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Property profile & analytics
OFF-MARKET
Office Spaces
405 Cedar SW Ave Rome, GA 30161
Entity Owned
2-yr Hold
Free & Clear
Property ID
US22-2190226
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1980
Construction
WOOD FRAME
Total area
10,772 SF
Lot
1 ac (43,560 SF)
Zoning code
L-I
APN
J14N- -004 -
UPID
US22-2190226
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
405 Cedar Avenue LLC · 2 yrs held
405 Cedar Avenue LLC
since 2024
Last sale
$400,000
7 recorded transactions
Zoning & alternative use
L-I · Rome, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,365
Tax year 2023
Assessed value
$152,796
Assessed 2023
Previous assessed
$152,796
+0.0% YoY
Effective rate
3.51%
On assessed value
Assessed land
$21,408
Assessed improvement
$131,388
Land market value
$53,519
Improvement market value
$328,470
Total market value
$381,989
Applied tax rate
1.0000
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
1980
Construction
WOOD FRAME
Heating
NONE
Total area
10,772 SF
Lot
1 ac (43,560 SF)
Zoning code
L-I
APN
J14N- -004 -
UPID
US22-2190226
Jurisdiction
FLOYD
Zoning & alternative use
L-I · Rome, GA
Zoning L-I · permitted uses
L-I · 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.
Building & site characteristics
From public records
Year built
1980
Construction
WOOD FRAME
Heating
NONE
Lot
1 ac
Current owner
From public records · entity-resolved
405 Cedar Avenue LLC
Entity
Free & Clear · 2 yrs held
Mailing address
405 CEDAR AVE SW, ROME, GA 30161
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2024
$400,000
405 Cedar Avenue LLC
D&l Evans Family Ltd Partnership
Warranty Deed
—
Dec 30, 2021
—
D & L Evans Family Limited Partners
Evans Grading Co INC
Warranty Deed
—
Sep 6, 2016
—
Evans Grading Co INC
—
Deed
related
$3,500,000 · River Cty Bk
Aug 13, 2013
—
Evans Grading Co
—
Trustees Deed
related
$3,300,000 · River City Bank
Jun 17, 2013
—
Evans Grading Co
—
Trustees Deed
related
$3,300,000 · River City Bank
—
—
Evans,grading Co
—
Deed Of Trust
related
—
—
—
Evans Grading Co INC
—
Deed Of Trust
related
$3,250,000 · River Cty Bk
—
—
Evans Grading Co INC
—
Loan Modification
related
$3,500,000 · River Cty 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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