Office Units with Central
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 Market155
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
Oil, Central
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: Aug 19
Last Checked: Aug 20 at 11:06AM
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.
Office units located on busy Jonesboro Rd between a medical building and a day care. The property includes 1.76 acres and a 3,643-square-foot office space, framed construction with carpet flooring. Heating is provided by oil and central systems, and cooling is available via central air. Built in 1986, the property has a composition roof.
Utilities include cable availability, with water provided by a well and sewer service via a septic tank.
The lot size and office configuration make the property suitable for an operating business location, with additional consideration for redevelopment where desired.
Utilities include cable availability, with water provided by a well and sewer service via a septic tank.
The lot size and office configuration make the property suitable for an operating business location, with additional consideration for redevelopment where desired.
Key Highlights
- 1.76‑acre site on busy Jonesboro Rd between a medical building and a day care
- 3,643‑square‑foot office space in a frame building
- Central air cooling with 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
Property Profile
Current Use
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
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 - Office units on Jonesboro Rd with central air, oil heat, and well-and-septic utilities in a frame building.
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: 1.76‑acre site on busy Jonesboro Rd between a medical building and a day care; 3,643‑square‑foot office space in a frame building; Central air cooling with oil and central heating
