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Property profile & analytics
FOR SALE
Auto shops
138 N Midland Ave Monroe, GA 30655
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US22-1386715
For Sale
$2,500,000
138 N Midland Ave, Monroe, GA 30655
View Listing →
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Will Henry's Tavern Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$505k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$366k
Blend (final)
Blend
$500k
Owner & transaction history
138 North Midland Avenue LLC · 2 yrs held
138 North Midland Avenue LLC
since 2023
Last sale
$500,000
5 recorded transactions
Zoning & alternative use
B2 · Monroe, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$530,000
+79.5%
Medical building
$410,000
+39.3%
Retail stores
$405,000
+38.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Monroe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monroe submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$470,000
ML approach
$505,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$530,000
Change: +80% · Conversion: Moderate
MEDICAL BUILDING
$410,000
Change: +39% · Conversion: Difficult
RETAIL STORES
$405,000
Change: +38% · Conversion: Difficult
Blend value · Realmo final
$500k
Range $450k – $550k · ±10% · vs last sale $500k (Jul 28 2023)
Last sale anchor
$500k
Jul 28 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$123 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,453
Tax year 2023
Assessed value
$127,360
Assessed 2023
Previous assessed
$127,360
+0.0% YoY
Effective rate
3.50%
On assessed value
Assessed land
$92,440
Assessed improvement
$34,920
Land market value
$231,100
Improvement market value
$87,300
Total market value
$318,400
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
For Sale
Year built
1959
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
4,060 SF
Lot
0.53 ac (23,087 SF)
Zoning code
B2
APN
M0140-198
UPID
US22-1386715
Jurisdiction
WALTON
Zoning & alternative use
B2 · Monroe, GA
Zoning B2 · permitted uses
B2 · Monroe, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Monroe. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$530,000
MEDICAL BUILDING
Est. value
$410,000
RETAIL STORES
Est. value
$405,000
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1959
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
0.53 ac
Current owner
From public records · entity-resolved
138 North Midland Avenue LLC
Entity
Mailing address
138 N MIDLAND AVE, MONROE, GA 30655-2328
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2023
—
138 North Midland Avenue LLC
Pinehurst Homes LLC
Quit Claim Deed
related
$963,750 · Pinnacle Bank
Jun 10, 2021
$500,000
Pinehurst Homes LLC
John C Eckles
Warranty Deed
—
Aug 15, 2007
—
John C Eckles
Eckles,helen R
Quit Claim Deed
—
Jul 20, 2007
—
John C Eckles
Eckles,helen R
Quit Claim Deed
related
—
Jul 13, 2007
—
Helen R Eckles
Eckles,jack D
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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