Retail Storefront with
New
For Sale
$249,900
1800 Shorter Avenue NW, Rome, GA 30165
COMMERCIAL - Rome, GA
Property Size1,359 SF
Lot Size0.16 Acres
Price / SF$183.89
Days on Market2
Property Features for 1800 Shorter Avenue NW
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Lot features
Corner Lot
Directions
After passing the hospital continue down Shorter Ave the business will be on the Right hand side of the road.
Standard status
Active
APN
H13I 007
Size
1,359 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3400
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1984
Roof type
Metal
Listing Agency:
Keller Williams Northwest · Keller Williams Realty
(706) 235-1515
Listed By:
Elizabeth D Powell
(706) 676-2514
Added: Aug 18
Changed: Aug 19
Last Checked: Aug 19 at 6:06PM
MLS# 10828811
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 retail storefront contains 1,359 square feet on a 0.16-acre parcel. Built in 1984, the building has central heating, central air, and electric cooling, along with a metal roof. A dedicated parking lot serves the property.
Public water and public sewer are in place. The property is located at 1800 Shorter Avenue NW in Rome, Georgia, within Floyd County and ZIP Code 30165. Its storefront configuration and existing commercial improvements provide a straightforward setting for retail occupancy or ownership.
Public water and public sewer are in place. The property is located at 1800 Shorter Avenue NW in Rome, Georgia, within Floyd County and ZIP Code 30165. Its storefront configuration and existing commercial improvements provide a straightforward setting for retail occupancy or ownership.
Key Highlights
- 1,359‑square‑foot retail storefront on a 0.16‑acre parcel
- Built in 1984 with a metal roof
- Central heating and central air with electric cooling
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
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Frequently Asked Questions
What type of property is this?
Storefront property - Central HVAC, a parking lot, and public utilities support this established commercial building.
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 retail storefront on a 0.16‑acre parcel; Built in 1984 with a metal roof; Central heating and central air with electric cooling
