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Property profile & analytics
FOR LEASE
Commercial land
1806 Hwy 138 Monroe, GA 30655-5656
Entity Owned
3-yr Hold
Free & Clear
Property ID
US22-2624873
For Lease
1 / 11
Contact for pricing
1806 Hwy 138, Monroe, GA 30655-5656
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Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
5.82 ac (253,519 SF)
Zoning code
B2
APN
C0760-048
UPID
US22-2624873
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Magnolia Park Monroe LLC · 3 yrs held
Magnolia Park Monroe LLC
since 2023
Last sale
$499,300
7 recorded transactions
Zoning & alternative use
B2 · Monroe, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,458
Tax year 2023
Assessed value
$212,920
Assessed 2023
Previous assessed
$212,920
+0.0% YoY
Effective rate
3.03%
On assessed value
Assessed land
$212,920
Land market value
$532,300
Total market value
$532,300
Applied tax rate
4.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Lease
Heating
NONE
Lot
5.82 ac (253,519 SF)
Zoning code
B2
APN
C0760-048
UPID
US22-2624873
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.
Building & site characteristics
From public records
Heating
NONE
Lot
5.82 ac
Current owner
From public records · entity-resolved
Magnolia Park Monroe LLC
Entity
Free & Clear · 3 yrs held
Mailing address
4310 LAWRENCEVILLE RD, LOGANVILLE, GA 30052-2334
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2025
—
Magnolia Park Monroe LLC
—
Deed
related
$1,750,000 · Farmers And Merchants Bank
Jun 12, 2023
—
Magnolia Park Monroe LLC
—
Deed
related
$690,000 · Farmers And Merchants Bank
Jan 24, 2023
$499,300
Magnolia Park Monroe LLC
Joe P Crump
Warranty Deed
—
May 10, 2016
$175,000
Joe P Crump
Brand Banking Co
Warranty Deed
—
Mar 27, 2015
—
Brand Banking Co
Prime Dcm INC
Deed In Lieu Of Foreclosure
related
—
May 6, 2011
—
Prime Dcm INC
Pendleton,bruce & Julie
Quit Claim Deed
related
—
Sep 30, 2010
—
Bruce W Pendleton
Pendleton,julie P & Bruce W
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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