Renovated Downtown Office
For Sale
Contact for pricing
333 Alcovy Street Unit 5, Monroe, GA 30655
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 Market62
Property Features for 333 Alcovy Street Unit 5
General Information
Standard status
Active
Size
1,600 SF
Total Parking Spaces
20
Property subtype
Office
Zoning
p
Additional Details
Office Units
7
Building Details
Year Built
1966
Listing Agency:
Malcom and Malcom Realty Prof, LLC.
(404) 218-2213
Listed By:
Lee P Malcom · License #203677
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,426
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
$449.3K
$393.1K – $524.2K
NOI $31,450 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
7
Office units
Location Intelligence
Trade Area within ½ mile
409
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Renovated office building with reception, conference room, break room, and seven suites near downtown amenities.
Where is this office units 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
