Chulio Rd Rome, GA 30161
b. S-R Suburban Residential (1) The S-R Suburban Residential District is established for three levels of residential development (in addition to all forms of agricultural crop production and forestry): (a) In areas where public sanitary sewer and public water are not available, the S-R District is established to provide areas of primarily low density residen…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
S-R · Rome, GAb. S-R Suburban Residential (1) The S-R Suburban Residential District is established for three levels of residential development (in addition to all forms of agricultural crop production and forestry): (a) In areas where public sanitary sewer and public water are not available, the S-R District is established to provide areas of primarily low density residential development of 1 unit per acre. (b) In areas where public water is available, but not public sanitary sewer, minimum 20,000 square foot lots are required. (c) In areas where sanitary sewer and public water are available, the S-R District is established to provide moderately dense, primarily single-family residential development with minimum 7,200 square foot lots. (2) Manufactured home subdivisions are deemed appropriate in the S-R Residential District within the city and county. Manufactured homes on single parcels outside an 5959 established subdivision are permitted in this district except where a Special Use Permit is required: (a) Within the city; and (b) Within those portions of the county consisting of a land development project in which two or more lots are created in, along with streets and utilities needed to support construction of buildings on the lots. (3) Attached single-family dwelling as defined in Article 8 may be considered appropriate as infill development if the design is compatible with the surrounding neighborhood in terms of scale, height, roof pitch, provision of parking, and orientation toward the street. Such development, if approved by Special Use Permit, must meet the standards listed in Article 4.1.28 . c. HT-R High Density Traditional Residential (1) The HT-R Traditional Residential District is established to provide opportunities for higher density single family residential averaging 4-7 units per acre. The HT-R District development patterns and architectural styles are reflective of the residential neighborhoods established before the 1940 ’s. Streets were developed along a grid pattern with neighborhoods conveniently located to local shopping areas. Although these are older areas of the community, it is envisioned that this zoning district is also appropriate for new single family development built in this “ neo-traditional ” style. (2) Manufactured homes are not considered appropriate in the HT-R District. (3) Duplexes may be considered appropriate as infill development if the design is compatible with the predominant development pattern of the surrounding neighborhood.
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Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.