Mixed-Use Property with Storage
New
For Sale
$475,000
1200 Dean Avenue SE, Rome, GA 30161
Renovated commercial building combining retail or office space with on-site self-storage and customer parking.
Property Size1,986 SF
Lot Size0.59 Acres
Price / SF$181.02
Days on Market5
Property Features for 1200 Dean Avenue SE
General Information
Standard status
Active
Size
1,986 SF
Lot size
0.59 Acres
Property subtype
Other
Zoning
CC
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Three-Phase Power
Yes
Self-Storage Units
23
Amenities
Land Lot: 315, 0.59 acres, Corner Lot, Level
Composition
Chain Link, Fenced
Public Sewer
Annual Amount: $6,410, Year: 2025
Concrete
Central Air
Central, Natural Gas
Cumulative Days on Market: 4, 4 days on market, On Market Date: 2026-09-09
Parking Lot, Paved
Built in 1986, Concrete, Retail
County: Floyd
Updated/Remodeled
3 Phase Electricity Available, Electricity Available, High Speed Internet, Natural Gas Available, Phone Available, Sewer Available, Water Available, Public
Negotiable
Accessible Approach with Ramp
Security Gate
Building Details
Building Size
1,986 SF
Year Built
1986
Buildings
1
Construction
concrete
Tenancy
Single
Listing Agency:
George F. Willis Realty
(770) 382-0058
Listed By:
Raborn Taylor
(678) 313-5090
Source:
Blackstreaminternational
Added: Sep 9
Changed: Sep 13
Last Checked: Sep 13 at 10:12AM
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 George F. Willis Realty
Investment Insights
Based on property information with market context.
This mixed-use property includes a 2,624-square-foot concrete building and 23 self-storage units on approximately 0.59 acres. The building was renovated approximately 3 years ago with a new roof, HVAC system, wiring, plumbing, and interior paint. Its layout includes a retail or reception area, two large storage closets, an office, a private restroom, and an attached 154-square-foot storage closet.
The property is located at 1200 Dean Avenue SE in Rome, with 122.92 feet of frontage on Dean Avenue and 223.94 feet along East 12th Street. Zoned CC (Community Commercial) by the City of Rome, it also offers on-site parking and access to natural gas, water, sewer, fiber, phone service, and 3 Phase Electric from Georgia Power. East 2nd Avenue and US-411 provide connections to Downtown Rome and locations throughout Floyd County.
The property is located at 1200 Dean Avenue SE in Rome, with 122.92 feet of frontage on Dean Avenue and 223.94 feet along East 12th Street. Zoned CC (Community Commercial) by the City of Rome, it also offers on-site parking and access to natural gas, water, sewer, fiber, phone service, and 3 Phase Electric from Georgia Power. East 2nd Avenue and US-411 provide connections to Downtown Rome and locations throughout Floyd County.
Key Highlights
- 2,624 SF concrete building with 23 self‑storage units on 0.59 +/- acres
- Renovated approximately 3 years ago with new roof, HVAC, wiring, plumbing, and paint
- 122.92 feet of frontage on Dean Avenue and 223.94 feet on East 12th Street
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
$25,978
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
5.47%
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%
$519,560
$519.6K
Cap Rate 7%
$371,114
$371.1K
Cap Rate 9%
$288,644
$288.6K
Market Conditions
NOI Build-Up for 2,624 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
$47.2K $18.00/SF
− Vacancy
−$5.7K −$2.16/SF
EGI
$41.6K $15.84/SF
− OpEx
−$15.6K −$5.94/SF
NOI
$26.0K $9.90/SF
Area
Floyd County, GA
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
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%
$519,560
Cap Rate 7%
$371,114
Cap Rate 9%
$288,644
Alternative Uses
Best Use
Mixed Use
$371.1K
$324.7K – $433.0K
NOI $25,978 @ 7.0% cap · market cap 5.47%
Second Best
Self Storage
$322.1K
$281.9K – $375.8K
NOI $22,549 @ 7.0% cap · market cap 4.75%
Theoretical Best
Healthcare Medical
$434.8K
$380.5K – $507.3K
NOI $30,436 @ 7.0% cap · market cap 6.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
344
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated commercial building combining retail or office space with on-site self-storage and customer parking.
Where is this mixed-use property located?
The property is located at 1200 Dean Avenue SE Rome, GA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 2,624 SF concrete building with 23 self‑storage units on 0.59 +/- acres; Renovated approximately 3 years ago with new roof, HVAC, wiring, plumbing, and paint; 122.92 feet of frontage on Dean Avenue and 223.94 feet on East 12th Street
