Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    FOR SALE
    Distribution properties

    248 Otis St, Rome, NY 13441

    46,588 SF 11.12 ac lot Built 1970
    Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US63-5211498
    248 Otis St, Rome, NY 13441 For Sale
    $12,000,000 46,588 SF
    248 Otis St, Rome, NY 13441
    View Listing →
    Property summary
    AI-generated overview

    This exceptional Class A industrial property, located at 248 Otis St in Rome, NY's Griffiss Business and Technology Park, offers 58,535 square feet of versatile space across three buildings situated on a 10.84-acre lot. The main building, encompassing over 48,975 square feet, features stacked offices, conference rooms, a training room, a dispatch center, and a full garage equipped with nine grade-level doors, bus lifts, a paint booth, and a parts department. A separate 4,600-square-foot body shop includes eight drive-through doors and offices. Additional storage is provided in a 4,960-square-foot building with one grade-level door. The property boasts ample parking, accommodating approximately 300 buses and 200 cars. The zoning is GB, and the property is available for immediate lease or sale under a NNN lease structure. The high ceilings (20+ feet) and 18 dock-high doors provide exceptional functionality for distribution, warehouse, or manufacturing operations. This prime location within the Griffiss Business and Technology Park offers excellent access to transportation and infrastructure.

    Property profile
    Verified
    Property type Distribution properties
    Use group BUS TERMINAL
    Year built 1970
    Total area 46,588 SF
    Lot 11.12 ac (484,387 SF)
    Zoning code GB
    APN 301301 243.000-0001-001.053
    UPID US63-5211498
    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
    by Request
    Blend (final) Blend
    $1.22M
    Owner & transaction history
    766 Ellsworth Realty Corp · 6 yrs held
    766 Ellsworth Realty Corp
    since 2019
    3 recorded transactions
    2025
    2019
    $6.8M
    2018
    Zoning & alternative use
    GB · Rome, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    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