Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    905 Spg St Monroe, GA 30655-2442
    Back to Search
    Property profile & analytics

    905 Spg St, Monroe, GA 30655-2442

    View on Map
    • Office Spaces
    • 6,624 SF
    • 1.00 lot acres
    Off-Market
    Last Sale Jan 26, 2023
    Property ID
    US22-1467048
    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.
    Value Estimations
    $685,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 905 Spg St

    Year built
    1980
    Construction
    STEEL FRAME
    Lot size
    1.00 lot acres
    Zone code
    B3
    Property type
    Office Spaces
    APN
    M0130-115
    APU
    M0130115

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 26, 2023 — Grace Baptist Church Of Monroe Geor Kenneth Murray Properties LLC Warranty Deed —
    Jun 3, 2014 — Stephen A Baynham Murray,e Kenneth SR Quit Claim Deed · related —
    Jul 3, 2013 $185,000 E Kenneth Murray SR. Synovus Bk Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $723,000
      Market price range: $723k - $2.73M

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Walton
    State
    Georgia
    Longitude
    -83.7014
    Latitude
    33.8011
    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
    $3,197
    $48,760
    $42,680
    $91,440
    -
    $121,900
    $106,700
    $228,600

    Comparable in this City

    • Value Estimation by Request
      9,500 SF

      250 M.l.k. Jr Blvd

      Office Spaces
      250 M.l.k. Jr Blvd, Monroe, GA 30655
      View Details
    • Value Estimation
      $3,560,000
      16,880 SF

      620 Unisia Dr

      OFFICE (GENERAL)
      620 Unisia Dr, Monroe, GA 30655
      View Details
    • Value Estimation by Request
      853 SF

      155 Bankers Blvd Ste D200

      CONDOMINIUM OFFICES
      155 Bankers Blvd Ste D200, Monroe, GA 30655-7724
      View Details
    • Value Estimation by Request
      853 SF

      155 Bankers Blvd Ste D300

      CONDOMINIUM OFFICES
      155 Bankers Blvd Ste D300, Monroe, GA 30655-7725
      View Details
    • Value Estimation by Request
      1,400 SF

      1631 Broad St

      OFFICE (GENERAL)
      1631 Broad St, Monroe, GA 30655-2264
      View Details
    • Value Estimation
      $835,000
      18,497 SF

      333 Alcovy St

      CONDOMINIUM OFFICES
      333 Alcovy St, Monroe, GA 30655-2180
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.19 Acres

      Monroe Office Suites - Historic Charm

      Executive Offices, High Visibility, Utilities Included
      248 Broad St, Monroe, GA 30655
      View Details
    • $250,000

      Commercial Space Near Downtown Monroe

      Versatile commercial property with office spaces, reception, and flexible kitchen.
      1216 S Broad St, Monroe, GA 30655
      View Details
    • Contact for pricing
      10,000 SF

      Office and Industrial Space Available

      10,000 SqFt office and industrial space for sale.
      847 Adamson Dr, Monroe, GA 30655
      View Details
    • $1,100,000

      Historic Downtown Mixed-Use Building

      Adaptable commercial space in historic downtown Monroe district.
      338 N Broad St, Monroe, GA 30655
      View Details
    • $349,000

      Renovated Commercial Building in Downtown

      Newly renovated 1,600 SF commercial building in Downtown Monroe.
      333 Alcovy St, Monroe, GA 30655
      View Details
    • $1,950,000

      Warehouse with Extensive Office Space

      Spacious warehouse with offices, training room, and mezzanine.
      2071 Nunnally Farm Rd, Monroe, GA 30655
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      9,500 SF

      Prime Monroe Office/Retail Space

      9,500 SF Office/Retail Building, 1,500 SF Available
      250 M.l.k. Jr Blvd, Monroe, GA 30655
      View Details
    • Contact for pricing
      3,142 SF

      Medical/Office Suite For Rent

      Class A medical/office suite available for lease.
      705 Breedlove Dr, Monroe, GA 30655
      View Details
    • Contact for pricing

      Historic Office Space for Lease

      Executive offices in historic building with shared amenities available for lease.
      1994 New Hope Church Rd, Monroe, GA 30655
      View Details
    • Contact for pricing

      Retail and Restaurant Spaces Available

      Retail and restaurant spaces for lease in Monroe, Georgia.
      1946-1986 West Spring St, Monroe, GA 30655
      View Details
    • Contact for pricing

      Pre-Engineered Metal Building For Rent

      Industrial space available for rent in Monroe, Georgia.
      847 Adamson Dr, Monroe, GA 30655
      View Details
    • $25 SF/Yr
      1,500 SF

      Retail Space in Monroe, GA

      Corner retail space with drive-through in Walton County.
      1865 Highway 138, Monroe, GA 30655
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    905 Spg St
    Monroe, GA 30655-2442
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    905 Spg St, Monroe, GA, 30655
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!