223 S Madison Avenue, Monroe, GA 30655
COMMERCIAL - Monroe, GA
- Added:
- Apr 1, 2025
- Days on Market:
- 435
- Last Refresh:
- Jun 9 at 1:06 am
Property Features for 223 S Madison Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- M0140121
- Size
- 1,874 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 3994
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1930
- Flooring type
- Carpet, Hardwood
- Building materials
- Wood Siding
- Roof type
- Composition
Listing agent Andrea Malcom Campbell License #378176 (678) 227-0990
Listing office Malcom & Malcom Realty Prof. 200 S Broad Street, Monroe, GA (770) 267-0092
Listing date Apr 1, 2025
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.
HighLights
- Prime Downtown Monroe Location: Walkable to dining, retail, gyms, and spa.
- Commercial Property: Ideal for small business headquarters.
- Included City Utilities: Power, water, sewer, trash, internet, and phone on one bill.
- Off‑Street Parking: Includes parking lot with handicap ramp access.
- Historic 1930s Building: Unique character and potential.
- Rare Stand‑Alone Building: Seldom available in Downtown Monroe.
Overview
Local Financial Insights For Office B
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 | $44.7k | $23.87 |
| − Vacancy | −$11.3k | −$6.02 |
| EGI | $33.5k | $17.85 |
| − OpEx | −$8.4k | −$4.46 |
| NOI | $25.1k | $13.39 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Monroe
- County
- Walton
- State
- Georgia
- Longitude
- -83.71013
- Latitude
- 33.793186
