Rehabilitation Center
For Sale
$1,350,000
208 NW Redmond Rd, Rome, GA 30165
Improved healthcare facility scheduled for occupancy beginning November 1, 2026.
Property Size6,808 SF
Price / SF$198.30
Days on Market41
Property Features for 208 NW Redmond Rd
General Information
Standard status
Active
Size
6,808 SF
Building Details
Year Built
2000
Listing Agency:
Stephenson Realty
(706) 441-3352
Listed By:
Jay Stephenson · License #408148
Source:
Broadandmainrealestate
Added: Jul 20
Changed: Aug 28
Last Checked: Aug 25 at 4:11AM
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 Stephenson Realty
Investment Insights
Based on property information with market context.
This 6,808-square-foot rehabilitation center was constructed in 2000 and has received improvements from the current tenant. The property is scheduled to become available for occupancy on November 1, 2026.
Located at 208 NW Redmond Rd in Rome, Georgia, the facility offers an established healthcare-oriented building for continued rehabilitation center use.
Located at 208 NW Redmond Rd in Rome, Georgia, the facility offers an established healthcare-oriented building for continued rehabilitation center use.
Key Highlights
- 6,808‑square‑foot rehabilitation center
- Improvements completed by the current tenant
- Available for occupancy November 1, 2026
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
$78,967
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
5.85%
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%
$1,579,340
$1.6M
Cap Rate 7%
$1,128,100
$1.1M
Cap Rate 9%
$877,411
$877.4K
Market Conditions
NOI Build-Up for 6,808 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
$147.1K $21.60/SF
− Vacancy
−$15.4K −$2.27/SF
EGI
$131.6K $19.33/SF
− OpEx
−$52.6K −$7.73/SF
NOI
$79.0K $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%
$1,579,340
Cap Rate 7%
$1,128,100
Cap Rate 9%
$877,411
Alternative Uses
Best Use
Healthcare Medical
$1.13M
$987.1K – $1.32M
NOI $78,967 @ 7.0% cap · market cap 5.85%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,041
Businesses Nearby
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Rehabilitation center - Improved healthcare facility scheduled for occupancy beginning November 1, 2026.
Where is this rehabilitation center located?
The property is located at 208 NW Redmond Rd Rome, GA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 6,808‑square‑foot rehabilitation center; Improvements completed by the current tenant; Available for occupancy November 1, 2026
