Historic Bed And Breakfast
For Sale
$700,000
421 E Greene Street, Monticello, GA 31064
COMMERCIAL - Monticello, GA
Property Size3,199 SF
Lot Size1.85 Acres
Price / SF$218.82
Days on Market52
Property Features for 421 E Greene Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Res
Parking
8
Window features
Shutters
Accessibility
Accessible Approach with Ramp
Lot features
Level, Private
View
City
Directions
GPS will be best to direct you
Standard status
Active
APN
M05B 033
Size
3,199 SF
Lot size
1.85 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6078
Utilities
Utilities
Cable Available
Heating system
Central
Cooling system
Central Air
Amenities
National Historic Registration
Georgia Historical Marker
Courtyard and Outdoor Entertainment spaces
Upper Level Deck
Wrap around green space
Building Details
Year built
1820
Floors in Building
2
Flooring type
Tile, Hardwood
Building materials
Brick, Wood Siding
Roof type
Asphalt
Additional Structures
Other
Listing Agency:
Keller Williams Realty West Atlanta
(470) 907-8266
Listed By:
Shatima Tankson · License #367733
(404) 809-6350
Added: Jun 30
Changed: Aug 7
Last Checked: Aug 20 at 11:06AM
MLS# 7796840
Copyright © 2026 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1820, this 3,199-square-foot property on 1.85 acres is configured as a bed and breakfast and hospitality venue. The improvements include five living quarters, three bathing areas, window-filled parlors, a dining room, Great Room, Keeping Room, Living Room, restaurant-style sunroom, and a main-level ensuite living area. A commercial-grade catering kitchen supports event and food-service operations, while the courtyard, outdoor entertainment areas, upper-level deck, front porch, and surrounding green space expand the usable gathering areas.
The property is located at 421 E Greene Street in Monticello, Georgia, and carries National Historic Registration along with a Georgia Historical Marker. Brick and wood siding, hardwood and tile flooring, central heating and cooling, an asphalt roof, and an accessible approach with ramp are among the documented physical features. The layout also supports residential or live-work use.
The property is located at 421 E Greene Street in Monticello, Georgia, and carries National Historic Registration along with a Georgia Historical Marker. Brick and wood siding, hardwood and tile flooring, central heating and cooling, an asphalt roof, and an accessible approach with ramp are among the documented physical features. The layout also supports residential or live-work use.
Key Highlights
- 3,199‑square‑foot property on 1.85 acres
- Five living quarters with 3 bathing areas
- Commercial‑grade catering kitchen
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
$51,409
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
7.34%
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%
$1,028,180
$1.0M
Cap Rate 7%
$734,414
$734.4K
Cap Rate 9%
$571,211
$571.2K
Market Conditions
NOI Build-Up for 3,199 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
$73.7K $23.04/SF
− Vacancy
−$5.2K −$1.61/SF
EGI
$68.5K $21.43/SF
− OpEx
−$17.1K −$5.36/SF
NOI
$51.4K $16.07/SF
Area
Jasper County, GA
Vacancy
7.00%
Lease Rate
$23.04 /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%
$1,028,180
Cap Rate 7%
$734,414
Cap Rate 9%
$571,211
Alternative Uses
Best Use
Specialty Retail
$734.4K
$642.6K – $856.8K
NOI $51,409 @ 7.0% cap · market cap 7.34%
Second Best
Industrial
$278.4K
$243.6K – $324.8K
NOI $19,488 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$894.2K
$782.5K – $1.04M
NOI $62,597 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
246
Businesses Nearby
24k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
BP
Shops & Services
10,506 visits/mo
0.5 miles
Family Dollar
Shops & Services
4,114 visits/mo
0.2 miles
Valero Energy
Shops & Services
3,487 visits/mo
0.4 miles
Ameris Bank
Shops & Services
2,393 visits/mo
0.3 miles
BP
Shops & Services
2,003 visits/mo
0.5 miles
Demographics for 31064, GA
9,880
Population
4,264
Households
2.3
Avg Household Size
41
Median Age
23%
College-Educated
91%
High-School Grad
245.7 sq mi
ZIP Area
40
Density / Sq Mi
$56,961
Median Household Income
$37,557
Median Earnings
$1,020
Median Rent
$223,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bed & breakfast - Includes a commercial-grade catering kitchen, guest quarters, event rooms, and outdoor gathering areas.
Where is this bed & breakfast located?
The property is located at 421 E Greene Street Monticello, GA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 3,199‑square‑foot property on 1.85 acres; Five living quarters with 3 bathing areas; Commercial‑grade catering kitchen
