Industrial Building on Home
For Sale
$505,000
1110 Locklin Road, 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$134.67
Days on Market176
Property Features for 1110 Locklin Road
General Information
Standard status
Active
Size
3,750 SF
Lot size
6.00 Acres
Property subtype
Unimproved Land
Additional Details
Drive-In Doors
2
Amenities
Deck, Porch, Electricity Available
Listing Agency:
Malcom and Malcom Realty Prof
Listed By:
First MLS
(770) 267-0092
Source:
Kw
Added: May 9
Changed: Oct 31
Last Checked: Oct 30 at 7:19PM
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 and Malcom Realty Prof
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$22,844
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
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
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 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 4.52%
Second Best
Flex RnD
$312.3K
$273.3K – $364.3K
NOI $21,860 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$1.05M
$921.4K – $1.23M
NOI $73,710 @ 7.0% cap · market cap 14.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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
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 Road Monroe, GA.
What is the asking price?
The asking price for this property is $505,000.
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
