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Property profile & analytics
OFF-MARKET
Estimated value
$1,340,000
Office Spaces
318 Alcovy St Monroe, GA 30655-2140
Entity Owned
4-yr Hold
Free & Clear
Property ID
US22-1286178
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1956
Construction
WOOD
Total area
7,538 SF
Lot
17 ac (740,520 SF)
Zoning code
PRD
APN
M0180-020
UPID
US22-1286178
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
$1.36M
CAP Approach
CAP
$1.53M
Comparable Approach
Comparable
$1.48M
Blend (final)
Blend
$1.34M
Owner & transaction history
Cumming Investments INC · 4 yrs held
Cumming Investments INC
since 2022
Last sale
$1.3M
5 recorded transactions
Zoning & alternative use
PRD · 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
Method
Estimation
Statistic approach
$1,305,000
ML approach
$1,360,000
CAP Approach
CAP Return
Estimation
6%
$1,660,000
6.5%
$1,530,000
7%
$1,420,000
Blend value · Realmo final
$1.34M
Range $1.21M – $1.47M · ±10% · vs last sale $1.28M (Mar 1 2022)
Last sale anchor
$1.28M
Mar 1 2022
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
$178 / 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
$15,063
Tax year 2023
Assessed value
$430,840
Assessed 2023
Previous assessed
$430,840
+0.0% YoY
Effective rate
3.50%
On assessed value
Assessed land
$225,400
Assessed improvement
$205,440
Land market value
$563,500
Improvement market value
$513,600
Total market value
$1,077,100
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1956
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
7,538 SF
Lot
17 ac (740,520 SF)
Zoning code
PRD
APN
M0180-020
UPID
US22-1286178
Jurisdiction
WALTON
Zoning & alternative use
PRD · Monroe, GA
Zoning PRD · permitted uses
PRD · 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
Year built
1956
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
17 ac
Current owner
From public records · entity-resolved
Cumming Investments INC
Entity
Free & Clear · 4 yrs held
Mailing address
2145 DULUTH HWY 120A, DULUTH, GA 30097-4007
Ownership since
2022
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
Mar 1, 2022
$1,277,430
Cumming Investments INC
Mul Properties LLC
Limited Warranty Deed
—
Jan 13, 2020
—
Mul Properties LLC
—
Deed
related
$496,014 · Liberty First Bk
Nov 8, 2018
—
Mul Properties LLC
Lindsey-garrett Post No 64 Of
Quit Claim Deed
related
—
Nov 8, 2018
$665,000
Mul Properties LLC
Lindsey-garrett Post No 64 Of
Warranty Deed
$498,000 · Liberty First Bk
—
—
Mul Properties LLC
—
Loan Modification
related
$496,014 · Liberty First Bk
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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