Versatile Commercial Building on
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4729 Alabama Hwy, Rome, GA 30165
3,400 SF commercial building on 1-acre corner lot.
Property Size3,346 SF
Lot Size1.00 Acre
Price / SF$89.36
Days on Market182
Property Features for 4729 Alabama Hwy
General Information
Standard status
Active
Size
3,346 SF
Lot size
1.00 Acre
Property subtype
Retail, Mixed Use
Zoning
C-C
Building Details
Year Built
1965
Stories
1
Listing Agency:
Hardy Realty& Development Co
(706) 291-4321
Listed By:
Lori Davidson · License #383869
Source:
Crexi
Added: Feb 21
Changed: Aug 14
Last Checked: Aug 21 at 7:09AM
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 Co
Investment Insights
Based on property information with market context.
This versatile commercial building, situated on a 1-acre corner lot, offers approximately 3,400 square feet of functional space. The property benefits from excellent visibility on a busy highway. It features paved parking and is fully fenced. The building includes one roll-up door suitable for loading and deliveries. Inside, the layout features large, open areas that can be configured for retail, office, warehouse, or workspace purposes. The property also contains two restrooms. The flexible layout and ample parking and outdoor space make the property suitable for a variety of uses. The all-brick construction makes this a great opportunity for an owner-user or investor.
Key Highlights
- Excellent visibility on a busy highway.
- Approximately 3,400 square feet of functional space.
- 1‑acre corner lot with paved parking.
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
$27,482
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
9.19%
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%
$549,640
$549.6K
Cap Rate 7%
$392,600
$392.6K
Cap Rate 9%
$305,356
$305.4K
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
$47.0K $14.04/SF
− Vacancy
−$10.3K −$3.09/SF
EGI
$36.6K $10.95/SF
− OpEx
−$9.2K −$2.74/SF
NOI
$27.5K $8.21/SF
Area
Floyd County, GA
Vacancy
22.00%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
25.00%
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%
$549,640
Cap Rate 7%
$392,600
Cap Rate 9%
$305,356
Alternative Uses
Best Use
Mixed Use
$473.2K
$414.1K – $552.1K
NOI $33,125 @ 7.0% cap · market cap 11.08%
Second Best
Office B
$392.6K
$343.5K – $458.0K
NOI $27,482 @ 7.0% cap · market cap 9.19%
Theoretical Best
Healthcare Medical
$554.4K
$485.1K – $646.9K
NOI $38,811 @ 7.0% cap · market cap 12.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
48
Businesses Nearby
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 3,400 SF commercial building on 1-acre corner lot.
Where is this mixed-use property located?
The property is located at 4729 Alabama Hwy Rome, GA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Excellent visibility on a busy highway.; Approximately 3,400 square feet of functional space.; 1‑acre corner lot with paved parking.
