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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    606 Ss St Utica, NY 13501-3716

    • Investment properties
    • 2,716 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimations
    $245,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-0236651
    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.

    Current Use by Public Records

    • Simma restaurant / Jamaican Restaurant

    Property Details for 606 Ss St

    Year built
    1950
    Lot size
    0.11 lot acres
    Property size
    2,716 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    301600 318.76-1-77
    APU
    30160031876177

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $290,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $200,000
      Market price range: $122k - $304k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $275,000
      AUTO REPAIR, GARAGE
      $205,000
      WAREHOUSE, STORAGE
      $190,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Utica
    County
    Oneida
    State
    New York
    Longitude
    -75.2244
    Latitude
    43.0929
    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
    $6,300
    $31,700
    $38,000
    -
    $14,651
    $73,721
    $88,372

    Comparable in this City

    • Value Estimation
      $330,000
      2,652 SF

      1021 Mohawk St

      STORE/OFFICE (MIXED USE) • 2,652 SF
      1021 Mohawk St, Utica, NY 13501-3121
      View Details
    • Value Estimation
      $295,000
      2,262 SF

      600 Mohawk St

      STORE/OFFICE (MIXED USE) • 2,262 SF
      600 Mohawk St, Utica, NY 13501-2435
      View Details
    • Value Estimation
      $255,000
      1,536 SF

      1801 Welsh Bush Rd

      STORE/OFFICE (MIXED USE) • 1,536 SF
      1801 Welsh Bush Rd, Utica, NY 13501-4266
      View Details
    • Value Estimation
      $275,000
      2,717 SF

      1038 Albany St

      STORE/OFFICE (MIXED USE) • 2,717 SF
      1038 Albany St, Utica, NY 13501-2641
      View Details
    • Value Estimation by Request
      900 SF

      2600 1st St

      STORE/OFFICE (MIXED USE) • 900 SF
      2600 1st St, Utica, NY 13501-6311
      View Details
    • Value Estimation
      $135,000
      2,350 SF

      402 Niagara St

      STORE/OFFICE (MIXED USE) • 2,350 SF
      402 Niagara St, Utica, NY 13501-1013
      View Details

    Similar Nearby for Sale

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      4,902 SF

      Mixed-Use Building with Remodeled Store

      Commercial residential building with store and apartments in Utica, NY.
      1420 Bleecker St, Utica, NY 13501
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    • $299,900
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      Mixed-Use Building in Prime Location

      Versatile property suitable for medical office, residential, or mixed-use.
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    • $59,000

      Mixed-Use Property with Business Potential

      Versatile 675 sq. ft. mixed-use space with residential potential.
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    • $229,900

      Mixed-Use Building with Storefronts

      Versatile building with apartments, storefronts, and ample parking.
      959 Bleecker St, Utica, NY 13501
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    • $650,000
      555 SF

      Utica Storefront: Prime Genesee St Location

      Vacant storefront, 555 sq ft, high traffic area.
      2639 Genesee St, Utica, NY 13501
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    • $35,000
      1.24 Acres

      Utica Land Parcel For Sale

      Over one acre lot ready for your dream home!
      Nob Rd, Utica, NY 13501
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      900 SF

      Renovated Office Space Available

      Newly renovated office space in downtown Utica for rent.
      287 Genesee St, Utica, NY 13501
      View Details
    • Contact for pricing
      12,000 SF

      Office Space Near Courthouse

      Available office space in Utica, near government buildings.
      209 Elizabeth St, Utica, NY 13501
      View Details
    • $12 SF/Yr
      2,740 SF

      Office Space in Bagg's Square

      Office space for rent in mixed-use building, build-to-suit.
      421423 Broad St, Utica, NY 13501
      View Details
    • $2,900 /Mo
      2,434 SF

      Former Restaurant with Drive-Thru

      Downtown Utica restaurant space with drive-thru and parking.
      326 Genesee St, Utica, NY 13501
      View Details
    • $14 SF/Yr
      3,333 SF

      Renovated Office or Retail Space

      Newly renovated office/retail space with parking and shared conference room.
      310 Broad St, Utica, NY 13501
      View Details
    • Contact for pricing
      3,000 SF

      Corner Lot for Lease

      1.18+/- acre corner lot suitable for retail or office development.
      515 Broad St, Utica, NY 13501
      View Details
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    606 Ss St
    Utica, NY 13501-3716
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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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