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    Property profile & analytics

    248 Otis St Rome, NY 13441

    • Distribution properties
    • 46,588 SF
    • 11.12 lot acres
    For Sale
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US63-5211498
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Distribution properties

    Property Details for 248 Otis St

    Year built
    1970
    Lot size
    11.12 lot acres
    Property size
    46,588 SF
    Zone code
    GB
    Property type
    Distribution properties
    APN
    301301 243.000-0001-001.053
    APU
    9223372036854775807

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $640,000

    • CAP approach

      CAP return
      Estimation
      6%
      $830,000
      6.5%
      $895,000
      7%
      $870,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $890,000
      Geo Method
      $870,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $995,000
      Retail
      $1,040,000
      Mixed-Use
      $925,000
      Hospitality
      $815,000
      Educational
      $785,000
      Residential Income
      $1,030,000
      Energy
      $995,000
      Income-Based Land
      $1,065,000
      Food Service
      $895,000

    Location Insight

    • Map
    • Local Demand
    City
    Rome
    County
    Oneida
    State
    New York
    Longitude
    -75.4046
    Latitude
    43.2191
    CBSA code
    46540
    CBSA name
    UTICA-ROME, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $222,380
    $770,000
    $992,380
    -
    $490,040
    $1,696,782
    $2,186,822

    Comparable in this City

    • Value Estimation by Request
      23,055 SF

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      View Details
    • Value Estimation by Request
      918,608 SF

      640 Perimeter Rd

      WAREHOUSE, STORAGE • 918,608 SF
      640 Perimeter Rd, Rome, NY 13441-4924
      View Details
    • Value Estimation by Request
      385,216 SF

      394 Hangar Rd

      MANUFACTURING (LIGHT) • 385,216 SF
      394 Hangar Rd, Rome, NY 13441-4518
      View Details
    • Value Estimation by Request
      75,547 SF

      80 Otis St

      MANUFACTURING (LIGHT) • 75,547 SF
      80 Otis St, Rome, NY 13441-4712
      View Details
    • Value Estimation by Request
      195,839 SF

      650 Donaldson Rd

      WAREHOUSE, STORAGE • 195,839 SF
      650 Donaldson Rd, Rome, NY 13441
      View Details
    • Value Estimation by Request
      11,842 SF

      655 Ellsworth Rd

      MANUFACTURING (LIGHT) • 11,842 SF
      655 Ellsworth Rd, Rome, NY 13441-4809
      View Details

    Similar Nearby for Sale

    • $12,000,000
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      Griffiss Park Industrial Investment Opportunity

      77,785 SF industrial property in Griffiss Business and Technology Park.
      248 Otis St, Rome, NY 13441
      View Details
    • Contact for pricing
      58,535 SF

      Rome, NY Industrial Facility

      58,535 SF Industrial Space - Vacant
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    Similar Nearby for Lease

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    • $15 SF/Yr
      2,196 SF

      Retail/Office Space in Griffiss Park

      Retail or office suites available in Griffiss Business and Technology Park.
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    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
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