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Property profile & analytics
FOR SALE
Outlet malls

2150 W Spring St Monroe, GA 30655

104,716 SF 11.7 ac lot Built 2005
Entity Owned Free & Clear
Property ID
US22-1175471
Property summary
AI-generated overview

This exceptional 7.38-acre commercial development site in Monroe, Georgia, boasts a prime location at the intersection of Highway 78 and Highway 10 in Walton County. The property enjoys high visibility and accessibility, situated directly adjacent to a Home Depot and across from Piedmont Walton Hospital. This strategic location offers unparalleled exposure to a substantial daily traffic volume. The surrounding area is densely populated with major retailers, including a Walmart Supercenter and Tractor Supply Company, ensuring a strong customer base for any development. A wide array of restaurants, such as Longhorn Steakhouse, Applebee's, and numerous fast-food chains, further enhance the area's appeal and convenience. The property's versatility allows for a diverse range of development options, including hotels, self-storage facilities, apartment complexes, entertainment venues (such as bowling alleys), office buildings, or retail spaces. Given its size, location, and the existing infrastructure, this site presents a unique opportunity for significant return on investment. The property's zoning and development potential should be independently verified. This is an exceptional opportunity to acquire a highly desirable commercial parcel in a thriving Georgia market. The address is 2150 W. Spring Street, Monroe, GA 30655.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2005
Construction CONCRETE
Total area 104,716 SF
Lot 11.7 ac (509,652 SF)
Zoning code B3
APN M0010-025-C
UPID US22-1175471
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
  • Truck Rental Center at The Home Depot Car Rental Facility
  • Monroe Crossroads Shopping Center Shopping Center & Mall
  • Amerigas Propane Exchange Propane Supplier
  • Garden Center at The Home Depot Garden Center
  • The Home Depot Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$10.95M
Blend (final) Blend
$11.55M
Owner & transaction history
HOME DEPOT USA INC
HOME DEPOT USA INC
Zoning & alternative use
B3 · Monroe, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $13.6M +30.0%
Restaurant $11.8M +12.8%
Medical building $10.6M +0.9%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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