Multi-Level Office Building with
237 N 5th Avenue SW Rome, GA 30165
For Sale
$885,000
COMMERCIAL - Rome, GA
Property Size5,600 SF
Lot Size0.11 Acres
Price / SF$158.04
Days on Market73
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
Listed By:
Michele Rikard · License #373333
(770) 241-0772
Added: May 14
Changed: May 15
Last Checked: Jul 25 at 12:06PM
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.
This multi-level office building offers a practical professional layout with a main level reception area, five private offices, a conference room, kitchenette, and two restrooms. Upstairs includes seven additional private offices, a kitchenette, and two restrooms. The second floor can be accessed from street level at both the front and rear of the building, supported by separate front and rear entries.
The property is located in the River District of downtown Rome along the AdventHealth ECO Greenway and the Oostanaula River. A private parking lot at the rear provides convenient access, complemented by additional street parking along the front.
With its combination of multiple office suites, restrooms on both levels, and street-level entry options, the building is suited for established office use and is also described as ideal for residential units upstairs.
The property is located in the River District of downtown Rome along the AdventHealth ECO Greenway and the Oostanaula River. A private parking lot at the rear provides convenient access, complemented by additional street parking along the front.
With its combination of multiple office suites, restrooms on both levels, and street-level entry options, the building is suited for established office use and is also described as ideal for residential units upstairs.
Key Highlights
- Commercial building with concrete construction, central heating, and central air
- Year built 1970 with public water and public sewer
- Main level includes reception area, 5 private offices, conference room, kitchenette, and two restrooms
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
FAQs
What type of property is this?
Office building - Two-level office layout with rear private parking, front street parking, and multiple offices, conference room, and restrooms.
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.
What are key features of this property?
This property features: Commercial building with concrete construction, central heating, and central air; Year built 1970 with public water and public sewer; Main level includes reception area, 5 private offices, conference room, kitchenette, and two restrooms
