Medical Office Building with Warehouse
For Sale
$2,900,000
315 W 10th Street, Rome, GA 30165
COMMERCIAL - Rome, GA
Property Size18,768 SF
Lot Size1.78 Acres
Price / SF$154.52
Days on Market333
Property Features for 315 W 10th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Lot features
Level
Directions
Turner McCall Blvd the north on Martha Berry Blvd. Right on W 10th, building is on the left.
Standard status
Active
APN
J13Y 389
Size
18,768 SF
Lot size
1.78 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
33466
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Forced Air
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1990
Building materials
Stucco
Listing Agency:
Toles, Temple & Wright, Inc.
(706) 291-0202
Listed By:
Dan Carlton · License #165603
(706) 346-3970
Added: Sep 15, 2025
Changed: Aug 4
Last Checked: Aug 13 at 4:06AM
MLS# 10636147
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 at 315 W 10th Street in Rome, this two-story medical office building totals 18,768 square feet and is supported by a separate 3,600-square-foot warehouse that is currently leased. The 14,586-square-foot first floor includes 7,702 square feet leased to Fresenius Kidney Care Rome, with an additional 6,884 square feet on the first floor available for lease or owner occupancy. A 4,182-square-foot second floor is currently vacant and is accessible from the rear of the building, with elevator access available as well. Inside, the property features a medical-oriented layout with multiple exam rooms, offices, and reception areas.
The site sits on a 1.78-acre paved lot with 62 parking spaces. The building is positioned in Rome’s established healthcare corridor between Martha Berry Blvd and Turner McCall Blvd, about three blocks from Atrium Health Floyd Medical Center.
The second-floor configuration and overall flexible layout are designed to accommodate additional tenancy, with the building described as suitable for up to two more tenants. All offers are subject to approval by all owners, including price and terms.
The site sits on a 1.78-acre paved lot with 62 parking spaces. The building is positioned in Rome’s established healthcare corridor between Martha Berry Blvd and Turner McCall Blvd, about three blocks from Atrium Health Floyd Medical Center.
The second-floor configuration and overall flexible layout are designed to accommodate additional tenancy, with the building described as suitable for up to two more tenants. All offers are subject to approval by all owners, including price and terms.
Key Highlights
- 18,768 SF medical office building on 1.78‑acre paved lot with 62 parking spaces
- 14,586 SF first floor: 7,702 SF leased to Fresenius Kidney Care Rome; 6,884 SF available for lease or owner occupancy
- 4,182 SF second floor is vacant and accessible from the rear of the building, with elevator access to the second floor
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
$217,694
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
7.51%
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%
$4,353,880
$4.4M
Cap Rate 7%
$3,109,914
$3.1M
Cap Rate 9%
$2,418,822
$2.4M
Market Conditions
NOI Build-Up for 18,768 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
$405.4K $21.60/SF
− Vacancy
−$42.6K −$2.27/SF
EGI
$362.8K $19.33/SF
− OpEx
−$145.1K −$7.73/SF
NOI
$217.7K $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%
$4,353,880
Cap Rate 7%
$3,109,914
Cap Rate 9%
$2,418,822
Alternative Uses
Best Use
Healthcare Medical
$3.11M
$2.72M – $3.63M
NOI $217,694 @ 7.0% cap · market cap 7.51%
Second Best
Office B
$2.20M
$1.93M – $2.57M
NOI $154,149 @ 7.0% cap · market cap 5.32%
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
1,298
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
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 center - Two-story medical office with leased warehouse; first floor includes space leased to Fresenius Kidney Care and second-floor space.
Where is this medical center located?
The property is located at 315 W 10th Street Rome, GA.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 18,768 SF medical office building on 1.78‑acre paved lot with 62 parking spaces; 14,586 SF first floor: 7,702 SF leased to Fresenius Kidney Care Rome; 6,884 SF available for lease or owner occupancy; 4,182 SF second floor is vacant and accessible from the rear of the building, with elevator access to the second floor
