Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3 Riverside SE Dr Rome, GA 30161

    • Medical offices
    • 6,720 SF
    • 1.00 lot acres
    OFF-MARKET
    Last Sale
    Dec 22, 2022
    $1,766,238
    Value Estimations
    $1,590,000
    Show details
    Cap Rate Potential
    4.5%
    Medical offices
    Location Intelligence
    Property ID
    US22-2649371
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Medical offices

    Property Details for 3 Riverside SE Dr

    Year built
    2005
    Construction
    WOOD FRAME
    Lot size
    1.00 lot acres
    Property size
    6,720 SF
    Zone code
    C-C
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    K12Y- -019 -
    APU
    K12Y019

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,720,000
      ML approach
      $1,615,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,300,000
      6.5%
      $1,200,000
      7%
      $1,115,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $1,375,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Rome
    County
    Floyd
    State
    Georgia
    Longitude
    -85.1467
    Latitude
    34.2899
    CBSA code
    40660
    CBSA name
    ROME, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $11,423
    $48,352
    $334,371
    $382,723
    -
    $120,880
    $835,927
    $956,807

    Comparable in this City

    • Value Estimation
      $450,000
      20,532 SF

      Riverbend Dr

      MEDICAL BUILDING • 20,532 SF
      Riverbend Dr, Rome, GA 30161
      View Details
    • Value Estimation
      $640,000
      42,440 SF

      15 Riverbend SW Dr

      MEDICAL BUILDING • 42,440 SF
      15 Riverbend SW Dr, Rome, GA 30161-6005
      View Details
    • Value Estimation
      $230,000
      1,917 SF

      1506 Kingston SE Hwy

      MEDICAL BUILDING • 1,917 SF
      1506 Kingston SE Hwy, Rome, GA 30161-8949
      View Details
    • Value Estimation
      $260,000
      4,810 SF

      10 Medical NE Dr

      MEDICAL BUILDING • 4,810 SF
      10 Medical NE Dr, Rome, GA 30161-4912
      View Details
    • Value Estimation
      $200,000
      3,672 SF

      2002 Dean SE Ave

      MEDICAL BUILDING • 3,672 SF
      2002 Dean SE Ave, Rome, GA 30161
      View Details
    • Value Estimation
      $210,000
      2,773 SF

      715 2nd SW Ave

      MEDICAL BUILDING • 2,773 SF
      715 2nd SW Ave, Rome, GA 30161-6148
      View Details

    Similar Nearby for Sale

    • $4,950,000
      43,000 SF

      Prime Office Investment Opportunity

      43,000 sq ft office complex on 1.58 acres.
      800 Broad Street Ext, Rome, GA 30161
      View Details
    • $1,499,000
      5,451 SF

      Downtown Rome Commercial Building

      5,451 SF commercial building with parking in downtown Rome.
      1 Innovation Way, Rome, GA 30161
      View Details
    • $375,000
      3,000 SF

      Office/Studio with Garage in Rome

      3000 sq ft office/studio with garage and covered parking.
      12 Commerce Ct, Rome, GA 30161
      View Details
    • $134,900
      900 SF

      Renovated Commercial Property Ready

      Prime commercial property in Rome, Georgia, ready for business.
      2113 Maple St, Rome, GA 30161
      View Details
    • Contact for pricing

      Rome Residential Land

      Prime Development Site, Rome, GA
      0 Wilbanks Rd, Rome, GA 30161
      View Details
    • $450,000

      51-Acre Oasis Ready for Development

      51 acres with water, electricity, and completed perc tests.
      1814 Fosters Mill Rd SW, Rome, GA 30161
      View Details

    Similar Nearby for Lease

    • $4,400 /Mo
      69,260 SF

      Office Space in Rome, GA

      Office space for rent with utilities included in Rome.
      800 Broad Street Ext, Rome, GA 30161
      View Details
    • $1,600 /Mo
      1,100 SF

      Office Space in Rome, GA

      Office space available for lease in Rome, Georgia.
      305 E 6Th Ave, Rome, GA 30161
      View Details
    • $1,050 /Mo
      1,008 SF

      Downtown Rome Office Space

      Office space available for rent in Downtown Rome, Georgia.
      108 E 5Th Ave, Rome, GA 30161
      View Details
    • $3,300 /Mo
      4,396 SF

      North Rome Office Space Available

      Office space for lease in North Rome with utilities included.
      96 Callahan St, Rome, GA 30161
      View Details
    • $1,500 /Mo
      1,630 SF

      Downtown Rome Office Suite

      1630 SF office suite in downtown Rome, Georgia.
      1 W 4Th St, Rome, GA 30161
      View Details
    • $1,800 /Mo
      2,584 SF

      Freestanding Remodeled Office Building

      Move-in ready office building for rent in Rome, Georgia.
      402 Cedar Ave SW, Rome, GA 30161
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3 Riverside SE Dr
    Rome, GA 30161
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.