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 LEASE
    Office buildings

    421 Ridge St, Rome, NY 13440

    19,600 SF 0.99 ac lot Built 1930
    Entity Owned 10-yr Hold Free & Clear
    Property ID
    US63-3665401
    Property summary
    AI-generated overview

    This exceptional three-story office building, located at 421 Ridge Street in Rome, New York, presents a unique investment or leasing opportunity. The 29,400 square foot building, situated on a one-acre lot, boasts a desirable Traditional Office, Medical Office, and Executive Office configuration. Completely renovated between 2007 and 2011, the property features significant upgrades including four new boilers, a state-of-the-art rooftop AC system, updated windows, a comprehensive sprinkler and fire safety system, and a robust 1200 amp electrical service. The extensive renovation also included repaving of the ample 83-space parking lot. Built in 1930 and meticulously maintained, this Class B building offers a blend of historical charm and modern functionality. The entire building is currently vacant, providing a blank canvas for a single tenant to customize the space to their exact needs. The property's convenient location, near the intersection of Ridge Street and S. Jay Street, offers excellent visibility and accessibility. The APN is 242.000-001-007.0030000. This is an unparalleled opportunity to acquire a fully renovated, sizable office building in a thriving New York community. The property is available for both purchase and lease.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1930
    Total area 19,600 SF
    Lot 0.99 ac (43,124 SF)
    Zoning code R-2
    APN 301301 242.000-0001-007.003
    UPID US63-3665401
    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
    • Rome Research Corporation Engineer Research Foundation
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $375k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $592k
    Blend (final) Blend
    $510k
    Owner & transaction history
    Rome 421 Ridge LLC · 10 yrs held
    Rome 421 Ridge LLC
    since 2015
    3 recorded transactions
    2015
    2005
    $145,000
    2005
    Zoning & alternative use
    R-2 · 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