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Property profile & analytics
OFF-MARKET
Estimated value
$915,000
Medical Office Space
950 Floyd Ave, Rome, NY 13440-4535
Entity Owned
14-yr Hold
Free & Clear
Property ID
US63-2737406
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1966
Total area
32,238 SF
Lot
26.66 ac (1,161,310 SF)
Zoning code
R-1-8
APN
301301 243.005-0004-019
UPID
US63-2737406
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
-
Colonial Park Rehabilitation & Nursing Center Nursing Home
-
Bates Patricia S Physician
-
Beatrice Bayona Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$570k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$915k
Owner & transaction history
950 Floyd Ave LLC · 14 yrs held
950 Floyd Ave LLC
since 2012
3 recorded transactions
Zoning & alternative use
R-1-8 · Rome, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$570,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,435,000
Current use
INDUSTRIAL (GENERAL)
$1,250,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$915k
Range $824k – $1.01M · ±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
$28 / 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
$1,300,000
Assessed 2023
Previous assessed
$1,300,000
+0.0% YoY
Assessed land
$39,600
Assessed improvement
$1,260,400
Land market value
$87,263
Improvement market value
$2,777,435
Total market value
$2,864,698
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
1966
Heating
NONE
Buildings
1
Stories
1
Total area
32,238 SF
Lot
26.66 ac (1,161,310 SF)
Zoning code
R-1-8
APN
301301 243.005-0004-019
UPID
US63-2737406
Jurisdiction
ONEIDA
Zoning & alternative use
R-1-8 · Rome, NY
Zoning R-1-8 · permitted uses
R-1-8 · 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
MEDICAL BUILDING Current
Est. value
$1.4M
INDUSTRIAL (GENERAL)
Est. value
$1.3M
MEDICAL BUILDING Current
INDUSTRIAL (GENERAL)
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
1966
Heating
NONE
Stories
1
Buildings
1
Lot
26.66 ac
Current owner
From public records · entity-resolved
950 Floyd Ave LLC
Entity
Free & Clear · 14 yrs held
Mailing address
1720 WHITESTONE EXPY STE #500, WHITESTONE, NY 11357-3021
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2012
$1,600,000
950 Floyd Ave LLC
Rome Parkway Nursing Home
Grant Deed
—
—
—
950 Floyd Avenue LLC|193 Clinton Avenue LLC
—
Loan Modification
related
$6,000,000 · M&t Bk
—
—
950 Floyd Avenue LLC
—
Loan Modification, Consolidation And Extension
related
$1,875,000 · M&t 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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