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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Investment properties
1319 Erie W Blvd 25 Rome, NY 13440-8305
Entity Owned
2-yr Hold
Free & Clear
Property ID
US63-3214002
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2007
Total area
8,281 SF
Lot
1.4 ac (60,984 SF)
Zoning code
C-2
APN
301301 222.000-0001-065
UPID
US63-3214002
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Empire Vision Center Physician
-
AT&T Store Mobile Phone Store Electronics & Wireless Store
-
Kevin Dean Hilton Dental Office
-
Kevin Xiaofan Xue Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$520k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$655k
Blend (final)
Blend
$520k
Owner & transaction history
Nbt Bank NA · 2 yrs held
Nbt Bank NA
since 2024
Last sale
$520,000
5 recorded transactions
Zoning & alternative use
C-2 · Rome, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$835,000
+103.3%
Auto repair, garage
$630,000
+53.6%
Warehouse, storage
$575,000
+40.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Rome submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rome submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$520,000
ML approach
$520,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$410,000
Current use
OFFICE BUILDING
$835,000
Change: +103% · Conversion: Easy
AUTO REPAIR, GARAGE
$630,000
Change: +54% · Conversion: Difficult
WAREHOUSE, STORAGE
$575,000
Change: +40% · Conversion: Difficult
Blend value · Realmo final
$520k
Range $468k – $572k · ±10% · vs last sale $520k (Jul 3 2024)
Last sale anchor
$520k
Jul 3 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$63 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$885,900
Assessed 2023
Previous assessed
$880,900
+0.6% YoY
Assessed land
$200,000
Assessed improvement
$685,900
Land market value
$440,723
Improvement market value
$1,511,459
Total market value
$1,952,182
Applied tax rate
301,300.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
2007
Heating
NONE
Buildings
1
Stories
1
Total area
8,281 SF
Lot
1.4 ac (60,984 SF)
Zoning code
C-2
APN
301301 222.000-0001-065
UPID
US63-3214002
Jurisdiction
ONEIDA
Zoning & alternative use
C-2 · Rome, NY
Zoning C-2 · permitted uses
C-2 · Rome, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rome. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$410,000
OFFICE BUILDING
Est. value
$835,000
AUTO REPAIR, GARAGE
Est. value
$630,000
WAREHOUSE, STORAGE
Est. value
$575,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Heating
NONE
Stories
1
Buildings
1
Lot
1.4 ac
Current owner
From public records · entity-resolved
Nbt Bank NA
Entity
Free & Clear · 2 yrs held
Mailing address
379 HIGBY RD, NEW HARTFORD, NY 13413-3430
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2024
$520,000
Nbt Bank NA
1319 Erie Blvd LLC
Warranty Deed
—
Feb 13, 2009
$1,550,000
1319 Erie Boulevard LLC
Cameron Rome LLC
Grant Deed
—
Jul 27, 2006
$200,000
Cameron Rome LLC
Key Park Mgmt Corp
Warranty Deed
—
Jul 27, 2006
—
Key Park Management Corp
Montal,nicholas
Warranty Deed
—
Feb 15, 2005
—
Dot Nys
Montalbano,philip
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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