Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Homesite in Alcovy Bluffs Title is generated by Realmo AI

    2661 Alexis Way, Monroe, GA 30656

    View on Map
    Claim this Listing
    For Sale
    $124,900

    LAND - Monroe, GA

    Lot size:
    1.42 Acres
    Added:
    Mar 13, 2026
    Days on Market:
    82
    Last Refresh:
    Jun 2 at 6:06 am

    Property Features for 2661 Alexis Way

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    N059C105
    Lot size
    1.42 Acres

    Taxes and HOA fees

    Tax Annual Amount
    942

    Utilities

    Sewer type
    Septic Tank
    Water source
    Public

    We can help!

    Listing Contact
    Dinu Dariy

    Listing agent Dinu Dariy License #406809

    Listing office eXp Realty 1372 Peachtree St NE, Atlanta, GA

    Listing date Mar 13, 2026

    MLS# 10709560 Listing URL

    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.

    HighLights

    • Build‑ready lot with approved soils and plat, saving time and expense.
    • Located in the desirable Alcovy Bluffs subdivision.
    • Access to community swim and tennis amenities.
    • Conveniently located near downtown Monroe and Loganville.
    • Spacious 1.42‑acre residential homesite on a paved street near a cul‑de‑sac.
    • Bring your own builder to design a custom home.

    Overview

    This 1.42-acre residential homesite is located in the established Alcovy Bluffs subdivision in Monroe, GA. The property, with soils approved and plat ready, is situated on a paved street near the cul-de-sac. The lot offers a setting surrounded by well-maintained homes in a desirable neighborhood. Design a custom home tailored to your lifestyle. Residents of Alcovy Bluffs enjoy access to swim and tennis amenities, adding to the community appeal while maintaining a quiet and welcoming atmosphere. Conveniently located near downtown Monroe, Loganville, and surrounding areas, you'll have easy access to shopping, dining, and everyday essentials while enjoying the charm of an established neighborhood.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Building Supply Auto Repair Shop HVAC Service Electrical Service Bakery

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Walton
    State
    Georgia
    Longitude
    -83.81054
    Latitude
    33.870872

    Nearby Similar for Sale

    • $499,900

      Versatile Property on 2 Acres

      Spacious property suitable for residential or commercial use.
      1409 Hwy 11 N, Monroe, GA 30656
      View Details
    • $1,349,000

      Historic Manor in Downtown Monroe

      Elegant estate blending historic charm with modern comforts.
      410 E Church Street, Monroe, GA 30655
      View Details
    • $347,500
      1,600 SF

      Renovated Commercial Building in Downtown

      Newly renovated 1,600 SF commercial building in thriving downtown area.
      333 Alcovy Street, Monroe, GA 30655
      View Details
    • $348,000
      1,600 SF

      Renovated Commercial Building in Downtown

      Modern, well-appointed commercial space in a thriving downtown area.
      333 Alcovy Street, Monroe, GA 30655
      View Details
    • $409,000

      Income-Producing Duplex in Monroe, GA

      Fully rented duplex with long-term tenants, ideal for investors.
      122 Nowell Street, Monroe, GA 30655
      View Details
    • $980,823

      Monroe Car Wash Investment Opportunity

      Turn-key car wash in growing Monroe, GA with strong NOI.
      690 W Spring Street, Monroe, GA 30655
      View Details
    • $199,900
      1,500 SF

      Land with Renovation Opportunity

      2.24 acre lot near Monroe with renovation potential.
      2275 Highway 11 NW, Monroe, GA 30656
      View Details
    • $2,187,031

      Monroe Land: Industrial/Commercial Potential

      39.44-acre tract at a 4-way intersection near Monroe By-Pass.
      1230 Good Hope Road, Monroe, GA 30655
      View Details
    • $725,000

      25 Acres Near Downtown Monroe

      25-acre land parcel near downtown Monroe, Georgia.
      1023 Poplar Street, Monroe, GA 30655
      View Details
    • $2,187,031
      2,014 SF

      39.44 Acres in Monroe, GA

      39.44-acre tract suitable for industrial or commercial development.
      1230 Good Hope Road, Monroe, GA 30655
      View Details
    • $19,900

      Residential Lot Near Downtown Monroe

      Residential lot near historic downtown Monroe, zoned R1A.
      515 Birch Street, Monroe, GA 30656
      View Details
    • $34,900

      Residential Lot Near Downtown Monroe

      Residential lot near historic downtown Monroe, zoned R1A.
      525 Birch ST, Monroe, GA 30656
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Build-ready 1.42-acre lot in Monroe, GA with swim/tennis.
    Where is this residential land & home lot located?
    The property is located at 2661 Alexis Way Monroe, GA.
    What is the asking price?
    The asking price for this property is $124,900.
    What are key features of this property?
    This property features: Build‑ready lot with approved soils and plat, saving time and expense.; Located in the desirable Alcovy Bluffs subdivision.; Access to community swim and tennis amenities.
    (678) 908-9717
    We can help!
    Listing Contact
    Dinu Dariy
    Real Estate License ID: 406809
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2661 Alexis Way, Monroe, GA 30656
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!