Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4 Covey Rise Drive NE Rome, GA 30161

    View on Map
    Claim this Listing
    For Sale
    $80,000

    LAND - Rome, GA

    Lot size:
    1.22 Acres
    Added:
    Mar 10, 2018
    Days on Market:
    2975
    Last Refresh:
    May 2 at 5:06 pm

    Property Features for 4 Covey Rise Drive NE

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Partially Wooded, Wooded
    Fencing
    Fenced
    Standard status
    Active
    APN
    K14Z 063C
    Lot size
    1.22 Acres

    Taxes and HOA fees

    Tax Year
    2017
    Tax Annual Amount
    440

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Earl F Robinson
    Earl F Robinson

    Listing agent Earl F Robinson License #GA 85782

    Listing office Toles, Temple & Wright, Inc. 611 Turner Mccall Blvd., Rome, GA

    Listing date Mar 10, 2018

    MLS# 10722161 Listing URL

    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.

    Overview

    Residential Land in Rome, GA

    This 1.22-acre residential land is located in a new subdivision in Rome, GA, minutes from Downtown Rome and convenient to East Rome Bypass, Hwy 411, and Hwy 53. The property is a wooded, estate-size building lot that is mostly level and ready for construction. The subdivision features a stone column entrance, rail fencing, underground utilities, sidewalks, curb and gutters, and custom street lighting.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Building Supply Nail Salon Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Rome
    County
    Floyd
    State
    Georgia
    Longitude
    -85.148
    Latitude
    34.2512

    Nearby Similar for Sale

    • $818,131

      Commercial Building on Highway 27

      7,448 SF commercial building on 2.14 acres in Rome, GA.
      4065 Martha Berry HWY, Rome, GA 30165
      View Details
    • $449,000
      1,728 SF

      Commercial Property on One Acre

      Commercial building on a one-acre lot suitable for various uses.
      3041 Martha Berry Highway NW, Rome, GA 30165
      View Details
    • $299,000
      3,346 SF

      Versatile Commercial Building on Highway

      3,400 SF commercial building on 1-acre corner lot.
      4729 Alabama Highway NW, Rome, GA 30165
      View Details
    • $375,000
      3,000 SF

      Office/Studio with Garage in Rome

      3000 sq ft office/studio with garage and covered parking.
      12 Commerce Court, Rome, GA 30161
      View Details
    • $299,000
      6,000 SF

      Rome GA Industrial Warehouse

      6,000 SF warehouse in Rome, GA for sale.
      1 Albion Drive, Rome, GA 30165
      View Details
    • $425,000
      4,248 SF

      Versatile Commercial Building on Highway

      4,200+ sq ft commercial building with high visibility.
      3964 Martha Berry Highway NE, Rome, GA 30165
      View Details
    • $599,000

      Commercially Zoned Land Opportunity

      12.277 acres of commercially zoned land for sale.
      3105 Barker Road, Rome, GA 30165
      View Details
    • $4,500,000
      41,141 SF

      Downtown Rome Multi-Tenant Office

      41,000 SF multi-tenant office building in downtown Rome, GA.
      701 Broad Street, Rome, GA 30161
      View Details
    • $850,000

      Prime Commercial Tract on Shorter

      2.00 acre commercial tract with excellent flexibility and accessibility.
      2604 Shorter Avenue NW, Rome, GA 30165
      View Details
    • $359,000

      Fully Occupied Quadruplex Investment Opportunity

      Renovated quadruplex in West Rome, ideal for investors.
      103 Asbury Drive NW, Rome, GA 30165
      View Details
    • $109,000

      Commercial Corner Lot on Hwy 53

      1.17 acre commercial lot with excellent visibility and access.
      Pierce Hill Road, Rome, GA 30161
      View Details
    • $4,950,000
      43,000 SF

      Prime Office Investment Opportunity

      43,000 sq ft office complex on 1.58 acres.
      800 Broad Street, Rome, GA 30161
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Wooded building lot in new Rome subdivision.
    Where is this residential land & home lot located?
    The property is located at 4 Covey Rise Drive NE Rome, GA.
    What is the asking price?
    The asking price for this property is $80,000.
    What are key features of this property?
    This property features: Convenient location: Minutes from Downtown Rome and easily accessible to East Rome Bypass, Hwy 411, and Hwy 53.; Ready‑to‑build lots: Most lots are level and prepared for construction.; Estate‑size building lots: Offering ample space and privacy.
    (706) 346-8012
    We can help!
    Listing Contact
    Earl F Robinson
    Earl F Robinson
    Real Estate License ID: GA 85782
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    4 Covey Rise Drive NE, Rome, GA 30161

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!