Downtown Office Building with
For Sale
$325,000
5-333 Alcovy St, Monroe, GA 30655
Newly renovated office building with a reception area, conference room, break room, and multiple office suites in downtown Monroe.
Property Size1,600 SF
Price / SF$203.13
Days on Market78
Property Features for 5-333 Alcovy St
General Information
Standard status
Active
Size
1,600 SF
Additional Details
Office Units
7
Taxes and HOA fees
Annual Taxes
$3,053
Listing Agency:
Malcom and Malcom Realty Prof, LLC.
(770) 856-2905
Listed By:
Laura Malcom · License #203677
(770) 856-2905
Source:
Exprealty
Added: Jun 8
Changed: Aug 20
Last Checked: Aug 23 at 6:21AM
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 office building offers a modern, professional layout designed for day-to-day business operations. The interior includes a reception area to welcome visitors, a spacious conference room for meetings and collaboration, and a well-equipped break room for staff convenience. The building is configured with seven versatile office suites, supported by two bathrooms for employees and guests. Overall, the mix of shared common space and private offices supports a range of office users seeking a turnkey environment.
The property is located in downtown Monroe and is presented as benefiting from high visibility and foot traffic. Access is supported by ample parking available in a connected parking lot, which helps accommodate both employees and clients.
For tenants or buyers looking for an office property with multiple suites, this building provides a practical setup for professionals and service-oriented businesses. Its reception, conference, and break room amenities support visitor-facing operations, while the seven suites provide room for established teams or organizations that need individual offices within a single facility.
The property is located in downtown Monroe and is presented as benefiting from high visibility and foot traffic. Access is supported by ample parking available in a connected parking lot, which helps accommodate both employees and clients.
For tenants or buyers looking for an office property with multiple suites, this building provides a practical setup for professionals and service-oriented businesses. Its reception, conference, and break room amenities support visitor-facing operations, while the seven suites provide room for established teams or organizations that need individual offices within a single facility.
Key Highlights
- Newly renovated commercial office building in downtown Monroe with 1,600 SF of space
- Reception area plus a conference room and break room for meetings and day‑to‑day operations
- Seven versatile office suites for flexible business use
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
895
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 building - Newly renovated office building with a reception area, conference room, break room, and multiple office suites in downtown Monroe.
Where is this office building located?
The property is located at 5-333 Alcovy St 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: Newly renovated commercial office building in downtown Monroe with 1,600 SF of space; Reception area plus a conference room and break room for meetings and day‑to‑day operations; Seven versatile office suites for flexible business use
