Three-Story Mixed-Use
For Sale
$465,000
14 , Rome, GA 30161
Historic commercial property with a ground-level storefront and upper floors suited to flexible redevelopment.
Property Size1,875 SF
Price / SF$140.91
Days on Market74
Property Features for 14
General Information
Standard status
Active
Size
1,875 SF
Total Parking Spaces
2
Property subtype
Commercial
Amenities
0.041 acres, Level
Public Sewer
Parcel Number: I16Z 105, Annual Amount: $5,000, Year: 2025
Listing ID: 10831778, Standard Status: Active, MLS Status: Active, On market as of 2026-08-24, 29 days on market, Special Conditions: Agent/Seller Relationship
2 total parking spaces, Parking Lot
Built in 1875, Construction Materials: Brick
County/Parish: Floyd
Fixer
None, Water Source: Public
Building Details
Building Size
1,875 SF
Year Built
1875
Stories
3
Construction
brick
Listing Agency:
Realty One Group Edge
(678) 909-7709
Listed By:
Michelle Cochran · License #350547
(706) 307-3570
Source:
Blackstreaminternational
Added: Jul 26
Changed: Oct 6
Last Checked: Oct 5 at 6:57PM
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 Realty One Group Edge
Investment Insights
Based on property information with market context.
Built in 1875, this three-story mixed-use property provides approximately 3,300 square feet across three levels, with about 1,100 square feet on each floor. The ground level is configured for commercial use, while the upper floors offer space for residential or additional commercial buildout. Ceiling heights measure approximately 12'2" on the first floor, 11'8" on the second, and 10'10" on the third.
The property is undergoing a substantial interior reset, including removal of plaster, ceilings, asbestos, and prior flooring, installation of new subflooring, rough-framed interior stairs, structural separation between units, a new insulated roof, and two electrical meters. A new storefront, exterior door, window sashes, gutters, downspouts, and fire sprinkler line are also planned or in progress. Two rear parking spaces are included. Projected completion is summer 2026.
The property is undergoing a substantial interior reset, including removal of plaster, ceilings, asbestos, and prior flooring, installation of new subflooring, rough-framed interior stairs, structural separation between units, a new insulated roof, and two electrical meters. A new storefront, exterior door, window sashes, gutters, downspouts, and fire sprinkler line are also planned or in progress. Two rear parking spaces are included. Projected completion is summer 2026.
Key Highlights
- Approx. 1,100 sq. ft. per floor, totaling over 3,300 sq. ft. per building
- Three levels with ceiling heights of 12'2", 11'8", and 10'10"
- Ground‑floor commercial unit with upper‑floor residential or commercial potential
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,670
Cap Rate
7.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$653,400
$653.4K
Cap Rate 7%
$466,714
$466.7K
Cap Rate 9%
$363,000
$363.0K
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$59.4K $18.00/SF
− Vacancy
−$7.1K −$2.16/SF
EGI
$52.3K $15.84/SF
− OpEx
−$19.6K −$5.94/SF
NOI
$32.7K $9.90/SF
Area
Floyd County, GA
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$653,400
Cap Rate 7%
$466,714
Cap Rate 9%
$363,000
Alternative Uses
Best Use
Mixed Use
$466.7K
$408.4K – $544.5K
NOI $32,670 @ 7.0% cap · market cap 7.03%
Second Best
Retail
$294.2K
$257.4K – $343.2K
NOI $20,592 @ 7.0% cap · market cap 4.43%
Theoretical Best
Healthcare Medical
$546.8K
$478.5K – $638.0K
NOI $38,277 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
456
Businesses Nearby
1k
Monthly Visits Nearby
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Historic commercial property with a ground-level storefront and upper floors suited to flexible redevelopment.
Where is this mixed-use property located?
The property is located at 14 Rome, GA.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Approx. 1,100 sq. ft. per floor, totaling over 3,300 sq. ft. per building; Three levels with ceiling heights of 12'2", 11'8", and 10'10"; Ground‑floor commercial unit with upper‑floor residential or commercial potential
