Downtown Monroe Auto Repair
521 S Madison Avenue Monroe, GA 30655
521 S Madison Avenue, Monroe, GA, 30655
$295,000
For Sale
$295,000
2400 SF metal building with four bays and office.
Property Size2,400 SF
Lot Size0.21 Acres
Price / SF$122.92
Days on Market677
Property Features for 521 S Madison Avenue
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Lot size
- 0.21 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1997
Listing agency
Shea Real Estate Group
(678) 372-1286
Listed by
John Shea · License #249846
Source
Corcoran
Added: Sep 13, 2024 Updated: Jul 6 at 9:55AM Checked: Jul 21 at 4:49AM
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 Shea Real Estate Group
Investment Insights
Based on property information with market context.
Located in downtown Monroe, this property features a 2400 square foot metal building. Currently operating as a car repair garage, the building includes four bays and an office. This property presents a business opportunity for automotive-related ventures.
Key Highlights
- 2400 sq ft metal building in downtown Monroe
- Currently used as a car repair garage
- Great business opportunity
Local Financial Insights For Industrial
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 | $22.8k | $9.48 |
| − Vacancy | −$1.9k | −$0.78 |
| EGI | $20.9k | $8.70 |
| − OpEx | −$6.3k | −$2.61 |
| NOI | $14.6k | $6.09 |
2,400 SF · lease $9.48/SF/yr · vacancy 8.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$482.2K
$422.0K – $562.6K
NOI $33,757 @ 7.0% cap · market cap 11.44%
Second Best
Industrial
$208.9K
$182.8K – $243.7K
NOI $14,620 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$673.9K
$589.7K – $786.2K
NOI $47,174 @ 7.0% cap · market cap 15.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mc Carty Auto ...
Car Dealership
Similar For Sale Nearby
Similar Off Market Nearby
- Allen's Upholstery & Auto Trim — 106 w fambrough st # g, monroe, ga 30655
- $ Change $ Car Care Products — Monroe, GA 30655
- AROB Performance — 1102 S Madison Ave, Monroe, GA 30655
- Nomo's Best Deal MOBILE Used Tires And Auto — 137 E Fambrough St, Monroe, GA 30655
- Wood Auto Electric — 1216 Mathis St, Monroe, GA 30655
FAQs
What type of property is this?
Auto shop - 2400 SF metal building with four bays and office.
Where is this auto shop located?
The property is located at 521 S Madison Avenue Monroe, GA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 2400 sq ft metal building in downtown Monroe; Currently used as a car repair garage; Great business opportunity
