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    173 N Main Street Jonesboro, GA 30236

    View on Map
    Pending
    $269,000

    COMMERCIAL - Jonesboro, GA

    Type:Office
    Property size:
    2,171 SF
    Lot size:
    0.83 Acres
    Added:
    Jul 29, 2025
    Days on Market:
    247
    Last Refresh:
    Apr 1 at 2:06 am

    Property Features for 173 N Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Parking
    20
    Parking features
    Parking Lot
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Pending
    APN
    13240D C003
    Size
    2,171 SF
    Lot size
    0.83 Acres

    Taxes and HOA fees

    TaxYear
    24
    TaxAnnualAmount
    4009

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Central
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    1950
    Flooring type
    Hardwood, Tile, Vinyl, Carpet
    Building materials
    Vinyl Siding, Wood Siding
    Roof type
    Composition

    We can help!

    Listing Contact
    Matthew D Tuff
    Matthew D Tuff

    Listing agent Matthew D Tuff License #319750

    Listing office Keller Williams Realty Atl. Partners 1200 Commerce Drive, Suite 110, Peachtree City, GA

    Listing date Jul 29, 2025

    MLS# 10636503

    Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Jonesboro Office Building on Main

    This stand-alone office building, totaling 2,171 square feet, is situated on 0.832 acres. The property features approximately 95 feet of road frontage on Main Street, with an estimated traffic count of 7,000 cars per day. The flexible floor plan includes six potential office spaces, three bathrooms, and a kitchenette. Ample parking is available on the generous lot, which also offers room for expansion. The property is suitable for a variety of professional, medical, or service-based businesses. It is located in Jonesboro, Clayton County, Georgia.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Proper Antiques Home Decor Store US Congressman David ... Government Office US Government Collins ... Federal Courthouse Clayton County Mental ... High School

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Building Supply Nail Salon Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jonesboro
    County
    Clayton
    State
    Georgia
    Longitude
    -84.354725
    Latitude
    33.525713

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    FAQs

    What type of property is this?
    Office building - Stand-alone office building with high visibility on Main Street.
    Where is this office building located?
    The property is located at 173 N Main Street Jonesboro, GA.
    What is the asking price?
    The asking price for this property is $269,000.
    What are key features of this property?
    This property features: Prime location on Main Street with high visibility and approximately 7,000 cars per day.; Flexible 2,100 sq. ft. stand‑alone office building suitable for various business types.; Generous 0.83‑acre lot with ample parking and room for expansion.
    (404) 606-5250
    We can help!
    Listing Contact
    Matthew D Tuff
    Matthew D Tuff
    Real Estate License ID: 319750
    Learn More
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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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