Operating Convenience Store with Lease
New
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 Market2
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: Aug 27 at 3:06AM
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 = 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
$36,462
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
4.56%
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%
$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
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
$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 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%
$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
Property Profile
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
