Versatile Downtown Carrollton Commercial
For Sale
$1,300,000
402 Rome Street, Carrollton, GA 30117
COMMERCIAL - Carrollton, GA
Property Size8,400 SF
Lot Size0.25 Acres
Price / SF$154.76
Days on Market683
Property Features for 402 Rome Street
General Information
Property type
Commercial Sale
Property subtype
Office
Parking features
Parking Lot
Lot features
Level
Directions
GPS Friendly
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: Jul 28
Last Checked: Jul 30 at 8:06PM
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
611
Businesses Nearby
Explore this area
Business Placement
Demographics for 30117, GA
37,644
Population
15,313
Households
2.5
Avg Household Size
34
Median Age
29%
College-Educated
85%
High-School Grad
108.1 sq mi
ZIP Area
348
Density / Sq Mi
$58,463
Median Household Income
$31,273
Median Earnings
$1,066
Median Rent
$239,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
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.
