Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Office Building For Sale Title is generated by Realmo AI

    122 N McDonough St, Jonesboro, GA 30236

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Office building with executive suites, suitable for owner-user.

    Type:Office
    Property size:
    13,967 SF
    Price / SF:
    $157/SF
    Added:
    Mar 16, 2026
    Days on Market:
    60
    Last Refresh:
    Mar 19 at 11:41 pm

    Property Features for 122 N McDonough St

    General Information

    Standard status
    Active
    Size
    13,967 SF
    Property subtype
    Office

    We can help!

    Listing Contact
    Justin Caudill

    Listing agent Justin Caudill License #443241

    Listing office Marcus & Millichap - Atlanta

    Listing date Mar 16, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Atlanta

    HighLights

    • Executive Suites or Owner‑User Opportunity
    • 12,633 Rentable SqFt
    • Office Space

    Overview

    This commercial property is an office building with 12,633 rentable square feet. The property is suitable for executive suites or an owner-user. The building has a total area of 13,967 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Aspens Shop Department Store Foxx Laboratories and Screening Drug Testing Service B Unique Creations, ... Marketing & Advertising Poobear_ The Braider Hair Salon Enniwae Boutique Clothing Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Jonesboro
    County
    Clayton
    State
    Georgia
    Longitude
    -84.3537945
    Latitude
    33.5222059

    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
    • $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
    • $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
    • $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
    • $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
    • $4,732,500
      31,106 SF

      Jonesboro Commercial Portfolio For Sale

      Three-building commercial portfolio on 2.96 acres in Jonesboro, GA.
      213 Arrowhead Boulevard, Jonesboro, GA 30236
      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
    • $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
    • $899,000
      7,671 SF

      Versatile Commercial Property in Jonesboro

      Fully-equipped commercial property with multiple stages, recording studio, and security.
      7716 N Main Street, Jonesboro, GA 30236
      View Details

    FAQs

    What type of property is this?
    Office building - Office building with executive suites, suitable for owner-user.
    Where is this office building located?
    The property is located at 122 N McDonough St Jonesboro, GA.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: Executive Suites or Owner‑User Opportunity; 12,633 Rentable SqFt; Office Space
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Justin Caudill
    Real Estate License ID: 443241
    Learn More
    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
    122 N McDonough St, Jonesboro, GA 30236
    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!