Interconnected Office
For Sale
$4,950,000
800 Broad Street, Rome, GA 30161
Commercial Sale, Rome, GA
Property Size43,000 SF
Lot Size1.59 Acres
Price / SF$115.12
Days on Market288
Property Features for 800 Broad Street
General Information
Property type
Commercial Sale
Property subtype
Office
Parking features
Secured, Parking Lot, Underground/Basement, Covered
Lot features
City Lot, Corner Lot
Directions
GPS Friendly
Standard status
Active
APN
J14C 003
Size
43,000 SF
Lot size
1.59 Acres
Taxes and HOA fees
Tax Year
24
Tax Annual Amount
43842
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Zoned, Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1993
Building materials
Brick, Concrete, Glass
Listing Agency:
Hardy Realty & Development Company
(706) 291-4321
Listed By:
Ben Levy
(404) 538-4681
Added: Dec 4, 2025
Changed: Sep 12
Last Checked: Sep 18 at 9:06AM
MLS# 10653588
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property comprises a 43,000-square-foot office complex built in 1993 on 800 Broad Street in Rome, Georgia. Two interconnected buildings are fully sprinklered and each includes an elevator. Interior layouts combine private offices with larger open areas that can support cubicle arrangements. One building features a two-story foyer, while construction includes brick, concrete, and glass.
The site provides 119 parking spaces across two levels, including secured covered parking in an underground or basement garage. Public water and public sewer serve the property, with central air conditioning and central, electric, zoned heating. Occupancy is reported at 90%, and 4,400 square feet of suites remain available for lease.
The site provides 119 parking spaces across two levels, including secured covered parking in an underground or basement garage. Public water and public sewer serve the property, with central air conditioning and central, electric, zoned heating. Occupancy is reported at 90%, and 4,400 square feet of suites remain available for lease.
Key Highlights
- 43,000 square feet across two interconnected office buildings
- 90% leased with 4,400 square feet of suites available
- 119 parking spaces across two levels
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$353,176
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,063,520
$7.1M
Cap Rate 7%
$5,045,371
$5.0M
Cap Rate 9%
$3,924,178
$3.9M
Market Conditions
NOI Build-Up for 43,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$603.7K $14.04/SF
− Vacancy
−$132.8K −$3.09/SF
EGI
$470.9K $10.95/SF
− OpEx
−$117.7K −$2.74/SF
NOI
$353.2K $8.21/SF
Area
Floyd County, GA
Vacancy
22.00%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,063,520
Cap Rate 7%
$5,045,371
Cap Rate 9%
$3,924,178
Alternative Uses
Best Use
Office B
$5.05M
$4.41M – $5.89M
NOI $353,176 @ 7.0% cap · market cap 7.13%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$7.13M
$6.23M – $8.31M
NOI $498,766 @ 7.0% cap · market cap 10.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
90%
Occupancy
Multi-tenant
Tenancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,986
Businesses Nearby
Explore this area
Business Placement
Demographics for 30161, GA
35,382
Population
14,924
Households
2.4
Avg Household Size
41
Median Age
27%
College-Educated
85%
High-School Grad
143.3 sq mi
ZIP Area
247
Density / Sq Mi
$60,176
Median Household Income
$34,545
Median Earnings
$1,006
Median Rent
$185,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Two elevator-served buildings provide flexible professional, medical, and corporate office configurations.
Where is this office building located?
The property is located at 800 Broad Street Rome, GA.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: 43,000 square feet across two interconnected office buildings; 90% leased with 4,400 square feet of suites available; 119 parking spaces across two levels
