Retail Property For
For Sale
$750,000
1301 Shorter Avenue SW, Rome, GA 30165
Retail property available for sale at 1301 Shorter Ave in Rome, GA 30165.
Property Size4,700 SF
Price / SF$159.57
Days on Market166
Property Features for 1301 Shorter Avenue SW
General Information
Standard status
Active
Size
4,700 SF
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$4,853
Amenities
Central Air
3
Parking. Corner Lot.
Paved Driveway, Lot.
10018.7998046875
In City, Corner.
Building Details
Year Built
1958
Listing Agency:
Hardy Realty & Development Company
(706) 266-2359
Listed By:
Larry Cagle · License #138923
(706) 266-2359
Source:
Xome
Added: Mar 12
Changed: Aug 24
Last Checked: Aug 23 at 3:48AM
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 Hardy Realty & Development Company
Investment Insights
Based on property information with market context.
This retail property is offered for sale and presents a flexible opportunity for buyers seeking a commercial asset in Rome, GA. The property type is classified as retail space, making it a fit for a range of retail-oriented uses, subject to applicable requirements.
The asset is located at 1301 Shorter Ave, Rome, GA 30165. For additional details regarding the existing layout, condition, or any use-specific considerations, please reach out to confirm what is included with the sale.
The asset is located at 1301 Shorter Ave, Rome, GA 30165. For additional details regarding the existing layout, condition, or any use-specific considerations, please reach out to confirm what is included with the sale.
Key Highlights
- Retail property for sale at 1301 Shorter Ave, Rome, GA 30165
- Built in 1958
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
$29,328
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
3.91%
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%
$586,560
$586.6K
Cap Rate 7%
$418,971
$419.0K
Cap Rate 9%
$325,867
$325.9K
Market Conditions
NOI Build-Up for 4,700 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
$46.8K $9.96/SF
− Vacancy
−$4.9K −$1.05/SF
EGI
$41.9K $8.91/SF
− OpEx
−$12.6K −$2.67/SF
NOI
$29.3K $6.24/SF
Area
Floyd County, GA
Vacancy
10.50%
Lease Rate
$9.96 /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%
$586,560
Cap Rate 7%
$418,971
Cap Rate 9%
$325,867
Alternative Uses
Best Use
Retail
$419.0K
$366.6K – $488.8K
NOI $29,328 @ 7.0% cap · market cap 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$778.8K
$681.5K – $908.6K
NOI $54,516 @ 7.0% cap · market cap 7.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
347
Businesses Nearby
41k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 56%
Dining 44%
Waffle House
Dining
12,387 visits/mo
0.1 miles
Marathon
Shops & Services
8,221 visits/mo
0.2 miles
Family Dollar
Shops & Services
6,239 visits/mo
0.4 miles
AutoZone
Shops & Services
4,597 visits/mo
0.3 miles
SUBWAY
Dining
3,953 visits/mo
0.4 miles
Demographics for 30165, GA
41,943
Population
17,159
Households
2.4
Avg Household Size
36
Median Age
26%
College-Educated
83%
High-School Grad
167.0 sq mi
ZIP Area
251
Density / Sq Mi
$63,915
Median Household Income
$35,637
Median Earnings
$949
Median Rent
$209,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail property available for sale at 1301 Shorter Ave in Rome, GA 30165.
Where is this retail space located?
The property is located at 1301 Shorter Avenue SW Rome, GA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Retail property for sale at 1301 Shorter Ave, Rome, GA 30165; Built in 1958
