Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Prime Land in Jonesboro, GA Title is generated by Realmo AI

    9579 HIGHWAY 54, Jonesboro, GA 30238

    View on Map
    Claim this Listing
    Picture of Land at 9579 HIGHWAY 54, Jonesboro, GA
    Pending
    $7,000,000

    LAND - Jonesboro, GA

    Type:Single Family Residence
    Lot size:
    144.45 Acres
    Added:
    Jan 3, 2022
    Days on Market:
    1609
    Last Refresh:
    May 31 at 8:06 pm

    Property Features for 9579 HIGHWAY 54

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Zoning
    V4
    Vegetation
    Partially Wooded, Heavily Wooded, Wooded
    Standard status
    Pending
    APN
    05205 212001
    Lot size
    144.45 Acres

    Taxes and HOA fees

    Tax Year
    2021
    Tax Annual Amount
    3046

    Utilities

    Utilities
    Water Available
    Water front features
    Lake Front
    Water front
    1

    Building Details

    Year built
    1958
    Floors in Building
    1

    We can help!

    Listing Contact
    CLAY HENDERSON
    CLAY HENDERSON

    Listing agent CLAY HENDERSON License #181512

    Listing office Atlanta Fine Homes Sotheby's International 1555 Peachtree St Suite 100, Atlanta, GA

    Listing date Jan 3, 2022

    MLS# 6985054 Listing URL

    Copyright © 2026 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location with 144.45 +/- acres suitable for residential development.
    • Sewer and utilities are already in place.
    • High potential for very high‑density development.
    • Established neighboring communities with road cuts leading into the property.
    • Gentle rolling, high ground topography.
    • Walking distance to Mundy's Mill High School and minutes from downtown Fayetteville and Jonesboro.

    Overview

    This property features 144.45 +/- acres of land in a prime location in Jonesboro, GA. Sewer and utilities are in place. Established neighboring communities on each side have road cuts leading into this property. The topography is gently rolling with high ground. It is located minutes from downtown Fayetteville and Jonesboro, and within walking distance of Mundy's Mill High School. This residential tract south of Atlanta offers potential for very high density.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Jonesboro
    County
    Clayton
    State
    Georgia
    Longitude
    -84.382851
    Latitude
    33.495204

    Nearby Similar for Sale

    • $799,000
      6,161 SF

      Downtown Jonesboro Office Campus

      Office building near Clayton County Courthouse in Historic Downtown Jonesboro.
      118 Stockbridge Road, Jonesboro, GA 30236
      View Details
    • $1,200,000
      8,000 SF

      Historic Warren House Commercial Opportunity

      Historic estate in Jonesboro, suitable for various commercial ventures.
      102 W Mimosa Drive, 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
    • $1,999,000
      9,385 SF

      Historic Jonesboro Landmark For Sale

      Prominent building in Downtown Jonesboro's Historic District.
      139 N Main Street, Jonesboro, GA 30236
      View Details
    • $165,000
      1,853 SF

      Jonesboro Commercial Property For Sale

      Commercial property in Jonesboro, Georgia suitable for various businesses.
      1653 Highway 138 E, Jonesboro, GA 30236
      View Details
    • $274,900
      1,310 SF

      Mixed-Use Property in Historic District

      Live/work property near Jonesboro's Historic Downtown District.
      109 Stockbridge Road, Jonesboro, GA 30236
      View Details
    • $3,600,000
      31,106 SF

      Jonesboro Commercial Portfolio For Sale

      Three-building commercial portfolio in Jonesboro, GA, totaling 31,106 square feet.
      213 Arrowhead Boulevard, Jonesboro, GA 30236
      View Details
    • $579,999

      Jonesboro Quadruplex Investment Opportunity

      Four-unit property in historic district near downtown Jonesboro.
      147 Burnside Street, Jonesboro, GA 30236
      View Details
    • $284,000
      1,764 SF

      Jonesboro Commercial Property For Sale

      Two-story commercial building in a busy mixed-use district.
      23 Lee Street, Jonesboro, GA 30236
      View Details
    • $1,950,000

      Jonesboro Development Opportunity: 10.88 Acres

      10.88 acres in Clayton County with development potential.
      Hwy 138 & N Main Street, 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 Court, Jonesboro, GA 30238
      View Details
    • $1,600,000
      968 SF

      Prime Location on Tara Boulevard

      High-traffic location ideal for various businesses in Jonesboro, GA.
      7930 Tara Boulevard, Jonesboro, GA 30236
      View Details

    FAQs

    What type of property is this?
    Land - 144.45 acre residential land with utilities in place.
    Where is this land located?
    The property is located at 9579 HIGHWAY 54 Jonesboro, GA.
    What is the asking price?
    The asking price for this property is $7,000,000.
    What are key features of this property?
    This property features: Prime location with 144.45 +/- acres suitable for residential development.; Sewer and utilities are already in place.; High potential for very high‑density development.
    (404) 237-5000
    We can help!
    Listing Contact
    CLAY HENDERSON
    CLAY HENDERSON
    Real Estate License ID: 181512
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    9579 HIGHWAY 54, Jonesboro, GA 30238
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!