Fenced Flex Space with
For Sale
$375,000
12 Commerce Court, Rome, GA 30161
C-3-zoned property offers garage storage, unloading access, and covered parking.
Property Size3,000 SF
Lot Size0.49 Acres
Price / SF$125
Days on Market341
Property Features for 12 Commerce Court
General Information
Standard status
Active
Size
3,000 SF
Lot size
0.49 Acres
Property subtype
General Commercial
Zoning
C-3
Additional Details
Fenced Yard
Yes
Drive-In Doors
1
Taxes and HOA fees
Annual Taxes
$2,338
Amenities
Electric
3
Parking.
Other Parking, On Street.
20037.599609375
Workshop, Tractor Shed. County Road, Paved Road.
Building Details
Year Built
1981
Listing Agency:
Toles, Temple & Wright, Inc.
(706) 252-1415
Listed By:
Della Gore
(706) 252-1415
Source:
Xome
Added: Sep 25, 2025
Changed: Aug 31
Last Checked: Aug 31 at 12:40PM
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 Toles, Temple & Wright, Inc.
Investment Insights
Based on property information with market context.
This 3,000-square-foot flex property, built in 1981, includes garage storage and a garage door configured for unloading. The space was previously used as an office and recording studio, providing an existing commercial interior suitable for a range of business operations. Electric service is identified, and the property includes a workshop and tractor shed.
The completely fenced site measures 100 x 215 feet and includes a 12 ft X 60 ft covered parking area for unloading. Additional parking is available on site and along the street. Zoned C-3, the property combines a flexible building layout with dedicated outdoor storage and loading-related features.
The completely fenced site measures 100 x 215 feet and includes a 12 ft X 60 ft covered parking area for unloading. Additional parking is available on site and along the street. Zoned C-3, the property combines a flexible building layout with dedicated outdoor storage and loading-related features.
Key Highlights
- 3,000 square feet with garage storage area
- Garage door supports unloading access
- Completely fenced 100 x 215 lot
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
$27,203
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
7.25%
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%
$544,060
$544.1K
Cap Rate 7%
$388,614
$388.6K
Cap Rate 9%
$302,256
$302.3K
Market Conditions
NOI Build-Up for 3,000 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
$45.0K $15.00/SF
− Vacancy
−$3.2K −$1.05/SF
EGI
$41.9K $13.95/SF
− OpEx
−$14.6K −$4.88/SF
NOI
$27.2K $9.07/SF
Area
Floyd County, GA
Vacancy
7.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
35.00%
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%
$544,060
Cap Rate 7%
$388,614
Cap Rate 9%
$302,256
Alternative Uses
Best Use
Flex RnD
$388.6K
$340.0K – $453.4K
NOI $27,203 @ 7.0% cap · market cap 7.25%
Second Best
Warehouse
$314.6K
$275.3K – $367.1K
NOI $22,023 @ 7.0% cap · market cap 5.87%
Theoretical Best
Healthcare Medical
$497.1K
$435.0K – $580.0K
NOI $34,798 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
238
Businesses Nearby
Under-served
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 Industrial 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?
Flex space - C-3-zoned property offers garage storage, unloading access, and covered parking.
Where is this flex space located?
The property is located at 12 Commerce Court Rome, GA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 3,000 square feet with garage storage area; Garage door supports unloading access; Completely fenced 100 x 215 lot
