Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    2205 Shorter SW Ave Rome, GA 30165-2030
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2205 Shorter SW Ave Rome, GA 30165-2030

    View on Map
    • Retail space
    • 6,972 SF
    • 0.48 lot acres
    Off-Market
    Property ID
    US22-2143358
    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
    $510,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • UPS Access Point location / Courier Service / Postal Service
    • Advance Auto Parts / Auto Parts Store

    Property Details for 2205 Shorter SW Ave

    Year built
    1993
    Construction
    WOOD
    Lot size
    0.48 lot acres
    Property size
    6,972 SF
    Zone code
    C-C
    Property type
    Retail space
    APN
    H13W- -404 -
    APU
    H13W404

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $725,000
      6.5%
      $670,000
      7%
      $620,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $658,000
      Market price range: $414k - $1.39M
      AI Estimate
      $430,000
      Market price range: $251k - $901k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $835,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Rome
    County
    Floyd
    State
    Georgia
    Longitude
    -85.2269
    Latitude
    34.2708
    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
    $7,487
    $67,200
    $146,008
    $213,208
    -
    $168,000
    $365,021
    $533,021

    Comparable in this City

    • Value Estimation by Request
      2,450 SF

      3768 Alabama NW Hwy

      RETAIL STORES (PERSONAL SERVICES) • 2,450 SF
      3768 Alabama NW Hwy, Rome, GA 30165-8809
      View Details
    • Value Estimation by Request
      454 SF

      502 Ave A SW A

      RETAIL STORES (PERSONAL SERVICES) • 454 SF
      502 Ave A SW A, Rome, GA 30165-2882
      View Details
    • Value Estimation by Request
      2,300 SF

      251 5th SW Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,300 SF
      251 5th SW Ave, Rome, GA 30165-2849
      View Details
    • Value Estimation by Request
      3.30 Acres

      2435 Shorter Ave

      Individual retail properties • 3,000 SF
      2435 Shorter Ave, Rome, GA 30165
      View Details
    • Value Estimation
      $660,000
      7,624 SF

      1000 Shorter NW Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,624 SF
      1000 Shorter NW Ave, Rome, GA 30165-4054
      View Details
    • Value Estimation by Request
      1,670 SF

      300 5th SW Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,670 SF
      300 5th SW Ave, Rome, GA 30165-2838
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,450 SF

      Freestanding Retail Building on Shorter

      4,125 SF retail building on 1.09 acres for sale.
      2219 Shorter Ave SW, Rome, GA 30165
      View Details
    • $850,000
      2.00 Acres

      Prime Commercial Tract on Shorter

      2.00 acre commercial tract with excellent flexibility and accessibility.
      2604 Shorter Ave NW, Rome, GA 30165
      View Details
    • $600,000
      2,400 SF

      Retail Opportunity on Shorter Avenue

      Retail property with high potential in Rome, Georgia.
      2560 Shorter Ave NW, Rome, GA 30165
      View Details
    • New
      $818,131
      7,448 SF

      Commercial Building on Highway 27

      7,448 SF commercial building on 2.14 acres in Rome, GA.
      4065 Martha Berry Hwy, Rome, GA 30165
      View Details
    • Contact for pricing
      3,346 SF

      Versatile Commercial Building on Highway

      3,400 SF commercial building on 1-acre corner lot.
      4729 Alabama Hwy, Rome, GA 30165
      View Details
    • $425,000
      4,248 SF

      Versatile Commercial Building on Highway

      4,200+ sq ft commercial building with high visibility.
      3964 Martha Berry Hwy NE, Rome, GA 30165
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,718 SF

      Retail Space in Publix-Anchored Center

      Retail space in Rome, GA, near major employers and university.
      435 Turner Mccall Blvd NE, Rome, GA 30165
      View Details
    • $5,333 /Mo
      2,000 SF

      Prime Retail Space in Rome

      2,000 SF retail space in the Nova River District.
      338 W 3Rd St, Rome, GA 30165
      View Details
    • $2,666 /Mo
      1,000 SF

      Retail Space in Nova River District

      1,000 SF retail space in a vibrant mixed-use development.
      338 W 3Rd St, Rome, GA 30165
      View Details
    • Contact for pricing

      Freestanding Building on Shorter Avenue

      Freestanding retail building in a high-traffic location.
      618 Shorter Ave NW, Rome, GA 30165
      View Details
    • Contact for pricing

      Retail Spaces in Food Lion Center

      Retail spaces available in Food Lion and CVS Center.
      3365 Martha Berry Blvd NE, Rome, GA 30165
      View Details
    • New
      $1,700 /Mo
      35,284 SF

      Retail/Office Space Near Mall

      Available retail/office space in high-traffic area near mall.
      2811 Martha Berry Hwy, Rome, GA 30165
      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.
    2205 Shorter SW Ave
    Rome, GA 30165-2030
    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!