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Property profile & analytics
OFF-MARKET
Estimated value
$9,085,000
Manufacturing properties
650 Hbr Way, Rome, NY 13440-6837
Entity Owned
2-yr Hold
Free & Clear
Property ID
US63-3686731
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2009
Total area
96,999 SF
Lot
5.96 ac (259,618 SF)
Zoning code
W
APN
301301 242.020-0001-018.003
UPID
US63-3686731
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
-
American Alloy Steel Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.09M
CAP Approach
CAP
$9.23M
Comparable Approach
Comparable
$6.23M
Blend (final)
Blend
$9.09M
Owner & transaction history
American Alloy Steel INC · 2 yrs held
American Alloy Steel INC
since 2024
Last sale
$9.1M
3 recorded transactions
Zoning & alternative use
W · Rome, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$12.0M
+219.3%
Auto repair, garage
$9.6M
+155.5%
Commercial (general)
$7.5M
+98.2%
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
$9,085,000
ML approach
$9,085,000
CAP Approach
CAP Return
Estimation
6%
$10,000,000
6.5%
$9,230,000
7%
$8,570,000
Alternative Use
Use
Estimation
RESTAURANT
$12,015,000
Change: +219% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,610,000
Change: +155% · Conversion: Easy
COMMERCIAL (GENERAL)
$7,455,000
Change: +98% · Conversion: Difficult
RETAIL STORES
$5,540,000
Change: +47% · Conversion: Moderate
OFFICE BUILDING
$5,475,000
Change: +45% · Conversion: Difficult
Blend value · Realmo final
$9.09M
Range $8.18M – $9.99M · ±10% · vs last sale $9.09M (Apr 5 2024)
Last sale anchor
$9.09M
Apr 5 2024
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
$94 / 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
$3,171,500
Assessed 2023
Previous assessed
$2,467,238
+28.5% YoY
Assessed land
$150,000
Assessed improvement
$3,021,500
Land market value
$330,542
Improvement market value
$6,658,220
Total market value
$6,988,762
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2009
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
96,999 SF
Lot
5.96 ac (259,618 SF)
Zoning code
W
APN
301301 242.020-0001-018.003
UPID
US63-3686731
Jurisdiction
ONEIDA
Zoning & alternative use
W · Rome, NY
Zoning W · permitted uses
W · 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
RESTAURANT
Est. value
$12.0M
AUTO REPAIR, GARAGE
Est. value
$9.6M
COMMERCIAL (GENERAL)
Est. value
$7.5M
RETAIL STORES
Est. value
$5.5M
OFFICE BUILDING
Est. value
$5.5M
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
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
2009
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
5.96 ac
Current owner
From public records · entity-resolved
American Alloy Steel INC
Entity
Free & Clear · 2 yrs held
Mailing address
55 S LK AVESTE50, PASADENA, CA 91101-2676
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2024
$9,087,000
American Alloy Steel INC
Chickadee Properties LP
Deed
—
Oct 10, 2008
$150,000
Chickandee Proeprites
Rome Industrial Dev Corp
Grant Deed
—
Oct 10, 2008
—
Rome Industrial Dev Corp
Ny Rome
Quit Claim Deed
related
—
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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