Brick Flex Space with Roll-Up
New
For Sale
$279,000
4729 Alabama Hwy NW, Rome, GA 30165
Fenced corner property provides paved parking, loading access, and flexible open areas.
Property Size3,346 SF
Lot Size1.00 Acre
Price / SF$83.38
Days on Market2
Property Features for 4729 Alabama Hwy NW
General Information
Standard status
Active
Size
3,346 SF
Lot size
1.00 Acre
Site & Location
Corner Location
Yes
Highway Access
Yes
Amenities
roll-up door
restrooms
Building Details
Year Built
1965
Buildings
1
Construction
all-brick
Listing Agency:
Hardy Realty & Development Company
Listed By:
Lori Walker Davidson · License #383869
(706) 291-4321
Source:
Annakintown
Added: Sep 18
Last Checked: Sep 19 at 12:58PM
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
Investment Insights
Based on property information with market context.
Built in 1965, this all-brick flex space occupies a fenced 1-acre corner lot along Alabama Hwy NW in Rome. The building offers broad open interior areas that can be arranged for retail, office, warehouse, or workspace functions, subject to applicable requirements. Two restrooms support day-to-day operations, while a roll-up door provides loading and delivery access.
The property includes paved parking and additional outdoor area within the fenced parcel. Its address is 4729 Alabama Hwy NW, Rome, GA 30165, providing a practical setting for an owner-user or investor seeking a flexible commercial building.
The property includes paved parking and additional outdoor area within the fenced parcel. Its address is 4729 Alabama Hwy NW, Rome, GA 30165, providing a practical setting for an owner-user or investor seeking a flexible commercial building.
Key Highlights
- Fenced 1‑acre corner lot
- All‑brick building constructed in 1965
- Flexible open interior areas for retail, office, warehouse, or workspace use
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
Highway access
Location Intelligence
Trade Area within ½ mile
48
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 - Fenced corner property provides paved parking, loading access, and flexible open areas.
Where is this flex space located?
The property is located at 4729 Alabama Hwy 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: Fenced 1‑acre corner lot; All‑brick building constructed in 1965; Flexible open interior areas for retail, office, warehouse, or workspace use
