Gas Station Retail
For Sale
$2,750,000
249 Main Street, Jonesboro, GA 30236
For sale gas station property with owner financing available at 249 N Main Street, Jonesboro, GA.
Property Size7,000 SF
Price / SF$392.86
Days on Market213
Property Features for 249 Main Street
General Information
Standard status
Active
Size
7,000 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$13,548
Amenities
Central Air
3
Parking.
Lot.
42253.19921875
In City.
Building Details
Year Built
1985
Listing Agency:
Virtual Properties Realty.com
(678) 646-2655
Listed By:
Sabrina Sharifali
(678) 646-2655
Source:
Xome
Added: Jan 10
Changed: Aug 8
Last Checked: Aug 11 at 5:31AM
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 Virtual Properties Realty.com
Investment Insights
Based on property information with market context.
This for-sale gas station retail and automotive property is offered as a commercial asset suitable for buyers seeking an established roadside business format. The property is categorized under gas stations, automotive properties, and retail properties and spaces.
Owner financing is available for qualified buyers. The property is located at 249 N Main Street, Jonesboro, GA 30236.
Owner financing is available for qualified buyers. The property is located at 249 N Main Street, Jonesboro, GA 30236.
Key Highlights
- Owner financing available
- Gas station property at 249 N Main Street, Jonesboro, GA
- Built in 1985
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
$112,493
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
4.09%
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%
$2,249,860
$2.2M
Cap Rate 7%
$1,607,043
$1.6M
Cap Rate 9%
$1,249,922
$1.2M
Market Conditions
NOI Build-Up for 7,000 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
$161.3K $23.04/SF
− Vacancy
−$11.3K −$1.61/SF
EGI
$150.0K $21.43/SF
− OpEx
−$37.5K −$5.36/SF
NOI
$112.5K $16.07/SF
Area
Clayton County, GA
Vacancy
7.00%
Lease Rate
$23.04 /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%
$2,249,860
Cap Rate 7%
$1,607,043
Cap Rate 9%
$1,249,922
Alternative Uses
Best Use
Specialty Retail
$1.61M
$1.41M – $1.87M
NOI $112,493 @ 7.0% cap · market cap 4.09%
Second Best
Retail
$1.41M
$1.23M – $1.64M
NOI $98,458 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$1.96M
$1.71M – $2.28M
NOI $136,974 @ 7.0% cap · market cap 4.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,190
Businesses Nearby
97k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 75%
Groceries 15%
Dining 10%
QuikTrip
Shops & Services
56,333 visits/mo
0.3 miles
Lidl
Groceries
14,480 visits/mo
0.4 miles
Taco Bell
Dining
9,494 visits/mo
0.5 miles
Truist
Shops & Services
4,719 visits/mo
0.1 miles
Exxon
Shops & Services
4,489 visits/mo
0.2 miles
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - For sale gas station property with owner financing available at 249 N Main Street, Jonesboro, GA.
Where is this gas station located?
The property is located at 249 Main Street Jonesboro, GA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Owner financing available; Gas station property at 249 N Main Street, Jonesboro, GA; Built in 1985
