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Property profile & analytics
OFF-MARKET
Estimated value
$770,000
Banks
1705 James St Rome, NY 13440-2417
Trust Owned
13-yr Hold
Free & Clear
Property ID
US63-1980525
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2021
Total area
2,858 SF
Lot
1.42 ac (61,855 SF)
Zoning code
C-1
APN
301301 223.016-0003-008
UPID
US63-1980525
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
-
Jesting Blue Media Advertising Agency Marketing & Advertising
-
A Mad Affair Event Planning Wedding Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$770k
Owner & transaction history
Filippini Living Trust · 13 yrs held
Filippini Living Trust
since 2012
Last sale
$650,000
1 recorded transaction
Zoning & alternative use
C-1 · Rome, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
C-1 local commercial district. The C-1 local commercial district is intended to provide for small-scale commercial and mixed-use development that serves the local community. (b)
Zone name
Local Commercial
General category
COMMERCIAL
Zone area
283.76 ac
Source
code of ordinances
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
by Request
ML approach
$1,025,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$770k
Range $693k – $847k · ±10% · vs last sale $650k (Jun 10 2020)
Last sale anchor
$650k
Jun 10 2020
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
$269 / 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
$1,000,000
Assessed 2023
Previous assessed
$2,200,000
-54.5% YoY
Assessed land
$350,000
Assessed improvement
$650,000
Land market value
$771,265
Improvement market value
$1,432,349
Total market value
$2,203,614
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2021
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
2,858 SF
Lot
1.42 ac (61,855 SF)
Zoning code
C-1
APN
301301 223.016-0003-008
UPID
US63-1980525
Jurisdiction
ONEIDA
Zoning & alternative use
C-1 · Rome, NYZoning C-1 · permitted uses
C-1 · Rome, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
C-1 local commercial district. The C-1 local commercial district is intended to provide for small-scale commercial and mixed-use development that serves the local community. (b)
Zone name
Local Commercial
General category
COMMERCIAL
Zone area
283.76 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
2021
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
1.42 ac
Current owner
From public records · entity-resolved
Filippini Living Trust
Trust
Free & Clear · 13 yrs held
Mailing address
4311 MIDDLE SETTLEMENT RD, NEW HARTFORD, NY 13413-5317
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2012
—
Filippini Living Trust
Filippini,natalino A & Mary E
Quit Claim 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.
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