Technical
Financial
Distress signals
Property profile

138 Midland Ave Monroe, GA 30655

OFF-MARKET
Auto shops
Property ID
US22-1386715
4,060 SF 0.53 ac lot Built 1959
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Located in downtown Monroe, Georgia, this 0.53-acre mixed-use commercial property includes two buildings totaling approximately 6,000 SF plus an outdoor patio. The property is arranged as a renovated 5,000 SF bar/restaurant building and a renovated 1,000 SF office/storage building, along with a 1,000 SF outdoor patio. Improvements include a fully equipped commercial kitchen, an in-ground grease trap, and a fire sprinkler system. The site includes dedicated on-site parking for vehicles and golf carts, with additional adjacent public parking. The property has been configured for restaurant and tavern use within Monroe’s walkable downtown district surrounded by retail and dining establishments.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1959
Construction CONCRETE
Total area 4,060 SF
Lot 0.53 ac (23,087 SF)
Zoning code B2
APN M0140-198
UPID US22-1386715

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

138 Midland Ave Monroe, GA 30655-2328
Monroe metro Census 110301 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$505k
CAP Approach CAP
by Request
Comparable Approach Comparable
$366k
Blend (final) Blend
$470k

Owner & transaction history

since 2023
Last sale
$500,000
5 recorded transactions
2023
Price N/A
2021
$500,000
2007
Price N/A
2007
Price N/A
2007
Price N/A

Zoning & alternative use

B2 · Monroe, GA
Top alternative use upside
Commercial (general) $530,000 +79.5%
Medical building $410,000 +39.3%
Retail stores $405,000 +38.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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