Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    205 Erie E Blvd Rome, NY 13440-6822
    Back to Search
    Property profile & analytics

    205 Erie E Blvd Rome, NY 13440-6822

    View on Map
    • Auto shops
    • 3,920 SF
    • 0.12 lot acres
    Off-Market
    Property ID
    US63-3042118
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hobby Lobby / (Bike/Boat/Book/etc) Store
    • Freedom Plaza / Shopping Center & Mall
    • Brian's Body Services / Auto Repair Shop
    • Dollar Tree / Grocery & Convenience Store / Food Market
    • The SALON by InStyle Inside JCPenney / Hair Salon

    Property Details for 205 Erie E Blvd

    Year built
    1942
    Lot size
    0.12 lot acres
    Property size
    3,920 SF
    Zone code
    W
    Property type
    Auto shops
    APN
    301301 242.066-0001-024
    APU
    3013012420660001024

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Rome
    County
    Oneida
    State
    New York
    Longitude
    -75.4558
    Latitude
    43.2065
    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
    $6,900
    $61,100
    $68,000
    -
    $15,205
    $134,641
    $149,846

    Comparable in this City

    • Value Estimation by Request
      7,200 SF

      6718 Martin St

      AUTO REPAIR, GARAGE • 7,200 SF
      6718 Martin St, Rome, NY 13440-7107
      View Details
    • Value Estimation by Request
      2,023 SF

      619 Dominick St

      AUTO REPAIR, GARAGE • 2,023 SF
      619 Dominick St, Rome, NY 13440-3923
      View Details
    • Value Estimation by Request
      2,002 SF

      103 Wright St

      AUTO REPAIR, GARAGE • 2,002 SF
      103 Wright St, Rome, NY 13440
      View Details
    • Value Estimation by Request
      3,096 SF

      319 Park St

      AUTO REPAIR, GARAGE • 3,096 SF
      319 Park St, Rome, NY 13440-4941
      View Details
    • Value Estimation by Request
      3,600 SF

      1322 Erie W Blvd

      AUTO REPAIR, GARAGE • 3,600 SF
      1322 Erie W Blvd, Rome, NY 13440-8304
      View Details
    • Value Estimation by Request
      1,200 SF

      7513 Rapke Rd

      AUTO REPAIR, GARAGE • 1,200 SF
      7513 Rapke Rd, Rome, NY 13440-8328
      View Details

    Similar Nearby for Sale

    • $419,000

      Renovated Commercial Property For Sale

      Turnkey commercial space suitable for automotive or other ventures.
      720 W Dominick St, Rome, NY 13440
      View Details
    • Contact for pricing
      3,361 SF

      Auto Shop with Vehicle Lift

      Four-bay auto shop with lift for sale in Rome.
      607 S James St, Rome, NY 13440
      View Details
    • Contact for pricing
      2,444 SF

      Well-Maintained Car Wash in Rome

      High-functioning car wash with updated equipment and retail potential.
      316 W Liberty St, Rome, NY 13440
      View Details
    • Contact for pricing
      8,064 SF

      Former Auto Glass Building

      8,064 SF building on a highly visible corner.
      301 Erie Blvd W, Rome, NY 13440
      View Details
    • $380,000
      2,400 SF

      Commercial Laundromat with Apartment

      Turnkey laundromat business with a well-maintained apartment.
      745 Erie Blvd W, Rome, NY 13440
      View Details

    Similar Nearby for Lease

    • $2,800 /Mo

      6720 Martin St

      Commercial Garage
      6720 Martin St, Rome, NY 13440
      View Details
    • $2,500 /Mo
      4,792 SF

      Prime Commercial Property on Floyd Avenue

      Well-maintained commercial property in Rome, NY, suitable for various businesses.
      1109 Floyd Ave, Rome, NY 13440
      View Details
    • Contact for pricing
      500 SF

      Retail Space Available For Rent

      500 square feet of retail space for lease.
      1721 Black River Blvd N, Rome, NY 13440
      View Details
    • Contact for pricing

      Retail Space in Grocery-Anchored Center

      Inline retail space available in Rome, NY shopping center.
      205 Erie Blvd W, Rome, NY 13440
      View Details
    • Contact for pricing

      Retail Space in Rome, NY

      Retail space in a thriving Rome, NY community.
      510 N James St, Rome, NY 13440
      View Details
    • Contact for pricing
      2,480 SF

      Retail Space Available for Lease

      2480 SF retail space for lease in Rome, NY.
      5817 Taberg Rd, Rome, NY 13440
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    205 Erie E Blvd
    Rome, NY 13440-6822
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    205 Erie E Blvd, Rome, NY, 13440
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!