Historic Office
223 S Madison Avenue, Monroe, GA 30655
For Sale
$314,900
Commercial Sale, Monroe, GA
Property Size1,874 SF
Lot Size0.15 Acres
Price / SF$168.04
Days on Market589
Property Features for 223 S Madison Avenue
General Information
Property type
Property subtype
Parking features
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Malcom & Malcom Realty Prof.
(770) 267-0092
Listed By:
Andrea Malcom Campbell · License GA #378176
(678) 227-0990
Added: Apr 1, 2025
Changed: Oct 23
Last Checked: Nov 10 at 11:06PM
MLS# 10510827
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,874-square-foot office property occupies a 0.15-acre site and dates to 1930. The wood-sided building retains hardwood and carpet flooring, a spacious front porch, and a rear entrance with handicap ramp access. Central electric heating and cooling serve the interior, while the property also includes a composition roof, parking lot, public water, public sewer, and cable availability.
Located at 223 S Madison Avenue in Monroe, the building sits in the downtown area next to the Monroe US Post Office. Dining, retail, private gyms, and a spa are within walking distance, and the Town Green hosts Friday Night Concerts. The property is positioned for a small business headquarters or other office use supported by its existing commercial setting.
Located at 223 S Madison Avenue in Monroe, the building sits in the downtown area next to the Monroe US Post Office. Dining, retail, private gyms, and a spa are within walking distance, and the Town Green hosts Friday Night Concerts. The property is positioned for a small business headquarters or other office use supported by its existing commercial setting.
Key Highlights
- 1,874 SF office property on a 0.15‑acre site
- 1930 construction with wood siding and a composition roof
- Front porch plus rear handicap ramp access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,095
Cap Rate
7.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,900
$501.9K
Cap Rate 7%
$358,500
$358.5K
Cap Rate 9%
$278,833
$278.8K
Market Conditions
NOI Build-Up for 1,874 SF
Gross rent
$44.7K $23.87/SF
− Vacancy
−$11.3K −$6.02/SF
EGI
$33.5K $17.85/SF
− OpEx
−$8.4K −$4.46/SF
NOI
$25.1K $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 Rate 5%
$501,900
Cap Rate 7%
$358,500
Cap Rate 9%
$278,833
Alternative Uses
Best Use
Office B
$358.5K
$313.7K – $418.3K
NOI $25,095 @ 7.0% cap · market cap 7.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$523.9K
$458.4K – $611.2K
NOI $36,670 @ 7.0% cap · market cap 11.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
845
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
$290,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office buildings in Walton County, GA
Properties on Market for Office buildings in Walton County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Standalone office property with a broad front porch, parking lot, and convenient public utility service.
Where is this office building located?
The property is located at 223 S Madison Avenue Monroe, GA.
What is the asking price?
The asking price for this property is $314,900.
What are key features of this property?
This property features: 1,874 SF office property on a 0.15‑acre site; 1930 construction with wood siding and a composition roof; Front porch plus rear handicap ramp access
