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    Property profile & analytics

    330 Greene St Monticello, GA 31064

    • Drug stores
    • 8,800 SF
    • 1.69 lot acres
    For Sale
    View listing
    $1,595,000
    Last Sale
    Aug 23, 2024
    $223,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1741546
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • CVS Photo / Digital Printer / Photo Lab
    • Buy Bitcoin / Crypto Atm
    • MoneyGram / Money Transfer Service
    • CVS Pharmacy / Pharmacy
    • CVS / Vitamin & Supplements Store / Cosmetics Store

    Property Details for 330 Greene St

    Year built
    1994
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.69 lot acres
    Property size
    8,800 SF
    Zone code
    COMMERCIAL
    Property type
    Drug stores
    APN
    M05A- -048
    APU
    M05A048

    Description

    This exceptional investment opportunity presents an 8,470-square-foot freestanding CVS Pharmacy building situated on a 0.91-acre lot in Monticello, Georgia. The property, zoned Community Commercial, enjoys a prime location with excellent visibility and ample parking. CVS, a highly creditworthy corporate tenant, recently exercised a five-year lease option extending through November 2024, demonstrating strong commitment to the location. A further five-year option remains, with a 10% rent increase built in. The building, constructed in 1994, benefits from 100% occupancy, guaranteeing immediate returns. Its strategic location offers a significant competitive advantage, as the nearest comparable national drugstore is 17 miles away. This presents a rare chance to acquire a stable, high-performing retail asset with a long-term, secure lease in place. The property's strong tenant, prime location, and versatile layout make it an ideal addition to any investment portfolio. The asking price is $1,595,000, and the lease is a NNN (Net, Net, Net) structure with a corporate guarantee. The property's APN is M05A 048. The address is 330 E Greene St, Monticello, GA 31064.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $225,000
      ML approach
      $225,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Monticello
    County
    Jasper
    State
    Georgia
    Longitude
    -83.6809
    Latitude
    33.3032
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,931
    $0.00
    $241,696
    $241,696
    -
    $0.00
    $604,241
    $604,241

    Comparable in this City

    • Value Estimation
      $350,000
      6,000 SF

      679 Washington St

      DRUG STORE, PHARMACY • 6,000 SF
      679 Washington St, Monticello, GA 31064-1371
      View Details
    • Value Estimation
      $220,000
      3,080 SF

      359 Forsyth St

      RETAIL STORES (PERSONAL SERVICES) • 3,080 SF
      359 Forsyth St, Monticello, GA 31064-1211
      View Details
    • Value Estimation
      $265,000
      1,164 SF

      111 Washington St

      RETAIL STORES (PERSONAL SERVICES) • 1,164 SF
      111 Washington St, Monticello, GA 31064-1239
      View Details
    • Value Estimation
      $165,000
      2,736 SF

      226 Short St

      RETAIL STORES (PERSONAL SERVICES) • 2,736 SF
      226 Short St, Monticello, GA 31064-1338
      View Details
    • Value Estimation
      $270,000
      2,211 SF

      210 Forsyth St

      RETAIL STORES (PERSONAL SERVICES) • 2,211 SF
      210 Forsyth St, Monticello, GA 31064-1210
      View Details
    • Value Estimation
      $150,000
      5,368 SF

      108 Washington St

      RETAIL STORES (PERSONAL SERVICES) • 5,368 SF
      108 Washington St, Monticello, GA 31064-1016
      View Details

    Similar Nearby for Sale

    • $1,595,000
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      Monticello CVS Pharmacy Investment

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      View Details
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      Turnkey Restaurant Opportunity in Monticello

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    • Contact for pricing
      0.59 Acres

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    330 Greene St
    Monticello, GA 31064
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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