Operating Convenience Store with Lease
For Sale
$800,000
E 12th Street, Rome, GA 30161
Commercial Sale, Rome, GA
Property Size3,311 SF
Lot Size1.21 Acres
Price / SF$241.62
Days on Market47
Property Features for E 12th Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Parking features
Parking Lot
Lot features
City Lot, Corner Lot
Directions
From Rome and Turner McCall, take the 12th St exit, take a left, property is on the right located next to the railroad tracks.
Standard status
Active
APN
J14K 111
Size
3,311 SF
Lot size
1.21 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
5765
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1930
Flooring type
Concrete
Building materials
Brick
Listing Agency:
Hardy Realty & Development Company
(706) 291-4321
Listed By:
Larry E Cagle · License #138923
(706) 266-2359
Added: Aug 26
Last Checked: Oct 11 at 7:06PM
MLS# 10833340
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.
Investment Insights
Based on property information with market context.
This operating convenience store occupies a 3,311-square-foot brick building on 1.21 acres across three parcels. The property includes additional space under roof that can be leased separately, along with concrete flooring, central heating, central air, and an on-site parking lot.
The parcels front two streets on E 12th Street in Rome, Georgia, across from the Northwest GA Housing Authority’s planned $21 million redevelopment adding 56 new units and adjacent to the reconstructed Banty Jones Park. Public water and public sewer serve the property, with cable available.
The parcels front two streets on E 12th Street in Rome, Georgia, across from the Northwest GA Housing Authority’s planned $21 million redevelopment adding 56 new units and adjacent to the reconstructed Banty Jones Park. Public water and public sewer serve the property, with cable available.
Key Highlights
- Operating convenience store with additional leasable space under roof
- 3,311‑square‑foot building on 1.21 acres
- Three parcels fronting two streets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,462
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$729,240
$729.2K
Cap Rate 7%
$520,886
$520.9K
Cap Rate 9%
$405,133
$405.1K
Market Conditions
NOI Build-Up for 3,311 SF
Gross rent
$52.8K $15.96/SF
− Vacancy
−$4.2K −$1.28/SF
EGI
$48.6K $14.68/SF
− OpEx
−$12.2K −$3.67/SF
NOI
$36.5K $11.01/SF
Area
Floyd County, GA
Vacancy
8.00%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$729,240
Cap Rate 7%
$520,886
Cap Rate 9%
$405,133
Alternative Uses
Best Use
Specialty Retail
$520.9K
$455.8K – $607.7K
NOI $36,462 @ 7.0% cap · market cap 4.56%
Second Best
Retail
$295.1K
$258.3K – $344.3K
NOI $20,660 @ 7.0% cap · market cap 2.58%
Theoretical Best
Healthcare Medical
$548.6K
$480.1K – $640.1K
NOI $38,405 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
357
Businesses Nearby
Balanced
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- LUCKY'S FOOD MART — 107 E 12th St SE, Rome, GA 30161
- Diversitex — at, GA-101 & E 4th St, Rome, GA 30161
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Established convenience store with additional leasable area, parking, and frontage along two streets.
Where is this grocery and convenience store located?
The property is located at E 12th Street Rome, GA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Operating convenience store with additional leasable space under roof; 3,311‑square‑foot building on 1.21 acres; Three parcels fronting two streets
