Mixed-Use Property with
For Sale
$675,000
929 Calvert Street, Rome, NY 13440
Combined commercial, office, and residential improvements support both owner-user and investment applications.
Property Size3,165 SF
Price / SF$213.27
Days on Market48
Property Features for 929 Calvert Street
General Information
Standard status
Active
Size
3,165 SF
Property subtype
Retail
Building Details
Building Size
3,165 SF
Listing Agency:
Utica Office
Listed By:
Nicholas Cignarale
(315) 617-2662
Source:
Pyramidbrokerage
Added: Aug 28
Changed: Oct 12
Last Checked: Oct 12 at 4:34PM
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 Utica Office
Investment Insights
Based on property information with market context.
This mixed-use property contains 3,165 SF across two parcels totaling 0.36 acre. The improvements combine commercial garage space, office areas, and two residential apartments that are currently rented on a month-to-month basis. The layout brings business and residential components together within one property, with existing rental income and flexibility for an owner-user or investor.
Positioned at a corner with more than 100 feet of frontage on Erie Boulevard, the property offers direct commercial exposure and visibility. The combination of garage, office, and apartment space creates a varied physical configuration suitable for multiple ownership strategies.
Positioned at a corner with more than 100 feet of frontage on Erie Boulevard, the property offers direct commercial exposure and visibility. The combination of garage, office, and apartment space creates a varied physical configuration suitable for multiple ownership strategies.
Key Highlights
- 3,165 SF across two parcels totaling 0.36 acre
- Commercial garage space with office areas
- Two (2) residential apartments currently rented on MTM basis
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,879
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$797,580
$797.6K
Cap Rate 7%
$569,700
$569.7K
Cap Rate 9%
$443,100
$443.1K
Market Conditions
NOI Build-Up for 3,165 SF
Gross rent
$66.5K $21.00/SF
− Vacancy
−$13.3K −$4.20/SF
EGI
$53.2K $16.80/SF
− OpEx
−$13.3K −$4.20/SF
NOI
$39.9K $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%
$797,580
Cap Rate 7%
$569,700
Cap Rate 9%
$443,100
Alternative Uses
Best Use
Office B
$569.7K
$498.5K – $664.7K
NOI $39,879 @ 7.0% cap · market cap 5.91%
Second Best
Mixed Use
$537.1K
$470.0K – $626.7K
NOI $37,600 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$834.0K
$729.8K – $973.1K
NOI $58,383 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
250
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Combined commercial, office, and residential improvements support both owner-user and investment applications.
Where is this mixed-use property located?
The property is located at 929 Calvert Street Rome, NY.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 3,165 SF across two parcels totaling 0.36 acre; Commercial garage space with office areas; Two (2) residential apartments currently rented on MTM basis
