Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    115 Davis St Monroe, GA 30655-1605
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    115 Davis St Monroe, GA 30655-1605

    View on Map
    • Office properties & Spaces
    • 4,367 SF
    • 0.78 lot acres
    Off-Market
    Property ID
    US22-3865337
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $940,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • BMSI / Big Box & Wholesale Store

    Property Details for 115 Davis St

    Year built
    1900
    Lot size
    0.78 lot acres
    Property size
    4,367 SF
    Zone code
    M1
    Property type
    Office properties & Spaces
    APN
    M0160-158-A
    APU
    M0160158A

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $960,000
      6.5%
      $885,000
      7%
      $825,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $922,000
      Market price range: $234k - $923k

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Walton
    State
    Georgia
    Longitude
    -83.7113
    Latitude
    33.7917
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,455
    $135,960
    $134,480
    $270,440
    -
    $339,900
    $336,200
    $676,100

    Comparable in this City

    • Value Estimation by Request
      0.19 Acres

      248 Broad St

      Office properties & Spaces • 0.19 Acres
      248 Broad St, Monroe, GA 30655
      View Details
    • Value Estimation by Request

      808 Broad St

      Retail properties & Spaces
      808 Broad St, Monroe, GA 30655
      View Details
    • Value Estimation by Request
      2,640 SF

      725 Madison Ave

      OFFICE (GENERAL) • 2,640 SF
      725 Madison Ave, Monroe, GA 30655
      View Details
    • Value Estimation by Request
      853 SF

      155 Bankers Blvd Ste F300

      CONDOMINIUM OFFICES • 853 SF
      155 Bankers Blvd Ste F300, Monroe, GA 30655-7729
      View Details
    • Value Estimation by Request
      1,000 SF

      116 Ct St

      OFFICE (GENERAL) • 1,000 SF
      116 Ct St, Monroe, GA 30655-1633
      View Details
    • Value Estimation
      $625,000
      1,680 SF

      910 Spg St

      OFFICE (GENERAL) • 1,680 SF
      910 Spg St, Monroe, GA 30655-2443
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.19 Acres

      Monroe Office Suites - Historic Charm

      Executive Offices, High Visibility, Utilities Included
      248 Broad St, Monroe, GA 30655
      View Details
    • $250,000

      Commercial Space Near Downtown Monroe

      Versatile commercial property with office spaces, reception, and flexible kitchen.
      1216 S Broad St, Monroe, GA 30655
      View Details
    • $435,000

      Residential Property with Commercial Potential

      Corner lot with handicap access, suitable for commercial use.
      10 Dial Rd, Monroe, GA 30655
      View Details
    • $695,000

      Outparcel in Busy Shopping Area

      Commercial outparcel in a high-traffic shopping area near hospital.
      2180 W Spring St, Monroe, GA 30655
      View Details
    • Contact for pricing
      10,000 SF

      Office and Industrial Space Available

      10,000 SqFt office and industrial space for sale.
      847 Adamson Dr, Monroe, GA 30655
      View Details
    • New
      $289,000
      Pending

      Victorian Cottage in Historic District

      Charming 1920s cottage in downtown Monroe's historic Mill District.
      808 S Broad St, Monroe, GA 30655
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      9,500 SF

      Prime Monroe Office/Retail Space

      9,500 SF Office/Retail Building, 1,500 SF Available
      250 M.l.k. Jr Blvd, Monroe, GA 30655
      View Details
    • $1,650 /Mo
      1 SF

      Downtown Monroe Office Space Available

      Professional office suite in historic downtown Monroe, Georgia.
      218 Alcovy St, Monroe, GA 30655
      View Details
    • Contact for pricing

      Pre-Engineered Metal Building For Rent

      Industrial space available for rent in Monroe, Georgia.
      847 Adamson Dr, Monroe, GA 30655
      View Details
    • Contact for pricing

      Pre-Engineered Metal Building For Rent

      Industrial space available for rent in Monroe, Georgia.
      847 Adamson Dr, Monroe, GA 30655
      View Details
    • $2,750 /Mo
      627,264 SF

      Monroe Event Venue for Rent

      14.4-acre event venue with stage and vendor hookups.
      1320 E Church St, Monroe, GA 30655
      View Details
    • $25 SF/Yr
      1,500 SF

      Retail Space in Monroe, GA

      Corner retail space with drive-through in Walton County.
      1865 Highway 138, Monroe, GA 30655
      View Details
    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.
    115 Davis St
    Monroe, GA 30655-1605
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!