Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    15 Commerce SE Ct Rome, GA 30161-6848
    Back to Search
    Property profile & analytics

    15 Commerce SE Ct Rome, GA 30161-6848

    View on Map
    • Warehouses
    • 7,980 SF
    • 0.63 lot acres
    Off-Market
    Last Sale Jun 3, 2022
    $399,900
    Property ID
    US22-2292163
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Elite Tool & Die LLC / Industrial Manufacturer
    • EMS of Georgia / Ambulance Service
    • Guardian Garage Floors of Rome / General Contractor / Renovation Specialist

    Property Details for 15 Commerce SE Ct

    Year built
    1973
    Construction
    STEEL FRAME
    Lot size
    0.63 lot acres
    Property size
    7,980 SF
    Zone code
    H-C
    Property type
    Warehouses
    APN
    J15W- -251 -
    APU
    J15W251

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Rome
    County
    Floyd
    State
    Georgia
    Longitude
    -85.1607
    Latitude
    34.2238
    CBSA code
    40660
    CBSA name
    ROME, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $4,313
    $15,246
    $106,551
    $121,797
    -
    $38,115
    $266,377
    $304,492

    Comparable in this City

    • Value Estimation by Request
      5,800 SF

      83 Thomas NE Rd

      WAREHOUSE, STORAGE • 5,800 SF
      83 Thomas NE Rd, Rome, GA 30161-8247
      View Details
    • Value Estimation by Request
      3,780 SF

      139 Moran Lk NE Rd

      WAREHOUSE, STORAGE • 3,780 SF
      139 Moran Lk NE Rd, Rome, GA 30161-7767
      View Details
    • Value Estimation by Request
      1,800 SF

      Nn Ave

      WAREHOUSE, STORAGE • 1,800 SF
      Nn Ave, Rome, GA 30161
      View Details
    • Value Estimation by Request
      9,000 SF

      Nn Ave

      WAREHOUSE, STORAGE • 9,000 SF
      Nn Ave, Rome, GA 30161
      View Details
    • Value Estimation by Request
      7,000 SF

      99 Nn NE Ave

      WAREHOUSE, STORAGE • 7,000 SF
      99 Nn NE Ave, Rome, GA 30161-5051
      View Details
    • Value Estimation by Request
      2,250 SF

      6 Riverside Industrial NE Park

      WAREHOUSE, STORAGE • 2,250 SF
      6 Riverside Industrial NE Park, Rome, GA 30161-7301
      View Details

    Similar Nearby for Sale

    • $895,000
      Pending

      Industrial Building with Office Space

      19,500 SF building with warehouse and office space for sale.
      31 June St, Rome, GA 30161
      View Details
    • Contact for pricing

      La Quinta Inn & Suites

      La Quinta Inn & Suites in Rome, Georgia for sale.
      15 Chateau Dr SE, Rome, GA 30161
      View Details
    • $828,800
      141.55 Acres

      Rome, GA Land Opportunity

      Versatile 141.55-acre tract with pasture, timber, and live water.
      Livingston Rd, Rome, GA 30161
      View Details
    • $469,900
      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
    • $75,000
      2.71 Acres

      Land in Rome, Georgia

      2.71 acres of land with creek near Downtown Rome.
      Walker Mountain Rd SW, Rome, GA 30161
      View Details
    • $55,000
      0.68 Acres

      Land with Mature Trees

      Four lots with building potential near Rome, Georgia.
      Calhoun Rd NE, Rome, GA 30161
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      568,516 SF

      Rome GA Warehouse Space

      Available warehouse space in Rome, Georgia totaling 568516 square feet.
      212 Burlington Rd NE, Rome, GA 30161
      View Details
    • $20 SF/Yr
      68,000 SF

      Renovated Cotton Warehouse Available

      Renovated commercial space in Rome, GA, starting at $20/sqft.
      314 E 1St Ave, Rome, GA 30161
      View Details
    • $20 SF/Yr
      68,000 SF

      Renovated Cotton Warehouse Available

      Renovated warehouse with buildout, wooden beams, and tongue-and-groove roof.
      314 E 1St Ave, 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
    • $6,000 /Mo
      6,250 SF

      Warehouse with Offices and Apartment

      Versatile commercial building with warehouse, offices, and apartment for rent.
      1902 Parrish Dr, 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.
    15 Commerce SE Ct
    Rome, GA 30161-6848
    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

    Thank You for Inquiry
    15 Commerce SE Ct, Rome, GA, 30161
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!