Storefront Property with Walk-In
For Sale
$425,000
3964 Martha Berry Highway NE, Rome, GA 30165
Commercial Sale, Rome, GA
Property Size4,248 SF
Lot Size0.92 Acres
Price / SF$100.05
Days on Market362
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
an office space
a 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 19
Last Checked: Sep 27 at 12:06AM
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 brick storefront property contains 4,248 square feet on a 0.92-acre parcel along Martha Berry Highway NE. The interior includes an open floor plan, dedicated storage, an office, a kitchen area, and two bathrooms. Two walk-in coolers support refrigerated retail or food-related operations, while the metal roof and central heating and air conditioning add to the building’s existing infrastructure.
The property is located in Rome, Georgia, with a parking lot and highway exposure. Public water and public sewer serve the site, and cable is available. Built in 1964, the building offers a practical commercial layout with a mix of open customer-facing space and back-of-house features.
The property is located in Rome, Georgia, with a parking lot and highway exposure. Public water and public sewer serve the site, and cable is available. Built in 1964, the building offers a practical commercial layout with a mix of open customer-facing space and back-of-house features.
Key Highlights
- 4,248‑square‑foot commercial building on 0.92 acres
- Two walk‑in coolers included
- Open floor plan with storage, office, kitchen area, and two bathrooms
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
$31,184
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
7.34%
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%
$623,680
$623.7K
Cap Rate 7%
$445,486
$445.5K
Cap Rate 9%
$346,489
$346.5K
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
$40.3K $9.48/SF
− Vacancy
−$3.6K −$0.84/SF
EGI
$36.7K $8.64/SF
− OpEx
−$5.5K −$1.30/SF
NOI
$31.2K $7.34/SF
Area
Floyd County, GA
Vacancy
8.90%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
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%
$623,680
Cap Rate 7%
$445,486
Cap Rate 9%
$346,489
Alternative Uses
Best Use
Warehouse
$445.5K
$389.8K – $519.7K
NOI $31,184 @ 7.0% cap · market cap 7.34%
Second Best
Retail
$378.7K
$331.3K – $441.8K
NOI $26,507 @ 7.0% cap · market cap 6.24%
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
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
83
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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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 - Highway-facing commercial building with open retail space, substantial storage, office, kitchen area, 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 commercial building on 0.92 acres; Two walk‑in coolers included; Open floor plan with storage, office, kitchen area, and two bathrooms
