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 Market125
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) 267-0092
Listed By:
Laura Malcom
(770) 856-2905
Source:
Exprealty
Added: Jun 8
Changed: Oct 2
Last Checked: Oct 9 at 11:00PM
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 / Yr
$21,426
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
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
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 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
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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
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Market
Vacancy Rate% for Office in South region
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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
