Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    255 Dominick St Rome, NY 13440

    • Investment properties
    • 10,764 SF
    • 0.52 lot acres
    For Sale
    View listing
    $750,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1624242
    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.

    Current Use by Public Records

    • Investment properties

    Property Details for 255 Dominick St

    Year built
    1908
    Lot size
    0.52 lot acres
    Property size
    10,764 SF
    Zone code
    C-1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    301301 242.059-0001-066
    APU
    3013012420590001066

    Description

    This exceptional 10,764-square-foot restaurant property in Rome, New York, presents a unique investment opportunity. Located at 255 E Dominick St, this turnkey establishment boasts a rich history and is ready for immediate operation. The building includes a fully equipped commercial kitchen, bar area, multiple dining areas, and private party rooms. Two upstairs apartment units offer potential for additional rental income, which can be divided into two separate units. The 0.67-acre lot provides ample parking. The property's C-1 zoning allows for a variety of uses, including conversion to a multi-tenant building or redevelopment into a different commercial venture. The ground floor offers flexibility for subdivision or complete renovation. Public utilities are readily available. The asking price for this prime commercial property is $750,000. The property's Assessed Parcel Number (APN) is 242.059-1-66. This is a rare chance to acquire a well-established property with significant upside potential in a desirable location. The property's size and zoning provide a wide range of possibilities for future development and income generation.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Rome
    County
    Oneida
    State
    New York
    Longitude
    -75.4523
    Latitude
    43.2087
    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
    $15,800
    $150,700
    $166,500
    -
    $34,817
    $332,085
    $366,902

    Comparable in this City

    • Value Estimation by Request
      4,960 SF

      233 12th E Dominick St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,960 SF
      233 12th E Dominick St, Rome, NY 13440-5911
      View Details
    • Value Estimation by Request
      3,740 SF

      296 Dominick St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,740 SF
      296 Dominick St, Rome, NY 13440-5923
      View Details
    • Value Estimation by Request
      3,516 SF

      520 Dominick St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,516 SF
      520 Dominick St, Rome, NY 13440-4819
      View Details
    • Value Estimation by Request
      1,170 SF

      501 Dominick St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,170 SF
      501 Dominick St, Rome, NY 13440-4818
      View Details
    • Value Estimation by Request
      2,784 SF

      607 Dominick St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,784 SF
      607 Dominick St, Rome, NY 13440-6085
      View Details
    • Value Estimation by Request
      2,596 SF

      294 Dominick St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,596 SF
      294 Dominick St, Rome, NY 13440-5914
      View Details

    Similar Nearby for Sale

    • $380,000

      Profitable Laundromat with Live-Work Space

      Turnkey laundromat business with apartment in prime location.
      745-747 Erie Blvd, Rome, NY 13440
      View Details
    • $174,900
      2,064 SF

      Mixed-Use Property with Commercial Space

      Versatile property with commercial space and residential apartment.
      624 Black River Blvd N, Rome, NY 13440
      View Details
    • $299,900

      Mixed-Use Property with Residential Units

      Mixed-use property featuring commercial space and residential apartments.
      433-435 S James St, Rome, NY 13440
      View Details
    • $84,900
      Pending

      Rome, NY Duplex with Potential

      Duplex in Rome near schools, shopping, and dining.
      308 Expense St, Rome, NY 13440
      View Details
    • $250,000

      Mixed-Use Property For Sale

      Versatile commercial property with retail spaces and residential units.
      223-227 Dominick St St, Rome, NY 13440
      View Details
    • $1,200,000
      64,930 SF

      Rome Catholic High School

      Prime Commercial Redevelopment Opportunity
      800 Cypress St, Rome, NY 13440
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      1,200 SF

      Downtown Rome Office Space

      1,200 SF office space in downtown Rome, NY.
      117 W Liberty St, Rome, NY 13440
      View Details
    • Contact for pricing
      6,850 SF

      Retail Space in Rome, NY

      Retail space available in grocery-anchored shopping center.
      205 Erie Blvd W, Rome, NY 13440
      View Details
    • $15 SF/Yr
      10,000 SF

      Office Space Available For Rent

      10000 square feet of office space for rent.
      1300b Floyd Ave, Rome, NY 13440
      View Details
    • $15 SF/Yr
      8,000 SF

      Office Space in Rome, NY

      8,000 sq ft office space available for lease.
      1300 Floyd Ave, Rome, NY 13440
      View Details
    • $435,000
      3,536 SF

      Prime Commercial Property on Floyd Avenue

      Well-maintained commercial property in Rome, NY, with high visibility.
      1107-1109 Floyd Ave, Rome, NY 13440
      View Details
    • Contact for pricing
      30,188 SF

      Office Space and Parking Available

      Office space with parking area available for immediate sublease.
      7019 Dominick St East, 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.
    255 Dominick St
    Rome, NY 13440
    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

    Google sign-in failed. Please try again or use another login method.