Two Buildings in
517 S Madison Avenue Monroe, GA 30655
517 S Madison Avenue, Monroe, GA, 30655
$350,000
For Sale
$350,000
Two buildings, one auto repair, one storage, for sale.
Property Size4,200 SF
Lot Size0.42 Acres
Price / SF$83.33
Days on Market677
Property Features for 517 S Madison Avenue
General Information
- Standard status
- Active
- Size
- 4,200 SF
- Lot size
- 0.42 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1997
Listing Agency
Shea Real Estate Group
(678) 372-1286
Listed by
John Shea · License #249846
Source
Corcoran
Added: Sep 13, 2024 Updated: Jul 6 at 9:54 am Checked: Jul 20 at 3:55 am
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 Shea Real Estate Group
Investment Insights
Based on property information with market context.
This property includes two buildings. One building is 1,800 square feet, split into two adjoining areas of 1,200 square feet and 600 square feet. The 1,200-square-foot unit is currently used as an auto repair shop, and the adjoining 600-square-foot area is used for storage. The second building is 2,400 square feet and is currently used as storage with no tenant. This property is located in the city of Monroe.
Key Highlights
- Two buildings included: 1800 sq ft and 2400 sq ft
- 1800 sq ft building split into two areas: 1200 sq ft and 600 sq ft
- One unit of the 1800 sq ft building currently used as an auto repair shop
Local Financial Insights For Industrial
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 | $39.8k | $9.48 |
| − Vacancy | −$3.3k | −$0.78 |
| EGI | $36.6k | $8.70 |
| − OpEx | −$11.0k | −$2.61 |
| NOI | $25.6k | $6.09 |
4,200 SF · lease $9.48/SF/yr · vacancy 8.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$843.9K
$738.4K – $984.6K
NOI $59,075 @ 7.0% cap · market cap 16.88%
Second Best
Industrial
$365.5K
$319.8K – $426.4K
NOI $25,586 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,555 @ 7.0% cap · market cap 23.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Loganville Heating & Air ...
Hardware & Home Improvement
Similar For Sale Nearby
Similar Off Market Nearby
- Allen's Upholstery & Auto Trim — 106 w fambrough st # g, monroe, ga 30655
- $ Change $ Car Care Products — Monroe, GA 30655
- AROB Performance — 1102 S Madison Ave, Monroe, GA 30655
- Nomo's Best Deal MOBILE Used Tires And Auto — 137 E Fambrough St, Monroe, GA 30655
- Wood Auto Electric — 1216 Mathis St, Monroe, GA 30655
FAQs
What type of property is this?
Auto shop - Two buildings, one auto repair, one storage, for sale.
Where is this auto shop located?
The property is located at 517 S Madison Avenue Monroe, GA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two buildings included: 1800 sq ft and 2400 sq ft; 1800 sq ft building split into two areas: 1200 sq ft and 600 sq ft; One unit of the 1800 sq ft building currently used as an auto repair shop
