Building Details

Building Size 46,000 SF

Year Built 1950

Buildings 1

Listing Agency: KW Commercial

Listed By: Rocky Kaufmann · License #248712 Show Phone

Source: Thebrokerlist

Added: Feb 18 Changed: Oct 2 Last Checked: Oct 14 at 7:43PM

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Investment Insights

Based on property information with market context.

This industrial property contains a 46,000-square-foot building arranged across three units. Constructed in 1950, the facility is described as well maintained and offers space configured for manufacturing, warehousing, or other industrial operations. The L-I zoning designation supports its industrial positioning.

The property is located at 90 East Callahan St in Rome, Georgia. The surrounding area includes the Rome-Floyd Eco-Industrial Park and Northwest Georgia College and Career Academy, providing nearby industrial and workforce-development resources. Local amenities and services are also identified in the surrounding community.

Key Highlights

• 46,000‑square‑foot industrial building
• Three‑unit configuration supports multiple operations or occupants
• L‑I zoning designation

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$280,225

Cap Rate

9.04%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,604,500 $5.6M

Cap Rate 7%

$4,003,214 $4.0M

Cap Rate 9%

$3,113,611 $3.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 46,000 SF

Gross rent

$436.1K $9.48/SF

− Vacancy

−$35.8K −$0.78/SF

EGI

$400.3K $8.70/SF

− OpEx

−$120.1K −$2.61/SF

NOI

$280.2K $6.09/SF

Area

Floyd County, GA

Vacancy

8.20%

Lease Rate

$9.48 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,604,500

Cap Rate 7%

$4,003,214

Cap Rate 9%

$3,113,611

Alternative Uses

Best Use

Warehouse

$4.82M

$4.22M – $5.63M (±1% cap)

NOI $337,679 @ 7.0% cap · market cap 10.89%

Second Best

Industrial

$4.00M

$3.50M – $4.67M (±1% cap)

NOI $280,225 @ 7.0% cap · market cap 9.04%

Theoretical Best

Healthcare Medical

$7.62M

$6.67M – $8.89M (±1% cap)

NOI $533,563 @ 7.0% cap · market cap 17.21%

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

Property Analytics

Current Use

Northwest Georgia Hunger ... Charitable Organization HEATHER'S OUTDOOR POWER General Contractor Simpson Powersport Auto Repair Shop CAD Textile Impressions Production Facility

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Electrical Service Storage Facility (Bike/Boat/Book/etc) Store Computer & Electronic Repair

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

Location Intelligence

Trade Area within ½ mile

387

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 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?

Manufacturing property - L-I-zoned industrial facility with flexible space for manufacturing, warehousing, and related operations.

Where is this manufacturing property located?

The property is located at 90 East Callahan St Rome, GA.

What is the asking price?

The asking price for this property is $3,100,000.

What are key features of this property?

This property features: 46,000‑square‑foot industrial building; Three‑unit configuration supports multiple operations or occupants; L‑I zoning designation