Shopping Center Near
For Sale
$1,250,000
Pending
1012 , Rome, GA 30161
The shopping center sits one block from downtown Rome along Broad Street.
Property Size2,007 SF
Days on Market49
Property Features for 1012
General Information
Standard status
Pending
Size
2,007 SF
Property subtype
Commercial
Amenities
1.25 acres, Business Park, City Lot, Corner Lot, Level
Public Sewer
Parcel Number: J13O 079, Annual Amount: $21,422, Year: 2025
Central Air
Central, Natural Gas
Listing ID: 10827097, Standard Status: Pending, MLS Status: Under Contract, On market as of 2026-08-17, Off market as of 2026-08-17
Parking Lot
Built in 2007, Construction Materials: Brick, Stucco
County/Parish: Floyd
Resale
Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Phone Available, Sewer Available, Underground Utilities, Water Available, Water Source: Public, 220 Volts
Close Of Escrow
Building Details
Building Size
2,007 SF
Year Built
2007
Listing Agency:
Hardy Realty & Development Company
(706) 291-4321
Listed By:
Larry E Cagle · License #138923
(864) 920-0303
Source:
Blackstreaminternational
Added: Aug 17
Changed: Oct 3
Last Checked: Oct 2 at 11:23PM
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 Hardy Realty & Development Company
Investment Insights
Based on property information with market context.
This shopping center was built in 2007 and is located at 1012 N Broad Street NE in Rome, Georgia. The property is positioned one block from the heart of downtown Rome, with Broad Street providing the immediate setting.
Key Highlights
- Shopping center property built in 2007
- Located at 1012 N Broad Street NE, Rome, GA 30161
- One block from the heart of downtown Rome
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
$58,031
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
4.64%
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%
$1,160,620
$1.2M
Cap Rate 7%
$829,014
$829.0K
Cap Rate 9%
$644,789
$644.8K
Market Conditions
NOI Build-Up for 9,300 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
$92.6K $9.96/SF
− Vacancy
−$9.7K −$1.05/SF
EGI
$82.9K $8.91/SF
− OpEx
−$24.9K −$2.67/SF
NOI
$58.0K $6.24/SF
Area
Floyd County, GA
Vacancy
10.50%
Lease Rate
$9.96 /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%
$1,160,620
Cap Rate 7%
$829,014
Cap Rate 9%
$644,789
Alternative Uses
Best Use
Retail
$829.0K
$725.4K – $967.2K
NOI $58,031 @ 7.0% cap · market cap 4.64%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.54M
$1.35M – $1.80M
NOI $107,873 @ 7.0% cap · market cap 8.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
456
Businesses Nearby
1k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Beauty & Spa 100%
Merle Norman Cosmetic Studio
Beauty & Spa
1,159 visits/mo
0.5 miles
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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Frequently Asked Questions
What type of property is this?
Shopping center - The shopping center sits one block from downtown Rome along Broad Street.
Where is this shopping center located?
The property is located at 1012 Rome, GA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Shopping center property built in 2007; Located at 1012 N Broad Street NE, Rome, GA 30161; One block from the heart of downtown Rome
