Open-Layout
For Sale
$469,900
318 Broad Street, Rome, GA 30161
Recent work addressed plumbing, flooring, and roof items following review by the city building inspector.
Property Size3,341 SF
Price / SF$140.65
Days on Market291
Property Features for 318 Broad Street
General Information
Standard status
Active
Size
3,341 SF
Property subtype
Commercial
Zoning
CBC
Taxes and HOA fees
Annual Taxes
$3,647
Building Details
Building Size
3,341 SF
Year Built
1901
Listed By:
Debbie Conner Smith
(770) 464-0897
Source:
Connersmithrealty
Added: Jan 7
Changed: Oct 23
Last Checked: Oct 23 at 5:55PM
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 Debbie Conner Smith
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1901, this 3,341-square-foot storefront at 318 Broad Street has an open interior extending from the front to the rear. Work covering plumbing, flooring, and roofing items was completed in response to requirements from the City of Rome building inspector.
The property is on Broad Street in Rome and carries CBC zoning.
The property is on Broad Street in Rome and carries CBC zoning.
Key Highlights
- 3,341‑square‑foot storefront with an open layout extending front to rear
- Plumbing, flooring, and roof work completed per City of Rome building inspector requirements
- Built in 1901
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
Current Use
Location Intelligence
Trade Area within ½ mile
112
Businesses Nearby
1k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Greenway Chrysler Dodge Jeep Ram of Rome
Shops & Services
1,384 visits/mo
0.1 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
Similar Off Market Nearby
- Colonial House Florist & Gifts — 1104 Calhoun Ave NE, Rome, GA 30161
Frequently Asked Questions
What type of property is this?
Storefront property - Recent work addressed plumbing, flooring, and roof items following review by the city building inspector.
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 with an open layout extending front to rear; Plumbing, flooring, and roof work completed per City of Rome building inspector requirements; Built in 1901
