Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    23 Lee St Jonesboro, GA 30236

    Sponsored
    For Sale
    $284,000

    COMMERCIAL - Jonesboro, GA

    Type:Office
    Property size:
    1,764 SF
    Lot size:
    0.09 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 22 at 6:06 pm

    Property Features for 23 Lee St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    APN
    13241A B025
    Parking
    6
    Parking features
    Parking Lot
    Size
    1,764 SF
    Lot size
    0.09 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Zoned, Central, Forced Air
    Cooling system
    Zoned, Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    1984
    Flooring type
    Vinyl, Laminate, Carpet
    Building materials
    Brick, Frame
    Roof type
    Composition

    We can help!

    Listing Contact
    Rhonda Ross
    Rhonda Ross

    MARVERRAN PROPERTIES LLC DBA REMAX SOUTHERN (770) 227-5555

    Listing agent Rhonda Ross (770) 227-5555

    Listing date Feb 22, 2026

    MLS# 10696390

    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.

    Learn more

    Property Insight Report

    Overview

    Jonesboro Commercial Property For Sale

    This two-story, all-brick commercial building is located in a busy mixed-use and office district in Jonesboro, Georgia, with commercial zoning. The property offers approximately 1764 square feet, featuring spacious offices, meeting and conference rooms, a reception area, and three and a half bathrooms. Built-in bookcases are included. The building has been recently remodeled and is move-in ready. Previously used as an attorney's office, the property is available for establishing or relocating a business. The location is minutes from Atlanta Hartsfield-Jackson International Airport, restaurants, and other essential services. The lot size is 0.09 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Keen, Randall L Law Firm Watts & Watts Law Firm Watts & Watts: Watts ... Law Firm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Jonesboro
    County
    Clayton
    State
    Georgia
    Longitude
    -84.3571821
    Latitude
    33.521801

    Nearby Similar for Sale

    • $899,000
      7,671 SF

      Versatile Commercial Property in Jonesboro

      Fully-equipped commercial property with multiple stages, recording studio, and security.
      7716 N Main St, Jonesboro, GA 30236
      View Details
    • $269,000
      2,171 SF

      Jonesboro Office Building on Main

      Stand-alone office building with high visibility on Main Street.
      173 N Main St, Jonesboro, GA 30236
      View Details
    • $1,600,000
      17,386 SF

      Versatile Commercial Office Space

      GB zoned property with lease-up potential in established business park.
      1560 Commercial Ct, Jonesboro, GA 30238
      View Details
    • $4,732,500
      31,106 SF

      Jonesboro Commercial Portfolio For Sale

      Three-building commercial portfolio on 2.96 acres in Jonesboro, GA.
      213 Arrowhead Blvd, Jonesboro, GA 30236
      View Details
    • New
      $1,999,000
      9,385 SF

      Historic Jonesboro Landmark For Sale

      Prominent building in Downtown Jonesboro's Historic District.
      139 N Main St, Jonesboro, GA 30236
      View Details
    • $200,000
      1,134 SF

      Commercial Property on Jonesboro Road

      Commercial property suitable for various businesses on Highway 54.
      268 Jonesboro Rd, Jonesboro, GA 30236
      View Details
    • $200,000
      1,134 SF

      Commercial Property on Highway 54

      Commercial property suitable for various businesses on Highway 54.
      268 Jonesboro Rd, Jonesboro, GA 30236
      View Details
    • $400,000
      0.62 Acres

      Upgraded Duplex Near Airport

      Renovated duplex on large lot, convenient location.
      616 Fayetteville Rd, Jonesboro, GA 30236
      View Details
    • $125,000
      1,800 SF

      Commercial Lot with Potential Office

      Commercial lot with older house suitable for office or residence.
      7791 Dixie Ave, Jonesboro, GA 30236
      View Details
    • $2,800,000
      5,484 SF

      Versatile Mixed-Use Commercial Property

      Mixed-use property with event venue, pool, and highway frontage.
      2809 Highway 138, Jonesboro, GA 30236
      View Details
    • $265,000

      Jonesboro Duplex: Investment Opportunity

      Well-maintained duplex in Jonesboro with long-term tenants and recent updates.
      8110 Magnolia Dr, Jonesboro, GA 30238
      View Details
    • $265,000

      Jonesboro Duplex: Investment Opportunity

      Well-maintained duplex in Jonesboro with long-term tenants and recent updates.
      8102 Magnolia Dr, Jonesboro, GA 30238
      View Details

    FAQs

    What type of property is this?
    Office building - Two-story commercial building in a busy mixed-use district.
    Where is this office building located?
    The property is located at 23 Lee St Jonesboro, GA.
    What is the asking price?
    The asking price for this property is $284,000.
    What are key features of this property?
    This property features: - Prime commercial location in the Heart of Jonesboro, situated in a busy mixed-use/office district with Commercial zoning.; - Move-in ready condition due to recent remodeling.; - Versatile, two-story all-brick building with approximately 1764 square feet of space.
    (770) 227-5555
    Request Owner's contact information
    23 Lee St Jonesboro, GA 30236
    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.
    23 Lee St
    Jonesboro, GA 30236
    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
    23 Lee St Jonesboro, GA 30236
    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

    We can help!
    Listing Contact
    Rhonda Ross
    Rhonda Ross
    Real Estate License ID: 179111
    (770) 227-5555 (404) 886-5609 (770) 616-6817
    Learn more
    Google sign-in failed. Please try again or use another login method.