Updated Office
For Sale
$309,900
155 Bankers Boulevard, Monroe, GA 30655
SINGLE_FAMILY - Monroe, GA
Property Size1,174 SF
Lot Size0.03 Acres
Price / SF$263.97
Days on Market50
Property Features for 155 Bankers Boulevard
General Information
Property type
Residential
Property subtype
Office
Zoning description
Commercial
Bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1
Parking
4
Security features
Security Lighting
Interior features
High Ceilings
Accessibility
Accessible Approach with Ramp
Appliances
Electric Water Heater, Microwave, Refrigerator
Directions
Hwy 78 to Spring St through light at Hwy 138 and take next right onto Bankers Blvd. Builidng will be to left at 4 way stop.
Standard status
Active
APN
M0020-00200-6
Size
1,174 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Description
M0020-00200-6
HOA Fee
$1,980 Annually
Legal Description
M0020-00200-6
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Electric (Heating)
Cooling system
Electric, Heat Pump
Water source
Public
Building Details
Year built
2006
Floors in Building
1
Flooring type
Tile - Ceramic, Vinyl
Building materials
Brick
Roof type
Composition
Listing Agency:
Keller Williams Realty Atlanta
(678) 808-1300
Listed By:
Doug Minton · License #338899
(404) 520-0015
Added: Jun 24
Changed: Jul 27
Last Checked: Aug 12 at 2:06AM
MLS# CL358986
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.
Investment Insights
Based on property information with market context.
This 1,174-square-foot office unit occupies 0.03 acres and was built in 2006. The layout includes four private office rooms, a reception area, storage, a kitchen area, and a bathroom. Interior improvements include granite countertops, new flooring, fresh paint, new blinds, and a new HVAC system. High ceilings, ceramic tile and vinyl flooring, brick construction, and an accessible ramp approach add to the functional setup. Public water and public sewer serve the property, with an electric heat pump providing heating and cooling.
The property is located behind Longhorns and provides convenient access to nearby restaurants, shops, Hwy 78, and Hwy 138. B3 commercial zoning is in place for professional office use.
The property is located behind Longhorns and provides convenient access to nearby restaurants, shops, Hwy 78, and Hwy 138. B3 commercial zoning is in place for professional office use.
Key Highlights
- 1,174‑square‑foot office unit on 0.03 acres
- Four private office rooms plus reception, storage, kitchen area, and bathroom
- Recent upgrades include granite countertops, flooring, paint, blinds, and a new HVAC 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
$15,721
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
5.07%
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%
$314,420
$314.4K
Cap Rate 7%
$224,586
$224.6K
Cap Rate 9%
$174,678
$174.7K
Market Conditions
NOI Build-Up for 1,174 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
$28.0K $23.87/SF
− Vacancy
−$7.1K −$6.02/SF
EGI
$21.0K $17.85/SF
− OpEx
−$5.2K −$4.46/SF
NOI
$15.7K $13.39/SF
Area
Walton County, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
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%
$314,420
Cap Rate 7%
$224,586
Cap Rate 9%
$174,678
Alternative Uses
Best Use
Office B
$224.6K
$196.5K – $262.0K
NOI $15,721 @ 7.0% cap · market cap 5.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$329.7K
$288.5K – $384.6K
NOI $23,076 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
544
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 Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - B3 commercial zoning, refreshed interiors, and multiple private offices create a practical professional workspace.
Where is this office units located?
The property is located at 155 Bankers Boulevard Monroe, GA.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: 1,174‑square‑foot office unit on 0.03 acres; Four private office rooms plus reception, storage, kitchen area, and bathroom; Recent upgrades include granite countertops, flooring, paint, blinds, and a new HVAC system
