Flex Space with Fenced
New
For Sale
$1,300,000
405 Cedar Avenue SW, Rome, GA 30161
Commercial Sale, Rome, GA
Property Size10,800 SF
Lot Size5.16 Acres
Price / SF$120.37
Days on Market1
Property Features for 405 Cedar Avenue SW
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Lot features
Corner Lot, Level
Directions
GPS friendly, on corner of Cedar Ave and E 18th St
Standard status
Active
APN
J14N 004
Size
10,800 SF
Lot size
5.16 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
18382
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
security system
gym
break room
conference room
server room
shower
Building Details
Year built
1980
Building materials
Brick
Listing Agency:
Hardy Realty & Development Company
(706) 291-4321
Listed By:
Michele Rikard
(770) 241-0772
Added: Oct 20
Last Checked: Oct 20 at 3:06PM
MLS# 10875857
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 10,800-square-foot flex property combines office space with a 5,280-square-foot warehouse. The office layout includes eight private offices, an executive office, a conference room, break room, server room, and gym. Restrooms include separate men’s and women’s facilities, plus an employee restroom with a shower. Upstairs storage and an enclosed storage room with a roll-up door add to the building’s storage options. The warehouse has two exterior roll-up doors, and the property includes a security system.
The 5.16-acre site has a fenced perimeter and gravel yard. Built in 1980 with brick construction, the property has central heating and air conditioning, public water and sewer, and a parking lot.
The 5.16-acre site has a fenced perimeter and gravel yard. Built in 1980 with brick construction, the property has central heating and air conditioning, public water and sewer, and a parking lot.
Key Highlights
- 5.16‑acre site with fenced perimeter and gravel yard
- 10,800 square feet of total property space, including a 5,280‑square‑foot warehouse
- Warehouse features 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.
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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
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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 - Office and warehouse areas are complemented by a gravel yard within a fenced site.
Where is this flex space located?
The property is located at 405 Cedar Avenue 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 fenced perimeter and gravel yard; 10,800 square feet of total property space, including a 5,280‑square‑foot warehouse; Warehouse features two exterior roll‑up doors
