Building Details

Building Size 1,940 SF

Year Built 1940

Listing Agency: Hardy Realty & Development Company i***@hardyrealty.com Show Phone

Listed By: Larry E Cagle · License #138923 Show Phone

Source: Blackstreaminternational

Added: Oct 15 Changed: Oct 25 Last Checked: Oct 24 at 6:26PM

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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

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Investment Insights

Based on property information with market context.

An operating convenience store is offered with its buildings and land in a package comprising three parcels. The store was recently refurbished, and the business is included in the sale; inventory is not part of the package. The property was built in 1940.

The store may also be leased.

Key Highlights

• Three parcels offered together
• Operating convenience store was recently refurbished
• Sale includes the business, buildings, and land; inventory is excluded

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,364

Cap Rate

4.28%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$427,280 $427.3K

Cap Rate 7%

$305,200 $305.2K

Cap Rate 9%

$237,378 $237.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,940 SF

Gross rent

$31.0K $15.96/SF

− Vacancy

−$2.5K −$1.28/SF

EGI

$28.5K $14.68/SF

− OpEx

−$7.1K −$3.67/SF

NOI

$21.4K $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 Rate 5%

$427,280

Cap Rate 7%

$305,200

Cap Rate 9%

$237,378

Alternative Uses

Best Use

Specialty Retail

$305.2K

$267.1K – $356.1K (±1% cap)

NOI $21,364 @ 7.0% cap · market cap 4.28%

Second Best

Retail

$172.9K

$151.3K – $201.8K (±1% cap)

NOI $12,105 @ 7.0% cap · market cap 2.43%

Theoretical Best

Healthcare Medical

$321.5K

$281.3K – $375.0K (±1% cap)

NOI $22,502 @ 7.0% cap · market cap 4.51%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Lambert Beauty Supply (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Law Firm Electrical Service Garden Center (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

318

Businesses Nearby

25k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

10,612 visits/mo 0.5 miles

Dollar Tree Shops & Services

8,813 visits/mo 0.4 miles

BP Shops & Services

3,319 visits/mo 0.4 miles

O'Reilly Auto Parts Shops & Services

1,944 visits/mo 0.5 miles

Demographics for 30161, GA

35,382

Population

14,924

Households

2.4

Avg Household Size

41

Median Age

27%

College-Educated

85%

High-School Grad

143.3 sq mi

ZIP Area

247

Density / Sq Mi

$60,176

Median Household Income

$34,545

Median Earnings

$1,006

Median Rent

$185,000

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Grocery and convenience store - The operating business, buildings, and land are offered together across three parcels; inventory is excluded.

Where is this grocery and convenience store located?

The property is located at 306 E 14th Street Rome, GA.

What is the asking price?

The asking price for this property is $499,000.

What are key features of this property?

This property features: Three parcels offered together; Operating convenience store was recently refurbished; Sale includes the business, buildings, and land; inventory is excluded