Corner-Lot Retail and
For Sale
$300,000
1553 Jonesboro Road SE, Atlanta, GA 30315
Commercial Sale, Atlanta, GA
Property Size2,224 SF
Lot Size0.28 Acres
Price / SF$134.89
Days on Market56
Property Features for 1553 Jonesboro Road SE
General Information
Property type
Residential
Property subtype
Retail
Zoning
C3
Parking
2
Parking features
On Street
Lot features
Corner Lot, Level
Directions
Use GPS for your best route.
Standard status
Active
APN
14 005700120124
Size
2,224 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3962
Utilities
Utilities
Cable Available
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1930
Floors in Building
1
Flooring type
Concrete
Building materials
Brick Front
Additional Structures
Other
Listing Agency:
EXP Realty, LLC.
(888) 959-9461
Listed By:
Adrea Thomas
(888) 959-9461
Added: Jun 29
Changed: Aug 19
Last Checked: Aug 23 at 6:06AM
MLS# 7796622
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.
Investment Insights
Based on property information with market context.
This corner-lot mixed-use property combines an approximately 744 SF former neighborhood convenience store with an attached approximately 1,440 SF single-family residence. The offering is vacant and served by public water and sewer. The property is being sold as-is, and the interior requires a complete down-to-the-studs renovation due to unauthorized occupancy.
Located in Southeast Atlanta, the site is described as having excellent visibility and easy access to Downtown Atlanta and I-75/I-85, as well as surrounding residential neighborhoods. The total land area is approximately 0.28 acres (12,023 SF).
This layout can be workable for an owner-user or entrepreneur seeking on-site flexibility between retail and residential space, or for an investor/custom builder looking to renovate a mixed-use asset on C3-zoned land. Because the property is vacant and the interior condition requires a full renovation, prospective parties should plan for substantial rehabilitation to bring both the retail portion and the attached residence back to usable condition.
Located in Southeast Atlanta, the site is described as having excellent visibility and easy access to Downtown Atlanta and I-75/I-85, as well as surrounding residential neighborhoods. The total land area is approximately 0.28 acres (12,023 SF).
This layout can be workable for an owner-user or entrepreneur seeking on-site flexibility between retail and residential space, or for an investor/custom builder looking to renovate a mixed-use asset on C3-zoned land. Because the property is vacant and the interior condition requires a full renovation, prospective parties should plan for substantial rehabilitation to bring both the retail portion and the attached residence back to usable condition.
Key Highlights
- Corner‑lot mixed‑use property on approx. 0.28 acres (12,023 SF) in Southeast Atlanta
- Approx. 744 SF former neighborhood convenience store plus an attached approx. 1,440 SF single‑family residence
- Vacant property sold as‑is; interior requires a complete down‑to‑the‑studs renovation due to unauthorized occupancy
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
$25,921
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
8.64%
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%
$518,420
$518.4K
Cap Rate 7%
$370,300
$370.3K
Cap Rate 9%
$288,011
$288.0K
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
$40.0K $18.00/SF
− Vacancy
−$3.0K −$1.35/SF
EGI
$37.0K $16.65/SF
− OpEx
−$11.1K −$5.00/SF
NOI
$25.9K $11.66/SF
Area
Atlanta, GA
Vacancy
7.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$518,420
Cap Rate 7%
$370,300
Cap Rate 9%
$288,011
Alternative Uses
Best Use
Specialty Retail
$430.1K
$376.3K – $501.7K
NOI $30,104 @ 7.0% cap · market cap 10.03%
Second Best
Retail
$370.3K
$324.0K – $432.0K
NOI $25,921 @ 7.0% cap · market cap 8.64%
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
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
518
Businesses Nearby
Balanced
Demand for This Use
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.
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Vacant corner-lot mixed-use property includes a former convenience store and an attached single-family residence on C3-zoned land.
Where is this grocery and convenience store located?
The property is located at 1553 Jonesboro Road 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 mixed‑use property on approx. 0.28 acres (12,023 SF) in Southeast Atlanta; Approx. 744 SF former neighborhood convenience store plus an attached approx. 1,440 SF single‑family residence; Vacant property sold as‑is; interior requires a complete down‑to‑the‑studs renovation due to unauthorized occupancy
