Downtown Carrollton Commercial
402 Rome Street Carrollton, GA 30117
402 Rome Street, Carrollton, GA, 30117
$1,300,000
For Sale
$1,300,000
Spacious 7,600 sq ft commercial property in downtown Carrollton.
Property Size7,600 SF
Lot Size0.25 Acres
Price / SF$171.05
Days on Market646
Property Features for 402 Rome Street
General Information
- Standard status
- Active
- Size
- 7,600 SF
- Lot size
- 0.25 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1950
Listing Agency
Keller Williams Realty Atl. Partners
(770) 301-0750
Listed by
Kellie Wiggins · License #395713
(770) 301-0750
Source
Exitrealty
Added: Oct 12, 2024 Checked: Jul 19 at 4:26 am
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 Keller Williams Realty Atl. Partners
Investment Insights
Based on property information with market context.
This 7,600 sq. ft. commercial property is located in downtown Carrollton. It features two levels of versatile space, each with its own private entrance. The main level includes two executive office suites, eight additional offices, and a spacious full kitchen with ample cabinetry and a dedicated employee break area. The office space is enhanced by hardwood floors, a generous waiting area, and a reception area. The upper level provides privacy, with individual offices and an expansive hallway. Two executive suites feature built-in bookcases, with the larger suite offering a kitchenette and private half bath. The finished lower level has modern and contemporary touches, including curved glass and steel accents and wall-to-wall windows that provide natural light. It includes five offices, a training room suitable for conferences and meetings, and a large storage area with ample shelving. The property includes 13 parking spaces. It has been well-maintained with six new HVAC units, a durable brick and siding exterior, and a metal roof structure. The structure of this property has steel beams throughout. This property also has the capability to install an elevator to access each level. Located within walking distance of downtown, this property offers possibilities for various business needs.
Key Highlights
- Prime downtown Carrollton location.
- 7,600 sq. ft. of versatile space across two levels, each with a private entrance.
- Includes 13 parking spaces, a rare asset in the downtown area.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $181.4k | $23.87 |
| − Vacancy | −$45.7k | −$6.02 |
| EGI | $135.7k | $17.85 |
| − OpEx | −$33.9k | −$4.46 |
| NOI | $101.8k | $13.39 |
7,600 SF · lease $23.87/SF/yr · vacancy 25.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.45M
$1.27M – $1.70M
NOI $101,772 @ 7.0% cap · market cap 7.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.12M
$1.86M – $2.48M
NOI $148,714 @ 7.0% cap · market cap 11.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
CSRA Probation Inc.
Probation Office
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Spacious 7,600 sq ft commercial property in downtown Carrollton.
Where is this office building located?
The property is located at 402 Rome Street Carrollton, GA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Prime downtown Carrollton location.; 7,600 sq. ft. of versatile space across two levels, each with a private entrance.; Includes 13 parking spaces, a rare asset in the downtown area.
