Highway Storefront with
For Sale
$425,000
3964 Martha Berry Hwy NE, Rome, GA 30165
Open commercial space includes walk-in cooling, an office, kitchen area, and two bathrooms.
Property Size4,248 SF
Price / SF$100.05
Days on Market25
Property Features for 3964 Martha Berry Hwy NE
General Information
Standard status
Active
Size
4,248 SF
Amenities
large open floor plan
lots of storage
two walk-in coolers
office space
kitchen area
two bathrooms
Building Details
Year Built
1964
Buildings
1
Listing Agency:
Hardy Realty & Development Company
(706) 291-4321
Listed By:
Stephen Graves · License #172674
Source:
Annakintown
Added: Aug 6
Changed: Aug 28
Last Checked: Aug 29 at 11:49AM
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 Hardy Realty & Development Company
Investment Insights
Based on property information with market context.
Built in 1964, this 4,248-square-foot storefront property at 3964 Martha Berry Hwy NE combines an open interior with substantial storage capacity. The building includes two walk-in coolers, a dedicated office, a kitchen area, and two bathrooms.
The property is positioned along Martha Berry Hwy NE in Rome, Georgia, with highway exposure and the traffic activity described for the corridor. Its broad floor plan and existing functional areas provide a defined commercial layout for retail-oriented occupancy.
The property is positioned along Martha Berry Hwy NE in Rome, Georgia, with highway exposure and the traffic activity described for the corridor. Its broad floor plan and existing functional areas provide a defined commercial layout for retail-oriented occupancy.
Key Highlights
- 4,248‑square‑foot commercial building constructed in 1964
- Located at 3964 Martha Berry Hwy NE, Rome, GA 30165
- Highway exposure with a high traffic count
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,507
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$530,140
$530.1K
Cap Rate 7%
$378,671
$378.7K
Cap Rate 9%
$294,522
$294.5K
Market Conditions
NOI Build-Up for 4,248 SF
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.
Gross rent
$42.3K $9.96/SF
− Vacancy
−$4.4K −$1.05/SF
EGI
$37.9K $8.91/SF
− OpEx
−$11.4K −$2.67/SF
NOI
$26.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$530,140
Cap Rate 7%
$378,671
Cap Rate 9%
$294,522
Alternative Uses
Best Use
Retail
$378.7K
$331.3K – $441.8K
NOI $26,507 @ 7.0% cap · market cap 6.24%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$703.9K
$615.9K – $821.2K
NOI $49,273 @ 7.0% cap · market cap 11.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
260
Businesses Nearby
6k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
4,359 visits/mo
0.3 miles
Dollar Tree
Shops & Services
867 visits/mo
0.3 miles
U-Haul
Shops & Services
823 visits/mo
0.3 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Open commercial space includes walk-in cooling, an office, kitchen area, and two bathrooms.
Where is this storefront property located?
The property is located at 3964 Martha Berry Hwy NE Rome, GA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 4,248‑square‑foot commercial building constructed in 1964; Located at 3964 Martha Berry Hwy NE, Rome, GA 30165; Highway exposure with a high traffic count
