Downtown Brick Retail
For Sale
$469,900
318 Broad Street, Rome, GA 30161
Commercial Sale, Rome, GA
Property Size3,341 SF
Price / SF$140.65
Days on Market1121
Property Features for 318 Broad Street
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Level
Directions
Broad Street in Downtown Rome, 300 Block
Standard status
Active
APN
J14C 109
Size
3,341 SF
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
3647
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1901
Building materials
Brick
Listing Agency:
Hardy Realty & Development Company
(706) 291-4321
Listed By:
Michelle M Gibson · License #343549
(706) 676-6853
Added: Sep 16, 2023
Changed: Sep 1
Last Checked: Oct 10 at 5:06AM
MLS# 10667354
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 3,341-square-foot storefront property at 318 Broad Street dates to 1901 and is constructed of brick. The interior offers an open configuration extending from the front to the rear, providing a flexible foundation for retail or other commercial use. Recent work addressed plumbing, flooring, and roof items identified during the City of Rome building inspection.
The property is positioned on Broad Street in downtown Rome, Georgia. Central heating, central air, and electric cooling support the building, while public water and public sewer serve the site. Water is available, and the open interior allows a future owner or occupant to shape the space around its operating requirements.
The property is positioned on Broad Street in downtown Rome, Georgia. Central heating, central air, and electric cooling support the building, while public water and public sewer serve the site. Water is available, and the open interior allows a future owner or occupant to shape the space around its operating requirements.
Key Highlights
- 3,341‑square‑foot storefront property at 318 Broad Street in downtown Rome
- 1901 brick construction
- Open layout extending from the front to the back of the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,848
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$416,960
$417.0K
Cap Rate 7%
$297,829
$297.8K
Cap Rate 9%
$231,644
$231.6K
Market Conditions
NOI Build-Up for 3,341 SF
Gross rent
$33.3K $9.96/SF
− Vacancy
−$3.5K −$1.05/SF
EGI
$29.8K $8.91/SF
− OpEx
−$8.9K −$2.67/SF
NOI
$20.8K $6.24/SF
Area
Floyd County, GA
Vacancy
10.50%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$416,960
Cap Rate 7%
$297,829
Cap Rate 9%
$231,644
Alternative Uses
Best Use
Retail
$297.8K
$260.6K – $347.5K
NOI $20,848 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$553.6K
$484.4K – $645.9K
NOI $38,753 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,325
Businesses Nearby
161k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 62%
Shops & Services 30%
Hotels & Casinos 4%
Beauty & Spa 4%
Michaels
Shops & Services
35,980 visits/mo
0.5 miles
Panera Bread
Dining
28,681 visits/mo
0.5 miles
Chili's Grill & Bar
Dining
26,678 visits/mo
0.5 miles
IHOP
Dining
14,471 visits/mo
0.5 miles
Hardee's
Dining
10,653 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Storefront property - Open commercial space with completed repairs and central heating and cooling in downtown Rome.
Where is this storefront property located?
The property is located at 318 Broad Street Rome, GA.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: 3,341‑square‑foot storefront property at 318 Broad Street in downtown Rome; 1901 brick construction; Open layout extending from the front to the back of the building
