Corner Office
For Sale
$575,000
4362 Thurmond Road, Forest Park, GA 30297
Commercial Sale, Forest Park, GA
Property Size2,560 SF
Lot Size0.52 Acres
Price / SF$224.61
Days on Market137
Property Features for 4362 Thurmond Road
General Information
Property type
Commercial Sale
Property subtype
Office
Parking features
Parking Lot
Security features
Security
Lot features
Corner Lot, Near Public Transit
Directions
use GPS
Standard status
Active
APN
13017C F001
Size
2,560 SF
Lot size
0.52 Acres
Taxes and HOA fees
Tax Year
23
Tax Annual Amount
3392
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1965
Flooring type
Concrete
Building materials
Block
Roof type
Composition
Listing Agency:
Tara Properties, Inc.
(770) 954-0700
Listed By:
Danny Butler
(678) 300-3639
Added: May 7
Changed: Sep 12
Last Checked: Sep 20 at 10:06AM
MLS# 10764159
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.
Investment Insights
Based on property information with market context.
This 2,560-square-foot office building sits on a 0.522-acre corner parcel in Forest Park. Built in 1965, the property features block construction, concrete flooring, central heating, electric central air, a composition roof, and a parking lot. Public water and public sewer serve the site, with cable available.
The parcel provides 160 feet of frontage on Thurmond Road and 150 feet along Old Jonesboro Road. The building is currently used for a business serving grooming-equipment and pet-care product needs. The property is offered as-is, with the office-type building included in the sale.
The parcel provides 160 feet of frontage on Thurmond Road and 150 feet along Old Jonesboro Road. The building is currently used for a business serving grooming-equipment and pet-care product needs. The property is offered as-is, with the office-type building included in the sale.
Key Highlights
- 2,560‑square‑foot office building on a 0.522‑acre parcel
- 160 feet of frontage on Thurmond Road
- 150 feet of frontage on Old Jonesboro Road
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,281
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$685,620
$685.6K
Cap Rate 7%
$489,729
$489.7K
Cap Rate 9%
$380,900
$380.9K
Market Conditions
NOI Build-Up for 2,560 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$61.1K $23.87/SF
− Vacancy
−$15.4K −$6.02/SF
EGI
$45.7K $17.85/SF
− OpEx
−$11.4K −$4.46/SF
NOI
$34.3K $13.39/SF
Area
Clayton County, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$685,620
Cap Rate 7%
$489,729
Cap Rate 9%
$380,900
Alternative Uses
Best Use
Office B
$489.7K
$428.5K – $571.4K
NOI $34,281 @ 7.0% cap · market cap 5.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$715.6K
$626.2K – $834.9K
NOI $50,093 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
552
Businesses Nearby
Explore this area
Business Placement
Demographics for 30297, GA
29,669
Population
11,438
Households
2.6
Avg Household Size
33
Median Age
13%
College-Educated
75%
High-School Grad
11.0 sq mi
ZIP Area
2,697
Density / Sq Mi
$45,975
Median Household Income
$34,330
Median Earnings
$1,144
Median Rent
$121,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Block office building on a corner lot with exposure along multiple sides and a dedicated parking lot.
Where is this office building located?
The property is located at 4362 Thurmond Road Forest Park, GA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 2,560‑square‑foot office building on a 0.522‑acre parcel; 160 feet of frontage on Thurmond Road; 150 feet of frontage on Old Jonesboro Road
