Historic Storefront
New
For Sale
$274,900
185 N Main Street, Jonesboro, GA 30236
Older commercial building with H-2 zoning and stated land and office use potential.
Property Size1,900 SF
Price / SF$224.96
Days on Market7
Property Features for 185 N Main Street
General Information
Standard status
Active
Size
1,900 SF
Property subtype
Other
Zoning
H-2
Amenities
Level
Public Sewer
Annual Amount: $3,055, Year: 2025
Central Air
Central
Cumulative Days on Market: 5, 5 days on market, On Market Date: 2026-08-27
Built in 1900
County: Clayton
Updated/Remodeled
Electricity Available, Phone Available, Water Available, Public
Close Of Escrow
Building Details
Building Size
1,900 SF
Year Built
1900
Buildings
1
Listing Agency:
CBC Metro Brokers
(678) 320-4800
Listed By:
Earl Coleman · License #247332
(770) 691-0529
Source:
Blackstreaminternational
Added: Aug 27
Changed: Sep 1
Last Checked: Sep 1 at 4:23PM
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 CBC Metro Brokers
Investment Insights
Based on property information with market context.
This storefront property comprises a 1,222-square-foot commercial building constructed in 1900. Its age provides a historic physical character, while the existing structure offers a defined footprint for future ownership or occupancy planning.
Located at 185 N Main St in the Jonesboro area, the property carries H-2 zoning. The stated use potential includes land and office applications, giving the site relevance for commercial users evaluating a storefront setting with an established building in place.
Located at 185 N Main St in the Jonesboro area, the property carries H-2 zoning. The stated use potential includes land and office applications, giving the site relevance for commercial users evaluating a storefront setting with an established building in place.
Key Highlights
- 1,222 SF commercial building
- Constructed in 1900
- H‑2 zoning
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
$17,188
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
6.25%
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%
$343,760
$343.8K
Cap Rate 7%
$245,543
$245.5K
Cap Rate 9%
$190,978
$191.0K
Market Conditions
NOI Build-Up for 1,222 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
$26.8K $21.96/SF
− Vacancy
−$2.3K −$1.87/SF
EGI
$24.6K $20.09/SF
− OpEx
−$7.4K −$6.03/SF
NOI
$17.2K $14.07/SF
Area
Clayton County, GA
Vacancy
8.50%
Lease Rate
$21.96 /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%
$343,760
Cap Rate 7%
$245,543
Cap Rate 9%
$190,978
Alternative Uses
Best Use
Retail
$245.5K
$214.9K – $286.5K
NOI $17,188 @ 7.0% cap · market cap 6.25%
Second Best
Office B
$233.8K
$204.6K – $272.7K
NOI $16,364 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$341.6K
$298.9K – $398.5K
NOI $23,912 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,099
Businesses Nearby
Balanced
Demand for This Use
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.
Similar Off Market Nearby
- Kroger Floral Department — 8059 Tara Blvd, Jonesboro, GA 30236
Frequently Asked Questions
What type of property is this?
Storefront property - Older commercial building with H-2 zoning and stated land and office use potential.
Where is this storefront property located?
The property is located at 185 N Main Street Jonesboro, GA.
What is the asking price?
The asking price for this property is $274,900.
What are key features of this property?
This property features: 1,222 SF commercial building; Constructed in 1900; H‑2 zoning
