Freestanding Grocery and Convenience
For Sale
$900,000
2006 Redmond Cir, Rome, GA 30165
Commercial Sale, Rome, GA
Property Size3,360 SF
Lot Size0.59 Acres
Price / SF$267.86
Days on Market66
Property Features for 2006 Redmond Cir
General Information
Property type
Commercial Sale
Property subtype
Retail
Parking features
Parking Lot
Security features
Security
Lot features
Corner Lot, Level
Directions
Use GPS locator.
Standard status
Active
APN
H12Z 584
Size
3,360 SF
Lot size
0.59 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6622
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1975
Building materials
Brick
Listing Agency:
Toles, Temple & Wright, Inc.
(706) 291-0202
Listed By:
Dan Carlton · License #165603
(706) 346-3970
Added: Jun 24
Changed: Aug 19
Last Checked: Aug 28 at 4:06PM
MLS# 10804951
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 freestanding grocery and convenience retail property includes the land, building, operating business, POS system, a 12-door beer cooler, and trade fixtures. The 3,360-square-foot brick building was constructed in 1975 and includes a portion with its own entrance and independent utilities. That separated area can support additional occupancy or expanded retail use. Inventory is excluded from the purchase price and will transfer separately after an inventory count.
The property occupies 0.59 acres at the corner of Redmond Circle and Redmond Court in Rome, Georgia, with access to a parking lot and approximately 19,000 vehicles per day. Central heating and central air serve the building, while public water and public sewer are available. The business has been operated by the same owners since 2007, and the owners will assist with transition following a sale.
The property occupies 0.59 acres at the corner of Redmond Circle and Redmond Court in Rome, Georgia, with access to a parking lot and approximately 19,000 vehicles per day. Central heating and central air serve the building, while public water and public sewer are available. The business has been operated by the same owners since 2007, and the owners will assist with transition following a sale.
Key Highlights
- 3,360‑square‑foot retail building on 0.59 acres
- Includes land, building, operating business, POS system, 12‑door beer cooler, and trade fixtures
- Corner location at Redmond Circle and Redmond Court with approximately 19,000 vehicles per day
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
237
Businesses Nearby
45k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 80%
Dining 20%
Circle K
Shops & Services
14,017 visits/mo
0.3 miles
Dollar General
Shops & Services
10,333 visits/mo
0.4 miles
Bojangles' Famous Chicken 'n Biscuits
Dining
8,978 visits/mo
0.5 miles
BP
Shops & Services
5,100 visits/mo
0.5 miles
Chevron
Shops & Services
4,876 visits/mo
0.3 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 - Operating retail business with land, building, fixtures, and separate-entry space for additional occupancy or expansion.
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 on 0.59 acres; Includes land, building, operating business, POS system, 12‑door beer cooler, and trade fixtures; Corner location at Redmond Circle and Redmond Court with approximately 19,000 vehicles per day
