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Property profile & analytics
OFF-MARKET
Estimated value
$1,245,000
Investment properties
242 Dominick St 62 Rome, NY 13440-5812
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US63-0886667
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1973
Total area
14,706 SF
Lot
0.35 ac (15,246 SF)
Zoning code
C-3
APN
301301 242.049-0001-019
UPID
US63-0886667
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$751k
Blend (final)
Blend
$1.25M
Owner & transaction history
242 W Dominick Equities LLC · 10 yrs held
242 W Dominick Equities LLC
since 2016
4 recorded transactions
Zoning & alternative use
C-3 · Rome, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
C-3 central commercial district. The C-3 central commercial district is intended to provide for commercial and select residential development within the city's central business district that allows a broad range of uses to reflect the central business district's role as a cultural, office, and governmental center. Dwellings above the ground floor are encoura…
Zone name
Central Commercial
General category
COMMERCIAL
Zone area
54.62 ac
Source
code of ordinances
Top alternative use upside
Restaurant
$1.9M
+163.9%
Office building
$1.5M
+103.3%
Auto repair, garage
$1.1M
+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
$1,925,000
Change: +164% · Conversion: Difficult
OFFICE BUILDING
$1,480,000
Change: +103% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,120,000
Change: +54% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,025,000
Change: +40% · Conversion: Difficult
Blend value · Realmo final
$1.25M
Range $1.12M – $1.37M · ±10%
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
$85 / 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
$330,000
Assessed 2023
Previous assessed
$272,000
+21.3% YoY
Assessed land
$35,000
Assessed improvement
$295,000
Land market value
$77,127
Improvement market value
$650,066
Total market value
$727,193
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
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1973
Heating
NONE
Buildings
1
Stories
1
Total area
14,706 SF
Lot
0.35 ac (15,246 SF)
Zoning code
C-3
APN
301301 242.049-0001-019
UPID
US63-0886667
Jurisdiction
ONEIDA
Zoning & alternative use
C-3 · Rome, NYZoning C-3 · permitted uses
C-3 · Rome, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
C-3 central commercial district. The C-3 central commercial district is intended to provide for commercial and select residential development within the city's central business district that allows a broad range of uses to reflect the central business district's role as a cultural, office, and governmental center. Dwellings above the ground floor are encouraged and multi-story development is required. (d)
Zone name
Central Commercial
General category
COMMERCIAL
Zone area
54.62 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$1.0M
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
1973
Heating
NONE
Stories
1
Buildings
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
242 W Dominick Equities LLC
Entity
Mailing address
24 COLLEGE ST, CLINTON, NY 13323-1683
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2022
—
242 W Dominick Equities
—
Deed
related
$850,000 · Gpo FCU
Feb 18, 2016
$400,000
242 W Dominick Equities LLC
Dominick Street LLC
Dual Purpose Document
related
$400,000 · Stancorp Mtg Invtrs
May 3, 2010
$450,000
Dominick Street LLC
242 W Dominick Corp
Grant Deed
—
—
—
Dominick Street LLC
—
Loan Modification
related
$400,000 · Miscellaneous Ins Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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