Downtown Office
23 Lee St, Jonesboro, GA 30236
For Sale
$284,000
Office property with zoned HVAC, high-speed internet, and a paved parking lot.
Property Size1,680 SF
Price / SF$169.05
Days on Market101
Property Features for 23 Lee St
General Information
Standard status
Size
Building Details
Year Built
Listing Agency:
RE/MAX Southern
Listed By:
Rhonda Ross · License GA #179111
(770) 616-6817
Source:
Annakintown
Added: Aug 3
Changed: Nov 2
Last Checked: Nov 10 at 12:16PM
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 RE/MAX Southern
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Investment Insights
Based on property information with market context.
Built in 1984, this office property includes central air, electric service, and zoned heating and cooling. The interior is also equipped for high-speed internet, supporting a connected workplace environment.
The building is located just off Main Street in downtown Jonesboro, with a paved parking lot for on-site parking. It carries C- Commercial zoning and is situated in Clayton County.
The building is located just off Main Street in downtown Jonesboro, with a paved parking lot for on-site parking. It carries C- Commercial zoning and is situated in Clayton County.
Key Highlights
- C- Commercial zoning
- Built in 1984
- Central air and zoned heating and cooling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,497
Cap Rate
7.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$449,940
$449.9K
Cap Rate 7%
$321,386
$321.4K
Cap Rate 9%
$249,967
$250.0K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$40.1K $23.87/SF
− Vacancy
−$10.1K −$6.02/SF
EGI
$30.0K $17.85/SF
− OpEx
−$7.5K −$4.46/SF
NOI
$22.5K $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 Rate 5%
$449,940
Cap Rate 7%
$321,386
Cap Rate 9%
$249,967
Alternative Uses
Best Use
Office B
$321.4K
$281.2K – $375.0K
NOI $22,497 @ 7.0% cap · market cap 7.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$469.6K
$410.9K – $547.9K
NOI $32,874 @ 7.0% cap · market cap 11.58%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
860
Businesses Nearby
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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
$219,700
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Jonesboro, GA
Properties on Market for Office buildings in Jonesboro
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Office property with zoned HVAC, high-speed internet, and a paved parking lot.
Where is this office building located?
The property is located at 23 Lee St Jonesboro, GA.
What is the asking price?
The asking price for this property is $284,000.
What are key features of this property?
This property features: C- Commercial zoning; Built in 1984; Central air and zoned heating and cooling
