Two-Story Office
23 Lee Street Jonesboro, GA 30236
For Sale
$284,000
COMMERCIAL - Jonesboro, GA
Property Size1,764 SF
Lot Size0.09 Acres
Price / SF$160
Days on Market273
Property Features for 23 Lee Street
General Information
Property type
Commercial Sale
Property subtype
Office
Parking
6
Parking features
Parking Lot
Standard status
Active
APN
13241A B025
Size
1,764 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
23
Tax Annual Amount
2472
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air, Zoned, Central
Cooling system
Electric, Zoned, Central Air
Water source
Public
Building Details
Year built
1984
Flooring type
Laminate, Vinyl, Carpet
Building materials
Brick, Frame
Roof type
Composition
Listing Agency:
RE/MAX SOUTHERN
(770) 227-5555
Listed By:
Rhonda Ross · License #179111
(770) 616-6817
Added: Oct 31, 2025
Changed: Jul 29
Last Checked: Jul 30 at 10:06AM
MLS# 10696390
Copyright © 2026 Georgia Multiple Listing Service. 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 stand-alone, all-brick two-story commercial office building offers a remodeled, move-in-ready interior designed for day-to-day business operations. The layout includes a dedicated reception area, a formal conference room, multiple spacious offices with flexibility for private room configurations, and built-in bookcases. New LVP flooring is noted throughout, along with 3.5 bathrooms for staff and client convenience. The property also includes two offices with private entrances, supporting a multi-tenant style setup.
A dedicated paved parking lot provides space for approximately 6–8 vehicles. The building is located in a mixed-use office district with Commercial zoning and is described as being within walking distance to downtown restaurants, shopping, and a government building. Access is described as immediate to Georgia Highway 54, State Routes 41 and 138, and Interstates 75 and 285.
The usable office configuration is approximately 1,764 square feet across two levels.
A dedicated paved parking lot provides space for approximately 6–8 vehicles. The building is located in a mixed-use office district with Commercial zoning and is described as being within walking distance to downtown restaurants, shopping, and a government building. Access is described as immediate to Georgia Highway 54, State Routes 41 and 138, and Interstates 75 and 285.
The usable office configuration is approximately 1,764 square feet across two levels.
Key Highlights
- Stand‑alone all‑brick commercial building, two stories, built in 1984
- Approximately 1,764 SF with reception area, multiple offices, and formal conference room
- 3.5 bathrooms; flexible layout that can support 5‑7 private office rooms, with built‑in bookcases
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.1k | $23.87 |
| − Vacancy | −$10.6k | −$6.02 |
| EGI | $31.5k | $17.85 |
| − OpEx | −$7.9k | −$4.46 |
| NOI | $23.6k | $13.39 |
1,764 SF · lease $23.87/SF/yr · vacancy 25.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$337.5K
$295.3K – $393.7K
NOI $23,622 @ 7.0% cap · market cap 8.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$493.1K
$431.5K – $575.3K
NOI $34,517 @ 7.0% cap · market cap 12.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - All-brick, two-story office building with remodeled interior, reception, multiple private offices, conference room, and 3.5 baths.
Where is this office building located?
The property is located at 23 Lee Street 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: Stand‑alone all‑brick commercial building, two stories, built in 1984; Approximately 1,764 SF with reception area, multiple offices, and formal conference room; 3.5 bathrooms; flexible layout that can support 5‑7 private office rooms, with built‑in bookcases
