Building Details

Year built 1958

Building materials Frame

Listing Agency: Toles, Temple & Wright, Inc. b***@ttwrome.com Show Phone

Listed By: Dan Carlton · License #165603 Show Phone

Added: Oct 30 Last Checked: Oct 31 at 12:06AM

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MLS# 10882354

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 0.36-acre commercial parcel includes a 1,025-square-foot frame building constructed in 1958. The structure requires substantial repairs and improvements, with renovation or redevelopment as possible paths for the site. A parking lot is present, and public water and sewer serve the property; cable is available.

The corner site has existing access from Alabama Highway and Morningside Drive in West Rome. GDOT traffic counts indicate approximately 14,000 vehicles per day along the commercial corridor.

Key Highlights

• 0.36‑acre corner parcel in West Rome
• 1,025‑square‑foot frame building, constructed in 1958
• Existing access from Alabama Highway and Morningside Drive

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$6,396

Cap Rate

6.40%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$127,920 $127.9K

Cap Rate 7%

$91,371 $91.4K

Cap Rate 9%

$71,067 $71.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,025 SF

Gross rent

$10.2K $9.96/SF

− Vacancy

−$1.1K −$1.05/SF

EGI

$9.1K $8.91/SF

− OpEx

−$2.7K −$2.67/SF

NOI

$6.4K $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%

$127,920

Cap Rate 7%

$91,371

Cap Rate 9%

$71,067

Alternative Uses

Best Use

Retail

$91.4K

$80.0K – $106.6K (±1% cap)

NOI $6,396 @ 7.0% cap · market cap 6.40%

Second Best

—

—

no second resolved use

Theoretical Best

Healthcare Medical

$169.8K

$148.6K – $198.2K (±1% cap)

NOI $11,889 @ 7.0% cap · market cap 11.89%

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

Commercial land

Suggested Use

Top Pick Building Supply Pharmacy Garden Center Kitchen & Bath Showroom Restaurant Grocery & Convenience Store

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

Location Intelligence

Trade Area within ½ mile

27

Businesses Nearby

5k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Citgo Shops & Services

5,009 visits/mo 0.4 miles

Demographics for 30165, GA

41,943

Population

17,159

Households

2.4

Avg Household Size

36

Median Age

26%

College-Educated

83%

High-School Grad

167.0 sq mi

ZIP Area

251

Density / Sq Mi

$63,915

Median Household Income

$35,637

Median Earnings

$949

Median Rent

$209,500

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?

Commercial land - A corner parcel includes an existing frame structure and access from two roads.

Where is this commercial land located?

The property is located at 3850 Alabama Hwy Rome, GA.

What is the asking price?

The asking price for this property is $100,000.

What are key features of this property?

This property features: 0.36‑acre corner parcel in West Rome; 1,025‑square‑foot frame building, constructed in 1958; Existing access from Alabama Highway and Morningside Drive