Metal-Building Storefront
For Sale
$1,200,000
1900 Highway 16 W, Monticello, GA 31064
Commercial Sale, Monticello, GA
Property Size7,800 SF
Lot Size1.24 Acres
Price / SF$153.85
Days on Market49
Property Features for 1900 Highway 16 W
General Information
Property type
Commercial Sale
Property subtype
Retail
Parking features
Parking Lot
Security features
Security
Lot features
City Lot, Level
Directions
GPS friendly
Standard status
Active
APN
M04 001
Size
7,800 SF
Lot size
1.24 Acres
Taxes and HOA fees
Tax Year
25
Tax Annual Amount
4108
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2003
Building materials
Steel Siding
Roof type
Metal
Listing Agency:
Above All Realty
(706) 308-8084
Listed By:
Susan Hart · License #160705
(706) 384-4000
Added: Jul 24
Changed: Aug 19
Last Checked: Sep 10 at 7:06AM
MLS# 10812360
Copyright © 2026 Georgia Multiple Listing Service. 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.
Located at 1900 Highway 16 W in Monticello, this storefront property occupies 1.24 acres and contains a 7800-square-foot metal building. Constructed in 2003, the building has steel siding, a metal roof, central heating, and central air conditioning. The property is currently used as a Dollar General store and has an established tenant in place.
Site infrastructure includes public water, public sewer, and water availability. A parking lot serves the building, while the Highway 16 W address provides the property's stated road access. The listing also notes that the site has no sign and requests that the tenant not be disturbed during business hours.
Site infrastructure includes public water, public sewer, and water availability. A parking lot serves the building, while the Highway 16 W address provides the property's stated road access. The listing also notes that the site has no sign and requests that the tenant not be disturbed during business hours.
Key Highlights
- 7800‑square‑foot metal building on 1.24 acres
- Current Dollar General store use with an established tenant
- Built in 2003 with steel siding and a metal roof
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
Retail
$1.57M
$1.37M – $1.83M
NOI $109,710 @ 7.0% cap · market cap 9.14%
Second Best
—
—
no second resolved use
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
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
123
Businesses Nearby
42k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 37%
Shops & Services 37%
Dining 26%
Ingles
Groceries
15,661 visits/mo
0.5 miles
Circle K
Shops & Services
10,445 visits/mo
0.1 miles
Jack's Family Restaurants
Dining
8,613 visits/mo
0.2 miles
Dollar General
Shops & Services
4,922 visits/mo
0.0 miles
SUBWAY
Dining
2,352 visits/mo
0.1 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - Existing retail occupancy, public utilities, and a parking lot support the property's current commercial use.
Where is this storefront property located?
The property is located at 1900 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‑foot metal building on 1.24 acres; Current Dollar General store use with an established tenant; Built in 2003 with steel siding and a metal roof
