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    Industrial Redevelopment Building with Access Road Title is generated by Realmo AI

    Riverside Industrial Park Boulevard, Rome, GA 30161

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    Claim this Listing
    New
    For Sale
    $149,900

    COMMERCIAL - Rome, GA

    Property size:
    2,000 SF
    Lot size:
    0.27 Acres
    Price / SF:
    $74/SF
    Added:
    Jun 5, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 5 at 10:06 pm

    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
    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

    We can help!

    Listing Contact
    Michelle Cochran
    Michelle Cochran

    Listing agent Michelle Cochran

    Listing office Realty One Group Edge 790 Market St., Woodstock, GA

    Listing date Jun 5, 2026

    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.

    HighLights

    • Built in 1950 with block construction and cement/metal siding
    • Metal roof and chain‑link fencing on the property
    • Interior features include beamed ceilings and high ceilings (10+ ft)
    • Approx. 75‑ft‑tall industrial structure with over 3,000 sq ft of potential
    • Utilities: public water and public sewer
    • Includes a privately owned access road: Riverside Industrial Park East; current survey available

    Overview

    The offering is an industrial property suited for redevelopment, featuring a brick-and-steel structure with a reported height of approximately 75 feet. The site is positioned on a 0.27-acre lot and includes privately owned access road infrastructure identified as Riverside Industrial Park East. A current survey is available, which can help streamline due diligence for future site planning and improvements. The property is described as having over 3,000 square feet of potential for a new layout and use.

    Located in Rome, Georgia (Floyd County), the building is described in the listing materials as being just minutes from Downtown Rome. The address is Riverside Industrial Park Boulevard, Rome, GA 30161. Zoning is listed as LI, aligning the property with industrial-oriented development concepts.

    For developers, builders, and owner-operators, the combination of a distinctive industrial shell and private access road may support a range of redevelopment directions, subject to applicable approvals under LI zoning. Prospective tenants or buyers can evaluate the existing structure and site access for potential creative office, mixed-use, or hospitality concepts, as mentioned in the remarks, while confirming feasibility during planning and permitting.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Map

    City
    Rome
    County
    Floyd
    State
    Georgia
    Longitude
    -85.169345
    Latitude
    34.276994

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    FAQs

    What type of property is this?
    Manufacturing property - Industrial building with brick-and-steel character and a privately owned access road for controlled site access.
    Where is this manufacturing 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: Built in 1950 with block construction and cement/metal siding; Metal roof and chain‑link fencing on the property; Interior features include beamed ceilings and high ceilings (10+ ft)
    (678) 909-7709
    We can help!
    Listing Contact
    Michelle Cochran
    Michelle Cochran
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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