Three-Story Mixed-Use
For Sale
$575,000
16 , Rome, GA 30161
Renovation work includes a TPO roof, new storefront, Marvin windows, exterior paint, and exposed structural interiors.
Property Size1,875 SF
Price / SF$174.24
Days on Market45
Property Features for 16
General Information
Standard status
Active
Size
1,875 SF
Total Parking Spaces
2
Property subtype
Commercial
Amenities
tall ceilings
0.041 acres, Level
Public Sewer
Parcel Number: I16Z 104, Annual Amount: $5,000, Year: 2025
Listing ID: 10831811, 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
Buildings
1
Stories
3
Construction
brick
Listing Agency:
Realty One Group Edge
(678) 909-7709
Listed By:
Michelle Cochran · License #350547
(864) 920-0303
Source:
Blackstreaminternational
Added: Aug 24
Changed: Oct 6
Last Checked: Oct 5 at 6:09PM
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-level mixed-use property offers approximately 1,100 square feet on each floor, totaling over 3,300 square feet. The first floor is configured for potential retail, office, or restaurant use, while the upper levels can support residential lofts, condominium space, or additional commercial occupancy. Side windows on the second and third floors provide additional natural light, and the upper floors can accommodate a three- to four-bedroom residential layout.
Recent work includes a new 60 mil TPO roof with insulation above the existing roof deck, independent roof and drainage systems planned for each unit, new exterior paint, storefront installation, Marvin windows at the front, a new exterior door and staircase, and a new first-floor subfloor. Interior finishes, ceilings, plaster, and asbestos were removed, leaving exposed joists, rafters, and brick. Two rear parking spaces are included. Projected completion is November 2026.
Recent work includes a new 60 mil TPO roof with insulation above the existing roof deck, independent roof and drainage systems planned for each unit, new exterior paint, storefront installation, Marvin windows at the front, a new exterior door and staircase, and a new first-floor subfloor. Interior finishes, ceilings, plaster, and asbestos were removed, leaving exposed joists, rafters, and brick. Two rear parking spaces are included. Projected completion is November 2026.
Key Highlights
- Approximately 3,300 square feet across three floors, with about 1,100 square feet per floor
- Built in 1875 with retail, office, or restaurant potential on the first floor
- Upper floors can accommodate a three- to four‑bedroom residential layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,670
Cap Rate
5.68%
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 5.68%
Second Best
Retail
$294.2K
$257.4K – $343.2K
NOI $20,592 @ 7.0% cap · market cap 3.58%
Theoretical Best
Healthcare Medical
$546.8K
$478.5K – $638.0K
NOI $38,277 @ 7.0% cap · market cap 6.66%
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 - Renovation work includes a TPO roof, new storefront, Marvin windows, exterior paint, and exposed structural interiors.
Where is this mixed-use property located?
The property is located at 16 Rome, GA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Approximately 3,300 square feet across three floors, with about 1,100 square feet per floor; Built in 1875 with retail, office, or restaurant potential on the first floor; Upper floors can accommodate a three- to four‑bedroom residential layout
