Medical Office Building with
New
For Sale
$2,900,000
315 W 10th Street, Rome, GA 30165
Commercial Sale, Rome, GA
Property Size18,768 SF
Lot Size1.78 Acres
Price / SF$154.52
Days on Market7
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
Forced Air, Central
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: Aug 18
Changed: Aug 24
Last Checked: Aug 24 at 4:06PM
MLS# 10831696
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.
The property includes an 18,768-square-foot medical office building completed in 1990, arranged across two floors. The 14,586-square-foot first floor contains 7,702 square feet leased to Fresenius Kidney Care Rome, while 6,884 square feet remains available for lease or owner occupancy. The 4,182-square-foot second floor is vacant and has rear access. Interior features include exam rooms, private offices, reception areas, and elevator service. The layout can accommodate up to two additional tenants.
A separate 3,600-square-foot warehouse is also leased. The improvements sit on a 1.78-acre paved lot with 62 parking spaces and are located between Martha Berry Blvd and Turner McCall Blvd, three blocks from Atrium Health Floyd Medical Center. Public water and sewer serve the property, with forced-air and central heating and central air conditioning.
A separate 3,600-square-foot warehouse is also leased. The improvements sit on a 1.78-acre paved lot with 62 parking spaces and are located between Martha Berry Blvd and Turner McCall Blvd, three blocks from Atrium Health Floyd Medical Center. Public water and sewer serve the property, with forced-air and central heating and central air conditioning.
Key Highlights
- 18,768 SF medical office building completed in 1990
- 7,702 SF leased to Fresenius Kidney Care Rome; 6,884 SF available on the first floor
- Vacant 4,182 SF second floor with rear access and elevator service
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
1,476
Businesses Nearby
Balanced
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Healthcare-oriented property with exam rooms, offices, elevator service, and a separate leased warehouse.
Where is this medical office space 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 completed in 1990; 7,702 SF leased to Fresenius Kidney Care Rome; 6,884 SF available on the first floor; Vacant 4,182 SF second floor with rear access and elevator service
