Grocery and Convenience
For Sale
$750,000
1301 Shorter Avenue SW, Rome, GA 30165
The C-C-zoned property is located on Shorter Avenue in Rome.
Property Size4,700 SF
Price / SF$159.57
Days on Market213
Property Features for 1301 Shorter Avenue SW
General Information
Standard status
Active
Size
4,700 SF
Property subtype
Commercial
Zoning
C-C
Taxes and HOA fees
Annual Taxes
$4,852
Building Details
Building Size
4,700 SF
Year Built
1958
Buildings
1
Listed By:
Debbie Conner Smith
(770) 464-0897
Source:
Connersmithrealty
Added: Mar 27
Changed: Oct 23
Last Checked: Oct 23 at 5:22PM
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 Debbie Conner Smith
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Investment Insights
Based on property information with market context.
This 4,700-square-foot grocery and convenience store property was built in 1958. It is located at 1301 Shorter Avenue SW in Rome, Georgia, and carries C-C zoning.
Key Highlights
- 4,700 square feet
- Built in 1958
- C‑C zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,758
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,035,160
$1.0M
Cap Rate 7%
$739,400
$739.4K
Cap Rate 9%
$575,089
$575.1K
Market Conditions
NOI Build-Up for 4,700 SF
Gross rent
$75.0K $15.96/SF
− Vacancy
−$6.0K −$1.28/SF
EGI
$69.0K $14.68/SF
− OpEx
−$17.3K −$3.67/SF
NOI
$51.8K $11.01/SF
Area
Floyd County, GA
Vacancy
8.00%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,035,160
Cap Rate 7%
$739,400
Cap Rate 9%
$575,089
Alternative Uses
Best Use
Specialty Retail
$739.4K
$647.0K – $862.6K
NOI $51,758 @ 7.0% cap · market cap 6.90%
Second Best
Retail
$419.0K
$366.6K – $488.8K
NOI $29,328 @ 7.0% cap · market cap 3.91%
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
347
Businesses Nearby
41k
Monthly Visits Nearby
Balanced
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Zay´s Food Mart — 522 Shorter Ave NW, Rome, GA 30165
- Morelos Supermarket Inc — 1931 Shorter Ave, Rome, GA 30165
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - The C-C-zoned property is located on Shorter Avenue in Rome.
Where is this grocery and convenience store 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: 4,700 square feet; Built in 1958; C‑C zoning
