Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Highway 78 Industrial Land Opportunity Title is generated by Realmo AI

    51 Highway 78, Monroe, GA 30655

    View on Map
    Claim this Listing
    For Sale
    $675,000

    M-2 zoned land suitable for outdoor storage and industrial applications.

    Type:Land or Vacant Lot
    Added:
    Apr 10, 2026
    Days on Market:
    54
    Last Refresh:
    Apr 10 at 8:27 pm

    Property Features for 51 Highway 78

    General Information

    Standard status
    Active
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    Harry Doster

    Listing agent Harry Doster License #143638

    Listing office Keller Williams Realty Atl. Partners

    Listing date Apr 10, 2026

    Source Corcoran

    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 Keller Williams Realty Atl. Partners

    HighLights

    • Zoned M‑2 for industrial applications
    • Suitable for outdoor storage
    • Located on Hwy 78 near 316
    • On the Walton Oconee border at the Apalachee River
    • Excel Decel lane already constructed
    • Shared access with sand mining pit

    Overview

    This property, zoned M-2, presents a significant opportunity along Highway 78, situated near 316 on the Walton Oconee border at the Apalachee River. It is suitable for users requiring outdoor storage and various industrial applications. The property benefits from an existing excel decel lane, which is shared with the sand mining pit located behind the property.
    Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Restaurant HVAC Service Garden Center Bakery Nursing Home Nursing Home Adult Day Care

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Walton
    State
    Georgia
    Longitude
    -83.60806
    Latitude
    33.872536

    Nearby Similar for Sale

    • $499,900

      Versatile Property on 2 Acres

      Spacious property suitable for residential or commercial use.
      1409 Hwy 11 N, Monroe, GA 30656
      View Details
    • $1,349,000

      Historic Manor in Downtown Monroe

      Elegant estate blending historic charm with modern comforts.
      410 E Church Street, Monroe, GA 30655
      View Details
    • $347,500
      1,600 SF

      Renovated Commercial Building in Downtown

      Newly renovated 1,600 SF commercial building in thriving downtown area.
      333 Alcovy Street, Monroe, GA 30655
      View Details
    • $348,000
      1,600 SF

      Renovated Commercial Building in Downtown

      Modern, well-appointed commercial space in a thriving downtown area.
      333 Alcovy Street, Monroe, GA 30655
      View Details
    • $409,000

      Income-Producing Duplex in Monroe, GA

      Fully rented duplex with long-term tenants, ideal for investors.
      122 Nowell Street, Monroe, GA 30655
      View Details
    • $980,823

      Monroe Car Wash Investment Opportunity

      Turn-key car wash in growing Monroe, GA with strong NOI.
      690 W Spring Street, Monroe, GA 30655
      View Details
    • $199,900
      1,500 SF

      Land with Renovation Opportunity

      2.24 acre lot near Monroe with renovation potential.
      2275 Highway 11 NW, Monroe, GA 30656
      View Details
    • $2,187,031

      Monroe Land: Industrial/Commercial Potential

      39.44-acre tract at a 4-way intersection near Monroe By-Pass.
      1230 Good Hope Road, Monroe, GA 30655
      View Details
    • $725,000

      25 Acres Near Downtown Monroe

      25-acre land parcel near downtown Monroe, Georgia.
      1023 Poplar Street, Monroe, GA 30655
      View Details
    • $2,187,031
      2,014 SF

      39.44 Acres in Monroe, GA

      39.44-acre tract suitable for industrial or commercial development.
      1230 Good Hope Road, Monroe, GA 30655
      View Details
    • $19,900

      Residential Lot Near Downtown Monroe

      Residential lot near historic downtown Monroe, zoned R1A.
      515 Birch Street, Monroe, GA 30656
      View Details
    • $34,900

      Residential Lot Near Downtown Monroe

      Residential lot near historic downtown Monroe, zoned R1A.
      525 Birch ST, Monroe, GA 30656
      View Details

    FAQs

    What type of property is this?
    Industrial land - M-2 zoned land suitable for outdoor storage and industrial applications.
    Where is this industrial land located?
    The property is located at 51 Highway 78 Monroe, GA.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: Zoned M‑2 for industrial applications; Suitable for outdoor storage; Located on Hwy 78 near 316
    (678) 977-5497
    We can help!
    Listing Contact
    Harry Doster
    Real Estate License ID: 143638
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    51 Highway 78, Monroe, GA 30655
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!