Office Building with
For Sale
$850,000
677 Jonesboro Road, McDonough, GA 30253
Commercial Sale, Mcdonough, GA
Property Size3,643 SF
Lot Size1.76 Acres
Price / SF$233.32
Days on Market186
Property Features for 677 Jonesboro Road
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
City Lot
Directions
Use GPS
Standard status
Active
APN
07302016000
Size
3,643 SF
Lot size
1.76 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
8706
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Central, Oil
Cooling system
Central Air
Water source
Well
Building Details
Year built
1986
Flooring type
Carpet
Building materials
Frame
Roof type
Composition
Listing Agency:
Tara Properties, Inc.
(770) 954-0700
Listed By:
Ralph Myers · License #138830
(770) 367-0649
Added: Mar 19
Changed: Sep 2
Last Checked: Sep 20 at 7:06AM
MLS# 10713511
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.
The property includes a 3,643-square-foot office building constructed in 1986 on a 1.76-acre parcel. The frame structure has carpeted flooring, composition roofing, central air conditioning, and heating identified as both oil and central. Cable is available, with well water and a septic tank serving the site.
Located at 677 Jonesboro Road in McDonough, the property is positioned between a medical building and a day care. The site is described as suitable for continued business use or redevelopment, pairing existing office improvements with additional land area.
Located at 677 Jonesboro Road in McDonough, the property is positioned between a medical building and a day care. The site is described as suitable for continued business use or redevelopment, pairing existing office improvements with additional land area.
Key Highlights
- 3,643‑square‑foot office building on 1.76 acres
- 1986 frame construction with composition roof
- Central air conditioning and oil and central heating
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
$48,784
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
5.74%
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%
$975,680
$975.7K
Cap Rate 7%
$696,914
$696.9K
Cap Rate 9%
$542,044
$542.0K
Market Conditions
NOI Build-Up for 3,643 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
$87.0K $23.87/SF
− Vacancy
−$21.9K −$6.02/SF
EGI
$65.0K $17.85/SF
− OpEx
−$16.3K −$4.46/SF
NOI
$48.8K $13.39/SF
Area
Henry 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%
$975,680
Cap Rate 7%
$696,914
Cap Rate 9%
$542,044
Alternative Uses
Best Use
Office B
$696.9K
$609.8K – $813.1K
NOI $48,784 @ 7.0% cap · market cap 5.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.02M
$891.1K – $1.19M
NOI $71,285 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
366
Businesses Nearby
Explore this area
Business Placement
Demographics for 30253, GA
62,025
Population
22,889
Households
2.7
Avg Household Size
36
Median Age
30%
College-Educated
93%
High-School Grad
46.9 sq mi
ZIP Area
1,322
Density / Sq Mi
$81,601
Median Household Income
$43,433
Median Earnings
$1,627
Median Rent
$281,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 units - Existing office improvements sit on a sizable parcel with redevelopment flexibility.
Where is this office units located?
The property is located at 677 Jonesboro Road McDonough, GA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 3,643‑square‑foot office building on 1.76 acres; 1986 frame construction with composition roof; Central air conditioning and oil and central heating
