Downtown Brick
318 Broad Street, Rome, GA 30161
For Sale
$469,900
Commercial Sale, Rome, GA
Property Size3,341 SF
Lot Size0.08 Acres
Price / SF$140.65
Days on Market1153
Property Features for 318 Broad Street
General Information
Property type
Property subtype
Lot features
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Building materials
Listing Agency:
Hardy Realty & Development Company
(706) 291-4321
Listed By:
Michelle M Gibson · License GA #343549
(706) 676-6853
Added: Sep 16, 2023
Changed: Nov 10
Last Checked: Nov 11 at 1:06PM
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.
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Investment Insights
Based on property information with market context.
This 3,341-square-foot brick storefront was built in 1901 and has an open interior extending from the front of the building to the rear. Recent work completed the repairs required by the City of Rome building inspector, including items involving plumbing, flooring, and the roof. Central heating and central air conditioning serve the building.
At 318 Broad Street in downtown Rome, the property occupies a 0.08-acre parcel. Public water and sewer are available.
At 318 Broad Street in downtown Rome, the property occupies a 0.08-acre parcel. Public water and sewer are available.
Key Highlights
- 3,341 square feet on a 0.08‑acre parcel
- Brick construction; built in 1901
- Recent repairs addressed plumbing, flooring, and roof items per city inspection
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.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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
$185,000
Median Home Value
Check the figures for this property
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Market
Average Price Trend$/SF for Storefront properties in Rome, GA
Properties on Market for Storefront properties in Rome
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Blooms Floral Studio — 312 E 7th St SW, Rome, GA 30161
Frequently Asked Questions
What type of property is this?
Storefront property - Recently completed repairs address plumbing, flooring, and roof items, leaving the interior open from front to back.
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 feet on a 0.08‑acre parcel; Brick construction; built in 1901; Recent repairs addressed plumbing, flooring, and roof items per city inspection
