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Property profile & analytics
OFF-MARKET
Estimated value
$4,385,000
Grocery and convenience stores
808 Chestnut St Rome, NY 13440-2364
Individually Owned
7-yr Hold
Free & Clear
Property ID
US63-1943241
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2020
Total area
49,643 SF
Lot
8 ac (348,480 SF)
Zoning code
C-1
APN
301301 223.011-0002-004.001
UPID
US63-1943241
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
-
Hannaford Pharmacy Pharmacy
-
Hannaford Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.66M
Blend (final)
Blend
$4.39M
Owner & transaction history
Martins Foods Of S Burlington · 7 yrs held
Martins Foods Of S Burlington
since 2019
1 recorded transaction
Zoning & alternative use
C-1 · Rome, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
C-1 local commercial district. The C-1 local commercial district is intended to provide for small-scale commercial and mixed-use development that serves the local community. (b)
Zone name
Local Commercial
General category
COMMERCIAL
Zone area
283.76 ac
Source
code of ordinances
Top alternative use upside
Restaurant
$6.2M
+116.9%
Auto repair, garage
$4.9M
+73.5%
Commercial (general)
$3.8M
+34.6%
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
RETAIL STORES
$2,835,000
Current use
RESTAURANT
$6,150,000
Change: +117% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,920,000
Change: +74% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,815,000
Change: +35% · Conversion: Easy
OFFICE BUILDING
$2,800,000
Change: -1% · Conversion: Easy
WAREHOUSE, STORAGE
$2,735,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$4.39M
Range $3.95M – $4.82M · ±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
$88 / 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
$5,075,900
Assessed 2023
Previous assessed
$5,075,900
+0.0% YoY
Assessed land
$1,360,000
Assessed improvement
$3,715,900
Land market value
$2,996,915
Improvement market value
$8,188,409
Total market value
$11,185,324
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2020
Heating
NONE
Cooling
PARTIAL
Buildings
1
Stories
1
Total area
49,643 SF
Lot
8 ac (348,480 SF)
Zoning code
C-1
APN
301301 223.011-0002-004.001
UPID
US63-1943241
Jurisdiction
ONEIDA
Zoning & alternative use
C-1 · Rome, NYZoning C-1 · permitted uses
C-1 · Rome, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
C-1 local commercial district. The C-1 local commercial district is intended to provide for small-scale commercial and mixed-use development that serves the local community. (b)
Zone name
Local Commercial
General category
COMMERCIAL
Zone area
283.76 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.8M
RESTAURANT
Est. value
$6.2M
AUTO REPAIR, GARAGE
Est. value
$4.9M
COMMERCIAL (GENERAL)
Est. value
$3.8M
OFFICE BUILDING
Est. value
$2.8M
WAREHOUSE, STORAGE
Est. value
$2.7M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
WAREHOUSE, STORAGE
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
2020
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
8 ac
Current owner
From public records · entity-resolved
Martins Foods Of S Burlington
Individual
Free & Clear · 7 yrs held
Mailing address
145 PLEASANT HL RD, SCARBOROUGH, ME 04074-9309
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2019
$1,360,000
Martins Foods Of S Burlington
Rose Cypress Associates INC
Grant 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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