Equipped Hair Salon
For Sale
$199,000
1306 Maple Ave SW, Rome, GA 30161
Commercially zoned storefront with salon infrastructure and two restrooms in East Rome.
Property Size1,067 SF
Price / SF$186.50
Days on Market42
Property Features for 1306 Maple Ave SW
General Information
Standard status
Active
Size
1,067 SF
Building Details
Year Built
1977
Listing Agency:
EXP Realty, LLC.
(770) 546-9364
Listed By:
Sherrell Smith · License #387147
Source:
Atlantarealestatedirectory
Added: Jul 20
Changed: Aug 29
Last Checked: Aug 25 at 4:01AM
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 EXP Realty, LLC.
Investment Insights
Based on property information with market context.
This 1,067-square-foot storefront was built in 1977 and is currently configured as a hair salon. The existing setup includes four styling chairs, four dryers, three washing stations, and two restrooms, providing a ready physical framework for salon operations or another commercial use supported by the zoning.
The property is located at 1306 Maple Ave SW in East Rome, near Banty Jones Park. Planned park improvements include pavilions, a performance stage, playgrounds, picnic areas, fitness zones, and a boardwalk with space for food trucks. The City of Rome has secured $2.2 million in state funding for initial park improvements.
The property is located at 1306 Maple Ave SW in East Rome, near Banty Jones Park. Planned park improvements include pavilions, a performance stage, playgrounds, picnic areas, fitness zones, and a boardwalk with space for food trucks. The City of Rome has secured $2.2 million in state funding for initial park improvements.
Key Highlights
- 1,067‑square‑foot storefront in East Rome
- Four styling chairs, four dryers, and three washing stations
- Two restrooms 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
$6,658
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
3.35%
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%
$133,160
$133.2K
Cap Rate 7%
$95,114
$95.1K
Cap Rate 9%
$73,978
$74.0K
Market Conditions
NOI Build-Up for 1,067 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
$10.6K $9.96/SF
− Vacancy
−$1.1K −$1.05/SF
EGI
$9.5K $8.91/SF
− OpEx
−$2.9K −$2.67/SF
NOI
$6.7K $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%
$133,160
Cap Rate 7%
$95,114
Cap Rate 9%
$73,978
Alternative Uses
Best Use
Retail
$95.1K
$83.2K – $111.0K
NOI $6,658 @ 7.0% cap · market cap 3.35%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$176.8K
$154.7K – $206.3K
NOI $12,376 @ 7.0% cap · market cap 6.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
399
Businesses Nearby
19k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Zaxby's Chicken Fingers & Buffalo Wings
Dining
19,374 visits/mo
0.5 miles
Demographics for 30161, GA
35,382
Population
14,924
Households
2.4
Avg Household Size
41
Median Age
27%
College-Educated
85%
High-School Grad
143.3 sq mi
ZIP Area
247
Density / Sq Mi
$60,176
Median Household Income
$34,545
Median Earnings
$1,006
Median Rent
$185,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Blooms Floral Studio — 312 E 7th St SW, Rome, GA 30161
Frequently Asked Questions
What type of property is this?
Storefront property - Commercially zoned storefront with salon infrastructure and two restrooms in East Rome.
Where is this storefront property located?
The property is located at 1306 Maple Ave SW Rome, GA.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 1,067‑square‑foot storefront in East Rome; Four styling chairs, four dryers, and three washing stations; Two restrooms included
