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Property profile & analytics
OFF-MARKET
Estimated value
$88,195,000
Warehouses
640 Perimeter Rd, Rome, NY 13441-4924
Individually Owned
13-yr Hold
Free & Clear
Property ID
US63-3935058
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2006
Total area
918,608 SF
Lot
86.69 ac (3,776,216 SF)
Zoning code
GB
APN
301301 244.000-0003-003.002
UPID
US63-3935058
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
-
Family Dollar Distribution Center Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$103.60M
Blend (final)
Blend
$88.20M
Owner & transaction history
Family Dollar Services In · 13 yrs held
Family Dollar Services In
since 2012
4 recorded transactions
Zoning & alternative use
GB · Rome, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$120.1M
+88.0%
Office building
$92.5M
+44.9%
Auto repair, garage
$69.9M
+9.5%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$63,870,000
Current use
RESTAURANT
$120,090,000
Change: +88% · Conversion: Difficult
OFFICE BUILDING
$92,530,000
Change: +45% · Conversion: Difficult
AUTO REPAIR, GARAGE
$69,905,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$88.20M
Range $79.38M – $97.01M · ±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
$96 / 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
$50,056,000
Assessed 2023
Previous assessed
$50,056,000
+0.0% YoY
Assessed land
$1,213,700
Assessed improvement
$48,842,300
Land market value
$2,674,526
Improvement market value
$107,629,573
Total market value
$110,304,099
Applied tax rate
301,300.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2006
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
918,608 SF
Lot
86.69 ac (3,776,216 SF)
Zoning code
GB
APN
301301 244.000-0003-003.002
UPID
US63-3935058
Jurisdiction
ONEIDA
Zoning & alternative use
GB · Rome, NY
Zoning GB · permitted uses
GB · Rome, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rome. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$63.9M
RESTAURANT
Est. value
$120.1M
OFFICE BUILDING
Est. value
$92.5M
AUTO REPAIR, GARAGE
Est. value
$69.9M
WAREHOUSE, STORAGE Current
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2006
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
86.69 ac
Current owner
From public records · entity-resolved
Family Dollar Services In
Individual
Free & Clear · 13 yrs held
Mailing address
500 VOLVO PKWY, CHESAPEAKE, VA 23320-1604
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 30, 2012
—
Family Dollar Services In
Oneida Co Ind Dev Ag
Grant Deed
—
Jun 7, 2005
$1,213,744
Family Dollar Services INC
Griffiss Local Development
Warranty Deed
—
Jun 7, 2005
—
Oneida County Industrial Deve
Family Dollar Serv
Warranty Deed
—
—
—
Family Dollar Services INC
—
Deed Of Trust
related
$37,300 · Jp Morgan Chase Bk
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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