Updated Office
For Sale
$304,900
Pending
155 Bankers Boulevard, Monroe, GA 30655
Commercial Sale, Monroe, GA
Property Size1,174 SF
Lot Size0.03 Acres
Days on Market74
Property Features for 155 Bankers Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Accessibility
Accessible Approach with Ramp
Lot features
Business Park, Level
Directions
Hwy 78 to Spring St through light at Hwy 138 and take next right onto Bankers Blvd. Builidng will be to left at 4 way stop.
Standard status
Pending
APN
M0020002006
Size
1,174 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
2005
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Electric (Heating)
Cooling system
Electric
Water source
Public
Building Details
Year built
2006
Flooring type
Vinyl
Building materials
Brick
Roof type
Composition
Listing Agency:
Keller Williams Realty Atl. Partners
(678) 808-1300
Listed By:
Doug Minton · License #338899
(404) 520-0015
Added: Jun 23
Changed: Aug 25
Last Checked: Sep 4 at 5:06AM
MLS# 10791468
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 1,174-square-foot office unit, built in 2006, offers four private office rooms, a reception area, a storage room, kitchen space, and a bathroom. Recent work includes granite countertops in the kitchen and bathroom, new interior paint, vinyl flooring, a new HVAC system, and new blinds. The brick building also provides an accessible approach with ramp and parking lot access.
Zoned B3 commercial, the property is positioned behind Longhorns and within minutes of downtown Monroe. The location provides access to nearby restaurants and shops, as well as Hwy 78 and Hwy 138. Public water and public sewer serve the property, with phone service available.
Zoned B3 commercial, the property is positioned behind Longhorns and within minutes of downtown Monroe. The location provides access to nearby restaurants and shops, as well as Hwy 78 and Hwy 138. Public water and public sewer serve the property, with phone service available.
Key Highlights
- 1,174 SF office unit built in 2006
- Four private office rooms with reception and dedicated storage
- B3 commercial zoning
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
$15,721
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
5.16%
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%
$314,420
$314.4K
Cap Rate 7%
$224,586
$224.6K
Cap Rate 9%
$174,678
$174.7K
Market Conditions
NOI Build-Up for 1,174 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
$28.0K $23.87/SF
− Vacancy
−$7.1K −$6.02/SF
EGI
$21.0K $17.85/SF
− OpEx
−$5.2K −$4.46/SF
NOI
$15.7K $13.39/SF
Area
Walton County, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
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%
$314,420
Cap Rate 7%
$224,586
Cap Rate 9%
$174,678
Alternative Uses
Best Use
Office B
$224.6K
$196.5K – $262.0K
NOI $15,721 @ 7.0% cap · market cap 5.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$329.7K
$288.5K – $384.6K
NOI $23,076 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
544
Businesses Nearby
Explore this area
Business Placement
Demographics for 30655, GA
27,541
Population
10,212
Households
2.7
Avg Household Size
38
Median Age
22%
College-Educated
84%
High-School Grad
83.0 sq mi
ZIP Area
332
Density / Sq Mi
$68,292
Median Household Income
$39,472
Median Earnings
$1,099
Median Rent
$290,900
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?
Office units - B3-zoned space includes private rooms, reception, storage, and recent interior improvements.
Where is this office units located?
The property is located at 155 Bankers Boulevard Monroe, GA.
What is the asking price?
The asking price for this property is $304,900.
What are key features of this property?
This property features: 1,174 SF office unit built in 2006; Four private office rooms with reception and dedicated storage; B3 commercial zoning
