Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3005 Martha Berry NW Hwy Rome, GA 30165-8650

    • Motels
    • 5,720 SF
    • 1.85 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-2385649
    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

    • Budget Inn / Hotel & Motel

    Property Details for 3005 Martha Berry NW Hwy

    Year built
    1963
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.85 lot acres
    Property size
    5,720 SF
    Zone code
    C-C
    Property type
    Motels
    APN
    J12X- -033 -
    APU
    J12X033

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Rome
    County
    Floyd
    State
    Georgia
    Longitude
    -85.1737
    Latitude
    34.3086
    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
    $9,042
    $247,909
    $67,466
    $315,375
    -
    $619,773
    $168,664
    $788,437

    Comparable in this City

    • Value Estimation by Request
      3,214 SF

      1803 Martha Berry NW Blvd

      MOTEL • 3,214 SF
      1803 Martha Berry NW Blvd, Rome, GA 30165-1625
      View Details
    • Value Estimation
      $875,000
      5,640 SF

      1204 Martha Berry NE Blvd

      MOTEL • 5,640 SF
      1204 Martha Berry NE Blvd, Rome, GA 30165-1614
      View Details
    • Value Estimation by Request
      9,063 SF

      1201 Martha Berry NW Blvd

      MOTEL • 9,063 SF
      1201 Martha Berry NW Blvd, Rome, GA 30165-1645
      View Details
    • Value Estimation by Request
      1,344 SF

      3158 Martha Berry NE Hwy

      MOTEL • 1,344 SF
      3158 Martha Berry NE Hwy, Rome, GA 30165-7710
      View Details
    • Value Estimation by Request
      4,191 SF

      3189 Martha Berry NW Hwy

      MOTEL • 4,191 SF
      3189 Martha Berry NW Hwy, Rome, GA 30165-7702
      View Details
    • Value Estimation by Request
      9,536 SF

      3471 Martha Berry NW Hwy

      MOTEL • 9,536 SF
      3471 Martha Berry NW Hwy, Rome, GA 30165-8652
      View Details

    Similar Nearby for Sale

    • $750,000
      1.08 Acres

      Extended-Stay Motel Investment Opportunity

      High-visibility motel with income and value-add potential on 1.08 acres.
      3158 Martha Berry Hwy NE, Rome, GA 30165
      View Details
    • New
      $575,000
      12.27 Acres

      Commercial Land with RV Park Potential

      12.27-acre commercial property with special use permit for RV park.
      3105 Alabama Hwy, Rome, GA 30165
      View Details
    • $120,000
      1.35 Acres

      Prime Rome Commercial Land

      1.35 Acres, High Traffic Area
      Alabama Hwy, Rome, GA 30165
      View Details
    • $215,000
      0.04 Acres

      Rome, GA Multi-Family Property

      Multi-family property in Rome, GA, close to shops and restaurants.
      21 Sweetspire, Rome, GA 30165
      View Details
    • $249,900
      7.32 Acres

      Industrial Land on Technology Parkway

      7.32 acres of level, light industrial land for development.
      Technology Pkwy, Rome, GA 30165
      View Details
    • $690,000
      28.00 Acres

      28 Acres of Virgin Forest

      28 acres of recreation land with magnificent views in Rome.
      Featherston Rd, Rome, GA 30165
      View Details

    Similar Nearby for Lease

    • $1,695 /Mo

      New Townhome Near Shorter University

      New 3 bedroom, 2.5 bathroom townhome near Shorter University.
      1005 N 2Nd Ave 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
    • Contact for pricing
      120,754 SF

      Armuchee Village Shopping Center

      Retail space for lease; prime Rome, GA location.
      3365 Martha Berry Blvd, 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
    • $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
    • 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
    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.
    3005 Martha Berry NW Hwy
    Rome, GA 30165-8650
    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.