Building Details

Year built 1965

Flooring type Concrete

Building materials Brick

Roof type Composition

Buildings 1

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

Listed By: Lori Walker Davidson Show Phone

Added: Feb 20 Changed: Oct 23 Last Checked: Oct 29 at 7:06AM

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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.

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Review the available facts, identify missing information and prepare questions for the agent.

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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.

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 / Yr

$24,562

Cap Rate

8.80%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$491,240 $491.2K

Cap Rate 7%

$350,886 $350.9K

Cap Rate 9%

$272,911 $272.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,346 SF

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 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 (±1% cap)

NOI $30,340 @ 7.0% cap · market cap 10.87%

Second Best

Warehouse

$350.9K

$307.0K – $409.4K (±1% cap)

NOI $24,562 @ 7.0% cap · market cap 8.80%

Theoretical Best

Healthcare Medical

$554.4K

$485.1K – $646.9K (±1% cap)

NOI $38,811 @ 7.0% cap · market cap 13.91%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Kens Antiques and Auction Home Decor Store

Suggested Use

Top Pick Building Supply Electrical Service Storage Facility Big Box & Wholesale Store Catering Service Garden Center

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

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

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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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