Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    96 Callahan St Rome, GA 30161

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    96 Callahan St Rome, GA 30161

    View on Map
    • Retail properties & Spaces
    • 4,300 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Molecular Genetic Resources / Research Institute
    • Magnolia Foundation / Charitable Organization / Social Service Agency
    • Northwest Ga Regional Cancer Coalition / Medical Clinic

    Property Details for 96 Callahan St

    Year built
    1950
    Property size
    4,300 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional 4,300-square-foot retail space, located at 96 Callahan Street in Rome, Floyd County, presents a unique opportunity for a single-tenant business. Situated on a generous 2.76-acre lot, this property offers ample space for both storefront operations and potential expansion. Built in 1950, the building is currently vacant and ready for immediate occupancy. The entire 4,300 square feet is available for lease, providing a blank canvas for a discerning tenant to create their ideal retail environment. The property's substantial lot size offers significant potential for outdoor displays, parking, or future development. Its location in Rome, within Floyd County, provides access to a thriving local market and convenient transportation links. This is an excellent opportunity to establish a strong retail presence in a desirable area. The property's size and location make it suitable for a wide range of retail businesses, from smaller boutiques to larger-scale operations. The absence of existing tenants allows for complete customization and design flexibility, enabling a business to create a space perfectly tailored to its specific needs and brand identity. This is a rare opportunity to secure a substantial retail space in a prime location. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Rome
    County
    Floyd
    State
    Georgia
    Longitude
    -85.1541
    Latitude
    34.2654

    Comparable in this City

    • Value Estimation by Request
      1.00 Acre

      304 North Ave

      Automotive properties • 1.00 Acre
      304 North Ave, Rome, GA 30161
      View Details
    • Value Estimation by Request
      8,495 SF

      407-409 Broad St

      Land • 8,495 SF
      407-409 Broad St, Rome, GA 30161
      View Details
    • Value Estimation by Request
      16.56 Acres

      1644 Wayside Rd

      Land • 16.56 Acres
      1644 Wayside Rd, Rome, GA 30161
      View Details
    • Value Estimation by Request
      1,272 SF

      2112 Kingston SE Hwy

      NURSERY, GREENHOUSE, FLORIST • 1,272 SF
      2112 Kingston SE Hwy, Rome, GA 30161-8613
      View Details
    • Value Estimation by Request
      3,600 SF

      6 3Rd Ave

      Retail properties & Spaces • 3,600 SF
      6 3Rd Ave, Rome, GA 30161
      View Details
    • Value Estimation by Request

      for Sale- Any Concept! Fully Equipped Restaurant With Real Est

      Restaurants
      for Sale- Any Concept! Fully Equipped Restaurant With Real Est, Rome, GA 30161
      View Details

    Similar Nearby for Sale

    • $550,000
      4.07 Acres

      Prime Commercial Land on Highway

      4-acre commercial parcel on high-traffic Highway 411 in Rome, GA.
      1246 Highway 411, Rome, GA 30161
      View Details
    • $229,000
      0.07 Acres

      Prime Commercial Land in Rome, GA

      Two adjoining parcels with high visibility on North Broad Street.
      1401 N Broad St NE, Rome, GA 30161
      View Details
    • $134,900

      Renovated Commercial Property, High-Traffic Location

      Fully renovated commercial property with flexible floor plan in Rome, Georgia.
      2113 Maple Ave Southwest, Rome, GA 30161
      View Details
    • $269,000
      1,067 SF

      Commercial Property Near Maple Avenue

      Commercial property in East Rome near upcoming park redevelopment.
      1306 Maple Ave SW, Rome, GA 30161
      View Details
    • $1,450,000
      9,300 SF

      Prime Shopping Center Near Downtown

      Fully leased shopping center near downtown Rome, Georgia.
      1012 N Broad St NE, Rome, GA 30161
      View Details
    • Contact for pricing
      8,500 SF

      Dollar General NNN Investment Property

      NNN Dollar General in Rome, GA with below-market rent.
      1816 Dean Ave, Rome, GA 30161
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo
      3,341 SF

      Downtown Rome Commercial Opportunity

      3,341 sq ft building in the heart of Broad Street.
      318 Broad Street Ext, Rome, GA 30161
      View Details
    • $6,834 /Mo
      2,000 SF

      Retail Space with Drive-Thru

      2,000 SF retail space with drive-thru in Rome, GA.
      672 Braves Blvd, Rome, GA 30161
      View Details
    • $2,500 /Mo
      1,638 SF

      Retail Space in Rome, GA

      Commercial space for lease with high visibility and traffic.
      408 S Broad St, Rome, GA 30161
      View Details
    • $20 SF/Yr
      68,000 SF

      Renovated Cotton Warehouse Available

      Renovated warehouse with buildout, wooden beams, and tongue & groove.
      314 E 1St Ave, Rome, GA 30161
      View Details
    • $2,200 /Mo
      68,000 SF

      Office Space in Rome, GA

      Office space available for rent in Rome, Georgia.
      409 E 1St Ave, Rome, GA 30161
      View Details
    • $20 SF/Yr
      68,000 SF

      Renovated Cotton Warehouse Available

      Renovated warehouse with buildout available for rent in Rome.
      314 E 1St Ave, Rome, GA 30161
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    96 Callahan St
    Rome, GA 30161
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!