Industrial Building on Home
For Sale
$575,000
1110 Locklin, Monroe, GA 30655
6-acre property includes a 50x75 red iron building with roll-up doors, septic and electricity, plus a driveway.
Property Size3,750 SF
Lot Size6.00 Acres
Price / SF$153.33
Days on Market111
Property Features for 1110 Locklin
General Information
Standard status
Active
Size
3,750 SF
Lot size
6.00 Acres
Property subtype
Land or Vacant Lot
Additional Details
Drive-In Doors
2
Amenities
Metal Roof
Detached
Level
Open Lot
Wooded
Listing Agency:
MALCOM & MALCOM
(404) 218-2213
Listed By:
LEE MALCOM · License #203677
Source:
Corcoran
Added: Apr 23
Changed: Aug 8
Last Checked: May 10 at 4:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MALCOM & MALCOM
Investment Insights
Based on property information with market context.
This 6-acre property is set up for practical storage and future development, with a substantial 50x75 red iron building already in place. The structure includes a rear lean-to for additional covered space, and both a 12x14 front roll-up door and a 10x10 rear door for convenient access. Inside, there is a finished bathroom, and septic and electricity are already installed to help streamline initial use.
A driveway is in place, and the front portion of the site has been cleared to support a potential homesite. Water has not yet been run to the property, and a well will be needed.
With an existing metal building and key utilities already addressed through septic and electricity, the property can serve as a functional base for equipment storage, workshop needs, or staging while you plan what to build on the cleared area.
A driveway is in place, and the front portion of the site has been cleared to support a potential homesite. Water has not yet been run to the property, and a well will be needed.
With an existing metal building and key utilities already addressed through septic and electricity, the property can serve as a functional base for equipment storage, workshop needs, or staging while you plan what to build on the cleared area.
Key Highlights
- 6‑acre property with a 50x75 red iron building and rear lean‑to for additional covered space
- Front 12x14 roll‑up door and 10x10 rear door for equipment, storage, or workshop access
- Finished bathroom plus septic and electricity already installed
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
$22,844
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
3.97%
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%
$456,880
$456.9K
Cap Rate 7%
$326,343
$326.3K
Cap Rate 9%
$253,822
$253.8K
Market Conditions
NOI Build-Up for 3,750 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
$35.6K $9.48/SF
− Vacancy
−$2.9K −$0.78/SF
EGI
$32.6K $8.70/SF
− OpEx
−$9.8K −$2.61/SF
NOI
$22.8K $6.09/SF
Area
Walton County, GA
Vacancy
8.20%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
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%
$456,880
Cap Rate 7%
$326,343
Cap Rate 9%
$253,822
Alternative Uses
Best Use
Industrial
$326.3K
$285.6K – $380.7K
NOI $22,844 @ 7.0% cap · market cap 3.97%
Second Best
Flex RnD
$312.3K
$273.3K – $364.3K
NOI $21,860 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$1.05M
$921.4K – $1.23M
NOI $73,710 @ 7.0% cap · market cap 12.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
7
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 6-acre property includes a 50x75 red iron building with roll-up doors, septic and electricity, plus a driveway.
Where is this residential land & home lot located?
The property is located at 1110 Locklin Monroe, GA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 6‑acre property with a 50x75 red iron building and rear lean‑to for additional covered space; Front 12x14 roll‑up door and 10x10 rear door for equipment, storage, or workshop access; Finished bathroom plus septic and electricity already installed
