Freestanding Grocery and Convenience
For Sale
$900,000
2006 Redmond Circle, Rome, GA 30165
Commercial Sale, Rome, GA
Property Size3,360 SF
Lot Size0.59 Acres
Price / SF$267.86
Days on Market78
Property Features for 2006 Redmond Circle
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: Sep 8
Last Checked: Sep 9 at 3:06PM
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 retail property combines a 3,360-square-foot building, the operating business, POS system, a 12-door beer cooler, and trade fixtures. The brick structure was built in 1975 and includes central heating and central air. A portion of the interior is separated from the main space and has its own entrance and independent utilities, providing flexibility for additional occupancy or expanded retail operations. Inventory is handled separately at closing based on an inventory count.
The property occupies 0.59 acres at the corner of Redmond Circle and Redmond Court in Rome, Georgia, with approximately 19,000 vehicles per day. It is surrounded by multiple subdivisions and includes an on-site parking lot. Public water and public sewer serve the property, and cable is available. The current owners have operated the business since 2007 and 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 approximately 19,000 vehicles per day. It is surrounded by multiple subdivisions and includes an on-site parking lot. Public water and public sewer serve the property, and cable is available. The current owners have operated the business since 2007 and will assist with transition following a sale.
Key Highlights
- 3,360‑square‑foot retail building on 0.59 acres
- Business sale includes land, building, 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
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Established retail business with dedicated cooler equipment, trade fixtures, and a separately accessed portion with independent utilities.
Where is this grocery and convenience store located?
The property is located at 2006 Redmond Circle 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; Business sale includes land, building, POS system, 12‑door beer cooler, and trade fixtures; Corner location at Redmond Circle and Redmond Court with approximately 19,000 vehicles per day
