283 N Main Street, Jonesboro, GA 30236

Building Details

Building Size 941 SF More

Year Built 1964 More

Listing Agency: The Housing Group Real Estate h***@thgreo.com Show Phone

Listed By: Jim Dutton · License #123699 Show Phone

Source: Batten-taylor

Added: May 21 Changed: Nov 7 Last Checked: Nov 8 at 12:30PM

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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 The Housing Group Real Estate

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Investment Insights

Based on property information with market context.

This 941-square-foot storefront was built in 1964 and is zoned C- Commercial. The property has previously served as a hair salon, real estate office, and storage facility, reflecting a range of past configurations and uses. It requires work before occupancy.

The building is on N Main Street in Jonesboro, one block from the Post Office.

Key Highlights

• 941‑square‑foot storefront
• C- Commercial zoning
• Built in 1964

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$11,430

Cap Rate

9.15%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$228,600 $228.6K

Cap Rate 7%

$163,286 $163.3K

Cap Rate 9%

$127,000 $127.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 941 SF

Gross rent

$16.9K $18.00/SF

− Vacancy

−$610 −$0.65/SF

EGI

$16.3K $17.35/SF

− OpEx

−$4.9K −$5.21/SF

NOI

$11.4K $12.15/SF

Area

Clayton County, GA

Vacancy

3.60%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$228,600

Cap Rate 7%

$163,286

Cap Rate 9%

$127,000

Alternative Uses

Best Use

Retail

$163.3K

$142.9K – $190.5K (±1% cap)

NOI $11,430 @ 7.0% cap · market cap 9.15%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$263.0K

$230.2K – $306.9K (±1% cap)

NOI $18,413 @ 7.0% cap · market cap 14.74%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Parking Lot & Garage Garden Center Cafe & Coffee Shop Gym & Fitness Center Furniture & Home Goods HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,123

Businesses Nearby

102k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 73% Groceries 14% Dining 12% Electronics 1%

QuikTrip Shops & Services

56,333 visits/mo 0.3 miles

Lidl Groceries

14,480 visits/mo 0.5 miles

Taco Bell Dining

9,494 visits/mo 0.4 miles

Truist Shops & Services

4,719 visits/mo 0.2 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

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Similar Off Market Nearby

• Kroger Floral Department — 8059 Tara Blvd, Jonesboro, GA 30236
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Frequently Asked Questions

What type of property is this?

Storefront property - Commercial zoning and a 941-square-foot footprint support a range of potential storefront uses.

Where is this storefront property located?

The property is located at 283 N Main Street Jonesboro, GA.

What is the asking price?

The asking price for this property is $124,900.

What are key features of this property?

This property features: 941‑square‑foot storefront; C- Commercial zoning; Built in 1964