Add Listing
    For Sale
    • 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

    333 Alcovy Street unit 5 Monroe, GA 30655

    View on Map
    For Sale
    $350,000

    SINGLE_FAMILY - Monroe, GA

    Type:Office
    Property size:
    1,600 SF
    Lot size:
    0.04 Acres
    Added:
    Jan 9, 2026
    Days on Market:
    82
    Last Refresh:
    Apr 1 at 7:06 am

    Property Features for 333 Alcovy Street unit 5

    General Information

    Property type
    Residential
    Property subtype
    Office
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2
    Security features
    Security Lighting
    Accessibility
    Accessible Approach with Ramp
    Appliances
    Electric Water Heater, Refrigerator
    Standard status
    Active
    APN
    17271
    Size
    1,600 SF
    Lot size
    0.04 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Electric (Heating)
    Cooling system
    Heat Pump, Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    1966
    Floors in Building
    1
    Flooring type
    Vinyl
    Building materials
    Brick
    Roof type
    Composition

    We can help!

    Listing Contact
    Lee Malcom

    Listing agent Lee Malcom License #203677

    Listing office Malcom & Malcom 200 S Broad Street, Monroe, GA

    Listing date Jan 9, 2026

    MLS# CL346677

    Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Monroe Commercial Building For Sale

    This newly renovated commercial building, located in Downtown Monroe, offers 1,600 square feet of space suitable for various business needs. The building features a reception area, a conference room, and a break room. It includes seven office suites and two bathrooms. Situated in a prime location, the property benefits from high visibility and foot traffic. A connected parking lot provides parking for employees and clients. The lot size is 0.04 acres. The building is located at 333 Alcovy Street unit: 5, Monroe, GA 30655.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    T&T Auto Group Car Dealership Sierra Moore Medical Clinic Visitacion Mark P ... Physician Judith Delima Pediatrician AXIS Occupational Health Occupational Health Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Walton
    State
    Georgia
    Longitude
    -83.716407
    Latitude
    33.782971

    Nearby Similar for Sale

    • $1,100,000
      3,416 SF

      Historic Downtown Monroe Mixed-Use Building

      Adaptable commercial space in historic downtown Monroe with parking.
      338 N Broad Street, Monroe, GA 30655
      View Details
    • $549,900

      Versatile Property on 2 Acres

      Spacious home or commercial venture near amenities and highways.
      1409 Hwy 11 N, Monroe, GA 30656
      View Details
    • $350,000
      1,600 SF

      Renovated Commercial Building in Downtown

      Newly renovated 1,600 SF commercial building in downtown Monroe.
      333 Alcovy Street unit: 5, Monroe, GA 30655
      View Details
    • $2,499,999

      Premier Equestrian Training Facility

      24-acre commercial training and boarding facility for equestrians.
      3055A Spring Hill Drive, Monroe, GA 30656
      View Details
    • $980,823

      Monroe Car Wash Investment Opportunity

      Turn-key car wash in growing Monroe, GA with strong NOI.
      690 W Spring Street, Monroe, GA 30655
      View Details
    • $417,000

      Monroe, GA Duplex Investment

      Income-producing duplex with new roof, updated HVAC, and granite countertops.
      122 Nowell Street, Monroe, GA 30655
      View Details
    • $417,000

      Monroe, GA Duplex Investment

      Income-producing duplex with new roof, updated HVAC, and granite countertops.
      122 Nowell Street, Monroe, GA 30655
      View Details
    • $319,900
      1,874 SF

      Downtown Monroe Commercial Opportunity

      Historic commercial property in downtown Monroe, walkable to amenities.
      223 S Madison Avenue, Monroe, GA 30655
      View Details
    • $289,000
      1,250 SF

      Victorian Cottage in Historic District

      Charming 1920s cottage in downtown Monroe's historic Mill District.
      808 S Broad Street, Monroe, GA 30655
      View Details
    • $1,100,000
      3,400 SF

      Historic Downtown Mixed-Use Building

      Adaptable commercial space in historic downtown Monroe district.
      338 N Broad Street, Monroe, GA 30655
      View Details
    • $230,000
      2,500 SF

      Commercial Building Near Downtown Monroe

      2500 sq ft commercial building suitable for various purposes.
      517 Hill Street, Monroe, GA 30656
      View Details
    • $2,500,000
      6,000 SF

      Turn-Key Restaurant and Tavern

      Restaurant and tavern with real estate in downtown Monroe, Georgia.
      138 N Midland Avenue, Monroe, GA 30655
      View Details

    FAQs

    What type of property is this?
    Office building - Newly renovated 1,600 SF commercial building in downtown Monroe.
    Where is this office building located?
    The property is located at 333 Alcovy Street unit 5 Monroe, GA.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Prime Downtown Monroe location with high visibility and foot traffic.; Newly renovated 1,600 sq ft commercial building.; Seven versatile office suites suitable for various business needs.
    (404) 218-2213
    We can help!
    Listing Contact
    Lee Malcom
    Real Estate License ID: 203677
    Learn More
    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.
    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.
    Sign Up Successful!
    You now have access to more from Realmo!