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Property profile & analytics
OFF-MARKET
Estimated value
$910,000
Investment properties
1721 Black Riv N Blvd Rome, NY 13440-2447
Individually Owned
5-yr Hold
Free & Clear
Property ID
US63-2547523
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1980
Total area
9,310 SF
Lot
0.9 ac (39,204 SF)
Zoning code
C-2
APN
301301 224.013-0001-018
UPID
US63-2547523
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
-
Interactive Engineering Solutions Structural Engineer
-
Moore Land Surveying, P.C. Land Surveyor
-
Ann Erny Bridal and Beauty Cosmetic Store
-
Makeup by Nicole Marie Cosmetic Store
-
Resting Place Massage Therapy Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$736k
Blend (final)
Blend
$910k
Owner & transaction history
Douglas L Schiffer · 5 yrs held
Douglas L Schiffer
since 2021
Last sale
$26,500
5 recorded transactions
Zoning & alternative use
C-2 · Rome, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+163.9%
Office building
$940,000
+103.3%
Auto repair, garage
$710,000
+53.6%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,215,000
Change: +164% · Conversion: Difficult
OFFICE BUILDING
$940,000
Change: +103% · Conversion: Easy
AUTO REPAIR, GARAGE
$710,000
Change: +54% · Conversion: Difficult
WAREHOUSE, STORAGE
$645,000
Change: +40% · Conversion: Difficult
Blend value · Realmo final
$910k
Range $819k – $1.00M · ±10% · vs last sale $27k (Apr 23 2021)
Last sale anchor
$27k
Apr 23 2021
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
$98 / 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
$387,000
Assessed 2023
Previous assessed
$387,000
+0.0% YoY
Assessed land
$61,100
Assessed improvement
$325,900
Land market value
$134,641
Improvement market value
$718,158
Total market value
$852,799
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
1980
Heating
NONE
Buildings
1
Stories
1
Total area
9,310 SF
Lot
0.9 ac (39,204 SF)
Zoning code
C-2
APN
301301 224.013-0001-018
UPID
US63-2547523
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
RESTAURANT
Est. value
$1.2M
OFFICE BUILDING
Est. value
$940,000
AUTO REPAIR, GARAGE
Est. value
$710,000
WAREHOUSE, STORAGE
Est. value
$645,000
RESTAURANT
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
1980
Heating
NONE
Stories
1
Buildings
1
Lot
0.9 ac
Current owner
From public records · entity-resolved
Douglas L Schiffer
Individual
Free & Clear · 5 yrs held
Mailing address
1300 FLOYD AVE, ROME, NY 13440-4624
Ownership since
2021
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
Apr 23, 2021
$6,500
Douglas L Schiffer
Baxter W Simmons Irt
Deed
—
Apr 23, 2021
$26,500
Douglas L Schiffer
Kevin P Flaherty
Warranty Deed
—
Jan 17, 2019
—
Paul Deptola
Deptola,marlene J
Quit Claim Deed
related
—
Jan 17, 2019
$157,500
Senad Galijasevic
Deptola,paul & Joseph
Grant Deed
—
Dec 21, 2007
$225,000
Street Warehouse In Ridge
Black River Blv Rlty 1721
Grant Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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