Historic Office
For Sale
$314,900
223 S Madison Avenue, Monroe, GA 30655
Commercial Sale, Monroe, GA
Property Size1,874 SF
Lot Size0.15 Acres
Price / SF$168.04
Days on Market561
Property Features for 223 S Madison Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Parking features
Parking Lot
Lot features
City Lot, Level
Directions
From Hwy 11N/Broad St traveling North take a right onto Washington St to Right onto S Madison Avenue at US Post Office; property is house located just past post office on the left. #223 From Hwy 11S/Broad St traveling South, take a left onto Washington St to Right onto S Madison Ave at US Post Office; property is located just past post office on the left. #223
Standard status
Active
APN
M0140121
Size
1,874 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
3994
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Amenities
sprawling front porch
handicap ramp access
Building Details
Year built
1930
Flooring type
Carpet, Hardwood
Building materials
Wood Siding
Roof type
Composition
Listing Agency:
Malcom & Malcom Realty Prof.
(770) 267-0092
Listed By:
Andrea Malcom Campbell · License #378176
(678) 227-0990
Added: Apr 1, 2025
Changed: Sep 12
Last Checked: Oct 13 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.
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
$526.2K
$460.4K – $613.9K
NOI $36,835 @ 7.0% cap · market cap 11.70%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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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
