Three-Building Mixed-Use
For Sale
$4,732,500
213 Arrowhead Boulevard, Jonesboro, GA 30236
Commercial portfolio combines retail and office improvements across an approximately three-acre site with substantial on-site parking.
Property Size31,106 SF
Price / SF$152.14
Days on Market347
Property Features for 213 Arrowhead Boulevard
General Information
Standard status
Active
Size
31,106 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$43,626
Amenities
A/C - Other
3
Parking.
156 Parking Spaces. Lot.
2.9600000381469727
Interior Lot.
Building Details
Year Built
1969
Listing Agency:
JQRH Property Management, LLC
(404) 384-5508
Listed By:
Julie Nguyen · License #292932
(404) 384-5508
Source:
Xome
Added: Sep 18, 2025
Changed: Aug 29
Last Checked: Aug 30 at 2:49PM
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 JQRH Property Management, LLC
Investment Insights
Based on property information with market context.
This mixed-use portfolio includes three commercial buildings: one retail property and two office buildings. The improvements total 31,106 square feet and were constructed in 1969, offering a combination of retail and office space within one ownership group. The property includes air-conditioning features and 156 parking spaces across the site.
The portfolio encompasses 2.96 acres and includes 213 Arrowhead Boulevard, 217 Arrowhead Boulevard, and 188 Upper Riverdale Road in Jonesboro, Georgia. Southern Regional Medical Center is located within minutes of the properties, which also have access to major freeways. The site’s retail and office configuration supports a range of commercial occupancy formats within an established Jonesboro location.
The portfolio encompasses 2.96 acres and includes 213 Arrowhead Boulevard, 217 Arrowhead Boulevard, and 188 Upper Riverdale Road in Jonesboro, Georgia. Southern Regional Medical Center is located within minutes of the properties, which also have access to major freeways. The site’s retail and office configuration supports a range of commercial occupancy formats within an established Jonesboro location.
Key Highlights
- Three‑building portfolio with one retail building and two office buildings
- 31,106 square feet across the commercial improvements
- Combined site area of 2.96 acres
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
$416,543
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
8.80%
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%
$8,330,860
$8.3M
Cap Rate 7%
$5,950,614
$6.0M
Cap Rate 9%
$4,628,256
$4.6M
Market Conditions
NOI Build-Up for 31,106 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
$742.5K $23.87/SF
− Vacancy
−$187.1K −$6.02/SF
EGI
$555.4K $17.85/SF
− OpEx
−$138.8K −$4.46/SF
NOI
$416.5K $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%
$8,330,860
Cap Rate 7%
$5,950,614
Cap Rate 9%
$4,628,256
Alternative Uses
Best Use
Retail
$6.25M
$5.47M – $7.29M
NOI $437,518 @ 7.0% cap · market cap 9.24%
Second Best
Office B
$5.95M
$5.21M – $6.94M
NOI $416,543 @ 7.0% cap · market cap 8.80%
Theoretical Best
Office A
$8.70M
$7.61M – $10.14M
NOI $608,672 @ 7.0% cap · market cap 12.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,090
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial portfolio combines retail and office improvements across an approximately three-acre site with substantial on-site parking.
Where is this mixed-use property located?
The property is located at 213 Arrowhead Boulevard Jonesboro, GA.
What is the asking price?
The asking price for this property is $4,732,500.
What are key features of this property?
This property features: Three‑building portfolio with one retail building and two office buildings; 31,106 square feet across the commercial improvements; Combined site area of 2.96 acres
