Three-Unit Manufacturing
For Sale
$3,100,000
90 East Callahan St, Rome, GA 30161
L-I-zoned industrial facility with flexible space for manufacturing, warehousing, and related operations.
Property Size46,000 SF
Price / SF$67.39
Days on Market194
Property Features for 90 East Callahan St
General Information
Standard status
Active
Size
46,000 SF
Property subtype
Factory
Zoning
L-I
Building Details
Building Size
46,000 SF
Year Built
1950
Buildings
1
Listing Agency:
KW Commercial
(770) 992-3356
Listed By:
Rocky Kaufmann · License #248712
(770) 992-3356
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 30
Last Checked: Aug 30 at 11:34AM
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 KW Commercial
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.
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 = 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
$280,225
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
9.04%
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%
$5,604,500
$5.6M
Cap Rate 7%
$4,003,214
$4.0M
Cap Rate 9%
$3,113,611
$3.1M
Market Conditions
NOI Build-Up for 46,000 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
$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 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%
$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
NOI $337,679 @ 7.0% cap · market cap 10.89%
Second Best
Industrial
$4.00M
$3.50M – $4.67M
NOI $280,225 @ 7.0% cap · market cap 9.04%
Theoretical Best
Healthcare Medical
$7.62M
$6.67M – $8.89M
NOI $533,563 @ 7.0% cap · market cap 17.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
