Office Building with Walk-Out
New
For Sale
$1,999,000
139 N Main Street N, Jonesboro, GA 30236
Finished lower-level space, central HVAC, and a parking lot support the office configuration.
Property Size9,385 SF
Days on Market6
Property Features for 139 N Main Street N
General Information
Standard status
Active
Size
9,385 SF
Total Parking Spaces
57
Zoning
H-1
Taxes and HOA fees
Annual Taxes
$24,760
Amenities
Accessible Entrance, Accessible Approach with Ramp
Central Air
Central
Finished, Full, Interior Entry, Walk-Out Access
Other
City
Parking Lot
Building Details
Building Size
9,385 SF
Year Built
1964
Buildings
1
Listing Agency:
The Real Estate Gallery of Georgia, Realtors
(770) 217-7518
Listed By:
Altimese Dees
(770) 217-7518
Source:
Evrealestate
Added: Aug 6
Changed: Aug 9
Last Checked: Aug 10 at 3:20AM
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 The Real Estate Gallery of Georgia, Realtors
Investment Insights
Based on property information with market context.
This office building at 139 N Main Street N includes central air conditioning and central heating, along with a finished full basement featuring interior entry and walk-out access. The property was built in 1964 and includes an on-site parking lot.
The building is in Jonesboro, with access from Downtown Atlanta via I-75 South, Exit 233, and GA-54 East. Its H-1 zoning provides an additional designation for evaluating the property.
The building is in Jonesboro, with access from Downtown Atlanta via I-75 South, Exit 233, and GA-54 East. Its H-1 zoning provides an additional designation for evaluating the property.
Key Highlights
- Finished full basement with interior entry and walk‑out access
- Central air conditioning and central heating
- On‑site parking lot
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
$125,675
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
6.29%
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%
$2,513,500
$2.5M
Cap Rate 7%
$1,795,357
$1.8M
Cap Rate 9%
$1,396,389
$1.4M
Market Conditions
NOI Build-Up for 9,385 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
$224.0K $23.87/SF
− Vacancy
−$56.5K −$6.02/SF
EGI
$167.6K $17.85/SF
− OpEx
−$41.9K −$4.46/SF
NOI
$125.7K $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 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%
$2,513,500
Cap Rate 7%
$1,795,357
Cap Rate 9%
$1,396,389
Alternative Uses
Best Use
Office B
$1.80M
$1.57M – $2.09M
NOI $125,675 @ 7.0% cap · market cap 6.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.62M
$2.30M – $3.06M
NOI $183,643 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
861
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Finished lower-level space, central HVAC, and a parking lot support the office configuration.
Where is this office building located?
The property is located at 139 N Main Street N Jonesboro, GA.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: Finished full basement with interior entry and walk‑out access; Central air conditioning and central heating; On‑site parking lot
