Fenced-Yard Flex
For Sale
$1,300,000
405 Cedar Ave SW, Rome, GA 30161
The site combines administrative offices, warehouse capacity, and a fenced outdoor area for storage and equipment.
Property Size10,800 SF
Lot Size5.16 Acres
Price / SF$120.37
Days on Market15
Property Features for 405 Cedar Ave SW
General Information
Standard status
Active
Size
10,800 SF
Lot size
5.16 Acres
Property subtype
Commercial
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Warehouse Space
5,280 SF
Property Use
Warehouse
Amenities
gym
security system
break room
conference room
server room
employee restroom with shower
Building Details
Year Built
1980
Building Size
10,800 SF
Listing Agency:
Hardy Realty & Development Company
Listed By:
Michele Rikard · License #373333
(770) 241-0772
Source:
Florida-georgia-realty
Added: Oct 16
Changed: Oct 25
Last Checked: Oct 28 at 8:35AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property totals approximately 10,800 square feet on 5.16 acres, with office space alongside an approximately 5,280-square-foot warehouse. The office layout includes eight private offices, an executive office, a conference room, break room, server room, and gym. Separate men’s and women’s restrooms are supplemented by an employee restroom with a shower. Additional features include upstairs storage and a security system.
The warehouse has two exterior roll-up doors, while a separate enclosed storage room has its own roll-up door. Outside, the fenced property includes a gravel yard for equipment, vehicles, or outdoor storage.
The warehouse has two exterior roll-up doors, while a separate enclosed storage room has its own roll-up door. Outside, the fenced property includes a gravel yard for equipment, vehicles, or outdoor storage.
Key Highlights
- 5.16‑acre site with a fenced perimeter and gravel yard
- Approximately 10,800 square feet of total space
- Approximately 5,280‑square‑foot warehouse with two exterior roll‑up doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,929
Cap Rate
7.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,958,580
$2.0M
Cap Rate 7%
$1,398,986
$1.4M
Cap Rate 9%
$1,088,100
$1.1M
Market Conditions
NOI Build-Up for 10,800 SF
Gross rent
$162.0K $15.00/SF
− Vacancy
−$11.3K −$1.05/SF
EGI
$150.7K $13.95/SF
− OpEx
−$52.7K −$4.88/SF
NOI
$97.9K $9.07/SF
Area
Floyd County, GA
Vacancy
7.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,958,580
Cap Rate 7%
$1,398,986
Cap Rate 9%
$1,088,100
Alternative Uses
Best Use
Flex RnD
$1.40M
$1.22M – $1.63M
NOI $97,929 @ 7.0% cap · market cap 7.53%
Second Best
Warehouse
$1.13M
$991.0K – $1.32M
NOI $79,281 @ 7.0% cap · market cap 6.10%
Theoretical Best
Healthcare Medical
$1.79M
$1.57M – $2.09M
NOI $125,271 @ 7.0% cap · market cap 9.64%
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
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
188
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30161, GA
35,382
Population
14,924
Households
2.4
Avg Household Size
41
Median Age
27%
College-Educated
85%
High-School Grad
143.3 sq mi
ZIP Area
247
Density / Sq Mi
$60,176
Median Household Income
$34,545
Median Earnings
$1,006
Median Rent
$185,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Turner Food Systems — 1413 1/2 Dean Ave SE, Rome, GA 30161
Frequently Asked Questions
What type of property is this?
Flex space - The site combines administrative offices, warehouse capacity, and a fenced outdoor area for storage and equipment.
Where is this flex space located?
The property is located at 405 Cedar Ave SW Rome, 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: 5.16‑acre site with a fenced perimeter and gravel yard; Approximately 10,800 square feet of total space; Approximately 5,280‑square‑foot warehouse with two exterior roll‑up doors
