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    Coldwell Banker Bullard Realty

    238 Stockbridge Rd, Jonesboro, GA 30236
    (770) 477-6400
    Web Site
    Size: under 10 agents

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    Property Types

    • Land
    • Commercial Lease

    Listings

    For Sale (12)

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    Build-Ready Lot in Jonesboro, GA
    Contact for pricing
    0.28 Acres

    Build-Ready Lot in Jonesboro, GA

    12,079 sq ft lot with full utilities, no HOA.

    1036 Walnut Creek Ln, Jonesboro, GA 30238
    View details
    Ready-to-Build Land Lot
    Contact for pricing
    0.35 Acres

    Ready-to-Build Land Lot

    15,333 sq ft land lot with full utility connections.

    Clemmons Dr, Ellenwood, GA 30294
    View details
    Corner Lot in Morrow, GA
    $32,500
    0.29 Acres

    Corner Lot in Morrow, GA

    Buildable corner lot in established Morrow neighborhood.

    2845 Heritage Ln, Morrow, GA 30260
    View details
    Stockbridge Commercial Land Opportunity
    $882,000
    3.53 Acres

    Stockbridge Commercial Land Opportunity

    Prime commercial land in high-traffic Stockbridge location.

    138 Hwy E, Stockbridge, GA 30281
    View details
    College Park Multi-Family Zoned Land
    $99,000
    1.00 Acre

    College Park Multi-Family Zoned Land

    One-acre wooded lot with multi-family and commercial potential.

    1791 Flat Shoals Rd, College Park, GA 30349
    View details
    Atlanta Land For Sale
    $750,000
    1.16 Acres

    Atlanta Land For Sale

    Vacant land suitable for mixed-use development near I-285.

    2827 Henderson Mill Rd, Atlanta, GA 30341
    View details
    69.55 Acres Near Jackson Lake
    $1,321,450
    69.55 Acres

    69.55 Acres Near Jackson Lake

    69.55 acres near Jackson Lake with development potential.

    Bakers Cir/Hall Brg Rd, Jackson, GA 30233
    View details
    Wooded Acreage Near Lake Sinclair
    Contact for pricing
    1.02 Acres

    Wooded Acreage Near Lake Sinclair

    1.02 acre wooded lot with community lake access.

    Jamesway Dr, Sparta, GA 31087
    View details
    Wooded Acreage Near Lake Sinclair
    Contact for pricing
    1.02 Acres

    Wooded Acreage Near Lake Sinclair

    1.02 acre lot with community amenities near Lake Sinclair.

    Jamesway Dr, Sparta, GA 31087
    View details
    Stockbridge Wooded Land For Sale
    $249,000
    20.17 Acres

    Stockbridge Wooded Land For Sale

    20.173 acres of wooded land, ideal for development.

    Stagecoach Rd, Stockbridge, GA 30281
    View details
    Stockbridge Mixed-Use Commercial Space
    Contact for pricing
    0.44 Acres

    Stockbridge Mixed-Use Commercial Space

    Prime Retail/Office Space, $1600/Month

    4460 Walt Stephens Rd, Stockbridge, GA 30281
    View details
    27 Acres Development Opportunity
    $350,000

    27 Acres Development Opportunity

    27 acres of land with developmental potential near Thomaston.

    1207 Highway 36 West, Barnesville, GA 30204
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    For Lease (3)

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    Hiram Office Space For Rent
    $1,300 / Mo
    1,296 SF

    Hiram Office Space For Rent

    Executive office space featuring a reception area with four offices.

    5604 Wendy Bagwell Pkwy, Hiram, GA 30141
    View details
    Stockbridge Office Space For Rent
    $1,200 / Mo
    3,015 SF

    Stockbridge Office Space For Rent

    Commercial office space available for lease in Stockbridge, GA.

    4460 Walt Stephens Rd, Stockbridge, GA 30281
    View details
    Stockbridge Commercial Retail/Office Space
    $1,500 / Mo
    3,015 SF

    Stockbridge Commercial Retail/Office Space

    Retail/office space available for lease in Stockbridge, GA.

    4462 Walt Stephens Rd, Stockbridge, GA 30281
    View details

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    Coldwell Banker Bullard Realty
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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
    Coldwell Banker Bullard Realty
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