Located on highly traveled Erie Boulevard West in Rome, the site totals approximately 1.9 acres and is described as having excellent visibility and accessibility for customers and deliveries. The arrangement supports straightforward vehicle movement for both inbound logistics and customer-facing access.
The mix of showroom, offices, and warehouse plus storage yards makes the property a practical fit for contractor-oriented operations, distribution and inventory storage, or owner-user uses that require both a sales-facing component and functional warehouse space. It may also suit buyers looking for a property that can continue as an operating facility, given the current loading and storage configuration.
Key Highlights
- Prominent commercial property on Erie Boulevard West in Rome, built in 1928
- Approximately 1.9‑acre site with about 7,440 SF of enclosed showroom/office/warehouse space
- Extensive covered storage plus outdoor yard space for additional inventory or materials
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,744
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,874,880
$1.9M
Cap Rate 7%
$1,339,200
$1.3M
Cap Rate 9%
$1,041,600
$1.0M
Market Conditions
NOI Build-Up for 7,440 SF
Gross rent
$156.2K $21.00/SF
− Vacancy
−$31.2K −$4.20/SF
EGI
$125.0K $16.80/SF
− OpEx
−$31.2K −$4.20/SF
NOI
$93.7K $12.60/SF
Area
Oneida County, NY
Vacancy
20.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,874,880
Cap Rate 7%
$1,339,200
Cap Rate 9%
$1,041,600
Alternative Uses
Best Use
Office B
$1.34M
$1.17M – $1.56M
NOI $93,744 @ 7.0% cap · market cap 5.90%
Second Best
Flex RnD
$802.5K
$702.2K – $936.3K
NOI $56,175 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$1.96M
$1.72M – $2.29M
NOI $137,241 @ 7.0% cap · market cap 8.63%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
445
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 13440, NY
41,024
Population
19,286
Households
2.1
Avg Household Size
42
Median Age
23%
College-Educated
88%
High-School Grad
116.5 sq mi
ZIP Area
352
Density / Sq Mi
$65,497
Median Household Income
$43,747
Median Earnings
$863
Median Rent
$155,800
Median Home Value
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Market
Properties on Market for Flex space in Oneida County
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- Scotty's Jump N Fun Party — 328 Ridge St, Rome, NY 13440
Frequently Asked Questions
What type of property is this?
Flex space - Versatile warehouse and showroom space with covered storage, outdoor yard, loading access, and ample parking.
Where is this flex space located?
The property is located at 529-531 Erie Blvd W Rome, NY.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: Prominent commercial property on Erie Boulevard West in Rome, built in 1928; Approximately 1.9‑acre site with about 7,440 SF of enclosed showroom/office/warehouse space; Extensive covered storage plus outdoor yard space for additional inventory or materials
