Automotive Property with
For Sale
$409,900
5440 Jonesboro Road, Morrow, GA 30260
Commercial Sale, Morrow, GA
Property Size959 SF
Lot Size0.88 Acres
Price / SF$427.42
Days on Market328
Property Features for 5440 Jonesboro Road
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
1
Parking features
Parking Lot
Lot features
Level
Directions
GPS
Standard status
Active
APN
12176B C003
Size
959 SF
Lot size
0.88 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
2242
Utilities
Utilities
Water Available
Cooling system
Wall Unit(s)
Amenities
well-lit premises
Building Details
Year built
1958
Flooring type
Carpet
Building materials
Aluminum Siding
Listing Agency:
Virtual Properties Realty.com
(770) 495-5050
Listed By:
Jeanette Franklin
(678) 696-1010
Added: Oct 1, 2025
Changed: Aug 24
Last Checked: Aug 24 at 5:06PM
MLS# 10618292
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 automotive property includes a 0.88-acre commercial lot with a 959-square-foot building constructed in 1958. The site is configured as a car lot with a parking area, while the building features aluminum siding, carpeted flooring, and wall-unit cooling. Water is available at the property.
Situated at 5440 Jonesboro Road in Morrow, Georgia, the property occupies a high-traffic street with visibility and access suited to automotive commercial use. The existing lot and building provide a defined operating footprint for a car dealership, rental operation, or another automotive-related business. The source information also identifies the site as suitable for future restaurant development.
Situated at 5440 Jonesboro Road in Morrow, Georgia, the property occupies a high-traffic street with visibility and access suited to automotive commercial use. The existing lot and building provide a defined operating footprint for a car dealership, rental operation, or another automotive-related business. The source information also identifies the site as suitable for future restaurant development.
Key Highlights
- 0.88‑acre commercial car lot
- 959‑square‑foot building constructed in 1958
- Located at 5440 Jonesboro Road, Morrow, GA 30260
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
$13,489
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
3.29%
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%
$269,780
$269.8K
Cap Rate 7%
$192,700
$192.7K
Cap Rate 9%
$149,878
$149.9K
Market Conditions
NOI Build-Up for 959 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
$21.1K $21.96/SF
− Vacancy
−$1.8K −$1.87/SF
EGI
$19.3K $20.09/SF
− OpEx
−$5.8K −$6.03/SF
NOI
$13.5K $14.07/SF
Area
Clayton County, GA
Vacancy
8.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
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%
$269,780
Cap Rate 7%
$192,700
Cap Rate 9%
$149,878
Alternative Uses
Best Use
Retail
$192.7K
$168.6K – $224.8K
NOI $13,489 @ 7.0% cap · market cap 3.29%
Second Best
Industrial
$83.5K
$73.0K – $97.4K
NOI $5,842 @ 7.0% cap · market cap 1.43%
Theoretical Best
Office A
$268.1K
$234.6K – $312.8K
NOI $18,765 @ 7.0% cap · market cap 4.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
430
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30260, GA
27,864
Population
9,858
Households
2.8
Avg Household Size
34
Median Age
17%
College-Educated
78%
High-School Grad
10.9 sq mi
ZIP Area
2,556
Density / Sq Mi
$55,212
Median Household Income
$34,692
Median Earnings
$1,391
Median Rent
$189,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 4983 Jonesboro Rd, Forest Park, GA 30297
- U-Haul Neighborhood Dealer — 1365 Forest Pkwy Suite B, Lake City, GA 30260
- Browill global automotive — 1540 Forest Pkwy C, Morrow, GA 30260
- U-Haul Neighborhood Dealer — 5508 Jonesboro Rd, Lake City, GA 30260
Frequently Asked Questions
What type of property is this?
Automotive property - Commercial car lot with a small existing building, water availability, and direct Jonesboro Road access.
Where is this automotive property located?
The property is located at 5440 Jonesboro Road Morrow, GA.
What is the asking price?
The asking price for this property is $409,900.
What are key features of this property?
This property features: 0.88‑acre commercial car lot; 959‑square‑foot building constructed in 1958; Located at 5440 Jonesboro Road, Morrow, GA 30260
