Metal Grocery Store
For Sale
$1,200,000
1900 Ga Highway 16 W, Monticello, GA 31064
An established Dollar General occupancy operates from this metal commercial building.
Property Size7,800 SF
Lot Size1.24 Acres
Price / SF$153.85
Days on Market27
Property Features for 1900 Ga Highway 16 W
General Information
Standard status
Active
Size
7,800 SF
Lot size
1.24 Acres
Additional Details
Pylon Signage
No
Taxes and HOA fees
Annual Taxes
$4,108
Building Details
Year Built
2003
Construction
metal building
Tenancy
Single
Listing Agency:
Above All Realty
(706) 308-8084
Listed By:
Susan Hart · License #160705
(706) 308-8084
Source:
Exprealty
Added: Jul 24
Changed: Aug 18
Last Checked: Aug 18 at 1:43PM
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 Above All Realty
Investment Insights
Based on property information with market context.
Located at 1900 Ga Highway 16 W in Monticello, Georgia, this grocery and convenience store property includes a 7,800-square-foot metal building situated on 1.24 acres. Constructed in 2003, the building is currently used as a Dollar General store and includes an established tenant. The property is described as income producing, with an existing retail use already in place. Its building area, site acreage, construction type, and current occupancy define the principal physical and operational characteristics of the offering. The property does not have a sign.
Key Highlights
- 7800 square feet of building area
- 1.24 Acres
- Metal building constructed in 2003
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
$109,710
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
9.14%
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%
$2,194,200
$2.2M
Cap Rate 7%
$1,567,286
$1.6M
Cap Rate 9%
$1,219,000
$1.2M
Market Conditions
NOI Build-Up for 7,800 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
$171.3K $21.96/SF
− Vacancy
−$14.6K −$1.87/SF
EGI
$156.7K $20.09/SF
− OpEx
−$47.0K −$6.03/SF
NOI
$109.7K $14.07/SF
Area
Jasper County, GA
Vacancy
8.50%
Lease Rate
$21.96 /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%
$2,194,200
Cap Rate 7%
$1,567,286
Cap Rate 9%
$1,219,000
Alternative Uses
Best Use
Specialty Retail
$1.79M
$1.57M – $2.09M
NOI $125,349 @ 7.0% cap · market cap 10.45%
Second Best
Retail
$1.57M
$1.37M – $1.83M
NOI $109,710 @ 7.0% cap · market cap 9.14%
Theoretical Best
Office A
$2.18M
$1.91M – $2.54M
NOI $152,628 @ 7.0% cap · market cap 12.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 31064, GA
9,880
Population
4,264
Households
2.3
Avg Household Size
41
Median Age
23%
College-Educated
91%
High-School Grad
245.7 sq mi
ZIP Area
40
Density / Sq Mi
$56,961
Median Household Income
$37,557
Median Earnings
$1,020
Median Rent
$223,100
Median Home Value
Market
Vacancy Rate% for Retail 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?
Grocery and convenience store - An established Dollar General occupancy operates from this metal commercial building.
Where is this grocery and convenience store located?
The property is located at 1900 Ga Highway 16 W Monticello, GA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 7800 square feet of building area; 1.24 Acres; Metal building constructed in 2003
