Brick Flex Space with Roll-Up
For Sale
$279,000
4729 Alabama Highway NW, Rome, GA 30165
Commercial Sale, Rome, GA
Property Size3,400 SF
Lot Size1.00 Acre
Price / SF$83.38
Days on Market201
Property Features for 4729 Alabama Highway NW
General Information
Property type
Commercial Sale
Property subtype
Other
Fencing
Chain Link, Fenced
Lot features
City Lot, Corner Lot, Level
Directions
From SR-1 Loop, turn onto Shorter Avenue, Then Left onto Oreburg Rd SW. Go 4.9 miles, then turn right. Destination is on our left.
Standard status
Active
APN
F13Y 198
Size
3,346 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
1307
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Water source
Public
Amenities
paved parking
roll-up door
large open areas
two restrooms
outdoor space
Building Details
Year built
1965
Flooring type
Concrete
Building materials
Brick
Roof type
Composition
Listing Agency:
Hardy Realty & Development Company
(706) 291-4321
Listed By:
Lori Walker Davidson · License #383869
(706) 766-7463
Added: Feb 20
Changed: Sep 9
Last Checked: Sep 9 at 6:06PM
MLS# 10696033
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.
Investment Insights
Based on property information with market context.
This 3,346-square-foot flex space sits on a 1-acre corner parcel and combines an open interior with practical service features. The building includes a roll-up door, two restrooms, concrete flooring, and brick construction. A paved parking area and fenced exterior provide usable space around the building.
Located at 4729 Alabama Highway NW in Rome, Georgia, the property offers a highway-oriented setting with public water and public sewer service. The building was constructed in 1965 and has a composition roof. Its open configuration can accommodate a range of commercial layouts, subject to applicable approvals and use requirements.
Located at 4729 Alabama Highway NW in Rome, Georgia, the property offers a highway-oriented setting with public water and public sewer service. The building was constructed in 1965 and has a composition roof. Its open configuration can accommodate a range of commercial layouts, subject to applicable approvals and use requirements.
Key Highlights
- 3,346 square feet of commercial building space
- 1‑acre corner lot with paved parking
- One roll‑up door for loading or deliveries
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,562
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$491,240
$491.2K
Cap Rate 7%
$350,886
$350.9K
Cap Rate 9%
$272,911
$272.9K
Market Conditions
NOI Build-Up for 3,346 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$31.7K $9.48/SF
− Vacancy
−$2.8K −$0.84/SF
EGI
$28.9K $8.64/SF
− OpEx
−$4.3K −$1.30/SF
NOI
$24.6K $7.34/SF
Area
Floyd County, GA
Vacancy
8.90%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$491,240
Cap Rate 7%
$350,886
Cap Rate 9%
$272,911
Alternative Uses
Best Use
Flex RnD
$433.4K
$379.3K – $505.7K
NOI $30,340 @ 7.0% cap · market cap 10.87%
Second Best
Warehouse
$350.9K
$307.0K – $409.4K
NOI $24,562 @ 7.0% cap · market cap 8.80%
Theoretical Best
Healthcare Medical
$554.4K
$485.1K – $646.9K
NOI $38,811 @ 7.0% cap · market cap 13.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
47
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
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
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Frequently Asked Questions
What type of property is this?
Flex space - Open commercial layout with paved parking, fenced outdoor area, two restrooms, and public water and sewer.
Where is this flex space located?
The property is located at 4729 Alabama Highway NW Rome, GA.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: 3,346 square feet of commercial building space; 1‑acre corner lot with paved parking; One roll‑up door for loading or deliveries
