Building Details

Year Built 2011

Buildings 1

Tenancy Single

Listing Agency: Howard Hanna Real Estate

Listed By: Sunshine Sara Equinozzi Show Phone

Source: Nicholcityrealty

Added: Sep 12 Changed: Oct 25 Last Checked: Oct 30 at 2:36PM

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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 Howard Hanna Real Estate

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Investment Insights

Based on property information with market context.

Constructed in 2011, this 4,524-square-foot commercial building was previously used for banking and includes a broad lobby, conference rooms, multiple private offices, teller space, a vault, drive-through window, and separate drive-through ATM. The lower level adds a large break room and additional restrooms, while the property is fully serviced.

The site encompasses .95 acres and offers frontage on two roads: 180 feet along Turin Rd (Rt2 26) and 237 feet along Hickory St. Located at 7812 Turin Road in Rome, NY, the property includes the building and the one-acre parcel shown in the photos.

Key Highlights

• 4,524‑square‑foot commercial building constructed in 2011
• Bank‑oriented layout with lobby, conference rooms, private offices, teller area, and vault
• Drive‑through window plus separate drive‑through ATM

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$68,810

Cap Rate

9.17%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,376,200 $1.4M

Cap Rate 7%

$983,000 $983.0K

Cap Rate 9%

$764,556 $764.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,974 SF

Gross rent

$96.8K $16.20/SF

− Vacancy

−$5.0K −$0.84/SF

EGI

$91.7K $15.36/SF

− OpEx

−$22.9K −$3.84/SF

NOI

$68.8K $11.52/SF

Area

Oneida County, NY

Vacancy

5.20%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,376,200

Cap Rate 7%

$983,000

Cap Rate 9%

$764,556

Alternative Uses

Best Use

Specialty Retail

$983.0K

$860.1K – $1.15M (±1% cap)

NOI $68,810 @ 7.0% cap · market cap 9.17%

Second Best

Retail

$858.5K

$751.2K – $1.00M (±1% cap)

NOI $60,092 @ 7.0% cap · market cap 8.01%

Theoretical Best

Office A

$1.57M

$1.38M – $1.84M (±1% cap)

NOI $110,199 @ 7.0% cap · market cap 14.69%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

ATM Atm

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Dental Office Building Supply Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

126

Businesses Nearby

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 Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Bank - Former financial-services facility with offices, conference rooms, a vault, teller area, and separate drive-through ATM.

Where is this bank located?

The property is located at 7812 Turin Road Rome, NY.

What is the asking price?

The asking price for this property is $750,000.

What are key features of this property?

This property features: 4,524‑square‑foot commercial building constructed in 2011; Bank‑oriented layout with lobby, conference rooms, private offices, teller area, and vault; Drive‑through window plus separate drive‑through ATM