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    5302 Brown Rd Verona, NY 13478
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    Property profile & analytics

    5302 Brown Rd, Verona, NY 13478

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    • Warehouses
    • 10,560 SF
    • 11.50 lot acres
    For Lease
    $3,200/Mo
    View Listing →
    Rome Warehouse Space Available For Lease
    $3,200/Mo
    4,900 SF

    Rome Warehouse Space Available

    4,900 SF warehouse with ample parking near NYS Route 365.

    5302 Brown Rd, Verona, NY
    View Listing
    Property ID
    US63-2984376
    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

    • RECONN Verona / Corporate Office

    Property Details for 5302 Brown Rd

    Year built
    1978
    Lot size
    11.50 lot acres
    Zone code
    AG
    Property type
    Warehouses
    APN
    301389 271.000-0002-008
    APU
    3013892710000002008

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,320,000
      6.5%
      $1,220,000
      7%
      $1,135,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $989,000
      Market price range: $198k - $1.19M
      AI Estimate
      $762,000
      Market price range: $271k - $943k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $735,000
      Current use
      RESTAURANT
      $1,380,000
      Change: +88% Conversion: Difficult
      OFFICE BUILDING
      $1,065,000
      Change: +45% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $805,000
      Change: +9% Conversion: Easy
      COMMERCIAL (GENERAL)
      $765,000
      Change: +4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Verona
    County
    Oneida
    State
    New York
    Longitude
    -75.5362
    Latitude
    43.1791
    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
    $15,400
    $205,600
    $221,000
    -
    $33,936
    $453,063
    $486,999

    Comparable in this City

    • Value Estimation by Request
      8.40 Acres

      Fuel Store Dist

      BULK STORAGE, TANKS
      Fuel Store Dist, Verona, NY 13478
      View Details
    • Value Estimation by Request
      3,000 SF

      Tilden Hl Rd

      BULK STORAGE, TANKS
      Tilden Hl Rd, Verona, NY 13478
      View Details
    • Value Estimation by Request
      2,400 SF

      3247 Clinton St

      WAREHOUSE, STORAGE
      3247 Clinton St, Verona, NY 13478
      View Details
    • Value Estimation by Request
      1,920 SF

      Ny Rt 31

      WAREHOUSE, STORAGE
      Ny Rt 31, Verona, NY 13478
      View Details
    • Value Estimation by Request
      3,528 SF

      5080 Sand Hl Rd

      WAREHOUSE, STORAGE
      5080 Sand Hl Rd, Verona, NY 13478
      View Details
    • Value Estimation by Request
      48.42 Acres

      5449 Main St

      BULK STORAGE, TANKS
      5449 Main St, Verona, NY 13478-3423
      View Details

    Similar Nearby for Sale

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      Verona Gas Station & Store

      High-traffic location, turnkey operation.
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      View Details
    • Contact for pricing
      2,085 SF

      Commercial Land Near Turningstone

      Large acreage commercial site near Turningstone with multiple development opportunities.
      5121 State Route 365, Verona, NY 13478
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      Verona Commercial Land For Sale

      1.10 acre commercial land parcel in Verona, New York.
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      Verona Commercial Land For Sale

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      5416 Willow Pl, Verona, NY 13478
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    • $950,000

      Verona Gas Station & Store

      Operating gas station and convenience store on 0.39 acres.
      4615 Rome New London Rd, Verona, NY 13478
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    Similar Nearby for Lease

    • Contact for pricing
      11,388 SF

      Commercial Warehouse Spaces For Rent

      Two warehouse spaces with separate utilities and loading docks.
      5215 Hill Rd, Verona, NY 13478
      View Details
    • Contact for pricing
      3,500 SF

      Verona Warehouse Spaces For Rent

      Commercial warehouse spaces with separate utilities and loading docks.
      5219 Hill Rd, Verona, NY 13478
      View Details
    • Contact for pricing
      4,900 SF

      Rome Warehouse Space Available

      4,900 SF warehouse with ample parking near NYS Route 365.
      5302 Brown Rd, Verona, NY 13478
      View Details
    View Listing
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    Verona, NY 13478
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    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
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