Renovated Commercial Property For
720 W Dominick St Rome, NY 13440
For Sale
$419,000
Turnkey commercial space suitable for automotive or other ventures.
Property Size4,500 SF
Price / SF$93.11
Days on Market97
Property Features for 720 W Dominick St
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Commercial
Listing Agency:
(315) 725-1023
Listed By:
Kristopher P. Joseph
(315) 725-1023
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 29 at 11:17AM
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 Kristopher P. Joseph
Investment Insights
Based on property information with market context.
This 4,500+ sq ft commercial property is positioned on a corner lot with visibility. The space, recently renovated, is currently home to Wise Guys Auto Salon. The building is zoned and approved for automotive use, making it suitable for auto-related operations or other commercial ventures. The interior features LED lighting. Major capital improvements have been completed, including a new architectural shingle roof, floor drainage with oil catcher, spray foam insulation, new electrical & plumbing, two electric heat pump HVAC systems, and an on-demand hot water system. A newly built-out office space adds functionality. Approximately 500 sq ft of additional space upstairs is suitable for storage, expanded office use, or conversion into an apartment or income-producing unit. The property has on-site parking and exposure. The bike score is 54, indicating it is bikeable, and the walk score is 23, indicating it is car-dependent.
Key Highlights
- Zoned and approved for automotive use, ideal for auto‑related businesses.
- Recently renovated from top to bottom including a new roof, floor drainage with oil catcher, spray foam insulation, new electrical & plumbing, HVAC systems, and on‑demand hot water.
- 4,500+ sq ft commercial property on a prominent corner lot with excellent visibility and on‑site parking.
Financial Insights For Industrial
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 | $42.7k | $9.48 |
| − Vacancy | −$2.9k | −$0.64 |
| EGI | $39.8k | $8.84 |
| − OpEx | −$11.9k | −$2.65 |
| NOI | $27.8k | $6.18 |
4,500 SF · lease $9.48/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$646.7K
$565.8K – $754.4K
NOI $45,266 @ 7.0% cap · market cap 10.80%
Second Best
Industrial
$397.6K
$347.9K – $463.9K
NOI $27,831 @ 7.0% cap · market cap 6.64%
Theoretical Best
Office A
$1.19M
$1.04M – $1.38M
NOI $83,009 @ 7.0% cap · market cap 19.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Enterprise Rent-A-Car — 706 Erie Blvd W, Rome, NY 13440
Frequently Asked Questions
What type of property is this?
Automotive property - Turnkey commercial space suitable for automotive or other ventures.
Where is this automotive property located?
The property is located at 720 W Dominick St Rome, NY.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: Zoned and approved for automotive use, ideal for auto‑related businesses.; Recently renovated from top to bottom including a new roof, floor drainage with oil catcher, spray foam insulation, new electrical & plumbing, HVAC systems, and on‑demand hot water.; **4,500+ sq ft commercial property** on a prominent corner lot with excellent visibility and on‑site parking.
