Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers

    2805 Noahs Ark Road Jonesboro, GA 30236

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $275,000

    LAND - Cottage - Jonesboro, GA

    Lot size:
    2.00 Acres
    Added:
    Mar 24, 2026
    Days on Market:
    44
    Last Refresh:
    May 6 at 9:06 am

    Property Features for 2805 Noahs Ark Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    resid
    Vegetation
    Grassed, Cleared
    Patio and Porch features
    Porch, Patio
    Standard status
    Active Under Contract
    APN
    06038 038002
    Lot size
    2.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    4153

    Utilities

    Utilities
    Cable Available

    Building Details

    Year built
    1952
    Floors in Building
    1
    Architectural style
    Cottage

    We can help!

    Listing Contact
    Stephen Wilber

    Listing agent Stephen Wilber

    Listing office Virtual Properties Realty.com 2750 Premiere Pkwy Suite 200, Duluth, GA

    Listing date Mar 24, 2026

    MLS# 7740560 Listing URL

    Copyright © 2026 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated House on Private Land

    This property features a renovated house and offers a great opportunity for private land ownership. The lot size is approximately 2.003 acres. It is conveniently located close to major roads, shopping areas, and schools in Jonesboro, Georgia. There is also an option to purchase an additional 24 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Spa & Massage Center Hair Salon Nail Salon Accounting Firm Daycare Center (Bike/Boat/Book/etc) Store Bakery Catering Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jonesboro
    County
    Clayton
    State
    Georgia
    Longitude
    -84.2997082
    Latitude
    33.4929237

    Nearby Similar for Sale

    • $799,000
      6,161 SF

      Downtown Jonesboro Office Campus

      Office building near Clayton County Courthouse in Historic Downtown Jonesboro.
      118 Stockbridge Road, Jonesboro, GA 30236
      View Details
    • $1,999,000
      9,385 SF

      Historic Jonesboro Landmark For Sale

      Prominent building in Downtown Jonesboro's Historic District.
      139 N Main Street, Jonesboro, GA 30236
      View Details
    • $2,800,000
      5,484 SF

      Versatile Mixed-Use Commercial Property

      Mixed-use property with event venue, pool, and highway frontage.
      2809 Highway 138, Jonesboro, GA 30236
      View Details
    • $165,000
      1,853 SF

      Jonesboro Commercial Property For Sale

      Commercial property in Jonesboro, Georgia suitable for various businesses.
      1653 Highway 138 E, Jonesboro, GA 30236
      View Details
    • $274,900
      1,310 SF

      Mixed-Use Property in Historic District

      Live/work property near Jonesboro's Historic Downtown District.
      109 Stockbridge Road, Jonesboro, GA 30236
      View Details
    • $579,999

      Jonesboro Quadruplex Investment Opportunity

      Four-unit property in historic district near downtown Jonesboro.
      147 Burnside Street, Jonesboro, GA 30236
      View Details
    • $129,900

      Commercial Land on Highway 138

      1.37 acre commercial land with C-3 zoning near I-75.
      Highway 138, Jonesboro, GA 30236
      View Details
    • $284,000
      1,764 SF

      Jonesboro Commercial Property For Sale

      Two-story commercial building in a busy mixed-use district.
      23 Lee Street, Jonesboro, GA 30236
      View Details
    • $4,732,500
      31,106 SF

      Jonesboro Commercial Portfolio For Sale

      Three-building commercial portfolio on 2.96 acres in Jonesboro, GA.
      213 Arrowhead Boulevard, Jonesboro, GA 30236
      View Details
    • $1,950,000

      Jonesboro Development Opportunity: 10.88 Acres

      10.88 acres in Clayton County with development potential.
      Hwy 138 & N Main Street, Jonesboro, GA 30236
      View Details
    • $400,000

      Upgraded Duplex Near Airport

      Renovated duplex on large lot, convenient location.
      616 Fayetteville Road, Jonesboro, GA 30236
      View Details
    • $552,000

      Jonesboro Land For Sale

      4.6 acre commercial land with mixed-use development potential.
      7577 Tara Boulevard, Jonesboro, GA 30236
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Renovated house on 2 acres near major roads.
    Where is this residential land & home lot located?
    The property is located at 2805 Noahs Ark Road Jonesboro, GA.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Renovated house offers modern living; Great opportunity for private land; Option to purchase back 24 acres for expansion or investment
    (770) 495-5050
    We can help!
    Listing Contact
    Stephen Wilber
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2805 Noahs Ark Road, Jonesboro, GA 30236
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!