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    Retail Space in Publix-Anchored Center Title is generated by Realmo AI

    435 Turner McCall Blvd NE, Rome, GA

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    Retail space in Rome, GA, near major employers and university.

    Type:RETAIL
    Property size:
    5,718 SF
    Lot size:
    9.10 Acres
    Added:
    Jan 22, 2024
    Days on Market:
    866
    Last Refresh:
    May 20 at 8:04 pm

    Property Features for 435 Turner McCall Blvd NE

    General Information

    Standard status
    Active
    Size
    5,718 SF
    Lot size
    9.10 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 435 Turner McCall Blvd NE Contact us

    We can help!

    Listing Contact
    Melody Holley
    Melody Holley

    Listing agent Melody Holley

    Listing office Crossman & Company

    Listing date Jan 22, 2024

    Source Moodyscre

    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 Crossman & Company

    HighLights

    • Publix‑Anchored Center: Enjoy high foot traffic with an average of 110,000 customers per month.
    • Strategic Location: Directly across from Floyd Medical Center, Rome's largest employer with 3,380 employees and 304 beds.
    • High‑Traffic Thoroughfare: Located along GA‑1 Loop, the main route from I‑75 to Berry College and State Mutual Stadium.
    • Regional Center: Rome is the regional hub for retail, education, healthcare, hospitality, and manufacturing in Northwest Georgia.
    • Proximity to Shorter University: Adjacent to Shorter University, with 1,394 students.
    • High Annual Visitors: Attracts over 175,000 annual visitors due to its location near State Mutual Stadium.

    Overview

    Located in Rome, GA, this retail space is part of a Publix-anchored center that attracts an average of 110,000 customers per month. The property is strategically positioned directly across from Floyd Medical Center, which has 304 beds and is the largest employer in Rome with 3,380 employees. It is also adjacent to Shorter University, which has 1,394 students. Situated along GA-1 Loop, the main thoroughfare from Interstate 75 to Berry College (2,006 students) and State Mutual Stadium, the location attracts over 175,000 annual visitors. Rome serves as the regional center of Northwest Georgia for retail, education, healthcare, hospitality, and manufacturing. The available retail space measures 5,718 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Redbox Cinema City National Bank ... Atm Western Union Bank higi Physician Primo Water Refill Big Box & Wholesale Store

    Suggested Use

    Real Estate Agency Dental Office Spa & Massage Center Restaurant Law Firm Hair Salon Nail Salon Daycare Center Building Supply Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Rome
    County
    Floyd
    State
    Georgia
    Longitude
    -85.1767
    Latitude
    34.2604

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    FAQs

    What type of property is this?
    Strip mall - Retail space in Rome, GA, near major employers and university.
    Where is this strip mall located?
    The property is located at 435 Turner McCall Blvd NE Rome, GA.
    What are key features of this property?
    This property features: Publix‑Anchored Center: Enjoy high foot traffic with an average of 110,000 customers per month.; Strategic Location: Directly across from Floyd Medical Center, Rome's largest employer with 3,380 employees and 304 beds.; High‑Traffic Thoroughfare: Located along GA‑1 Loop, the main route from I‑75 to Berry College and State Mutual Stadium.
    (770) 541-0881 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Melody Holley
    Melody Holley
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    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.

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