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Rome, IL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Rome, Illinois Market population: 36K. Explore income-producing properties with verified cap rates and operating...

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⭐ Featured

Investment Opportunity in La Grange Park, IL

$1,190,000
La Grange Park Multifamily

This multifamily apartment property located in La Grange Park, IL, presents a compelling investment opportunity for real...

Cap Rate 7.68%
NOI $91,392
Size 5,200 SF

πŸ“Š Average Cap Rate For Rome GA Properties: 7.68%

πŸ“Š Avg Property Tax Rate For Rome GA Properties: 1.1900%

πŸ“Š Average Income For Rome GA Commercial Property: $32,572

Investor Questions For Rome GA

Common questions from investors exploring commercial real estate in Rome GA.

What is the overall investment potential of Rome, GA, considering its demographic and economic factors? +
The city's median household income of $32,572, combined with a poverty rate of 25.1% and a health insurance coverage of 82.5%, suggests a working-class market with some employment stability. The top industries, including Wholesale Trade, Finance & Insurance, and Educational Services, indicate a diverse economy, while the median property value of $118,800 and median property taxes of $6,636 provide insight into the housing market. Additionally, the average commute time of 18.2 minutes and top commute methods, such as driving alone and carpooling, reflect a relatively convenient transportation infrastructure.
How does the ethnic diversity and income inequality in Rome, GA, impact the real estate market? +
The city's top ethnicities, including White, White Non-Hispanic, and Black, contribute to a diverse population, which can influence market demand. The GINI coefficient of 0.509 indicates a moderate level of income inequality, which, when combined with the poverty rate of 25.1%, suggests that investors should consider the potential for rental properties to attract a working-class demographic. Furthermore, the median age of 33.7 and employed population of 13,630 may indicate a relatively stable workforce.
What are the key factors to consider when evaluating the quality of life in Rome, GA, for real estate investment purposes? +
The average commute time of 18.2 minutes, top commute methods, and health insurance coverage of 82.5% are all important quality-of-life metrics to consider. These factors, along with the median property value and median property taxes, can help investors assess the overall stability and attractiveness of the market. Additionally, the city's population of 36,211 and median age of 33.7 may provide insight into the potential for long-term growth and development.
How does the housing market in Rome, GA, compare to other cities, and what are the implications for real estate investors? +
The median property value of $118,800 and median property taxes of $6,636 in Rome, GA, are relatively affordable compared to other cities. The homeownership rate of 47.5% and employed population of 13,630 may indicate a relatively stable housing market, while the top industries and ethnic diversity can influence market demand. Investors should consider these factors, along with the poverty rate and health insurance coverage, when evaluating the potential for rental yields and property appreciation.
What are the potential risks and opportunities for real estate investors in Rome, GA, considering the city's economic and demographic trends? +
The poverty rate of 25.1% and income inequality, as indicated by the GINI coefficient of 0.509, may pose some risks for investors, such as potential vacancies or difficulties in collecting rent. However, the diverse economy, relatively affordable housing market, and stable workforce may also present opportunities for investors to capitalize on rental yields and property appreciation. Additionally, the city's health insurance coverage and average commute time may contribute to a relatively stable and attractive market for renters.

Rome GA Real Estate & City Facts

Key facts and real estate information about Rome GA.

What are some of the best neighborhoods to live in Rome? +
Some of the best neighborhoods to live in Rome, GA, are Old East Rome, Between the Rivers, Summerville Park, Turner Chapel, Mt Alto, Horseleg Creek, Twickenham, and Celanese. These neighborhoods offer a range of housing options, from historic homes to newer developments, and are known for their quiet streets and convenient locations.
What are some fun things to do in Rome? +
Rome, GA, has a lot to offer when it comes to things to do and attractions. Some popular spots include Myrtle Hill Cemetery, Oak Hill & The Martha Berry Museum, Rome Area History Center, Rome-Floyd E.C.O. Center, and Kingston Downs. You can also explore Georgia's largest Victorian-era district in downtown Rome, catch a Rome Braves game, or visit Berry College.
What is the food scene like in Rome? +
The food scene in Rome, GA, is diverse and delicious. Some popular restaurants include Aventine Rome, Harvest Moon Cafe, John Henry's Grill, Blossom Hill BBQ & Burgers, and Bella Roma Grill. You can also find great dining options in historic downtown Rome, such as Alibi Prohibition & Combat Market, Ana's Rotolo's Deli, and City Creamery. There are also plenty of great food trucks and local eateries to try.
What are the pros and cons of living in Rome? +
Living in Rome, GA, has its pros and cons. Some pros include the city's historic charm, outdoor recreational opportunities, and a growing food and arts scene. However, some cons include the city's relatively high poverty rate and limited job opportunities in certain industries. Additionally, traffic and parking can be a challenge in downtown Rome, especially during peak hours or events. Overall, Rome is a great place to live for those who value a small-town feel and a strong sense of community.
Is Rome a good place to live? +
Rome, GA, is a great place to live for those who value a small-town feel, historic charm, and outdoor recreational opportunities. While it may have its challenges, the city has a lot to offer, from its growing food and arts scene to its convenient location near Atlanta and Chattanooga. With its strong sense of community and relatively low cost of living, Rome is definitely worth considering for those looking to relocate to a smaller city in the Southeast.
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