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Property profile & analytics
OFF-MARKET
Estimated value
$2,280,000
Office Spaces
401 Broad St Rome, GA 30161-3030
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US22-2814998
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
25,162 SF
Lot
0.19 ac (8,276 SF)
Zoning code
C-B-C
APN
J14C- -054 -
UPID
US22-2814998
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Merrill Lynch Financial Advisor James P. Orr Financial Advisor
-
Living and Giving (Bike/Boat/Book/etc) Store
-
Cromartie Law Law Firm
-
Dcr Construction Construction Company General Contractor
-
Associates Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.49M
Blend (final)
Blend
$2.28M
Owner & transaction history
Broad Street LLC · 3 yrs held
Broad Street LLC
since 2023
6 recorded transactions
Zoning & alternative use
C-B-C · Rome, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.7M
+14.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Rome submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rome submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,260,000
Current use
MEDICAL BUILDING
$3,720,000
Change: +14% · Conversion: Easy
RETAIL STORES
$2,745,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$2.28M
Range $2.05M – $2.51M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$91 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$21,601
Tax year 2023
Assessed value
$694,089
Assessed 2023
Previous assessed
$694,089
+0.0% YoY
Effective rate
3.11%
On assessed value
Assessed land
$40,141
Assessed improvement
$653,948
Land market value
$100,352
Improvement market value
$1,634,870
Total market value
$1,735,222
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
CENTRAL
Total area
25,162 SF
Lot
0.19 ac (8,276 SF)
Zoning code
C-B-C
APN
J14C- -054 -
UPID
US22-2814998
Jurisdiction
FLOYD
Zoning & alternative use
C-B-C · Rome, GA
Zoning C-B-C · permitted uses
C-B-C · Rome, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rome. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$3.7M
RETAIL STORES
Est. value
$2.7M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Lot
0.19 ac
Current owner
From public records · entity-resolved
Broad Street LLC
Entity
Mailing address
501 E 6TH ST SW, ROME, GA 30161-4760
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2023
—
Broad Street LLC
Elizabeth J Levy
Warranty Deed
—
Jul 19, 2019
—
Elizabeth J Levy
—
Trustees Deed
related
$300,000 · Heritage First Bk
—
—
Elizabeth J Levy
—
Deed Of Trust
related
$61,194 · Synovus Bk
—
—
Elizabeth J Levy
—
Loan Modification
related
$26,995 · Synovus Bank
—
—
Elizabeth J Levy
—
Loan Modification
related
$544,673 · Synovus Bk
—
—
Elizabeth J Levy
—
Deed Of Trust
related
$1,000,000 · Heritage First Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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