Downtown Monroe Auto Repair
For Sale
$295,000
521 S Madison Ave, Monroe, GA 30655
2400 SF metal building with four bays and office.
Property Size2,400 SF
Price / SF$122.92
Days on Market229
Property Features for 521 S Madison Ave
General Information
Standard status
Active
Size
2,400 SF
Building Details
Year Built
1997
Listing Agency:
Shea Real Estate Group
Listed By:
John Shea · License #249846
(678) 372-1286
Source:
Jetsetrealty
Added: Mar 5
Changed: Oct 5
Last Checked: Oct 6 at 12:31AM
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
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Investment Insights
Based on property information with market context.
Located in downtown Monroe, this property features a 2400 square foot metal building. Currently operating as a car repair garage, the building includes four bays and an office. This property presents a business opportunity for automotive-related ventures.
Key Highlights
- 2400 sq ft metal building in downtown Monroe
- Currently used as a car repair garage
- Great business opportunity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,620
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$292,400
$292.4K
Cap Rate 7%
$208,857
$208.9K
Cap Rate 9%
$162,444
$162.4K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$22.8K $9.48/SF
− Vacancy
−$1.9K −$0.78/SF
EGI
$20.9K $8.70/SF
− OpEx
−$6.3K −$2.61/SF
NOI
$14.6K $6.09/SF
Area
Walton County, GA
Vacancy
8.20%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$292,400
Cap Rate 7%
$208,857
Cap Rate 9%
$162,444
Alternative Uses
Best Use
Retail
$482.2K
$422.0K – $562.6K
NOI $33,757 @ 7.0% cap · market cap 11.44%
Second Best
Industrial
$208.9K
$182.8K – $243.7K
NOI $14,620 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$673.9K
$589.7K – $786.2K
NOI $47,174 @ 7.0% cap · market cap 15.99%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
813
Businesses Nearby
Well-served
Demand for This Use
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Wood Auto Electric — 1216 Mathis St, Monroe, GA 30655
- $ Change $ Car Care Products — Monroe, GA 30655
- Allen's Upholstery & Auto Trim — 106 w fambrough st # g, 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
Frequently Asked Questions
What type of property is this?
Auto shop - 2400 SF metal building with four bays and office.
Where is this auto shop located?
The property is located at 521 S Madison Ave Monroe, GA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 2400 sq ft metal building in downtown Monroe; Currently used as a car repair garage; Great business opportunity
