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    6.24 Acres on Highway 78 Title is generated by Realmo AI

    619 Highway 78, Monroe, GA 30656

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    Picture of Commercial land at 619 Highway 78, Monroe, GA
    For Sale
    $995,000

    LAND - Monroe, GA

    Lot size:
    6.50 Acres
    Added:
    Sep 9, 2025
    Days on Market:
    260
    Last Refresh:
    May 26 at 8:06 am

    Property Features for 619 Highway 78

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    B-3
    Standard status
    Active
    APN
    C1780047Z000
    Lot size
    6.50 Acres

    Taxes and HOA fees

    Tax Description
    6.5 Acres

    Utilities

    Sewer type
    Septic Tank
    Water source
    Public

    Building Details

    Year built
    1901

    We can help!

    Listing Contact
    James Hester
    James Hester

    Listing agent James Hester License #174072

    Listing office BHHS Georgia Properties (Athen 2500 Daniells Bridge Road, Athens, GA

    Listing date Sep 9, 2025

    MLS# CL339380

    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.

    HighLights

    • 6.241 acres with double road frontage on Tommy Dillard Rd & US Hwy 78
    • Potential for 6‑7 lot light industrial/business park development
    • Highway 78 frontage provides excellent exposure and visibility
    • Zoning allows for diverse uses: outside storage, self storage, truck parking, contractors
    • Utilities available: Septic sewer, Walton EMC Power, County water
    • Convenient location for business owners/contractors in Good Hope/Gratis/Monroe

    Overview

    Approximately 6.241 total acres are available with double road frontage on Tommy Dillard Rd and US Hwy 78. The site has septic sewer and Walton EMC Power. County water is available at the property on both Tommy Dillard and Hwy 78. Level 3 soils have been completed. A site plan exists for a 6-7 lot light industrial business park, offering the potential for a purchaser to complete the road and develop or sell lots, and/or construct buildings. The seller has improved the site with an entrance off Tommy Dillard and will provide shared access to the purchaser. While the preference is to sell all the land, the seller will consider selling off the Hwy 78 frontage, subdividing into lots, or offering build-to-suit options. Highway 78 exposure provides great exposure and visibility from signage. The B-3 zoning allows for many potential uses including outside storage, self-storage, truck parking, and contractors of all kinds. The location is convenient for business owners and contractors in Good Hope, Gratis, and Monroe.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Auto Repair Shop HVAC Service Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Walton
    State
    Georgia
    Longitude
    -83.628555
    Latitude
    33.847572

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    FAQs

    What type of property is this?
    Commercial land - 6.24 acres with frontage on Highway 78 and Tommy Dillard Rd.
    Where is this commercial land located?
    The property is located at 619 Highway 78 Monroe, GA.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: 6.241 acres with double road frontage on Tommy Dillard Rd & US Hwy 78; Potential for **6‑7 lot light industrial/business park development**; **Highway 78 frontage provides excellent exposure and visibility**
    (770) 356-2869
    We can help!
    Listing Contact
    James Hester
    James Hester
    Real Estate License ID: 174072
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    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
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