Storefront Building with Reception
New
For Sale
$249,900
1800 Shorter Avenue, Rome, GA 30165
Commercial Sale, Rome, GA
Property Size1,359 SF
Lot Size0.16 Acres
Price / SF$183.89
Days on Market5
Property Features for 1800 Shorter Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
com
Parking features
Parking Lot
Interior features
Reception Area
Lot features
Corner Lot
View
City
Directions
After passing the hospital continue down Shorter Ave the business will be on the Right hand side of the road.
Standard status
Active
Size
1,359 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
3400
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1984
Floors in Building
1
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Keller Williams Realty Northwest, LLC.
(706) 235-1515
Listed By:
Elizabeth Davis
(706) 676-2514
Added: Aug 18
Changed: Aug 20
Last Checked: Aug 22 at 7:06PM
MLS# 7824432
Copyright © 2026 First Multiple Listing Service, Inc. 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 storefront property contains 1,359 square feet on a 0.16-acre parcel. The interior includes a reception area and concrete flooring, with central heating and electric central air conditioning. A metal roof completes the building, which was constructed in 1984.
The property is located at 1800 Shorter Avenue in Rome, Georgia, within ZIP Code 30165. Public water and public sewer serve the site, and a parking lot is included. The property carries com zoning and is offered for sale.
The property is located at 1800 Shorter Avenue in Rome, Georgia, within ZIP Code 30165. Public water and public sewer serve the site, and a parking lot is included. The property carries com zoning and is offered for sale.
Key Highlights
- 1,359 square feet of storefront space
- 0.16‑acre parcel
- Reception area with concrete flooring
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 - Storefront property with a reception area, concrete flooring, and on-site parking.
Where is this storefront property located?
The property is located at 1800 Shorter Avenue 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 feet of storefront space; 0.16‑acre parcel; Reception area with concrete flooring
