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Property profile & analytics
OFF-MARKET
Estimated value
$10,835,000
Office Spaces
1 State Mutual NW Dr Rome, GA 30165-1338
Entity Owned
Free & Clear
Property ID
US22-3595609
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
78,937 SF
Lot
18.61 ac (810,652 SF)
Zoning code
O-I
APN
I12 - -036A -
UPID
US22-3595609
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
State Mutual Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.03M
Comparable Approach
Comparable
$10.94M
Blend (final)
Blend
$10.84M
Owner & transaction history
Dovetel Communications LLC
Dovetel Communications LLC
since 2026
4 recorded transactions
Zoning & alternative use
O-I · Rome, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$16.1M
+48.9%
Medical building
$11.7M
+7.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Rome submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rome submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$13,025,000
6.5%
$12,025,000
7%
$11,165,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$10,835,000
Current use
RESTAURANT
$16,130,000
Change: +49% · Conversion: Difficult
MEDICAL BUILDING
$11,675,000
Change: +8% · Conversion: Easy
RETAIL STORES
$9,475,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$10.84M
Range $9.75M – $11.92M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$137 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$110,144
Tax year 2023
Assessed value
$3,690,290
Assessed 2023
Previous assessed
$3,363,789
+9.7% YoY
Effective rate
2.98%
On assessed value
Assessed land
$405,544
Assessed improvement
$3,284,746
Land market value
$1,013,859
Improvement market value
$8,211,866
Total market value
$9,225,725
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Total area
78,937 SF
Lot
18.61 ac (810,652 SF)
Zoning code
O-I
APN
I12 - -036A -
UPID
US22-3595609
Jurisdiction
FLOYD
Zoning & alternative use
O-I · Rome, GA
Zoning O-I · permitted uses
O-I · Rome, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rome. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$10.8M
RESTAURANT
Est. value
$16.1M
MEDICAL BUILDING
Est. value
$11.7M
RETAIL STORES
Est. value
$9.5M
COMMERCIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Lot
18.61 ac
Current owner
From public records · entity-resolved
Dovetel Communications LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 153, ROME, GA 30162-0153
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2026
$475,000
Dovetel Communications LLC
State Mutual Insurance Company
Warranty Deed
—
Feb 21, 2017
—
State Mutual Ins Co
Life & Health Holdings LLC
Grant Deed
related
—
Jul 22, 2016
—
Deramatran Health Solutions Ll
Rome-floyd County Dev Authorit
Quit Claim Deed
related
—
Jul 22, 2016
$8,183,300
Life & Health Holdings INC
Dermatran Health Solutions LLC
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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