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    248 Otis St Rome, NY 13441

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    58,535 SF Industrial Space - Vacant

    Property size:
    58,535 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A industrial property, located at 248 Otis St in Rome, NY's Griffiss Business and Technology Park, offers 58,535 square feet of versatile space across three buildings situated on a 10.84-acre lot. The main building, encompassing over 48,975 square feet, features stacked offices, conference rooms, a training room, a dispatch center, and a full garage equipped with nine grade-level doors, bus lifts, a paint booth, and a parts department. A separate 4,600-square-foot body shop includes eight drive-through doors and offices. Additional storage is provided in a 4,960-square-foot building with one grade-level door. The property boasts ample parking, accommodating approximately 300 buses and 200 cars. The zoning is GB, and the property is available for immediate lease or sale under a NNN lease structure. The high ceilings (20+ feet) and 18 dock-high doors provide exceptional functionality for distribution, warehouse, or manufacturing operations. This prime location within the Griffiss Business and Technology Park offers excellent access to transportation and infrastructure.

    Property Features for 248 Otis St

    General Information

    Property type
    Manufacturing properties
    Square Feet
    58,535 SF
    Class
    A
    Lot Size
    472,190 SF

    Building Details

    Buildings
    3

    HighLights

    • Class A industrial property totaling 58,535 square feet.
    • Three‑building complex on a 10.84‑acre lot in Rome, NY.
    • NNN lease available; property also available for sale.
    • Features 18 dock‑high doors and 20'+ ceiling heights.
    • Zoned GB; situated in the Griffiss Business and Technology Park.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Wholesale Shop Auto Repair Shop Gym & Fitness Pharmacy Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Rome
    County
    Oneida
    State
    New York
    Longitude
    -75.4058831
    Latitude
    43.2188056

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    FAQs

    What type of property is this?
    Manufacturing property - 58,535 SF Industrial Space - Vacant
    Where is this manufacturing property located?
    The property is located at 248 Otis St Rome, NY.
    What are key features of this property?
    This property features: Class A industrial property totaling 58,535 square feet.; Three-building complex on a 10.84-acre lot in Rome, NY.; NNN lease available; property also available for sale.
    Request Owner's contact information
    248 Otis St Rome, NY 13441
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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
    248 Otis St Rome, NY 13441
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