Manufacturing Facility with Dock
For Sale
$4,500,000
136 2nd Street, Monroe, GA 30655
Concrete industrial facility offering extensive warehouse capacity, office areas, truck courts, and multiple loading points.
Property Size58,000 SF
Price / SF$77.59
Days on Market51
Property Features for 136 2nd Street
General Information
Standard status
Active
Size
58,000 SF
Property subtype
Industrial
Zoning
SD-M
Warehouse & Industrial
Clear Height
22 ft
Office Build-Out
1,600 SF
Dock-High Doors
3
Drive-In Doors
4
Power
800 amps
Three-Phase Power
Yes
Sprinkler System
Yes
Building Details
Building Size
58,000 SF
Year Built
1982
Construction
concrete
Listing Agency:
(770) 601-5451
Listed By:
Jason McCart, SIOR
Source:
Kingindustrial
Added: Jul 11
Changed: Aug 30
Last Checked: Aug 30 at 12:51PM
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 Jason McCart, SIOR
Investment Insights
Based on property information with market context.
This 58,000± SF industrial property includes a 42,000± SF main warehouse measuring 250' x 168' and 16,000± SF of additional side warehouse rooms. The building also provides 1,600± SF of office and support space with two private offices, a reception area, a break area, and restrooms. Loading includes drive-in doors measuring 14' x 16' and 12' x 16', two 8' x 8' rear-alley van-access doors, two 9' x 12' dock doors, and an 8' x 8' dock door, plus one additional 8' x 8' door identified as a possible dock door.
The facility has a 22' clear ceiling, wet sprinklers, 220/480-volt service, 800 amps, and 3-phase power. Two concrete truck courts measure 130' and 160'. The property is zoned SD-M within the City of Monroe Mill District, has 30' column spacing, and provides 84' from the column centers to the front and rear walls. Built in 1982 as a textile manufacturing facility, the building is constructed entirely of concrete.
The facility has a 22' clear ceiling, wet sprinklers, 220/480-volt service, 800 amps, and 3-phase power. Two concrete truck courts measure 130' and 160'. The property is zoned SD-M within the City of Monroe Mill District, has 30' column spacing, and provides 84' from the column centers to the front and rear walls. Built in 1982 as a textile manufacturing facility, the building is constructed entirely of concrete.
Key Highlights
- 58,000± SF total building area with a 42,000± SF main warehouse
- 16,000± SF of additional side warehouse rooms plus 1,600± SF of office and support space
- 22' clear ceiling height with wet sprinkler system
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
$353,327
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
7.85%
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%
$7,066,540
$7.1M
Cap Rate 7%
$5,047,529
$5.0M
Cap Rate 9%
$3,925,856
$3.9M
Market Conditions
NOI Build-Up for 58,000 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
$549.8K $9.48/SF
− Vacancy
−$45.1K −$0.78/SF
EGI
$504.8K $8.70/SF
− OpEx
−$151.4K −$2.61/SF
NOI
$353.3K $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%
$7,066,540
Cap Rate 7%
$5,047,529
Cap Rate 9%
$3,925,856
Alternative Uses
Best Use
Warehouse
$6.08M
$5.32M – $7.10M
NOI $425,769 @ 7.0% cap · market cap 9.46%
Second Best
Industrial
$5.05M
$4.42M – $5.89M
NOI $353,327 @ 7.0% cap · market cap 7.85%
Theoretical Best
Office A
$16.29M
$14.25M – $19.00M
NOI $1,140,048 @ 7.0% cap · market cap 25.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
22 ft
Clear height
3
Dock-high doors
4
Drive-in doors
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
429
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?
Manufacturing property - Concrete industrial facility offering extensive warehouse capacity, office areas, truck courts, and multiple loading points.
Where is this manufacturing property located?
The property is located at 136 2nd Street Monroe, GA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 58,000± SF total building area with a 42,000± SF main warehouse; 16,000± SF of additional side warehouse rooms plus 1,600± SF of office and support space; 22' clear ceiling height with wet sprinkler system
