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    Development Land Assemblage Title is generated by Realmo AI

    1202 Desoto Avenue NW, Rome, GA 30165

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    For Sale
    $650,000

    LAND - Rome, GA

    Lot size:
    4.03 Acres
    Added:
    May 31, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 4 at 11:06 am

    Property Features for 1202 Desoto Avenue NW

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Partially Wooded, Grassed
    Standard status
    Active
    APN
    I13Z114
    Lot size
    4.03 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    4646

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Additional Structures
    Residence

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    Listing Contact
    Christie Welch Carroll

    Listing agent Christie Welch Carroll License #287144

    Listing office Prestige Home Brokers 2908 Chulio Rd. SE, Rome, GA

    Listing date May 31, 2026

    MLS# 10777677 Listing URL

    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.

    HighLights

    • 4+ acre assemblage in Rome, bounded by Desoto Avenue, Iron Street, and Avenue D/Sparrow Pointe
    • Adjacent to newer Sparrow Pointe Senior Apartments; access via Desoto Avenue
    • Public utilities available: public water and public sewer
    • Parcel list includes I13Z‑114, I13Z‑115, I13Z‑116, and I13Z‑118; 118 is zoned MFR
    • Other parcels (I13Z‑114, I13Z‑115, I13Z‑116) are currently zoned HTR
    • Includes two houses and several former business structures on parcels 114 and 115

    Overview

    This offering is a 4.03-acre land assemblage in Rome, GA comprised of tax parcels I13Z-114, I13Z-115, I13Z-116, and I13Z-118. The property includes two existing houses and several structures that were formerly used for a business, located on parcels 114 and 115. Parcel 118 is already zoned MFR, while the remaining parcels are currently zoned HTR. Public water and sewer are available.

    The site is positioned adjacent to the newer Sparrow Pointe Senior Apartments and is bounded by Desoto Avenue to the west, Iron Street to the south, and Avenue D/Sparrow Pointe to the east, with current access via Desoto. It is approximately one block from Martha Berry Boulevard/US 27, offering convenient proximity to major employers, healthcare, education, shopping, dining, and recreation. Atrium Health Floyd is less than one mile away, Downtown Rome’s Broad Street is about five minutes, and Shorter University and Berry College are within seven minutes.

    For developers and operators, the combination of multi-parcel control, existing improvements, and access via Desoto supports a range of planning concepts, including multifamily residential and Neighborhood Office Commercial (NOC) or other potential uses referenced with the listing. The property also sits within a Federal Opportunity Zone for the right project.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rome
    County
    Floyd
    State
    Georgia
    Longitude
    -85.18226
    Latitude
    34.26752

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    FAQs

    What type of property is this?
    Residential land & home lot - Multi-parcel assemblage with public water and sewer, positioned near senior apartments with zoning including MFR and HTR.
    Where is this residential land & home lot located?
    The property is located at 1202 Desoto Avenue NW Rome, GA.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: 4+ acre assemblage in Rome, bounded by Desoto Avenue, Iron Street, and Avenue D/Sparrow Pointe; Adjacent to newer Sparrow Pointe Senior Apartments; access via Desoto Avenue; Public utilities available: public water and public sewer
    (404) 797-8662
    We can help!
    Listing Contact
    Christie Welch Carroll
    Real Estate License ID: 287144
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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