Storefront Retail Building with
For Sale
$425,000
3964 Martha Berry Highway NE, Rome, GA 30165
COMMERCIAL - Rome, GA
Property Size4,248 SF
Lot Size0.92 Acres
Price / SF$100.05
Days on Market316
Property Features for 3964 Martha Berry Highway NE
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
6
Parking features
Parking Lot
Window features
Display Window(s)
Lot features
City Lot, Level
Directions
Take Hwy 27 north, the property will be on the right. GPS friendly.
Standard status
Active
APN
J11X 008
Size
4,248 SF
Lot size
0.92 Acres
Taxes and HOA fees
Tax Year
24
Tax Annual Amount
3430
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
large open floor plan
lots of storage
two walk-in coolers
office space
kitchen area
two bathrooms
Building Details
Year built
1964
Building materials
Brick
Roof type
Metal
Listing Agency:
Hardy Realty & Development Company
(706) 291-4321
Listed By:
Stephen Douglas Graves · License #172674
(770) 547-2401
Added: Oct 1, 2025
Changed: Aug 4
Last Checked: Aug 12 at 7:06AM
MLS# 10615855
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 4,248-square-foot storefront retail property occupies 0.92 acres along Martha Berry Highway NE in Rome. The building provides a broad open area supported by substantial storage, two walk-in coolers, an office, a kitchen area, and two bathrooms. Brick construction, a metal roof, central heating, and central air conditioning are in place.
A parking lot serves the property, while public water and public sewer provide the primary utility connections. The building dates to 1964 and offers cable availability. Its combination of open interior space, refrigeration equipment, support areas, and highway address creates a practical format for retail or other commercial operations supported by the existing improvements.
A parking lot serves the property, while public water and public sewer provide the primary utility connections. The building dates to 1964 and offers cable availability. Its combination of open interior space, refrigeration equipment, support areas, and highway address creates a practical format for retail or other commercial operations supported by the existing improvements.
Key Highlights
- 4,248‑square‑foot storefront retail building on 0.92 acres
- Two walk‑in coolers included
- Large open interior layout with storage areas
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
$26,507
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
6.24%
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%
$530,140
$530.1K
Cap Rate 7%
$378,671
$378.7K
Cap Rate 9%
$294,522
$294.5K
Market Conditions
NOI Build-Up for 4,248 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
$42.3K $9.96/SF
− Vacancy
−$4.4K −$1.05/SF
EGI
$37.9K $8.91/SF
− OpEx
−$11.4K −$2.67/SF
NOI
$26.5K $6.24/SF
Area
Floyd County, GA
Vacancy
10.50%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
30.00%
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%
$530,140
Cap Rate 7%
$378,671
Cap Rate 9%
$294,522
Alternative Uses
Best Use
Retail
$378.7K
$331.3K – $441.8K
NOI $26,507 @ 7.0% cap · market cap 6.24%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$703.9K
$615.9K – $821.2K
NOI $49,273 @ 7.0% cap · market cap 11.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
260
Businesses Nearby
6k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
4,359 visits/mo
0.3 miles
Dollar Tree
Shops & Services
867 visits/mo
0.3 miles
U-Haul
Shops & Services
823 visits/mo
0.3 miles
Demographics for 30165, GA
41,943
Population
17,159
Households
2.4
Avg Household Size
36
Median Age
26%
College-Educated
83%
High-School Grad
167.0 sq mi
ZIP Area
251
Density / Sq Mi
$63,915
Median Household Income
$35,637
Median Earnings
$949
Median Rent
$209,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Flowers & Gifts by Joan — 3964 Martha Berry Hwy, Rome, GA 30165
Frequently Asked Questions
What type of property is this?
Storefront property - Open-plan commercial space includes storage, office, kitchen, and two bathrooms.
Where is this storefront property located?
The property is located at 3964 Martha Berry Highway NE Rome, GA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 4,248‑square‑foot storefront retail building on 0.92 acres; Two walk‑in coolers included; Large open interior layout with storage areas
