Storefront Retail with Avenue
For Sale
$600,000
2560 Shorter Avenue, Rome, GA 30165
Previously operated as a convenience store; storefront retail space fronts Shorter Ave.
Property Size2,400 SF
Price / SF$250
Days on Market392
Property Features for 2560 Shorter Avenue
General Information
Standard status
Active
Size
2,400 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$9,332
Amenities
Central Air
3
Concrete
Composition
Parking.
Lot.
21344.400390625
State Road, Paved Road.
Building Details
Year Built
1971
Listing Agency:
Hardy Realty & Development Company
(706) 266-2359
Listed By:
Larry Cagle · License #138923
(706) 266-2359
Source:
Xome
Added: Jul 28, 2025
Changed: Aug 12
Last Checked: Aug 22 at 4:24AM
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 Hardy Realty & Development Company
Investment Insights
Based on property information with market context.
This storefront retail property was previously operated as a convenience store and offers a compact, retail-ready configuration with frontage onto a main corridor. The property is listed for sale with a total size of 2,400 square feet.
The location fronts Shorter Avenue NW, providing direct exposure for retail activity. While the prior use was convenience-focused, the property’s storefront format may be adaptable for other retail businesses looking for an accessible street-facing presence.
The location fronts Shorter Avenue NW, providing direct exposure for retail activity. While the prior use was convenience-focused, the property’s storefront format may be adaptable for other retail businesses looking for an accessible street-facing presence.
Key Highlights
- Previously operated as a convenience store; storefront retail space fronts Shorter Ave
- Year built 1971
- Central air cooling and heating system listed as '3'
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
$26,430
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
4.41%
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%
$528,600
$528.6K
Cap Rate 7%
$377,571
$377.6K
Cap Rate 9%
$293,667
$293.7K
Market Conditions
NOI Build-Up for 2,400 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
$38.3K $15.96/SF
− Vacancy
−$3.1K −$1.28/SF
EGI
$35.2K $14.68/SF
− OpEx
−$8.8K −$3.67/SF
NOI
$26.4K $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%
$528,600
Cap Rate 7%
$377,571
Cap Rate 9%
$293,667
Alternative Uses
Best Use
Specialty Retail
$377.6K
$330.4K – $440.5K
NOI $26,430 @ 7.0% cap · market cap 4.41%
Second Best
Retail
$213.9K
$187.2K – $249.6K
NOI $14,976 @ 7.0% cap · market cap 2.50%
Theoretical Best
Healthcare Medical
$397.7K
$348.0K – $464.0K
NOI $27,838 @ 7.0% cap · market cap 4.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
202
Businesses Nearby
8k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 84%
Home Improvements & Furnishings 16%
MAPCO Mart
Shops & Services
6,728 visits/mo
0.5 miles
American Freight Furniture Mattress Appliance
Home Improvements & Furnishings
1,316 visits/mo
0.5 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Previously operated as a convenience store; storefront retail space fronts Shorter Ave.
Where is this grocery and convenience store located?
The property is located at 2560 Shorter Avenue Rome, GA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Previously operated as a convenience store; storefront retail space fronts Shorter Ave; Year built 1971; Central air cooling and heating system listed as '3'
