Brick Shopping
New
For Sale
$1,250,000
Pending
1012 N Broad Street NE, Rome, GA 30161
COMMERCIAL - Rome, GA
Property Size9,300 SF
Lot Size1.25 Acres
Days on Market6
Property Features for 1012 N Broad Street NE
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Lot features
Business Park, City Lot, Corner Lot, Level
Directions
From downtown Rome, go north one block to the 5-points intersection, take N Broad, the first shopping center on the right.
Standard status
Pending
APN
J13O 079
Size
9,300 SF
Lot size
1.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
21422
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
2007
Building materials
Brick, Stucco
Listing Agency:
Hardy Realty & Development Company
(706) 291-4321
Listed By:
Larry E Cagle · License #138923
(706) 266-2359
Added: Aug 14
Changed: Aug 17
Last Checked: Aug 19 at 3:06PM
MLS# 10827097
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 shopping center contains 9,300 square feet on a 1.25-acre parcel. Brick and stucco construction, central heating with natural gas, and central air conditioning are in place. A parking lot serves the property, while public water and public sewer provide the primary utility connections.
Located at 1012 N Broad Street NE in Rome, the center sits one block from downtown Rome and Broad St. Cable is available at the property. Built in 2007, the asset combines a dedicated retail setting with proximity to the city’s downtown core.
Located at 1012 N Broad Street NE in Rome, the center sits one block from downtown Rome and Broad St. Cable is available at the property. Built in 2007, the asset combines a dedicated retail setting with proximity to the city’s downtown core.
Key Highlights
- 9,300 square feet on 1.25 acres
- Built in 2007 with brick and stucco construction
- One block from downtown Rome and Broad St
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
1,046
Businesses Nearby
406k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 43%
Shops & Services 24%
Apparel 15%
Home Improvements & Furnishings 9%
The Home Depot
Home Improvements & Furnishings
38,142 visits/mo
0.3 miles
Five Below
Shops & Services
37,697 visits/mo
0.3 miles
Texas Roadhouse
Dining
32,991 visits/mo
0.4 miles
Chili's Grill & Bar
Dining
26,678 visits/mo
0.4 miles
Kohl's
Apparel
26,289 visits/mo
0.4 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 - Retail center with parking, central HVAC, and a downtown-adjacent Rome location.
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: 9,300 square feet on 1.25 acres; Built in 2007 with brick and stucco construction; One block from downtown Rome and Broad St
