Renovated Downtown Office
333 Alcovy Street Unit 5, Monroe, GA 30655
For Sale
Contact for pricing
Renovated office building with reception, conference room, break room, and seven suites near downtown amenities.
Property Size1,600 SF
Price / SF$203.13
Days on Market155
Property Features for 333 Alcovy Street Unit 5
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Office Units
Building Details
Year Built
Listing Agency:
Malcom and Malcom Realty Prof, LLC.
Listed By:
Lee P Malcom · License GA #203677
(404) 218-2213
Source:
Crexi
Added: Jun 9
Changed: Aug 8
Last Checked: Aug 8 at 3:35PM
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 and Malcom Realty Prof, LLC.
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Investment Insights
Based on property information with market context.
This newly renovated commercial building offers approximately 1,600 square feet of office space arranged for day-to-day business use. The interior includes a reception area for greeting visitors, a spacious conference room for meetings, and a break room for staff. The layout also provides seven versatile office suites, along with two conveniently located bathrooms to support employees and guests. The building is designed to support multiple teams or professional functions within a single property.
Located in downtown Monroe, the property is described as benefiting from high visibility and foot traffic. Access is supported by an attached/connected parking lot with ample parking available for employees and clients.
The suite-based configuration makes the building a practical fit for professional users that want private offices alongside a shared front-of-house reception and meeting space. It may also suit buyers seeking an owner-occupied environment with multiple enclosed offices, supported by restrooms and a dedicated break room for tenant comfort.
Located in downtown Monroe, the property is described as benefiting from high visibility and foot traffic. Access is supported by an attached/connected parking lot with ample parking available for employees and clients.
The suite-based configuration makes the building a practical fit for professional users that want private offices alongside a shared front-of-house reception and meeting space. It may also suit buyers seeking an owner-occupied environment with multiple enclosed offices, supported by restrooms and a dedicated break room for tenant comfort.
Key Highlights
- Renovated commercial building built in 1966 with 1,600 SF of office space
- Reception area, conference room, and break room for day‑to‑day business use
- Seven versatile office suites with multiple workspace options
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,426
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$428,520
$428.5K
Cap Rate 7%
$306,086
$306.1K
Cap Rate 9%
$238,067
$238.1K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$38.2K $23.87/SF
− Vacancy
−$9.6K −$6.02/SF
EGI
$28.6K $17.85/SF
− OpEx
−$7.1K −$4.46/SF
NOI
$21.4K $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%
$428,520
Cap Rate 7%
$306,086
Cap Rate 9%
$238,067
Alternative Uses
Best Use
Office B
$306.1K
$267.8K – $357.1K
NOI $21,426 @ 7.0% cap · market cap 6.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$447.3K
$391.4K – $521.8K
NOI $31,308 @ 7.0% cap · market cap 9.63%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
7
Office units
Location Intelligence
Trade Area within ½ mile
409
Businesses Nearby
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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
$290,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Walton County, GA
Properties on Market for Office Units in Walton County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Renovated office building with reception, conference room, break room, and seven suites near downtown amenities.
Where is this office unit located?
The property is located at 333 Alcovy Street Unit 5 Monroe, GA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Renovated commercial building built in 1966 with 1,600 SF of office space; Reception area, conference room, and break room for day‑to‑day business use; Seven versatile office suites with multiple workspace options
