Mixed-Use Building with
For Sale
$750,000
130 Broad St, Rome, GA 30161
Two-story property combines a residential apartment with first-floor barber and commercial space.
Property Size3,745 SF
Price / SF$200.27
Days on Market41
Property Features for 130 Broad St
General Information
Standard status
Active
Size
3,745 SF
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Gross Income
$47,316
Building Details
Year Built
1901
Buildings
1
Stories
2
Listing Agency:
Toles, Temple & Wright, Inc.
(706) 291-0202
Listed By:
Russell Rogers · License #157277
Source:
Brockteam
Added: Jul 20
Changed: Aug 28
Last Checked: Aug 28 at 12:49PM
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 Toles, Temple & Wright, Inc.
Investment Insights
Based on property information with market context.
This mixed-use property contains 3,745 square feet across two levels. The second floor includes a two-bedroom, two-bath apartment, while the ground floor is configured with a barber shop and additional commercial space. Built in 1901, the building combines residential and commercial components within one property.
The property is located at 130 Broad St in Rome, Georgia. Showings are available by appointment.
The property is located at 130 Broad St in Rome, Georgia. Showings are available by appointment.
Key Highlights
- 3,745‑square‑foot mixed‑use building at 130 Broad St, Rome, GA 30161
- Second‑floor apartment with two bedrooms and two bathrooms
- First‑floor barber shop plus additional commercial area
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
$37,076
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
4.94%
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%
$741,520
$741.5K
Cap Rate 7%
$529,657
$529.7K
Cap Rate 9%
$411,956
$412.0K
Market Conditions
NOI Build-Up for 3,745 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
$67.4K $18.00/SF
− Vacancy
−$8.1K −$2.16/SF
EGI
$59.3K $15.84/SF
− OpEx
−$22.2K −$5.94/SF
NOI
$37.1K $9.90/SF
Area
Floyd County, GA
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
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%
$741,520
Cap Rate 7%
$529,657
Cap Rate 9%
$411,956
Alternative Uses
Best Use
Mixed Use
$529.7K
$463.5K – $617.9K
NOI $37,076 @ 7.0% cap · market cap 4.94%
Second Best
Retail
$333.8K
$292.1K – $389.5K
NOI $23,369 @ 7.0% cap · market cap 3.12%
Theoretical Best
Healthcare Medical
$620.6K
$543.0K – $724.0K
NOI $43,439 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,325
Businesses Nearby
161k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 62%
Shops & Services 30%
Hotels & Casinos 4%
Beauty & Spa 4%
Michaels
Shops & Services
35,980 visits/mo
0.5 miles
Panera Bread
Dining
28,681 visits/mo
0.5 miles
Chili's Grill & Bar
Dining
26,678 visits/mo
0.5 miles
IHOP
Dining
14,471 visits/mo
0.5 miles
Hardee's
Dining
10,653 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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story property combines a residential apartment with first-floor barber and commercial space.
Where is this mixed-use property located?
The property is located at 130 Broad St 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: 3,745‑square‑foot mixed‑use building at 130 Broad St, Rome, GA 30161; Second‑floor apartment with two bedrooms and two bathrooms; First‑floor barber shop plus additional commercial area
