Commercial Land with Existing
New
For Sale
$650,000
5561 New Calhoun Highway NE, Rome, GA 30161
Community Commercial zoning and an existing building accommodate multiple permitted commercial uses.
Property Size2,001 SF
Price / SF$119.62
Days on Market7
Property Features for 5561 New Calhoun Highway NE
General Information
Standard status
Active
Size
2,001 SF
Property subtype
Other
Amenities
6.93 acres, Semi Turning Available
Septic Tank
Annual Amount: $6,122, Year: 2026
Central Air
Central
Cumulative Days on Market: 4, 4 days on market, On Market Date: 2026-08-05
Paved
Built in 2001, Steel Siding
County: Floyd
Resale
Electricity Available, Water Available, Public
Negotiable
Building Details
Building Size
2,001 SF
Year Built
2001
Listing Agency:
Keller Williams Realty First Atlanta
(404) 226-2002
Listed By:
Angie Ponsell
(404) 226-2002
Source:
Blackstreaminternational
Added: Aug 5
Changed: Aug 11
Last Checked: Aug 11 at 6:06AM
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 Keller Williams Realty First Atlanta
Investment Insights
Based on property information with market context.
This 6.93-acre commercial land offering includes a 5,434-square-foot building constructed in 2001. The property carries C-C (Community Commercial) zoning and provides space associated with parking and outdoor storage. Its existing improvements create a developed starting point for commercial occupancy or future site planning.
Located at 5561 New Calhoun Highway NE in Rome, Georgia, the property offers access to major transportation routes. Permitted commercial uses identified for the site include retail, contractor operations, automotive businesses, offices, service businesses, equipment sales, wholesale, and religious assembly. The site may also accommodate other uses allowed under the applicable zoning designation.
Located at 5561 New Calhoun Highway NE in Rome, Georgia, the property offers access to major transportation routes. Permitted commercial uses identified for the site include retail, contractor operations, automotive businesses, offices, service businesses, equipment sales, wholesale, and religious assembly. The site may also accommodate other uses allowed under the applicable zoning designation.
Key Highlights
- 6.93‑acre commercial site
- 5,434 SF existing building constructed in 2001
- C‑C (Community Commercial) zoning
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
$44,632
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
6.87%
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%
$892,640
$892.6K
Cap Rate 7%
$637,600
$637.6K
Cap Rate 9%
$495,911
$495.9K
Market Conditions
NOI Build-Up for 5,434 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
$76.3K $14.04/SF
− Vacancy
−$16.8K −$3.09/SF
EGI
$59.5K $10.95/SF
− OpEx
−$14.9K −$2.74/SF
NOI
$44.6K $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%
$892,640
Cap Rate 7%
$637,600
Cap Rate 9%
$495,911
Alternative Uses
Best Use
Office B
$637.6K
$557.9K – $743.9K
NOI $44,632 @ 7.0% cap · market cap 6.87%
Second Best
Retail
$484.4K
$423.9K – $565.1K
NOI $33,908 @ 7.0% cap · market cap 5.22%
Theoretical Best
Healthcare Medical
$900.4K
$787.9K – $1.05M
NOI $63,030 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
128
Businesses Nearby
Explore this area
Business Placement
Demographics for 30161, GA
35,382
Population
14,924
Households
2.4
Avg Household Size
41
Median Age
27%
College-Educated
85%
High-School Grad
143.3 sq mi
ZIP Area
247
Density / Sq Mi
$60,176
Median Household Income
$34,545
Median Earnings
$1,006
Median Rent
$185,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Community Commercial zoning and an existing building accommodate multiple permitted commercial uses.
Where is this commercial land located?
The property is located at 5561 New Calhoun Highway NE Rome, GA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 6.93‑acre commercial site; 5,434 SF existing building constructed in 2001; C‑C (Community Commercial) zoning
