415 Shorter SW Ave Rome, GA 30165-4279
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Estimated value (blended)
$230k
Range $207k – $253k (±10%)
Property ID
US22-2532340
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1917
Construction
WOOD FRAME
Total area
3,752 SF
Lot
0.57 ac (24,829 SF)
Zoning code
N-O-C
APN
I13Z- -433 -
UPID
US22-2532340
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Real Estate Agency
-
Construction Company
-
Insurance Agency
-
Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$570k
Comparable Approach
Comparable
$626k
Blend (final)
Blend
$230k
Owner & transaction history
since 2012
6 recorded transactions
Zoning & alternative use
N-O-C · Rome, GA
Zoning description
g. N-O-C Neighborhood Office Commercial (1) The N-O-C Neighborhood Office Commercial District is established to accommodate modestly sized professional offices and retail services in close proximity to and in harmony wit…
General category
COMMERCIAL
Top alternative use upside
Medical building
$555,000
+7.8%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
3 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$230k
Value range
$207k – $253k
±10% around blend
Estimated value / SF
$61 / SF
Confidence
None
2 county-verified comps
Property data
75
Market benchmarks
100
Comparable evidence
20
$207k
blend $230k
$253k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,752 SF
Lot area
0.57 ac
Year built
1917
APN
I13Z- -433 -
Assessed value
$211,285
Annual tax
$7,419
3
Income approach: direct capitalization
Partial preview
Income approach indication
$570k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$620k
@ 6.5% CAP return
$570k
@ 7% CAP return
$530k
4
Sales comparison
Partial preview
Sales approach indication
$626k
Weighted, 0 comps · none confidence
Evidence
2 found
County-verified recorded sales
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$230k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 44 sales
$137
-55%
Submarket 111 sales
$133
-54%
County 114 sales
$133
-54%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $61/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+8%
vs current-use indication
Commercial (general) · current use
Retail Stores
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 2 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$211k
Move the market yield to see immediate price impact.
Value / SF
$56
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$13k
$266k
$190k
$148k
$15k
$296k
$211k
$164k
$16k
$325k
$232k
$181k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
2 found
None confidence · county-verified
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$7,419
Tax year 2023
Assessed value
$211,285
Assessed 2023
Previous assessed
$211,285
+0.0% YoY
Effective rate
3.51%
On assessed value
Assessed land
$104,784
Assessed improvement
$106,501
Land market value
$261,960
Improvement market value
$266,253
Total market value
$528,213
Applied tax rate
1.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1917
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Buildings
2
Total area
3,752 SF
Lot
0.57 ac (24,829 SF)
Zoning code
N-O-C
APN
I13Z- -433 -
UPID
US22-2532340
Jurisdiction
FLOYD
Zoning & alternative use
N-O-C · Rome, GAZoning N-O-C · permitted uses
N-O-C · Rome, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
g. N-O-C Neighborhood Office Commercial (1) The N-O-C Neighborhood Office Commercial District is established to accommodate modestly sized professional offices and retail services in close proximity to and in harmony wit…
General category
COMMERCIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1917
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Buildings
2
Lot
0.57 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
N-O-C
COMMERCIAL
Jurisdiction
Rome, GA
Recorded code
N-O-C
Official district
N-O-C
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for N-O-C in Rome, GA.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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