Downtown Rome Commercial
318 Broad Street Rome, GA 30161
318 Broad Street, Rome, GA, 30161
$469,900
For Sale
$469,900
COMMERCIAL - Rome, GA
Property Size3,341 SF
Price / SF$140.65
Days on Market1036
Property Features for 318 Broad Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- J14C 109
- Size
- 3,341 SF
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 3647
Utilities
- Utilities
- Water Available
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1901
- Building materials
- Brick
Listing Agency
Hardy Realty & Development Company
(706) 291-4321
1609 Martha Berry Blvd., Rome, GA
Listed by
Michelle M Gibson · License #343549
(706) 676-6853
Added: Sep 16, 2023 Checked: Jul 17 at 3:06 pm
MLS# 10667354
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 3,341 sq ft building is located in downtown Rome, GA, on Broad Street. The property features an open layout extending from the front to the back of the building, presenting a blank canvas for a buyer or tenant. The building has recently undergone repairs, including plumbing, flooring, and roof work, as required by the City of Rome building inspector. The property offers excellent visibility in a prime downtown location and is available for sale.
Key Highlights
- 3,341 SF downtown Rome building with an open layout from the front to the back
- Repairs recently completed per City of Rome building inspector, including plumbing, flooring, and roof items
- Brick construction with central heating and central air; also includes electric cooling
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.3k | $9.96 |
| − Vacancy | −$3.5k | −$1.05 |
| EGI | $29.8k | $8.91 |
| − OpEx | −$8.9k | −$2.67 |
| NOI | $20.8k | $6.24 |
3,341 SF · lease $9.96/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$297.8K
$260.6K – $347.5K
NOI $20,848 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$553.6K
$484.4K – $645.9K
NOI $38,753 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - 3,341 sq ft building in the heart of Broad Street.
Where is this storefront property located?
The property is located at 318 Broad Street Rome, GA.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: 3,341 SF downtown Rome building with an open layout from the front to the back; Repairs recently completed per City of Rome building inspector, including plumbing, flooring, and roof items; Brick construction with central heating and central air; also includes electric cooling
