Six-Bay Auto Repair
New
For Sale
$1,100,000
381 Plaza Dr, Monroe, GA 30655
Equipped commercial facility with lifts, office space, customer reception, and secured grounds.
Property Size2,502 SF
Price / SF$439.65
Days on Market7
Property Features for 381 Plaza Dr
General Information
Standard status
Active
Size
2,502 SF
Building Details
Year Built
1999
Listing Agency:
Joe Stockdale Real Estate, LLC
(678) 825-7940
Listed By:
Dexter B Marion · License #390314
Source:
Atlantarealestatedirectory
Added: Aug 24
Changed: Aug 29
Last Checked: Aug 29 at 1:51PM
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 Joe Stockdale Real Estate, LLC
Investment Insights
Based on property information with market context.
The automotive service facility at 381 Plaza Dr includes a six-bay work area served by three overhead doors and three lifts. The 2,502-square-foot heated and cooled workspace also contains a reception area, private office, half bathroom, and storage. Central AC, ceiling-mounted radiant gas heaters, insulation, reinforced concrete floors, and heavy-duty shelving support daily operations. Some equipment and furniture are included.
A security system and perimeter security fence protect the building and work area. The property provides customer and inventory parking, visible street frontage, prominent signage, and convenient access to major roadways in Monroe, Georgia. Automotive zoning supports continued use as a repair and service facility.
A security system and perimeter security fence protect the building and work area. The property provides customer and inventory parking, visible street frontage, prominent signage, and convenient access to major roadways in Monroe, Georgia. Automotive zoning supports continued use as a repair and service facility.
Key Highlights
- Six service bays with three overhead doors
- Three lifts included with some equipment and furniture
- 2,502 square feet of heated and cooled workspace
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
$35,192
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
3.20%
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%
$703,840
$703.8K
Cap Rate 7%
$502,743
$502.7K
Cap Rate 9%
$391,022
$391.0K
Market Conditions
NOI Build-Up for 2,502 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
$54.9K $21.96/SF
− Vacancy
−$4.7K −$1.87/SF
EGI
$50.3K $20.09/SF
− OpEx
−$15.1K −$6.03/SF
NOI
$35.2K $14.07/SF
Area
Walton County, GA
Vacancy
8.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
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%
$703,840
Cap Rate 7%
$502,743
Cap Rate 9%
$391,022
Alternative Uses
Best Use
Retail
$502.7K
$439.9K – $586.5K
NOI $35,192 @ 7.0% cap · market cap 3.20%
Second Best
Industrial
$217.7K
$190.5K – $254.0K
NOI $15,242 @ 7.0% cap · market cap 1.39%
Theoretical Best
Office A
$702.6K
$614.7K – $819.7K
NOI $49,179 @ 7.0% cap · market cap 4.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
343
Businesses Nearby
Well-served
Demand for This Use
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Hometown Tire Discounters — 805 W Spring St, Monroe, GA 30655
- Cartech Automotive — 138 W Spring St, Monroe, GA 30655
- Autoshine window tinting — 136 W Spring St, Monroe, GA 30655
- Monroe Auto Service Center — 381 Plaza Dr, Monroe, GA 30655
- E-Z Trek — 614 D, 600 Ridge Rd, Monroe, GA 30655
Frequently Asked Questions
What type of property is this?
Auto shop - Equipped commercial facility with lifts, office space, customer reception, and secured grounds.
Where is this auto shop located?
The property is located at 381 Plaza Dr Monroe, GA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Six service bays with three overhead doors; Three lifts included with some equipment and furniture; 2,502 square feet of heated and cooled workspace
