Multi-Suite Office
For Sale
$1,300,000
402 Rome St, Carrollton, GA 30117
Flexible office property with private entrances, reception areas, meeting space, and on-site parking near downtown Carrollton.
Property Size7,600 SF
Price / SF$154.76
Days on Market55
Property Features for 402 Rome St
General Information
Standard status
Active
Size
7,600 SF
Total Parking Spaces
13
Amenities
full kitchen
employee break area
training room
reception area
waiting area
Building Details
Year Built
1950
Buildings
1
Stories
2
Building Size
7,600 SF
Construction
steel beams
Listing Agency:
Keller Williams Realty Atl. Partners
Listed By:
Kellie Wiggins · License #395713
(770) 252-2266
Source:
Annakintown
Added: Aug 21
Changed: Oct 3
Last Checked: Oct 7 at 2:53PM
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 Keller Williams Realty Atl. Partners
Investment Insights
Based on property information with market context.
This office property at 402 Rome St includes multiple private suites and individual offices arranged across finished levels with separate entrances. The main floor features two executive suites, eight additional offices, a reception area, waiting space, hardwood flooring, a full kitchen with substantial cabinetry, and an employee break area. Additional offices include executive suites with built-in bookcases, while the larger suite has a kitchenette and private half bath. The finished lower level adds five offices, a training room, and a sizable storage area with shelving. Curved glass and steel details and wall-to-wall windows bring natural light to that level.
The property includes 13 parking spaces and is within walking distance of downtown Carrollton. Building improvements include six new HVAC units, a brick and siding exterior, a metal roof structure, and steel beams throughout. The design also accommodates potential elevator installation to connect the levels.
The property includes 13 parking spaces and is within walking distance of downtown Carrollton. Building improvements include six new HVAC units, a brick and siding exterior, a metal roof structure, and steel beams throughout. The design also accommodates potential elevator installation to connect the levels.
Key Highlights
- 8,400 SF PropertySize
- Two executive suites and eight additional offices on the main level
- Five lower‑level offices, training room, and large storage area with shelving
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,485
Cap Rate
8.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,249,700
$2.2M
Cap Rate 7%
$1,606,929
$1.6M
Cap Rate 9%
$1,249,833
$1.2M
Market Conditions
NOI Build-Up for 8,400 SF
Gross rent
$200.5K $23.87/SF
− Vacancy
−$50.5K −$6.02/SF
EGI
$150.0K $17.85/SF
− OpEx
−$37.5K −$4.46/SF
NOI
$112.5K $13.39/SF
Area
Carroll County, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,249,700
Cap Rate 7%
$1,606,929
Cap Rate 9%
$1,249,833
Alternative Uses
Best Use
Office B
$1.61M
$1.41M – $1.87M
NOI $112,485 @ 7.0% cap · market cap 8.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.35M
$2.05M – $2.74M
NOI $164,369 @ 7.0% cap · market cap 12.64%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
998
Businesses Nearby
Explore this area
Business Placement
Demographics for 30117, GA
37,644
Population
15,313
Households
2.5
Avg Household Size
34
Median Age
29%
College-Educated
85%
High-School Grad
108.1 sq mi
ZIP Area
348
Density / Sq Mi
$58,463
Median Household Income
$31,273
Median Earnings
$1,066
Median Rent
$239,600
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Flexible office property with private entrances, reception areas, meeting space, and on-site parking near downtown Carrollton.
Where is this office building located?
The property is located at 402 Rome St Carrollton, GA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 8,400 SF PropertySize; Two executive suites and eight additional offices on the main level; Five lower‑level offices, training room, and large storage area with shelving
