3365 Martha Berry NW Hwy Rome, GA 30165-8653
Property profile & analytics
3365 Martha Berry NW Hwy, Rome, GA 30165-8653
- Strip malls
- 96,887 SF
- 6.70 lot acres
Property ID
US22-2817580
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.
Location Intelligence
Current Use by Public Records
- Coinstar Kiosk | Bitcoin ATM / Atm / Currency Exchange Service
- Redbox / Cinema / (Bike/Boat/Book/etc) Store
- Western Union / Bank / Credit Union
- Food Lion / Grocery & Convenience Store / Food Market
Property Details for 3365 Martha Berry NW Hwy
- Year built
- 1972
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 6.70 lot acres
- Zone code
- C-C
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- J11Y- -243 -
- APU
- J11Y243
Description
This 120,754 square foot shopping center in Rome, Georgia, presents a compelling value-add investment opportunity. Anchored by a Food Lion and CVS Pharmacy, both tenants for nearly 30 years, the property boasts 11 tenants with 90.99% occupancy and a strong NOI of $575,504, yielding a 9.00% cap rate at an asking price of $6,395,000. Built in 1972 and renovated in 2016, the center sits on a 6.7-acre lot at a high-traffic, signalized intersection. The Food Lion anchor generates approximately $600 per square foot in sales, ranking among the top performers in Georgia. The property features a mix of national and local tenants, with a majority of leases structured as NNN. Significant upside potential exists through three scheduled rent bumps, low current rents, and the possibility of developing future outlot spaces. Approximately 80% of the roof is under warranty until 2036. This well-located, county seat center offers a unique blend of stability and growth potential, priced below replacement cost. The property includes 15 units and is comprised of a mix of credit term and month-to-month tenants. Financial data indicates that this Food Lion location is in the top 26% nationally and is one of the top 5 CVS locations within a 15-mile radius.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $1,025,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,951,000
Market price range: $1.69M - $2.82M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $2,205,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Rome
- County
- Floyd
- State
- Georgia
- Longitude
- -85.1737
- Latitude
- 34.3183
- 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
$61,052
$420,267
$2,085,004
$2,505,271
-
$1,050,667
$5,212,511
$6,263,178
