Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    507 Brown SW St Rome, GA 30161-6513
    Property profile & analytics

    507 Brown SW St, Rome, GA 30161-6513

    View on Map
    • Specialty properties
    • 568 SF
    • 0.08 lot acres
    Off-Market
    Property ID
    US22-2252704
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 507 Brown SW St

    Year built
    1949
    Lot size
    0.08 lot acres
    Zone code
    H-T-R
    Property type
    Specialty properties
    APN
    J14N- -073 -
    APU
    J14N073

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 29, 2011 — Rome And Floyd County Habitat Heritage First Bank Grant Deed · related —
    Oct 14, 2008 $29,250 Heritage First Bk Youngblood,sandra Trustees Deed · related —
    Nov 2, 2006 — Sandra Youngblood Youngblood,jason A Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Rome
    County
    Floyd
    State
    Georgia
    Longitude
    -85.1648
    Latitude
    34.2305
    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
    $0.00
    $2,352
    $0.00
    $2,352
    -
    $5,880
    $0.00
    $5,880

    Comparable in this City

    • Value Estimation by Request
      0.16 Acres

      5 Mcghee SW St

      CHARITABLE ORGANIZATION
      5 Mcghee SW St, Rome, GA 30161-4525
      View Details
    • Value Estimation by Request
      0.32 Acres

      Clervue Cir

      CHARITABLE ORGANIZATION
      Clervue Cir, Rome, GA 30161
      View Details
    • Value Estimation by Request
      1.00 Acre

      321 2nd Ave

      CHARITABLE ORGANIZATION
      321 2nd Ave, Rome, GA 30161-3221
      View Details
    • Value Estimation by Request
      1.46 Acres

      Saddle Mtn Rd

      CHARITABLE ORGANIZATION
      Saddle Mtn Rd, Rome, GA 30161
      View Details
    • Value Estimation by Request
      1,340 SF

      17 Etowah SW Ter

      CHARITABLE ORGANIZATION
      17 Etowah SW Ter, Rome, GA 30161
      View Details
    • Value Estimation by Request
      1,161 SF

      107 Glover SW St

      CHARITABLE ORGANIZATION
      107 Glover SW St, Rome, GA 30161
      View Details

    Similar Nearby for Sale

    • $1,799,000
      7.12 Acres

      Golf Course Estate on 7+ Acres

      Remodeled estate on 7+ acres overlooking Coosa Country Club.
      2 Virginia Cir SW, Rome, GA 30161
      View Details
    • Contact for pricing
      8,500 SF

      Dollar General NNN Investment Property

      NNN Dollar General in Rome, GA with below-market rent.
      1816 Dean Ave, Rome, GA 30161
      View Details
    • Contact for pricing

      Six Brick Duplexes in Rome

      Six brick duplexes with rental income potential in Rome, GA.
      112 Chambers St, Rome, GA 30161
      View Details
    • Contact for pricing
      5,451 SF

      Downtown Rome Commercial Building

      5,451 SF mixed-use building in downtown Rome, Georgia.
      1 Innovation Way, Rome, GA 30161
      View Details
    • Contact for pricing
      0.37 Acres

      Residential Lot in College Park

      Residential building lot in a quiet Rome neighborhood.
      College View Dr, Rome, GA 30161
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo

      Commercial Space on South Broad

      Commercial space available for rent on South Broad Street.
      408 S Broad St, Rome, GA 30161
      View Details
    • $20 SF/Yr
      68,000 SF

      Renovated Cotton Warehouse Available

      Renovated warehouse with buildout, wooden beams, and tongue-and-groove roof.
      314 E 1St Ave, Rome, GA 30161
      View Details
    • Contact for pricing
      68,000 SF

      Renovated Cotton Warehouse Available

      Renovated warehouse with buildout, wooden beams, and tongue & groove roof.
      314 E 1St Ave, Rome, GA 30161
      View Details
    • Contact for pricing
      6,250 SF

      Warehouse with Office and Apartment

      Warehouse with multiple roll-up doors, covered loading, office suites, and an apartment above the offices.
      1902 Parrish Dr Se, Rome, GA 30161
      View Details
    • $20 SF/Yr
      68,000 SF

      Renovated Cotton Warehouse Available

      Renovated commercial space in Rome, GA, with tenant improvements.
      314 E 1St Ave, Rome, GA 30161
      View Details
    • $4,400 /Mo
      69,260 SF

      Office Space in Rome, GA

      Office space for rent with utilities included in Rome.
      800 Broad Street Ext, Rome, GA 30161
      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.
    507 Brown SW St
    Rome, GA 30161-6513
    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

    Thank You for Inquiry
    507 Brown SW St, Rome, GA, 30161
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!