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

    2617 Shorter SW Ave Rome, GA 30165-8200

    • Office Properties & Spaces
    • 1,021 SF
    • 1.54 lot acres
    OFF-MARKET
    Value Estimations
    $210,000
    Show details
    Cap Rate Potential
    4.2%
    Office Properties & Spaces
    Location Intelligence
    Property ID
    US22-2734574
    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.

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 2617 Shorter SW Ave

    Year built
    1997
    Construction
    WOOD FRAME
    Lot size
    1.54 lot acres
    Property size
    1,021 SF
    Zone code
    C-C
    Property type
    Office Properties & Spaces
    APN
    G13W- -587 -
    APU
    G13W587

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $245,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $170,000
      6.5%
      $155,000
      7%
      $145,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $226,000
      Market price range: $65.4k - $226k
      AI Estimate
      $200,000
      Market price range: $53.0k - $201k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $150,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Rome
    County
    Floyd
    State
    Georgia
    Longitude
    -85.2505
    Latitude
    34.2707
    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
    $3,175
    $94,024
    $16,704
    $110,728
    -
    $235,060
    $41,760
    $276,820

    Comparable in this City

    • Value Estimation
      $250,000
      2,384 SF

      506 Ave A SW A

      OFFICE (GENERAL) • 2,384 SF
      506 Ave A SW A, Rome, GA 30165-2879
      View Details
    • Value Estimation
      $240,000
      1,400 SF

      245 5th SW Ave

      OFFICE (GENERAL) • 1,400 SF
      245 5th SW Ave, Rome, GA 30165-2849
      View Details
    • Value Estimation
      $220,000
      1,250 SF

      243 5th SW Ave

      OFFICE (GENERAL) • 1,250 SF
      243 5th SW Ave, Rome, GA 30165-2849
      View Details
    • Value Estimation
      $215,000
      288 SF

      Alabama Hwy

      OFFICE (GENERAL) • 288 SF
      Alabama Hwy, Rome, GA 30165
      View Details
    • Value Estimation
      $225,000
      280 SF

      1 Burnett Fry SW Rd

      OFFICE (GENERAL) • 280 SF
      1 Burnett Fry SW Rd, Rome, GA 30165-3701
      View Details
    • Value Estimation
      $235,000
      448 SF

      Old Summerville Rd

      OFFICE (GENERAL) • 448 SF
      Old Summerville Rd, Rome, GA 30165
      View Details

    Similar Nearby for Sale

    • $120,000

      Prime Rome, GA Commercial Land

      Vacant Land, Zoned Commercial, $120,000
      3726 Martha Berry Hwy, Rome, GA 30165
      View Details
    • $399,000
      4.49 Acres

      Prime Rome, GA Commercial Land

      4.49 Acres, Medical Office Approved
      4300 Martha Berry Hwy, Rome, GA 30165
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    • $350,000
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      Commercial Property in West Rome

      0.73-acre lot with office/retail space and service bay.
      36 W Butler St NW, Rome, GA 30165
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    • $847,000
      8,142 SF

      Freestanding Office Building in Rome

      8,000 SF office building in Rome's business and healthcare corridor.
      103 Watson St NW, Rome, GA 30165
      View Details
    • $3,200,000
      18,768 SF

      Medical/Office Investment Opportunity in Rome

      18,768 SF medical office building near Atrium Health Floyd.
      315 W 10Th St, Rome, GA 30165
      View Details
    • $695,000
      18,088 SF

      Rome Commercial Printing Business Building

      18,088 SF building suitable for commercial printing business.
      6 Redmond Ct NW, Rome, GA 30165
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      3,606 SF

      Spacious Office Space in Rome

      Versatile office complex with ten offices and detached workshop.
      3086 Martha Berry Hwy NE, Rome, GA 30165
      View Details
    • $2,400 /Mo
      1,624 SF

      Office Space on Shorter Avenue

      Office space for lease with parking and recent upgrades.
      705 Shorter Ave SW, Rome, GA 30165
      View Details
    • $2,200 /Mo
      1,682 SF

      Retail/Office Space in Rome, GA

      Corner lot suitable for retail or office in Rome, GA.
      219 W 6Th St SW, Rome, GA 30165
      View Details
    • Contact for pricing
      109,823 SF

      Prime Medical Office Space Available

      Floyd Medical Center Campus, 16,527 SF Available
      330 Turner Mccall Blvd, Rome, GA 30165
      View Details
    • $1,000 /Mo
      1,200 SF

      Office Space in Rome, GA

      1,200 SF office space with conference room and offices.
      1838 Redmond Cir NW, 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
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    Rome, GA 30165-8200
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    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
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