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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    517 Madison Ave Monroe, GA 30655-2779

    • Auto shops
    • 1,800 SF
    • 0.42 lot acres
    OFF-MARKET
    Last Sale
    Apr 16, 2020
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-4012382
    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

    • Loganville Heating & Air Co / Air Conditioning Contractor

    Property Details for 517 Madison Ave

    Year built
    1997
    Construction
    STEEL FRAME
    Lot size
    0.42 lot acres
    Property size
    1,800 SF
    Zone code
    M1
    Property type
    Auto shops
    APN
    M0170-106-B
    APU
    M0170106B

    Description

    This exceptional commercial property in Monroe, Georgia, presents a rare investment opportunity. The offering encompasses two separate buildings totaling 4,200 square feet on a 0.42-acre lot, situated at 517 S Madison Avenue. The first building, a 1,800 square foot structure, is currently divided into two adjoining units. One unit, measuring 1,200 square feet, is presently utilized as an auto repair shop. The adjacent 600 square foot unit serves as storage space. The second building, a substantial 2,400 square foot structure, is currently vacant and available for immediate use as storage or adaptable to a variety of commercial applications. The property's location within Monroe offers excellent visibility and accessibility, making it ideal for a range of businesses. The combined square footage and versatile layout provide significant potential for expansion, diversification, or increased rental income. This property is a unique opportunity to acquire a well-positioned commercial asset in a thriving Georgia market. The existing tenants provide immediate income potential, while the vacant building offers significant upside for future development or leasing. This is a turnkey opportunity for an investor seeking a strong return on investment in a desirable location. The 0.42-acre lot provides ample space for potential expansion or outdoor operations.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Walton
    State
    Georgia
    Longitude
    -83.7078
    Latitude
    33.7883
    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
    $1,846
    $12,440
    $40,360
    $52,800
    -
    $31,100
    $100,900
    $132,000

    Comparable in this City

    • Value Estimation by Request
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      521 Madison Ave

      AUTO REPAIR, GARAGE • 2,400 SF
      521 Madison Ave, Monroe, GA 30655-2756
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      1003 Spg St

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      1003 Spg St, Monroe, GA 30655-2470
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    • Value Estimation by Request
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      2035 Spg St

      AUTO REPAIR, GARAGE • 5,704 SF
      2035 Spg St, Monroe, GA 30655-5682
      View Details
    • Value Estimation
      $1,040,000
      15,402 SF

      420 Broad St

      AUTO REPAIR, GARAGE • 15,402 SF
      420 Broad St, Monroe, GA 30655
      View Details
    • Value Estimation by Request
      5,000 SF

      675 Adamson Dr

      AUTO REPAIR, GARAGE • 5,000 SF
      675 Adamson Dr, Monroe, GA 30655-6021
      View Details

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    517 Madison Ave
    Monroe, GA 30655-2779
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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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