Historic Bed & Breakfast
For Sale
$795,000
421 E Greene Street Monticello, Monticello, GA 31064
Operating hospitality property with guest quarters, event areas, catering kitchen, and outdoor gathering spaces on 1.85 acres.
Property Size3,199 SF
Price / SF$248.52
Days on Market61
Property Features for 421 E Greene Street Monticello
General Information
Standard status
Active
Size
3,199 SF
Total Parking Spaces
8
Additional Details
Furnished
No
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$6,078
Amenities
Commercial Grade Catering Kitchen
Restaurant Style Sun Room
Courtyard
Outdoor Entertainment spaces
Deck
Hardwood,Other,Tile
true
Public Records
Square Feet
Wood
Equipment
City Lot
Public
1.85
8
Fixtures,Other
Other
Paved
County Road,Other
3199
Building Details
Building Size
3,199 SF
Year Built
1820
Listing Agency:
(706) 480-5310
Listed By:
Dayne Kimsey
(706) 480-5310
Source:
Thesoldsquad
Added: Jul 1
Changed: Aug 30
Last Checked: Aug 30 at 2:09PM
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 Dayne Kimsey
Investment Insights
Based on property information with market context.
Built in 1820, this 3,199-square-foot bed and breakfast property combines historic residential character with an operating hospitality venue. The layout includes one ensuite living quarter on the main level and four additional rentable living quarters upstairs, supported by three bathing areas. Hardwood and tile surfaces, multiple parlors, a dining area, Great Room, Keeping Room, and Living Room provide a varied interior configuration.
Event-oriented improvements include a commercial-grade catering kitchen, restaurant-style sun room, courtyard, upper-level deck, and outdoor entertainment areas. A large front porch with Colonial pillars opens to wraparound green space. The property is listed on the National Register of Historic Places and includes a Georgia Historical Marker. Located at 421 E Greene Street in Monticello, Georgia, the property occupies a 1.85-acre city lot and offers a combined lodging, event, and residential configuration.
Event-oriented improvements include a commercial-grade catering kitchen, restaurant-style sun room, courtyard, upper-level deck, and outdoor entertainment areas. A large front porch with Colonial pillars opens to wraparound green space. The property is listed on the National Register of Historic Places and includes a Georgia Historical Marker. Located at 421 E Greene Street in Monticello, Georgia, the property occupies a 1.85-acre city lot and offers a combined lodging, event, and residential configuration.
Key Highlights
- 3,199‑square‑foot property built in 1820
- 1.85‑acre city lot at 421 E Greene Street, Monticello, GA 31064
- One main‑level ensuite living quarter plus 4 additional rentable living quarters
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
$42,838
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
5.39%
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%
$856,760
$856.8K
Cap Rate 7%
$611,971
$612.0K
Cap Rate 9%
$475,978
$476.0K
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
$76.4K $23.87/SF
− Vacancy
−$19.2K −$6.02/SF
EGI
$57.1K $17.85/SF
− OpEx
−$14.3K −$4.46/SF
NOI
$42.8K $13.39/SF
Area
Jasper 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%
$856,760
Cap Rate 7%
$611,971
Cap Rate 9%
$475,978
Alternative Uses
Best Use
Office B
$612.0K
$535.5K – $714.0K
NOI $42,838 @ 7.0% cap · market cap 5.39%
Second Best
Mixed Use
$555.3K
$485.9K – $647.8K
NOI $38,868 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$894.2K
$782.5K – $1.04M
NOI $62,597 @ 7.0% cap · market cap 7.87%
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
Balanced
Demand for This Use
Explore this area
Business Placement
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bed & breakfast - Operating hospitality property with guest quarters, event areas, catering kitchen, and outdoor gathering spaces on 1.85 acres.
Where is this bed & breakfast located?
The property is located at 421 E Greene Street Monticello Monticello, GA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 3,199‑square‑foot property built in 1820; 1.85‑acre city lot at 421 E Greene Street, Monticello, GA 31064; One main‑level ensuite living quarter plus 4 additional rentable living quarters
