Downtown Office Building with
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 size:
1,600 SFPrice / SF:
$203/SF- Added:
- Jun 16, 2026
- Days on Market:
- 25
- Last Refresh:
- Jul 1 at 2:19 am
Property Features for 5-333 Alcovy St
General Information
- Standard status
- Active
- Size
- 1,600 SF
Listing office Malcom and Malcom Realty Prof, LLC. (770) 856-2905
Listing date Jun 16, 2026
Source Exprealty
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
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.2k | $23.87 |
| − Vacancy | −$9.6k | −$6.02 |
| EGI | $28.6k | $17.85 |
| − OpEx | −$7.1k | −$4.46 |
| NOI | $21.4k | $13.39 |
1,600 SF · lease $23.87/SF/yr · vacancy 25.20% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
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
