Commercial Land with Existing
For Sale
$165,000
1401 N Broad Street NE, Rome, GA 30161
Commercial Sale, Rome, GA
Property Size1,000 SF
Lot Size0.07 Acres
Price / SF$165
Days on Market272
Property Features for 1401 N Broad Street NE
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Lot features
City Lot, Corner Lot
Directions
From Turner McCall turn left on to N Broad. Property is at the corner of N Broad and Harvey.
Standard status
Active
APN
J13O 306
Size
1,000 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
24
Tax Annual Amount
851
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1950
Building materials
Block, Wood Siding
Listing Agency:
Hardy Realty & Development Company
(706) 291-4321
Listed By:
Heath Rogers
(678) 378-1050
Added: Dec 16, 2025
Changed: Aug 19
Last Checked: Sep 14 at 6:06AM
MLS# 10675031
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial land offering combines two adjoining parcels, including a vacant property at 1401 North Broad Street and a neighboring building accessed from Harvey Street. The building is currently leased, while the North Broad Street parcel is vacant. Existing improvements include a 1,000-square-foot building constructed in 1950 with block and wood siding, central heating and central air, a parking lot, public water, and public sewer.
The property has approximately 16,400 vehicles per day in average annual daily traffic exposure along North Broad Street. The combination of vacant land and an occupied building provides flexibility for an owner-user, lease restructuring, or future redevelopment. Water is available, and the site is served by public utilities.
The property has approximately 16,400 vehicles per day in average annual daily traffic exposure along North Broad Street. The combination of vacant land and an occupied building provides flexibility for an owner-user, lease restructuring, or future redevelopment. Water is available, and the site is served by public utilities.
Key Highlights
- Two adjoining parcels at 1401 N Broad Street NE and adjacent Harvey Street building
- Vacant North Broad Street parcel paired with a currently leased building
- Approximately 16,400 vehicles per day in AADT exposure
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
$6,240
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
3.78%
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%
$124,800
$124.8K
Cap Rate 7%
$89,143
$89.1K
Cap Rate 9%
$69,333
$69.3K
Market Conditions
NOI Build-Up for 1,000 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
$10.0K $9.96/SF
− Vacancy
−$1.0K −$1.05/SF
EGI
$8.9K $8.91/SF
− OpEx
−$2.7K −$2.67/SF
NOI
$6.2K $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%
$124,800
Cap Rate 7%
$89,143
Cap Rate 9%
$69,333
Alternative Uses
Best Use
Retail
$89.1K
$78.0K – $104.0K
NOI $6,240 @ 7.0% cap · market cap 3.78%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$165.7K
$145.0K – $193.3K
NOI $11,599 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
16,400 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
685
Businesses Nearby
7k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 90%
Electronics 10%
Dollar General
Shops & Services
4,359 visits/mo
0.1 miles
Dollar Tree
Shops & Services
867 visits/mo
0.2 miles
U-Haul
Shops & Services
823 visits/mo
0.2 miles
Metro by T-Mobile
Electronics
768 visits/mo
0.4 miles
Stop N Go
Shops & Services
507 visits/mo
0.4 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Two adjoining parcels combine vacant space with a leased building along a highly visible commercial corridor.
Where is this commercial land located?
The property is located at 1401 N Broad Street NE Rome, GA.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Two adjoining parcels at 1401 N Broad Street NE and adjacent Harvey Street building; Vacant North Broad Street parcel paired with a currently leased building; Approximately 16,400 vehicles per day in AADT exposure
