Freestanding Convenience Store with
For Sale
$900,000
2006 Redmond Cir, Rome, GA 30165
Liquor retail operation includes the building, POS system, trade fixtures, and a 12-door beer cooler.
Property Size3,360 SF
Price / SF$267.86
Days on Market39
Property Features for 2006 Redmond Cir
General Information
Standard status
Active
Size
3,360 SF
Site & Location
Corner Location
Yes
Traffic Count
19,000 vehicles/day
Additional Details
Business Included
Yes
Building Details
Year Built
1975
Buildings
1
Tenancy
Single
Listing Agency:
Toles, Temple & Wright, Inc.
Listed By:
Dan Carlton · License #165603
(706) 291-0202
Source:
Annakintown
Added: Aug 2
Changed: Sep 8
Last Checked: Sep 7 at 3:56PM
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 3,360-square-foot freestanding retail property is offered with the operating liquor business, land, building, POS system, trade fixtures, and a 12-door beer cooler. Inventory is excluded from the purchase price and will transfer separately at closing following an inventory count. The business has been operated by the same owners since 2007, who are prepared to support the transition to new ownership.
Positioned at the corner of Redmond Circle and Redmond Court in Rome, Georgia, the property offers direct access and exposure to approximately 19,000 vehicles per day. The surrounding area includes multiple subdivisions and limited direct competition within the immediate trade area.
A separately configured portion of the building has a private entrance and independent utilities. That space can support additional rental income or expansion into complementary retail use. Financial statements and detailed inventory information are available to qualified buyers after execution of a non-disclosure agreement.
Positioned at the corner of Redmond Circle and Redmond Court in Rome, Georgia, the property offers direct access and exposure to approximately 19,000 vehicles per day. The surrounding area includes multiple subdivisions and limited direct competition within the immediate trade area.
A separately configured portion of the building has a private entrance and independent utilities. That space can support additional rental income or expansion into complementary retail use. Financial statements and detailed inventory information are available to qualified buyers after execution of a non-disclosure agreement.
Key Highlights
- 3,360‑square‑foot retail building with land and operating liquor business included
- 12‑door beer cooler, POS system, and all trade fixtures convey
- Corner location at Redmond Circle and Redmond Court
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
$37,002
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
4.11%
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%
$740,040
$740.0K
Cap Rate 7%
$528,600
$528.6K
Cap Rate 9%
$411,133
$411.1K
Market Conditions
NOI Build-Up for 3,360 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
$53.6K $15.96/SF
− Vacancy
−$4.3K −$1.28/SF
EGI
$49.3K $14.68/SF
− OpEx
−$12.3K −$3.67/SF
NOI
$37.0K $11.01/SF
Area
Floyd County, GA
Vacancy
8.00%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
25.00%
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%
$740,040
Cap Rate 7%
$528,600
Cap Rate 9%
$411,133
Alternative Uses
Best Use
Specialty Retail
$528.6K
$462.5K – $616.7K
NOI $37,002 @ 7.0% cap · market cap 4.11%
Second Best
Retail
$299.5K
$262.1K – $349.4K
NOI $20,966 @ 7.0% cap · market cap 2.33%
Theoretical Best
Healthcare Medical
$556.8K
$487.2K – $649.6K
NOI $38,973 @ 7.0% cap · market cap 4.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
19,000 VPD
Traffic count
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
220
Businesses Nearby
21k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Circle K
Shops & Services
14,017 visits/mo
0.2 miles
Chevron
Shops & Services
4,876 visits/mo
0.4 miles
U-Haul
Shops & Services
1,197 visits/mo
0.2 miles
Gerber Collision & Glass
Shops & Services
601 visits/mo
0.4 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?
Grocery and convenience store - Liquor retail operation includes the building, POS system, trade fixtures, and a 12-door beer cooler.
Where is this grocery and convenience store located?
The property is located at 2006 Redmond Cir Rome, GA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 3,360‑square‑foot retail building with land and operating liquor business included; 12‑door beer cooler, POS system, and all trade fixtures convey; Corner location at Redmond Circle and Redmond Court
