Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Rome, GA Multi-Family Development Land Title is generated by Realmo AI

    CHATEAU Drive, Rome, GA 30161

    View on Map
    Claim this Listing
    New
    For Sale
    $94,900

    LAND - Rome, GA

    Type:Single Family Residence
    Lot size:
    1.07 Acres
    Added:
    May 27, 2026
    Days on Market:
    7
    Last Refresh:
    Jun 2 at 7:06 pm

    Property Features for CHATEAU Drive

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Zoning
    M-R
    Vegetation
    Brush
    Standard status
    Active
    Lot size
    1.07 Acres

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    KATHERINE L JOHNS

    Listing agent KATHERINE L JOHNS License #242614

    Listing office Hometown Realty Brokerage, LLC. 202 Hardee Street, Dallas, GA

    Listing date May 27, 2026

    MLS# 7777080 Listing URL

    Copyright © 2026 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime multi‑family development opportunity in a growing Rome, GA corridor.
    • Zoned Multi‑Family with utilities available and sewer access already on the property.
    • Conveniently located near downtown Rome's restaurants, shopping, and entertainment.
    • Easy access to Highway 411, providing connectivity to Rome, Cartersville, and I‑75.
    • 1.07‑acre lot with approximately 134 feet of road frontage in a quiet, private setting.
    • Located near the Rome Emperors baseball stadium, established neighborhoods, and new construction.

    Overview

    This 1.07-acre vacant lot is located off Highway 411 on Chateau Drive in Rome, GA. Zoned for multi-family development, the property offers approximately 134 feet of road frontage in a private setting. Major utilities are available, including water and sewer, with sewer access already on site. The property is near the Rome Emperors baseball stadium and downtown Rome, known for restaurants, shopping, and entertainment. Established residential neighborhoods, new construction communities, and existing multi-family developments are also nearby. With access to Highway 411, the site provides connectivity to Rome, Cartersville, and Interstate 75. This property is an opportunity to capitalize on the demand for housing in the Rome market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Rome
    County
    Floyd
    State
    Georgia
    Longitude
    -85.152867
    Latitude
    34.223347

    Nearby Similar for Sale

    • $695,000
      18,088 SF

      Commercial Building in West Rome

      18,000+ sq ft commercial building near Hwy 20.
      6 Redmond Court NW, Rome, GA 30165
      View Details
    • $818,131

      Commercial Building on Highway 27

      7,448 SF commercial building on 2.14 acres in Rome, GA.
      4065 Martha Berry HWY, Rome, GA 30165
      View Details
    • $299,000
      6,000 SF

      Rome GA Industrial Warehouse

      6,000 SF warehouse in Rome, GA for sale.
      1 Albion Drive, Rome, GA 30165
      View Details
    • $425,000
      4,248 SF

      Versatile Commercial Building on Highway

      4,200+ sq ft commercial building with high visibility.
      3964 Martha Berry Highway NE, Rome, GA 30165
      View Details
    • $449,000
      1,728 SF

      Commercial Property on One Acre

      Commercial building on a one-acre lot suitable for various uses.
      3041 Martha Berry Highway NW, Rome, GA 30165
      View Details
    • $299,000
      3,346 SF

      Versatile Commercial Building on Corner Lot

      3,400 SF commercial building on 1-acre corner lot.
      4729 Alabama Highway NW, Rome, GA 30165
      View Details
    • $599,000

      Commercially Zoned Land Opportunity

      12.277 acres of commercially zoned land for sale.
      3105 Barker Road, Rome, GA 30165
      View Details
    • $850,000

      Prime Commercial Tract on Shorter

      2.00 acre commercial tract with excellent flexibility for various uses.
      2604 Shorter Avenue NW, Rome, GA 30165
      View Details
    • $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, 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 Street, Rome, GA 30165
      View Details
    • $4,950,000
      43,000 SF

      Prime Office Investment Opportunity

      43,000 sq ft office complex on 1.58 acres.
      800 Broad Street, Rome, GA 30161
      View Details
    • $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

    FAQs

    What type of property is this?
    Residential land & home lot - 1.07-acre multi-family development opportunity in Rome, GA.
    Where is this residential land & home lot located?
    The property is located at CHATEAU Drive Rome, GA.
    What is the asking price?
    The asking price for this property is $94,900.
    What are key features of this property?
    This property features: Prime multi‑family development opportunity in a growing Rome, GA corridor.; Zoned Multi‑Family with utilities available and sewer access already on the property.; Conveniently located near downtown Rome's restaurants, shopping, and entertainment.
    (770) 505-7766
    We can help!
    Listing Contact
    KATHERINE L JOHNS
    Real Estate License ID: 242614
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    CHATEAU Drive, Rome, GA 30161
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!