Convenience Store With
New
For Sale
$399,000
107 E Main Street SW, Rome, GA 30161
Operational food and beverage retail property with storage, equipment, and an additional outbuilding near downtown Rome.
Property Size1,960 SF
Price / SF$244.49
Days on Market7
Property Features for 107 E Main Street SW
General Information
Standard status
Active
Size
1,960 SF
Property subtype
Other
Additional Details
Business Included
Yes
Amenities
0.41 acres, City Lot, Level
Public Sewer
Annual Amount: $1,193, Year: 25
Central Air
Central
Cumulative Days on Market: 4, 4 days on market, On Market Date: 2026-08-05
Parking Lot
Built in 1960, Brick
County: Floyd
Resale
Electricity Available, High Speed Internet, Sewer Available, Water Available, Public
Close Of Escrow
Building Details
Building Size
1,960 SF
Year Built
1960
Listing Agency:
Elite Group Georgia
(706) 591-9561
Listed By:
Kaylyn Hernandez
(706) 591-9561
Source:
Blackstreaminternational
Added: Aug 5
Changed: Aug 11
Last Checked: Aug 11 at 6:42AM
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 Elite Group Georgia
Investment Insights
Based on property information with market context.
This grocery and convenience store property includes a 1,632-square-foot main retail area, a full basement, and an additional approximately 400 square foot building. Existing coolers and shelving are included, along with an active business license. The layout supports continued food and beverage retail use, with basement and outbuilding space available for storage, office functions, or other business-related needs.
Built in 1960, the property is located at 107 E Main Street SW in Rome, Georgia, just minutes from downtown Rome. The sale includes the real estate and the existing operational business, providing a defined retail setup with supporting improvements already in place.
Built in 1960, the property is located at 107 E Main Street SW in Rome, Georgia, just minutes from downtown Rome. The sale includes the real estate and the existing operational business, providing a defined retail setup with supporting improvements already in place.
Key Highlights
- 1,632‑square‑foot main retail space
- Full basement provides additional storage space
- Additional approximately 400 square foot building
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
$17,972
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
4.50%
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%
$359,440
$359.4K
Cap Rate 7%
$256,743
$256.7K
Cap Rate 9%
$199,689
$199.7K
Market Conditions
NOI Build-Up for 1,632 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
$26.0K $15.96/SF
− Vacancy
−$2.1K −$1.28/SF
EGI
$24.0K $14.68/SF
− OpEx
−$6.0K −$3.67/SF
NOI
$18.0K $11.01/SF
Area
Floyd County, GA
Vacancy
8.00%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
25.00%
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%
$359,440
Cap Rate 7%
$256,743
Cap Rate 9%
$199,689
Alternative Uses
Best Use
Specialty Retail
$256.7K
$224.7K – $299.5K
NOI $17,972 @ 7.0% cap · market cap 4.50%
Second Best
Retail
$145.5K
$127.3K – $169.7K
NOI $10,184 @ 7.0% cap · market cap 2.55%
Theoretical Best
Healthcare Medical
$270.4K
$236.6K – $315.5K
NOI $18,930 @ 7.0% cap · market cap 4.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
298
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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.
Similar Off Market Nearby
- Diversitex — at, GA-101 & E 4th St, Rome, GA 30161
- LUCKY'S FOOD MART — 107 E 12th St SE, Rome, GA 30161
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Operational food and beverage retail property with storage, equipment, and an additional outbuilding near downtown Rome.
Where is this grocery and convenience store located?
The property is located at 107 E Main Street SW Rome, GA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 1,632‑square‑foot main retail space; Full basement provides additional storage space; Additional approximately 400 square foot building
