Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    305 Ann St Rome, NY 13440
    Back to Search
    Property profile & analytics

    305 Ann St Rome, NY 13440

    View on Map
    • Residential income homes
    • 17,381 SF
    Off-Market
    Property ID
    US63-2114990
    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

    • Residential income homes

    Property Details for 305 Ann St

    Property size
    17,381 SF
    Property type
    Residential income homes

    Description

    This exceptional investment opportunity presents a portfolio of seven multi-family buildings totaling 20 units in Rome, New York. Located at 305 Ann St, 13440, this value-add property boasts 17,381 square feet and offers significant upside potential. The current Net Operating Income (NOI) is $99,281, yielding a 12.43% capitalization rate. However, a pro-forma NOI of $140,214 projects a substantial 17.55% cap rate, reflecting the significant value-add potential. Three units are undergoing renovations, including new furnaces, hot water heaters, and utility separation. All current tenants are on month-to-month leases, providing flexibility for future rent increases. The portfolio benefits from its location in high-demand rental areas within Oneida County, promising steady cash flow and potential appreciation. Renovations completed in 2024. This is an ideal acquisition for investors seeking to expand their multi-family holdings in upstate New York. The property offers a balanced mix of locations within the region. Further details are available upon request.

    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
    -75.458983535967
    Latitude
    43.205144213378

    Comparable in this City

    • $189,900
      3,589 SF

      Rome Multi-Family Investment Opportunity

      High-yield rental property near MVCC.
      1307 Floyd Ave, Rome, NY 13440
      View Details
    • $329,000

      Multi-Unit Apartment Buildings For Sale

      Multi-unit apartment buildings offer income and equity potential.
      601-603 N Washington St, Rome, NY 13440
      View Details
    • $190,000
      4,780 SF

      Multifamily Investment Opportunity in Rome

      Rooming house with eight rooms, generating income.
      207 W Bloomfield St, Rome, NY 13440
      View Details
    • $180,000
      4,200 SF

      Income-Producing Multifamily Property

      Nine-unit property designed to generate income in Accord, NY.
      107 W Thomas St, Accord, NY 13440
      View Details
    • Contact for pricing
      8,224 SF

      Mixed-Use Investment Property For Sale

      Partially equipped bar/restaurant, apartments, mobile home, and pad site.
      7949 New Floyd Rd, Rome, NY 13440
      View Details

    Similar Nearby for Sale

    • $329,000
      5,280 SF

      Multifamily Property in Rome, NY

      Multifamily buildings suitable for investors in Rome, NY.
      601-603 N Washington St, Rome, NY 13440
      View Details
    • $189,900
      3,589 SF

      Rome Multi-Family Investment Opportunity

      High-yield rental property near MVCC.
      1307 Floyd Ave, Rome, NY 13440
      View Details
    • Contact for pricing
      8,224 SF

      Mixed-Use Investment Property For Sale

      Partially equipped bar/restaurant, apartments, mobile home, and pad site.
      7949 New Floyd Rd, Rome, NY 13440
      View Details
    • $190,000

      Rooming House Investment Opportunity

      Rooming house with eight rooms, generating monthly income.
      207 W Bloomfield St, Rome, NY 13440
      View Details
    • $299,900
      Pending

      Mixed-Use Property with Storefront

      Mixed-use property featuring a commercial storefront and residential apartments.
      433 S James St, Rome, NY 13440
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      29,400 SF

      Rehabilitated Office Building Multifamily Potential

      Three-story office building suitable for multifamily conversion.
      421 Ridge St, Rome, NY 13440
      View Details
    • $12 SF/Yr
      1,000 SF

      Retail Space in Mohawk Acres

      Retail space available in Rome's major retail corridor.
      1720-1790 Black River Blvd N, Rome, NY 13440
      View Details
    • Contact for pricing
      1,500 SF

      Office Space Available for Rent

      1500 sqft office space for rent in Rome, NY.
      111 E Chestnut St, Rome, NY 13440
      View Details
    • $1,800 /Mo
      4,792 SF

      Prime Commercial Property on Floyd

      Well-maintained commercial property in Rome, NY, suitable for various businesses.
      1107 Floyd Ave, 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
    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.
    305 Ann 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

    Thank You for Inquiry
    305 Ann St, 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!