Established Storefront
New
For Sale
$249,900
1800 Shorter Avenue NW, Rome, GA 30165
Commercial storefront with a history of long-term leasing and availability for a new owner.
Property Size1,984 SF
Price / SF$183.89
Days on Market5
Property Features for 1800 Shorter Avenue NW
General Information
Standard status
Active
Size
1,984 SF
Property subtype
Other
Amenities
0.16 acres, Corner Lot
Metal
Public Sewer
Annual Amount: $3,400, Year: 2025
Central Air, Electric
Central
Cumulative Days on Market: 3, 3 days on market, On Market Date: 2026-08-18
Parking Lot
Built in 1984
County: Floyd
Resale
Public
Close Of Escrow
Building Details
Building Size
1,984 SF
Year Built
1984
Listing Agency:
Keller Williams Northwest
(706) 676-2514
Listed By:
Elizabeth Powell
(706) 676-2514
Source:
Blackstreaminternational
Added: Aug 18
Changed: Aug 22
Last Checked: Aug 22 at 3:47AM
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 Keller Williams Northwest
Investment Insights
Based on property information with market context.
This storefront property comprises 1,359 square feet and was constructed in 1984. The commercial building has been leased for many years and is now available for purchase, providing an established physical setting for a future business operation.
The property is located at 1800 Shorter Avenue NW in Rome, Georgia. Its storefront configuration and prominent commercial positioning support continued consideration for retail-oriented use, subject to the buyer’s intended plans and applicable requirements.
The property is located at 1800 Shorter Avenue NW in Rome, Georgia. Its storefront configuration and prominent commercial positioning support continued consideration for retail-oriented use, subject to the buyer’s intended plans and applicable requirements.
Key Highlights
- 1,359‑square‑foot storefront property
- Constructed in 1984
- Previously leased for many years
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
$8,480
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
3.39%
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%
$169,600
$169.6K
Cap Rate 7%
$121,143
$121.1K
Cap Rate 9%
$94,222
$94.2K
Market Conditions
NOI Build-Up for 1,359 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
$13.5K $9.96/SF
− Vacancy
−$1.4K −$1.05/SF
EGI
$12.1K $8.91/SF
− OpEx
−$3.6K −$2.67/SF
NOI
$8.5K $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%
$169,600
Cap Rate 7%
$121,143
Cap Rate 9%
$94,222
Alternative Uses
Best Use
Retail
$121.1K
$106.0K – $141.3K
NOI $8,480 @ 7.0% cap · market cap 3.39%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$225.2K
$197.0K – $262.7K
NOI $15,763 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
343
Businesses Nearby
45k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Shops & Services 40%
Home Improvements & Furnishings 5%
Waffle House
Dining
12,387 visits/mo
0.2 miles
Marathon
Shops & Services
8,221 visits/mo
0.1 miles
Little Caesars Pizza
Dining
7,204 visits/mo
0.4 miles
Family Dollar
Shops & Services
6,239 visits/mo
0.2 miles
SUBWAY
Dining
3,953 visits/mo
0.2 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial storefront with a history of long-term leasing and availability for a new owner.
Where is this storefront property located?
The property is located at 1800 Shorter Avenue NW Rome, GA.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 1,359‑square‑foot storefront property; Constructed in 1984; Previously leased for many years
