Warehouse and Office
For Sale
$1,990,000
529-531 Erie Boulevard W W, Rome, NY 13440
Warehouse and office building with showroom, covered storage, loading, yard space, and ample parking on Erie Boulevard West.
Property Size7,440 SF
Lot Size1.90 Acres
Price / SF$267.47
Days on Market81
Property Features for 529-531 Erie Boulevard W W
General Information
Standard status
Active
Size
7,440 SF
Lot size
1.90 Acres
Property subtype
General Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Building Details
Year Built
1928
Listing Agency:
Miner Realty & Prop Management
(315) 709-4355
Listed By:
Michael Miner · License #10491208203
(315) 709-4355
Source:
Xome
Added: May 11
Changed: Jul 10
Last Checked: Jul 16 at 6:30AM
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
Investment Insights
Based on property information with market context.
This for-sale property is a warehouse and office facility with a mix of showroom, office, warehouse, and inventory storage components. The site includes approximately 7,440 square feet of enclosed space, along with extensive covered storage areas and outdoor yard space. Additional improvements include loading areas and ample parking to support day-to-day operations and deliveries.
The property is located at 529-531 Erie Boulevard W W in Rome, NY, on Erie Boulevard West, a highly traveled corridor. The site is approximately 1.9 acres and is positioned to provide visibility and accessibility for customers, vendors, and logistics. Public remarks note the property has been a longstanding commercial presence in the city for more than 80 years.
With its combination of enclosed warehouse space, covered storage, yard area, and dedicated office/showroom space, the building can support a range of uses. It may be suitable for commercial and industrial operations, distribution activities, retail arrangements, contractor-oriented business needs, or an owner-user seeking space that aligns with showroom and inventory storage. The layout and site amenities are designed to accommodate both storage and customer-facing functions.
The property is located at 529-531 Erie Boulevard W W in Rome, NY, on Erie Boulevard West, a highly traveled corridor. The site is approximately 1.9 acres and is positioned to provide visibility and accessibility for customers, vendors, and logistics. Public remarks note the property has been a longstanding commercial presence in the city for more than 80 years.
With its combination of enclosed warehouse space, covered storage, yard area, and dedicated office/showroom space, the building can support a range of uses. It may be suitable for commercial and industrial operations, distribution activities, retail arrangements, contractor-oriented business needs, or an owner-user seeking space that aligns with showroom and inventory storage. The layout and site amenities are designed to accommodate both storage and customer-facing functions.
Key Highlights
- Approximately 1.9‑acre commercial property with about 7,440 SF of enclosed warehouse space plus extensive covered storage and outdoor yard space
- 15 on‑site parking spaces, along with loading areas and outdoor storage/yard for business operations
- Building layout includes showroom, office, warehouse, and inventory storage components
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $156.2k | $21.00 |
| − Vacancy | −$31.2k | −$4.20 |
| EGI | $125.0k | $16.80 |
| − OpEx | −$31.2k | −$4.20 |
| NOI | $93.7k | $12.60 |
7,440 SF · lease $21.00/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.34M
$1.17M – $1.56M
NOI $93,744 @ 7.0% cap · market cap 4.71%
Second Best
Flex RnD
$802.5K
$702.2K – $936.3K
NOI $56,175 @ 7.0% cap · market cap 2.82%
Theoretical Best
Office A
$1.96M
$1.72M – $2.29M
NOI $137,241 @ 7.0% cap · market cap 6.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
250
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Warehouse and office building with showroom, covered storage, loading, yard space, and ample parking on Erie Boulevard West.
Where is this flex space located?
The property is located at 529-531 Erie Boulevard W W Rome, NY.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: Approximately 1.9‑acre commercial property with about 7,440 SF of enclosed warehouse space plus extensive covered storage and outdoor yard space; 15 on‑site parking spaces, along with loading areas and outdoor storage/yard for business operations; Building layout includes showroom, office, warehouse, and inventory storage components
