Flex Space with
For Sale
$3,999,999
13 Rome Rd SW, Cave Spring, GA 30124
One-level commercial facility includes classrooms, a cafeteria, and kitchen infrastructure.
Property Size60,000 SF
Price / SF$66.67
Days on Market148
Property Features for 13 Rome Rd SW
General Information
Standard status
Active
Size
60,000 SF
Property subtype
Commercial
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1951
Buildings
1
Stories
1
Building Size
60,000 SF
Listing Agency:
Sign Your Deed Realty
(706) 252-5585
Listed By:
Jennifer Hillegas · License #115256
Source:
Luxuryhomesinmetroatlanta
Added: Apr 5
Changed: Aug 29
Last Checked: Aug 29 at 5:50PM
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 Sign Your Deed Realty
Investment Insights
Based on property information with market context.
This 60,000-square-foot flex property is arranged across a single level and includes former school classrooms, a cafeteria, and a kitchen. Built in 1951, the building offers a substantial existing layout for business operations, studio use, storage, or other permitted commercial applications. Approximately 15 additional acres are identified for future build-out, subject to applicable restrictions and approvals.
The property is located at 13 Rome Rd SW in Cave Spring, with restaurants and shopping in downtown Cave Spring nearby. Deed restrictions apply. The source information also identifies water and power as included with monthly rent or available through a purchase arrangement.
The property is located at 13 Rome Rd SW in Cave Spring, with restaurants and shopping in downtown Cave Spring nearby. Deed restrictions apply. The source information also identifies water and power as included with monthly rent or available through a purchase arrangement.
Key Highlights
- 60,000 +/- square feet in a single‑level building
- Approximately 15 additional acres available for build‑out
- Classrooms, cafeteria, and kitchen included
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
$365,511
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
9.14%
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%
$7,310,220
$7.3M
Cap Rate 7%
$5,221,586
$5.2M
Cap Rate 9%
$4,061,233
$4.1M
Market Conditions
NOI Build-Up for 60,000 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
$568.8K $9.48/SF
− Vacancy
−$46.6K −$0.78/SF
EGI
$522.2K $8.70/SF
− OpEx
−$156.6K −$2.61/SF
NOI
$365.5K $6.09/SF
Area
Floyd County, GA
Vacancy
8.20%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
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%
$7,310,220
Cap Rate 7%
$5,221,586
Cap Rate 9%
$4,061,233
Alternative Uses
Best Use
Flex RnD
$7.77M
$6.80M – $9.07M
NOI $544,050 @ 7.0% cap · market cap 13.60%
Second Best
Office B
$7.04M
$6.16M – $8.21M
NOI $492,804 @ 7.0% cap · market cap 12.32%
Theoretical Best
Healthcare Medical
$9.94M
$8.70M – $11.60M
NOI $695,952 @ 7.0% cap · market cap 17.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
135
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30124, GA
3,035
Population
1,291
Households
2.4
Avg Household Size
46
Median Age
19%
College-Educated
85%
High-School Grad
60.0 sq mi
ZIP Area
51
Density / Sq Mi
$75,365
Median Household Income
$41,676
Median Earnings
$1,041
Median Rent
$204,200
Median Home Value
Market
Vacancy Rate% for Office 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?
Flex space - One-level commercial facility includes classrooms, a cafeteria, and kitchen infrastructure.
Where is this flex space located?
The property is located at 13 Rome Rd SW Cave Spring, GA.
What is the asking price?
The asking price for this property is $3,999,999.
What are key features of this property?
This property features: 60,000 +/- square feet in a single‑level building; Approximately 15 additional acres available for build‑out; Classrooms, cafeteria, and kitchen included
