Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2 2nd Ave Rome, GA 30161
    Back to Search
    Property profile & analytics

    2 2nd Ave, Rome, GA 30161

    View on Map
    • Office Spaces
    • 920 SF
    • 0.03 lot acres
    Off-Market
    Last Sale Mar 1, 2024
    $149,900
    Property ID
    US22-2115583
    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

    • Office Spaces

    Property Details for 2 2nd Ave

    Year built
    1901
    Construction
    WOOD
    Lot size
    0.03 lot acres
    Zone code
    C-B-C
    Property type
    Office Spaces
    APN
    J14D- -083 -
    APU
    J14D083

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 1, 2024 — Daniele Petkovicz Tedesco David Andrew Tedesco Quit Claim Deed · related —
    May 7, 2021 — Daniele Petkovicz Tedesco David Andrew Tedesco Warranty Deed · related —
    Jul 24, 2013 — Roger Warde Tedesco,david A Quit Claim Deed · related —
    Jul 16, 2013 — Roger Wade Tedesco,david A Grant Deed · related —
    Jul 23, 2012 $149,900 David A Tedesco Gentle,kenneth L & Nanita C Warranty Deed $123k · River City Bank
    Jun 27, 2012 $149,900 David A Tedesco Gentle,kenneth L Grant Deed —
    Apr 27, 2007 $157,000 Kenneth L Gentle Lee,christopher S Grant Deed $126k · Heritage First Bank
    — — David A Tedesco — Deed Of Trust · related $123k · River City Bank
    — — Pamela J Yandle — Deed Of Trust · related $12k · Washington Mutual Fsb
    — — David A Tedesco — Loan Modification · related $51k · River Cty Bk

    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
    -85.1743
    Latitude
    34.2523
    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
    2023
    $3,221
    $10,618
    $77,354
    $87,972
    -
    $26,544
    $193,384
    $219,928

    Comparable in this City

    • Value Estimation by Request
      4,396 SF

      96 Callahan St

      Office Units
      96 Callahan St, Rome, GA 30161
      View Details
    • Value Estimation by Request
      2,108 SF

      333 Branham SW Ave

      OFFICE (GENERAL)
      333 Branham SW Ave, Rome, GA 30161-4407
      View Details
    • Value Estimation by Request
      896 SF

      Harvey St

      OFFICE (GENERAL)
      Harvey St, Rome, GA 30161
      View Details
    • Value Estimation by Request
      2,240 SF

      923 1st NE St

      OFFICE (GENERAL)
      923 1st NE St, Rome, GA 30161-5225
      View Details
    • Value Estimation by Request
      936 SF

      1407 2nd SE Ave

      OFFICE (GENERAL)
      1407 2nd SE Ave, Rome, GA 30161-6462
      View Details
    • Value Estimation
      $4,445,000
      25,855 SF

      180 Burlington NE Rd

      OFFICE (GENERAL)
      180 Burlington NE Rd, Rome, GA 30161-9815
      View Details

    Similar Nearby for Sale

    • $145,000
      2.65 Acres

      Land Near Braves Stadium

      2.65 acre parcel suitable for office or institutional use.
      Cypress St, Rome, GA 30161
      View Details
    • $145,000
      2.65 Acres

      Land Near Braves Stadium

      2.65 acre parcel suitable for office or institutional use.
      Cypress St, Rome, GA 30161
      View Details
    • $1,299,000
      Pending

      Downtown Rome Commercial Building

      Versatile commercial building in downtown Rome with on-site parking.
      1 Innovation Way, Rome, GA 30161
      View Details
    • New
      $375,000
      3,000 SF

      Flex Space with Fenced Yard

      Former office/recording studio with garage unloading access and fenced lot, zoned for C-3 compatible uses.
      12 Commerce Ct, Rome, GA 30161
      View Details
    • Contact for pricing
      5,451 SF

      Downtown Rome Commercial Building

      5,451 SF mixed-use building in downtown Rome, Georgia.
      1 Innovation Way, Rome, GA 30161
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space For Rent

      4400 sq ft office space with utilities included.
      800 Broad Street Ext, 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
    • $4,400 /Mo
      69,260 SF

      Office Space in Rome, GA

      Office space for rent with utilities included in Rome.
      800 Broad Street Ext, Rome, GA 30161
      View Details
    • $17 SF/Yr
      36,521 SF

      Downtown Rome Office Suite

      2,660 SF office suite in the heart of Rome.
      701 Broad Street Ext, Rome, GA 30161
      View Details
    • Contact for pricing
      68,000 SF

      Office Space with Covered Entrance

      Office space available for rent with covered entrance and bathroom.
      409 E 1St Ave, Rome, GA 30161
      View Details
    • $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
    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.
    2 2nd Ave
    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

    Thank You for Inquiry
    2 2nd Ave, 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!