Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    493 Morrison Camp Ground Rd NE Rome, GA 30161

    View on Map
    Sponsored
    For Sale
    Under Contract
    Contact for pricing

    LAND - Rome, GA

    Lot size:
    1.29 Acres
    Days on Market:
    7
    Last Refresh:
    Mar 18 at 3:06 am

    Property Features for 493 Morrison Camp Ground Rd NE

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    M13 265
    Lot size
    1.29 Acres

    Utilities

    Utilities
    Water Available
    Water source
    Public

    We can help!

    Listing Contact
    Emily Herdt

    Palmer House Properties and Assoc. (404) 876-4901

    Listing agent Emily Herdt (404) 876-4901

    Listing date Mar 12, 2026

    MLS# 10677888 Listing URL

    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.

    Learn more

    Overview

    Residential Land in Rome, GA

    This 1.29-acre lot in Rome, GA, presents a strong opportunity for building a custom home. The property features over 200 feet of road frontage. A Level 3 soil evaluation has been completed. The property includes a limited area of Fullerton soils suitable for a conventional septic system, though feasibility depends on the size and layout of the home and improvements. Much of the remaining land consists of marginal soils that may require additional testing and an engineered alternative system. Final septic approval is based on the buyer's plans and an on-site evaluation during permitting.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Building Supply Department Store Food Market Grocery & Convenience Store Discount Store Restaurant

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rome
    County
    Floyd
    State
    Georgia
    Longitude
    -85.075309
    Latitude
    34.266127

    Nearby Similar for Sale

    • $330,000
      4,956 SF

      Versatile Commercial Facility on Calhoun

      4,956 SF commercial facility on 1-acre in Rome, GA.
      2432 Calhoun Rd NE, Rome, GA 30161
      View Details
    • $375,000
      3,346 SF

      Versatile Commercial Building on Highway

      Functional commercial building with flexible space on a 1-acre lot.
      4729 Alabama Hwy NW, Rome, GA 30165
      View Details
    • $847,000
      8,142 SF

      Freestanding Office Building in Rome, GA

      8,000 SF office building in Rome's business and healthcare corridor.
      103 Watson St NW, Rome, GA 30165
      View Details
    • New
      $1,299,000
      5,451 SF

      Downtown Rome Commercial Building

      Versatile commercial building in downtown Rome with on-site parking.
      1 Innovation Way, Rome, GA 30161
      View Details
    • $475,000
      3,341 SF

      Downtown Rome Commercial Opportunity

      3,341 sq ft building in the heart of Broad Street.
      318 Broad Street Ext, Rome, GA 30161
      View Details
    • $847,000
      8,142 SF

      Freestanding Office Building in Rome

      8,000 SF office building in Rome's business and healthcare corridor.
      103 Watson St NW, Rome, GA 30165
      View Details
    • $375,000
      3,000 SF

      Office/Studio with Garage in Rome

      3000 sq ft office/studio with garage and covered parking.
      12 Commerce Ct, Rome, GA 30161
      View Details
    • $3,200,000
      18,768 SF

      Medical/Office Investment Opportunity in Rome

      18,768 SF medical office building with income potential.
      315 W 10Th St, Rome, GA 30165
      View Details
    • $1,000,000
      3,000 SF

      Versatile Commercial Site Near Rome

      3-acre commercial site with 3,000 SF building near Rome.
      5045 New Calhoun Rd, Rome, GA 30161
      View Details
    • $459,000
      4,248 SF

      Commercial Building on Busy Highway

      4,200+ sq ft commercial building with high visibility.
      3964 Martha Berry Hwy NE, Rome, GA 30165
      View Details
    • New
      $4,500,000
      41,141 SF

      Downtown Rome Multi-Tenant Office

      41,000 SF multi-tenant office building in downtown Rome, GA.
      701 Broad Street Ext, Rome, GA 30161
      View Details
    • $695,000
      18,088 SF

      Rome Commercial Printing Business Building

      18,088 SF building suitable for commercial printing business.
      6 Redmond Ct NW, Rome, GA 30165
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.29-acre lot suitable for a custom home.
    Where is this residential land & home lot located?
    The property is located at 493 Morrison Camp Ground Rd NE Rome, GA.
    What is the asking price?
    The asking price for this property is $24,900.
    What are key features of this property?
    This property features: - 1.29-acre lot ideal for a custom home.; - Enjoy over 200 feet of road frontage.; - Level 3 soil evaluation completed.
    (770) 509-0700
    Request Owner's contact information
    493 Morrison Camp Ground Rd NE Rome, GA 30161
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    493 Morrison Camp Ground Rd NE
    Rome, GA 30161
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    493 Morrison Camp Ground Rd NE Rome, GA 30161
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Emily Herdt
    (770) 509-0700 (770) 301-3737 (404) 876-4901
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!