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    Downtown Rome Commercial Opportunity

    318 Broad Street Rome, GA 30161

    318 Broad Street, Rome, GA, 30161
    $469,900
    For Sale
    Claim this Listing
    $469,900

    COMMERCIAL - Rome, GA

    Property Size3,341 SF
    Price / SF$140.65
    AddedSep 16, 2023
    Days on Market1034
    Last RefreshJul 15 at 5:06 am

    Property Features for 318 Broad Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    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
    Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    1901
    Building materials
    Brick

    Listing agent Michelle M Gibson License #343549

    Listing office Hardy Realty & Development Company 1609 Martha Berry Blvd., Rome, GA

    Listing date Sep 16, 2023

    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 sq ft building is located in downtown Rome, GA, on Broad Street. The property features an open layout extending from the front to the back of the building, presenting a blank canvas for a buyer or tenant. The building has recently undergone repairs, including plumbing, flooring, and roof work, as required by the City of Rome building inspector. The property offers excellent visibility in a prime downtown location and is available for sale.

    Key Highlights

    • 3,341 SF downtown Rome building with an open layout from the front to the back
    • Repairs recently completed per City of Rome building inspector, including plumbing, flooring, and roof items
    • Brick construction with central heating and central air; also includes electric cooling

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $33.3k $9.96
    − Vacancy −$3.5k −$1.05
    EGI $29.8k $8.91
    − OpEx −$8.9k −$2.67
    NOI $20.8k $6.24
    3,341 SF · lease $9.96/SF/yr · vacancy 10.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $297.8K
    $260.6K – $347.5K (±1% cap)
    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 (±1% cap)
    NOI $38,753 @ 7.0% cap · market cap 8.25%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Building Supply Restaurant Law Firm Dental Office HVAC Service Spa & Massage Center Electrical Service Hair Salon Furniture & Home Goods Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Storefront property - 3,341 sq ft building in the heart of Broad Street.
    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 SF downtown Rome building with an open layout from the front to the back; Repairs recently completed per City of Rome building inspector, including plumbing, flooring, and roof items; Brick construction with central heating and central air; also includes electric cooling
    Contact an agent
    (706) 676-6853
    We can help!
    Contact an agent
    Michelle M Gibson
    Real Estate License ID: 343549
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