Industrial Building with Private
For Sale
$149,900
Riverside Industrial Park Boulevard, Rome, GA 30161
Commercial Sale, Rome, GA
Property Size2,000 SF
Lot Size0.27 Acres
Price / SF$74.95
Days on Market92
Property Features for Riverside Industrial Park Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
LI
Parking
4
Interior features
Beamed Ceilings, High Ceilings 10 or Greater
Fencing
Chain Link
Lot features
Industrial Park, Level
View
City
Directions
From Riverside Parkway, turn onto Riverside Industrial Park Dr. Third street on the left. Building is the one next to smoke stacks.
Standard status
Active
Size
2,000 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
203
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1950
Floors in Building
3
Building materials
Block, Cement Siding, Metal Siding
Roof type
Metal
Listing Agency:
Realty One Group Edge
(678) 909-7709
Listed By:
Michelle Cochran
(706) 307-3570
Added: Jun 5
Changed: Aug 19
Last Checked: Sep 4 at 7:06PM
MLS# 7783477
Copyright © 2026 First Multiple Listing Service, Inc. 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 industrial building dates to 1950 and offers a distinctive redevelopment base with block, cement siding, and metal siding construction. The approximately 75-foot-tall structure includes beamed ceilings and ceilings measuring 10 feet or greater, along with a metal roof and chain-link fencing. The property is zoned LI and includes a privately owned access road.
Public water and public sewer serve the site. Its Rome location places the property near Downtown Rome, while the existing industrial form and private access arrangement provide a defined foundation for future redevelopment. A current survey is available.
Public water and public sewer serve the site. Its Rome location places the property near Downtown Rome, while the existing industrial form and private access arrangement provide a defined foundation for future redevelopment. A current survey is available.
Key Highlights
- Approximately 75‑foot‑tall industrial structure
- LI zoning supports industrial property use
- Privately owned access road included
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
$12,184
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
8.13%
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%
$243,680
$243.7K
Cap Rate 7%
$174,057
$174.1K
Cap Rate 9%
$135,378
$135.4K
Market Conditions
NOI Build-Up for 2,000 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
$19.0K $9.48/SF
− Vacancy
−$1.6K −$0.78/SF
EGI
$17.4K $8.70/SF
− OpEx
−$5.2K −$2.61/SF
NOI
$12.2K $6.09/SF
Area
Floyd County, GA
Vacancy
8.20%
Lease Rate
$9.48 /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%
$243,680
Cap Rate 7%
$174,057
Cap Rate 9%
$135,378
Alternative Uses
Best Use
Mixed Use
$282.9K
$247.5K – $330.0K
NOI $19,800 @ 7.0% cap · market cap 13.21%
Second Best
Office B
$234.7K
$205.3K – $273.8K
NOI $16,427 @ 7.0% cap · market cap 10.96%
Theoretical Best
Healthcare Medical
$331.4K
$290.0K – $386.6K
NOI $23,198 @ 7.0% cap · market cap 15.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
190
Businesses Nearby
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - LI-zoned industrial property with substantial ceiling height, masonry construction, and public water and sewer service.
Where is this industrial property located?
The property is located at Riverside Industrial Park Boulevard Rome, GA.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Approximately 75‑foot‑tall industrial structure; LI zoning supports industrial property use; Privately owned access road included
