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Property profile & analytics
OFF-MARKET
Investment properties
602 James St Rome, NY 13440-6633
Individually Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US63-2739805
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1955
Total area
1,388 SF
Lot
0.41 ac (17,860 SF)
Zoning code
W
APN
301301 242.073-0001-009
UPID
US63-2739805
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mohammad Alward · 7 yrs held
Mohammad Alward
since 2018
Last sale
$5,000
2 recorded transactions
Zoning & alternative use
W · Rome, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
istricts . C-1 local commercial district C-2 general commercial district C-3 central commercial district I-G general industrial district (d) Geographically specific districts. GB Griffiss Business Redevelopment District W waterfront district WR Woodhaven Redevelopment District (e) Special purpose districts. I institutional campus district AA airport approach…
Zone name
Waterfront
General category
UNKNOWN
Zone area
447.24 ac
Source
code of ordinances
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$42,500
Assessed 2023
Previous assessed
$42,500
+0.0% YoY
Assessed land
$15,000
Assessed improvement
$27,500
Land market value
$33,054
Improvement market value
$60,600
Total market value
$93,654
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1955
Heating
NONE
Buildings
1
Stories
2
Total area
1,388 SF
Lot
0.41 ac (17,860 SF)
Zoning code
W
APN
301301 242.073-0001-009
UPID
US63-2739805
Jurisdiction
ONEIDA
Zoning & alternative use
W · Rome, NYZoning W · permitted uses
W · Rome, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
istricts . C-1 local commercial district C-2 general commercial district C-3 central commercial district I-G general industrial district (d) Geographically specific districts. GB Griffiss Business Redevelopment District W waterfront district WR Woodhaven Redevelopment District (e) Special purpose districts. I institutional campus district AA airport approach district SS scrap and salvage district NPH natural products and hazards district
Zone name
Waterfront
General category
UNKNOWN
Zone area
447.24 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
1955
Heating
NONE
Stories
2
Buildings
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
Mohammad Alward
Individual
Free & Clear · 7 yrs held
Mailing address
219 SAINT ANNS AVE APT #8, BRONX, NY 10454-4731
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 24, 2018
$21,500
Mohammad Alward
Hoffmeister,william
Quit Claim Deed
related
—
Mar 6, 2017
$13,200
William Hoffmeister
Central Adirondack Dairy INC
Warranty Deed
—
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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