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Property profile & analytics
OFF-MARKET Estimated value $3,055,000
Retail space

7 2nd Ave Rome, GA 30161-3135

27,640 SF 0.46 ac lot Built 1901
Entity Owned 11-yr Hold ~ Est. High Equity
Property ID
US22-2486923
Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1901
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 27,640 SF
Lot 0.46 ac (20,038 SF)
Zoning code C-B-C
APN J14D- -074 -
UPID US22-2486923
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
$2.66M
Comparable Approach Comparable
$3.61M
Blend (final) Blend
$3.06M
Owner & transaction history
West Lofts In Rome LLC · 11 yrs held
West Lofts In Rome LLC
since 2015
5 recorded transactions
2015
$1.6M
2012
$1.4M
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
C-B-C · Rome, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

j. C-B-C Central Business Commercial (1) Within C-B-C Central Business Commercial District the most intensive use of land is permitted in combination with a variety of commercial and residential uses. The district is intended to serve as the central headquarters for economic and administrative activity in the community. The district is designed to have uses…

Zone name Central Business Commercial
General category COMMERCIAL
Zone area 50.99 ac
Top alternative use upside
Medical building $4.1M +35.7%
Commercial (general) $3.6M +18.8%
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