Medical Office with
For Sale
Contact for pricing
109 Redmond Road, Rome, GA 30165
2,256 SF Mediquick business and real estate offered with a 10-year NNN lease structure.
Property Size2,256 SF
Price / SF$141.84
Days on Market129
Property Features for 109 Redmond Road
General Information
Standard status
Active
Size
2,256 SF
Property subtype
Office
Occupancy
100%
Lease Type
NNN
Investment Type
Owner/User
Additional Details
Business Included
Yes
Building Details
Year Built
1945
Year Renovated
2013
Buildings
1
Tenancy
Single
Listing Agency:
Sands Investment Group
Listed By:
Cole Koepsell · License #GA Lic. # 405304
(844) 474-4666
Source:
Crexi
Added: Apr 30
Changed: Sep 2
Last Checked: Sep 1 at 10:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sands Investment Group
Investment Insights
Based on property information with market context.
Sands Investment Group is pleased to offer for sale the 2,256 SF Mediquick business and real estate at 109 Redmond Road in Rome, GA. The offering includes both the operating business and the underlying real estate, presented as a sale-leaseback opportunity with a clear exit strategy.
The structure described is a 10-year Triple Net (NNN) Lease at $20/SF. The remarks also provide an estimated real estate value of approximately $500,000 in connection with the lease terms.
For buyers considering an NNN position, this package combines the business and real estate in a single acquisition aligned to the stated leaseback approach.
The structure described is a 10-year Triple Net (NNN) Lease at $20/SF. The remarks also provide an estimated real estate value of approximately $500,000 in connection with the lease terms.
For buyers considering an NNN position, this package combines the business and real estate in a single acquisition aligned to the stated leaseback approach.
Key Highlights
- 2,256 SF Mediquick business and real estate at 109 Redmond Road in Rome, GA
- Year built: 1945
- Offered with a clear sale‑leaseback exit strategy
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
$26,168
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
8.18%
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%
$523,360
$523.4K
Cap Rate 7%
$373,829
$373.8K
Cap Rate 9%
$290,756
$290.8K
Market Conditions
NOI Build-Up for 2,256 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
$48.7K $21.60/SF
− Vacancy
−$5.1K −$2.27/SF
EGI
$43.6K $19.33/SF
− OpEx
−$17.4K −$7.73/SF
NOI
$26.2K $11.60/SF
Area
Floyd County, GA
Vacancy
10.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
40.00%
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%
$523,360
Cap Rate 7%
$373,829
Cap Rate 9%
$290,756
Alternative Uses
Best Use
Healthcare Medical
$373.8K
$327.1K – $436.1K
NOI $26,168 @ 7.0% cap · market cap 8.18%
Second Best
Office B
$264.7K
$231.6K – $308.8K
NOI $18,529 @ 7.0% cap · market cap 5.79%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
977
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30165, GA
41,943
Population
17,159
Households
2.4
Avg Household Size
36
Median Age
26%
College-Educated
83%
High-School Grad
167.0 sq mi
ZIP Area
251
Density / Sq Mi
$63,915
Median Household Income
$35,637
Median Earnings
$949
Median Rent
$209,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - 2,256 SF Mediquick business and real estate offered with a 10-year NNN lease structure.
Where is this medical office space located?
The property is located at 109 Redmond Road Rome, GA.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: 2,256 SF Mediquick business and real estate at 109 Redmond Road in Rome, GA; Year built: 1945; Offered with a clear sale‑leaseback exit strategy
