Fenced Flex Space with
For Sale
$375,000
12 Commerce Court, Rome, GA 30161
Commercial Sale, Rome, GA
Property Size3,000 SF
Lot Size0.46 Acres
Price / SF$125
Days on Market266
Property Features for 12 Commerce Court
General Information
Property type
Commercial Sale
Property subtype
Office
Parking features
On Street
Fencing
Chain Link, Fenced
Lot features
Level
Directions
Hwy 101 Rockmart Hwy to Lombardy Way right on Commerce
Standard status
Active
APN
J15W 248
Size
3,000 SF
Lot size
0.46 Acres
Taxes and HOA fees
Tax Year
24
Tax Annual Amount
2338
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Electric
Water source
Public
Building Details
Year built
1981
Building materials
Concrete
Additional Structures
Workshop
Listing Agency:
Toles, Temple & Wright, Inc.
(706) 291-0202
Listed By:
Della Gore
(706) 252-1415
Added: Dec 8, 2025
Changed: Aug 19
Last Checked: Aug 31 at 5:06AM
MLS# 10654770
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,000-square-foot flex property at 12 Commerce Court includes a garage storage area with a garage door for unloading. The concrete building previously served as an office and recording studio, offering an existing commercial layout for continued office or operational use. Natural gas heating, electric cooling, public water, and public sewer are in place.
The property occupies a 0.46-acre lot measuring 100 x 215 feet and is fully enclosed with chain-link fencing. A 12 ft X 60 ft covered parking area provides additional space for unloading. The site is zoned C-3 and includes on-street parking, cable availability, and a 1981 construction date.
The property occupies a 0.46-acre lot measuring 100 x 215 feet and is fully enclosed with chain-link fencing. A 12 ft X 60 ft covered parking area provides additional space for unloading. The site is zoned C-3 and includes on-street parking, cable availability, and a 1981 construction date.
Key Highlights
- 3,000‑square‑foot flex property with garage storage area
- Garage door supports unloading access
- 0.46‑acre lot measuring 100 x 215 feet
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,203
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$544,060
$544.1K
Cap Rate 7%
$388,614
$388.6K
Cap Rate 9%
$302,256
$302.3K
Market Conditions
NOI Build-Up for 3,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$45.0K $15.00/SF
− Vacancy
−$3.2K −$1.05/SF
EGI
$41.9K $13.95/SF
− OpEx
−$14.6K −$4.88/SF
NOI
$27.2K $9.07/SF
Area
Floyd County, GA
Vacancy
7.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$544,060
Cap Rate 7%
$388,614
Cap Rate 9%
$302,256
Alternative Uses
Best Use
Flex RnD
$388.6K
$340.0K – $453.4K
NOI $27,203 @ 7.0% cap · market cap 7.25%
Second Best
Office B
$352.0K
$308.0K – $410.7K
NOI $24,640 @ 7.0% cap · market cap 6.57%
Theoretical Best
Healthcare Medical
$497.1K
$435.0K – $580.0K
NOI $34,798 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
238
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30161, GA
35,382
Population
14,924
Households
2.4
Avg Household Size
41
Median Age
27%
College-Educated
85%
High-School Grad
143.3 sq mi
ZIP Area
247
Density / Sq Mi
$60,176
Median Household Income
$34,545
Median Earnings
$1,006
Median Rent
$185,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Turner Food Systems — 1413 1/2 Dean Ave SE, Rome, GA 30161
Frequently Asked Questions
What type of property is this?
Flex space - Concrete commercial building with storage, a garage door, and covered unloading space on a C-3-zoned site.
Where is this flex space located?
The property is located at 12 Commerce Court Rome, GA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 3,000‑square‑foot flex property with garage storage area; Garage door supports unloading access; 0.46‑acre lot measuring 100 x 215 feet
