Shopping Center Near
New
For Sale
$1,250,000
Pending
1012 N Broad Street NE, Rome, GA 30161
The shopping center sits one block from downtown Rome along Broad Street.
Property Size2,007 SF
Days on Market6
Property Features for 1012 N Broad Street NE
General Information
Standard status
Pending
Size
2,007 SF
Property subtype
Other
Amenities
1.25 acres, Business Park, City Lot, Corner Lot, Level
Public Sewer
Annual Amount: $21,422, Year: 2025
Central Air
Central, Natural Gas
Close Date: 2026-11-30, Off Market Date: 2026-08-17, On Market Date: 2026-08-17
Parking Lot
Built in 2007, Brick, Stucco
County: Floyd
Resale
220 Volts, Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Phone Available, Sewer Available, Underground Utilities, Water Available, Public
Close Of Escrow
Building Details
Building Size
2,007 SF
Year Built
2007
Listing Agency:
Hardy Realty & Development Company
(706) 266-2359
Listed By:
Larry Cagle
(706) 266-2359
Source:
Blackstreaminternational
Added: Aug 17
Changed: Aug 20
Last Checked: Aug 20 at 10:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hardy Realty & Development Company
Investment Insights
Based on property information with market context.
This shopping center was built in 2007 and is located at 1012 N Broad Street NE in Rome, Georgia. The property is positioned one block from the heart of downtown Rome, with Broad Street providing the immediate setting.
Key Highlights
- Shopping center property built in 2007
- Located at 1012 N Broad Street NE, Rome, GA 30161
- One block from the heart of downtown Rome
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
$58,031
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
4.64%
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%
$1,160,620
$1.2M
Cap Rate 7%
$829,014
$829.0K
Cap Rate 9%
$644,789
$644.8K
Market Conditions
NOI Build-Up for 9,300 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
$92.6K $9.96/SF
− Vacancy
−$9.7K −$1.05/SF
EGI
$82.9K $8.91/SF
− OpEx
−$24.9K −$2.67/SF
NOI
$58.0K $6.24/SF
Area
Floyd County, GA
Vacancy
10.50%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
30.00%
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%
$1,160,620
Cap Rate 7%
$829,014
Cap Rate 9%
$644,789
Alternative Uses
Best Use
Retail
$829.0K
$725.4K – $967.2K
NOI $58,031 @ 7.0% cap · market cap 4.64%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.54M
$1.35M – $1.80M
NOI $107,873 @ 7.0% cap · market cap 8.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,003
Businesses Nearby
206k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Shops & Services 21%
Home Improvements & Furnishings 19%
Groceries 12%
The Home Depot
Home Improvements & Furnishings
38,142 visits/mo
0.5 miles
Aldi
Groceries
24,201 visits/mo
0.4 miles
Dollar Tree
Shops & Services
17,917 visits/mo
0.4 miles
Steak 'n Shake
Dining
17,120 visits/mo
0.4 miles
Goodwill
Apparel
15,269 visits/mo
0.3 miles
Demographics for 30161, GA
35,382
Population
14,924
Households
2.4
Avg Household Size
41
Median Age
27%
College-Educated
85%
High-School Grad
143.3 sq mi
ZIP Area
247
Density / Sq Mi
$60,176
Median Household Income
$34,545
Median Earnings
$1,006
Median Rent
$185,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Shopping center - The shopping center sits one block from downtown Rome along Broad Street.
Where is this shopping center located?
The property is located at 1012 N Broad Street NE Rome, GA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Shopping center property built in 2007; Located at 1012 N Broad Street NE, Rome, GA 30161; One block from the heart of downtown Rome
