Downtown Rome Commercial
237 N 5th Avenue SW Rome, GA 30165
237 N 5th Avenue SW, Rome, GA, 30165
$885,000
For Sale
$885,000
COMMERCIAL - Rome, GA
Property Size5,600 SF
Lot Size0.11 Acres
Price / SF$158.04
Days on Market65
Property Features for 237 N 5th Avenue SW
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- J13Y 167
- Size
- 5,600 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 25
- Tax Annual Amount
- 5545
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1970
- Building materials
- Concrete
Listing Agency
Hardy Realty & Development Company
(706) 291-4321
1609 Martha Berry Blvd., Rome, GA
Listed by
Michele Rikard · License #373333
(770) 241-0772
Added: May 14 Checked: Jul 17 at 5:06 pm
MLS# 10764614
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.
Located in the heart of the River District in downtown Rome, Georgia, this commercial property is situated along the AdventHealth ECO Greenway and the Oostanaula River. The property offers visibility and accessibility in a desirable corridor. A private parking lot is located at the rear of the building, complemented by street parking along the front. The main level features a reception area, 5 private offices, a conference room, a kitchenette, and two restrooms. The layout is suitable for professional or medical use. The upstairs area includes 7 additional private offices, a kitchenette, and two restrooms. The second floor is accessible from street level at both the front and rear of the building, making it suitable for residential units. The property has a size of 5600 square feet and sits on a lot of 0.11 acres.
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $121.0k | $21.60 |
| − Vacancy | −$12.7k | −$2.27 |
| EGI | $108.3k | $19.33 |
| − OpEx | −$43.3k | −$7.73 |
| NOI | $65.0k | $11.60 |
5,600 SF · lease $21.60/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$927.9K
$812.0K – $1.08M
NOI $64,956 @ 7.0% cap · market cap 7.34%
Second Best
Office B
$657.1K
$574.9K – $766.6K
NOI $45,995 @ 7.0% cap · market cap 5.20%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The Baldwin Law Firm
Law Firm
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Prime commercial space in downtown Rome with private parking.
Where is this office building located?
The property is located at 237 N 5th Avenue SW Rome, GA.
What is the asking price?
The asking price for this property is $885,000.
