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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Community centers
405 Erie W Blvd Rome, NY 13440-4803
Entity Owned
Absentee Owner
Free & Clear
Property ID
US63-2142700
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2008
Total area
15,102 SF
Lot
1.87 ac (81,457 SF)
Zoning code
C-2
APN
301301 242.048-0001-017
UPID
US63-2142700
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
Current use
Occupant on record · Public records
-
Rite Aid Pharmacy Pharmacy
-
higi Physician
-
Western Union Bank Credit Union
-
Rite Aid Photo (Bike/Boat/Book/etc) Store
-
Rite Aid Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$640k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$514k
Blend (final)
Blend
$575k
Owner & transaction history
O Reilly Auto Ent LLC
O Reilly Auto Ent LLC
since 2026
3 recorded transactions
Zoning & alternative use
C-2 · Rome, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
C-2 general commercial district. The C-2 general commercial district is intended to provide for a broad range of commercial development including a full range of retail, office, and service uses that serves the local and regional market. Dwellings above the ground floor are encouraged to facilitate mixed-use development. (c)
Zone name
General Commercial
General category
COMMERCIAL
Zone area
764.00 ac
Source
code of ordinances
Top alternative use upside
Retail stores
$860,000
+218.3%
Office building
$850,000
+214.5%
Warehouse, storage
$830,000
+206.9%
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
$640,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$860,000
Change: +218% · Conversion: Easy
OFFICE BUILDING
$850,000
Change: +214% · Conversion: Moderate
WAREHOUSE, STORAGE
$830,000
Change: +207% · Conversion: Difficult
MEDICAL BUILDING
$670,000
Change: +148% · Conversion: Difficult
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$38 / 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
$2,725,000
Assessed 2023
Previous assessed
$2,725,000
+0.0% YoY
Assessed land
$1,626,000
Assessed improvement
$1,099,000
Land market value
$3,583,076
Improvement market value
$2,421,772
Total market value
$6,004,848
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2008
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
15,102 SF
Lot
1.87 ac (81,457 SF)
Zoning code
C-2
APN
301301 242.048-0001-017
UPID
US63-2142700
Jurisdiction
ONEIDA
Zoning & alternative use
C-2 · Rome, NYZoning C-2 · permitted uses
C-2 · Rome, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
C-2 general commercial district. The C-2 general commercial district is intended to provide for a broad range of commercial development including a full range of retail, office, and service uses that serves the local and regional market. Dwellings above the ground floor are encouraged to facilitate mixed-use development. (c)
Zone name
General Commercial
General category
COMMERCIAL
Zone area
764.00 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$860,000
OFFICE BUILDING
Est. value
$850,000
WAREHOUSE, STORAGE
Est. value
$830,000
MEDICAL BUILDING
Est. value
$670,000
RETAIL STORES
OFFICE BUILDING
WAREHOUSE, STORAGE
MEDICAL BUILDING
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
2008
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
1.87 ac
Current owner
From public records · entity-resolved
O Reilly Auto Ent LLC
Entity
Free & Clear · 0 yrs held
Mailing address
295 MAIN ST RM #210, BUFFALO, NY 14203-2402
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2026
$2,995,000
O Reilly Auto Ent LLC
1093 Group LLC
Deed
—
—
—
1093 Group LLC
—
Deed Of Trust
related
$365,563 · Evans Bk NA
—
—
1093 Group LLC
—
Loan Modification, Consolidation And Extension
related
$4,500,000 · Evans Bk NA
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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