Versatile Downtown Carrollton Commercial
402 Rome Street Carrollton, GA 30117
For Sale
$1,300,000
COMMERCIAL - Carrollton, GA
Property Size8,400 SF
Lot Size0.25 Acres
Price / SF$154.76
Days on Market678
Property Features for 402 Rome Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- C02 0040006
- Size
- 8,400 SF
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 4203
Utilities
- Utilities
- Electricity Available
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1950
- Flooring type
- Concrete, Hardwood
- Building materials
- Brick, Vinyl Siding
- Roof type
- Metal
Listing Agency:
Keller Williams Realty Atl. Partners
(770) 252-2266
Listed By:
Kellie Wiggins · License #395713
(770) 301-0750
Added: Sep 16, 2024
Changed: Apr 15
Last Checked: Jul 25 at 1:06PM
MLS# 10390500
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 8,400 sq. ft. commercial property is located in downtown Carrollton. The property features two levels of versatile space, each with a private entrance. The main level includes two executive office suites, eight additional offices, and a full kitchen with cabinetry and an employee break area. The office space features hardwood floors, a waiting area, and a reception area. The upper level offers individual offices and an expansive hallway. Two executive suites include built-in bookcases, with the larger suite featuring a kitchenette and private half bath. The finished lower level has modern touches, curved glass and steel accents, and wall-to-wall windows. It includes five offices, a training room, and a large storage area with shelving. The property includes 13 parking spaces. It has been maintained with six new HVAC units, a brick and siding exterior, and a metal roof structure. The structure has steel beams throughout and the capability to install an elevator to access each level. The 0.25-acre property is located within walking distance of downtown and offers possibilities for various business needs.
Key Highlights
- Prime downtown Carrollton location offering high visibility and accessibility.
- 7,600 sq. ft. of versatile space across two levels, each with a private entrance.
- Includes 13 dedicated parking spaces, a rare asset in the downtown area.
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 | $184.5k | $21.96 |
| − Vacancy | −$15.7k | −$1.87 |
| EGI | $168.8k | $20.09 |
| − OpEx | −$50.6k | −$6.03 |
| NOI | $118.1k | $14.07 |
8,400 SF · lease $21.96/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.69M
$1.48M – $1.97M
NOI $118,149 @ 7.0% cap · market cap 9.09%
Second Best
Office B
$1.61M
$1.41M – $1.87M
NOI $112,485 @ 7.0% cap · market cap 8.65%
Theoretical Best
Office A
$2.35M
$2.05M – $2.74M
NOI $164,369 @ 7.0% cap · market cap 12.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
CSRA Probation Inc.
Probation Office
FAQs
What type of property is this?
Office building - Spacious 8,400 sq ft commercial property in downtown Carrollton.
Where is this office building located?
The property is located at 402 Rome Street Carrollton, GA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Prime downtown Carrollton location offering high visibility and accessibility.; 7,600 sq. ft. of versatile space across two levels, each with a private entrance.; Includes **13 dedicated parking spaces**, a rare asset in the downtown area.
