Building Details

Building Size 1,970 SF

Year Built 1970

Listing Agency: Hardy Realty & Development Company i***@hardyrealty.com Show Phone

Listed By: James M Kelley III · License #128793 Show Phone

Source: Blackstreaminternational

Added: Oct 20 Changed: Oct 25 Last Checked: Oct 25 at 2:40AM

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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

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Investment Insights

Based on property information with market context.

Built in 1970, this restaurant property offers more than 3,000 square feet of interior dining and restaurant area, furnished with seating and equipment. A covered deck exceeding 700 square feet adds outdoor dining space. Customer parking is available on site.

Key Highlights

• More than 3,000 square feet of interior dining and restaurant space
• Covered deck measuring over 700 square feet
• Seating and restaurant equipment included

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,694

Suggested Prices Based on Cap Rates

Cap Rate 5%

$433,880 $433.9K

Cap Rate 7%

$309,914 $309.9K

Cap Rate 9%

$241,044 $241.0K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,970 SF

Gross rent

$31.4K $15.96/SF

− Vacancy

−$2.5K −$1.28/SF

EGI

$28.9K $14.68/SF

− OpEx

−$7.2K −$3.67/SF

NOI

$21.7K $11.01/SF

Area

Floyd County, GA

Vacancy

8.00%

Lease Rate

$15.96 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$433,880

Cap Rate 7%

$309,914

Cap Rate 9%

$241,044

Alternative Uses

Best Use

Specialty Retail

$309.9K

$271.2K – $361.6K (±1% cap)

NOI $21,694 @ 7.0% cap · market cap 542.35%

Second Best

—

—

no second resolved use

Theoretical Best

Healthcare Medical

$326.4K

$285.6K – $380.8K (±1% cap)

NOI $22,850 @ 7.0% cap · market cap 571.25%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Buffalo's Cafe Restaurant

Suggested Use

Top Pick Law Firm Parking Lot & Garage Garden Center (Bike/Boat/Book/etc) Store Electrical Service Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

487

Businesses Nearby

114k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 64% Office Supplies 12% Shops & Services 11% Home Improvements & Furnishings 10%

Chick-fil-A Dining

48,324 visits/mo 0.4 miles

Staples Office Supplies

14,164 visits/mo 0.5 miles

Elder's Ace Hardware-East Rome Home Improvements & Furnishings

10,087 visits/mo 0.3 miles

Krystal Dining

9,546 visits/mo 0.2 miles

Red Lobster Dining

6,629 visits/mo 0.3 miles

Demographics for 30165, GA

41,943

Population

17,159

Households

2.4

Avg Household Size

36

Median Age

26%

College-Educated

83%

High-School Grad

167.0 sq mi

ZIP Area

251

Density / Sq Mi

$63,915

Median Household Income

$35,637

Median Earnings

$949

Median Rent

$209,500

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Seating, restaurant equipment, and customer parking are included with the dining space.

Where is this conventional restaurant located?

The property is located at 440 Shorter Avenue NW Rome, GA.

What are key features of this property?

This property features: More than 3,000 square feet of interior dining and restaurant space; Covered deck measuring over 700 square feet; Seating and restaurant equipment included