Mixed-Use Commercial
New
For Sale
$575,000
242 N 5th Avenue N A B 226, Rome, GA 30165
Three-unit configuration combines commercial office space with a residential studio apartment.
Property Size4,395 SF
Price / SF$130.83
Days on Market3
Property Features for 242 N 5th Avenue N A B 226
General Information
Standard status
Active
Size
4,395 SF
Building Details
Year Built
1951
Tenancy
Multi
Listing Agency:
Realty One Group Edge
Listed By:
Justin Pollard · License #374145
(706) 802-7458
Source:
Brockteam
Added: Oct 5
Changed: Oct 6
Last Checked: Oct 6 at 2:29AM
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 Realty One Group Edge
Investment Insights
Based on property information with market context.
The 4,395-square-foot property contains three units: two commercial office spaces and a residential studio apartment. One office is expected to become vacant, while the existing occupancy arrangement allows flexibility for a buyer seeking space in the building alongside rental income. The property was built in 1951.
In Rome’s River District, the building is two blocks from Broad Street. Current zoning supports continued mixed use or redevelopment.
In Rome’s River District, the building is two blocks from Broad Street. Current zoning supports continued mixed use or redevelopment.
Key Highlights
- 4,395‑square‑foot mixed‑use property
- Three units include two commercial offices and a residential studio apartment
- One commercial office is expected to become vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,511
Cap Rate
7.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$870,220
$870.2K
Cap Rate 7%
$621,586
$621.6K
Cap Rate 9%
$483,456
$483.5K
Market Conditions
NOI Build-Up for 4,395 SF
Gross rent
$79.1K $18.00/SF
− Vacancy
−$9.5K −$2.16/SF
EGI
$69.6K $15.84/SF
− OpEx
−$26.1K −$5.94/SF
NOI
$43.5K $9.90/SF
Area
Floyd County, GA
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$870,220
Cap Rate 7%
$621,586
Cap Rate 9%
$483,456
Alternative Uses
Best Use
Mixed Use
$621.6K
$543.9K – $725.2K
NOI $43,511 @ 7.0% cap · market cap 7.57%
Second Best
Office B
$515.7K
$451.2K – $601.6K
NOI $36,098 @ 7.0% cap · market cap 6.28%
Theoretical Best
Healthcare Medical
$728.3K
$637.2K – $849.6K
NOI $50,978 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,250
Businesses Nearby
Explore this area
Business Placement
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-unit configuration combines commercial office space with a residential studio apartment.
Where is this mixed-use property located?
The property is located at 242 N 5th Avenue N A B 226 Rome, GA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 4,395‑square‑foot mixed‑use property; Three units include two commercial offices and a residential studio apartment; One commercial office is expected to become vacant
