Corner-Lot Mixed-Use
For Sale
$300,000
1553 Jonesboro Rd SE, Atlanta, GA 30315
Vacant property combines a neighborhood retail component with an attached residence and public water and sewer.
Property Size2,224 SF
Price / SF$134.89
Days on Market34
Property Features for 1553 Jonesboro Rd SE
General Information
Standard status
Active
Size
2,224 SF
Building Details
Year Built
1930
Listing Agency:
EXP Realty, LLC.
(404) 281-1888
Listed By:
Adrea Thomas
Source:
Shortsaleatlanta
Added: Jul 28
Changed: Aug 29
Last Checked: Aug 25 at 5:27AM
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 EXP Realty, LLC.
Investment Insights
Based on property information with market context.
Located at 1553 Jonesboro Rd SE in Atlanta, this corner-lot mixed-use property includes an approximately 744-square-foot former neighborhood convenience store connected to an approximately 1,440-square-foot single-family residence. The building dates to 1930 and is currently vacant.
Public water and sewer serve the property. The sale is as-is, with the interior requiring a complete renovation after unauthorized occupancy. Its position provides visibility and access to Downtown Atlanta, I-75/I-85, and nearby residential neighborhoods, creating a property configuration that combines retail and residential components in one structure.
Public water and sewer serve the property. The sale is as-is, with the interior requiring a complete renovation after unauthorized occupancy. Its position provides visibility and access to Downtown Atlanta, I-75/I-85, and nearby residential neighborhoods, creating a property configuration that combines retail and residential components in one structure.
Key Highlights
- Corner‑lot property at 1553 Jonesboro Rd SE, Atlanta, GA 30315
- Approximately 744 SF former neighborhood convenience store
- Attached approximately 1,440 SF single‑family residence
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
$27,022
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
9.01%
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%
$540,440
$540.4K
Cap Rate 7%
$386,029
$386.0K
Cap Rate 9%
$300,244
$300.2K
Market Conditions
NOI Build-Up for 2,224 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
$48.0K $21.60/SF
− Vacancy
−$4.8K −$2.16/SF
EGI
$43.2K $19.44/SF
− OpEx
−$16.2K −$7.29/SF
NOI
$27.0K $12.15/SF
Area
Atlanta, GA
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$540,440
Cap Rate 7%
$386,029
Cap Rate 9%
$300,244
Alternative Uses
Best Use
Specialty Retail
$430.1K
$376.3K – $501.7K
NOI $30,104 @ 7.0% cap · market cap 10.03%
Second Best
Mixed Use
$386.0K
$337.8K – $450.4K
NOI $27,022 @ 7.0% cap · market cap 9.01%
Theoretical Best
Office A
$621.7K
$544.0K – $725.3K
NOI $43,519 @ 7.0% cap · market cap 14.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
518
Businesses Nearby
Explore this area
Business Placement
Demographics for 30315, GA
34,327
Population
15,458
Households
2.2
Avg Household Size
34
Median Age
28%
College-Educated
82%
High-School Grad
11.5 sq mi
ZIP Area
2,985
Density / Sq Mi
$42,383
Median Household Income
$36,311
Median Earnings
$989
Median Rent
$266,200
Median Home Value
Market
Vacancy Rate% for Retail in Atlanta, GA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Vacant property combines a neighborhood retail component with an attached residence and public water and sewer.
Where is this mixed-use property located?
The property is located at 1553 Jonesboro Rd SE Atlanta, GA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Corner‑lot property at 1553 Jonesboro Rd SE, Atlanta, GA 30315; Approximately 744 SF former neighborhood convenience store; Attached approximately 1,440 SF single‑family residence
