Renovated Office Building with
333 Alcovy #5 Monroe, GA 30655
333 Alcovy #5, Monroe, GA, 30655
$348,000
For Sale
$348,000
Newly renovated office building with a reception area, conference room, break room, and seven office suites.
Property Size1,600 SF
Price / SF$217.50
Days on Market190
Property Features for 333 Alcovy #5
General Information
- Standard status
- Active
- Size
- 1,600 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1966
Listing agency
MALCOM & MALCOM
(404) 218-2213
Listed by
LEE MALCOM · License #203677
Source
Corcoran
Added: Jan 14 Updated: Jul 23 at 4:31AM Checked: Jul 23 at 4:31AM
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 MALCOM & MALCOM
Investment Insights
Based on property information with market context.
This newly renovated commercial office building offers a reception area, a conference room, and a break room, along with seven office suites designed for a range of office uses. The building includes two bathrooms for employee and visitor convenience.
Located in downtown Monroe, the property is described as benefiting from high visibility and foot traffic. Parking is available in a connected parking lot for employees and clients.
Overall, the layout combines common-area functionality with multiple private office suites, supported by two restrooms and the reception-to-meeting flow intended for regular customer or guest traffic.
Located in downtown Monroe, the property is described as benefiting from high visibility and foot traffic. Parking is available in a connected parking lot for employees and clients.
Overall, the layout combines common-area functionality with multiple private office suites, supported by two restrooms and the reception-to-meeting flow intended for regular customer or guest traffic.
Key Highlights
- Newly renovated commercial office building built in 1966 with 1,600 SF
- Reception area plus a conference room for client meetings and collaboration
- Break room and seven versatile office suites for flexible office use
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.2k | $23.87 |
| − Vacancy | −$9.6k | −$6.02 |
| EGI | $28.6k | $17.85 |
| − OpEx | −$7.1k | −$4.46 |
| NOI | $21.4k | $13.39 |
1,600 SF · lease $23.87/SF/yr · vacancy 25.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$306.1K
$267.8K – $357.1K
NOI $21,426 @ 7.0% cap · market cap 6.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$449.3K
$393.1K – $524.2K
NOI $31,450 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Newly renovated office building with a reception area, conference room, break room, and seven office suites.
Where is this office units located?
The property is located at 333 Alcovy #5 Monroe, GA.
What is the asking price?
The asking price for this property is $348,000.
What are key features of this property?
This property features: Newly renovated commercial office building built in 1966 with 1,600 SF; Reception area plus a conference room for client meetings and collaboration; Break room and seven versatile office suites for flexible office use
