McKenzie Suites Office
For Sale
Contact for pricing
124 North McDonough Street, Jonesboro, GA 30236
Executive-suite offices serving multiple small-business occupants in Downtown Jonesboro.
Property Size11,904 SF
Price / SF$184.81
Days on Market61
Property Features for 124 North McDonough Street
General Information
Standard status
Active
Size
11,904 SF
Class
B
Property subtype
Office, Land
Zoning
H1
Occupancy
59%
Lease Type
Modified Gross
Investment Type
Value Add
Property Condition
Severity
Repairs Needed
Evidence
light renovations
Building Details
Year Built
1970
Year Renovated
1988
Buildings
3
Stories
2
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Atlanta
Listed By:
Curtis Edgar · License #438778
Source:
Crexi
Added: Aug 17
Changed: Oct 7
Last Checked: Oct 15 at 12:07AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
McKenzie Suites is an office property comprising 11,904 square feet, with an executive-suite configuration and space leased to a range of small-business occupants. The building was constructed in 1970 and carries H1 zoning.
The property is located at 124 North McDonough Street in Downtown Jonesboro, within the Aerotropolis Atlanta submarket. Tara Boulevard is minutes away, and Hartsfield-Jackson International Airport is part of the surrounding regional context.
The property is located at 124 North McDonough Street in Downtown Jonesboro, within the Aerotropolis Atlanta submarket. Tara Boulevard is minutes away, and Hartsfield-Jackson International Airport is part of the surrounding regional context.
Key Highlights
- 11,904‑square‑foot office property
- Executive‑suite configuration
- Leased to a diversified group of small‑business occupants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$159,407
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,188,140
$3.2M
Cap Rate 7%
$2,277,243
$2.3M
Cap Rate 9%
$1,771,189
$1.8M
Market Conditions
NOI Build-Up for 11,904 SF
Gross rent
$284.1K $23.87/SF
− Vacancy
−$71.6K −$6.02/SF
EGI
$212.5K $17.85/SF
− OpEx
−$53.1K −$4.46/SF
NOI
$159.4K $13.39/SF
Area
Clayton 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 Rate 5%
$3,188,140
Cap Rate 7%
$2,277,243
Cap Rate 9%
$1,771,189
Alternative Uses
Best Use
Office B
$2.28M
$1.99M – $2.66M
NOI $159,407 @ 7.0% cap · market cap 7.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.33M
$2.91M – $3.88M
NOI $232,934 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
930
Businesses Nearby
Explore this area
Business Placement
Demographics for 30236, GA
50,446
Population
19,230
Households
2.6
Avg Household Size
36
Median Age
22%
College-Educated
84%
High-School Grad
32.4 sq mi
ZIP Area
1,557
Density / Sq Mi
$68,867
Median Household Income
$36,501
Median Earnings
$1,233
Median Rent
$219,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Executive-suite offices serving multiple small-business occupants in Downtown Jonesboro.
Where is this office building located?
The property is located at 124 North McDonough Street 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: 11,904‑square‑foot office property; Executive‑suite configuration; Leased to a diversified group of small‑business occupants
