Flex Warehouse with Office
For Sale
$395,000
285 N Main St, Jonesboro, GA 30236
Flex building pairs front office/showroom space with rear warehouse/service bays for a range of service and logistics uses.
Property Size4,685 SF
Price / SF$84.31
Days on Market90
Property Features for 285 N Main St
General Information
Standard status
Active
Size
4,685 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$5,883
Listing Agency:
CBC Metro Brokers
(678) 320-4800
Listed By:
Amit Grover
(678) 320-4800
Source:
Exprealty
Added: May 27
Changed: Aug 23
Last Checked: Aug 23 at 4:18AM
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 CBC Metro Brokers
Investment Insights
Based on property information with market context.
285 N Main St offers a versatile flex layout combining front office/showroom space with rear warehouse and service bay areas. The building is designed to support multiple occupancy models, including both single-tenant headquarters and multi-tenant configurations, which can help align with owner-user or tenant-diverse operating strategies.
The property provides direct access to Tara Boulevard/US-19/41 and I-75, supporting convenient regional connectivity around the Atlanta metro area. The site is also described as approximately 12 miles from Hartsfield-Jackson Atlanta International Airport, which may appeal to businesses that value proximity to air cargo and travel. In addition, the location is identified as being within the Jonesboro Enterprise Zone, which is noted as offering qualifying buyers up to 10 years of property tax abatements.
This configuration can fit contractors, service firms, suppliers, and public-sector users who need both customer-facing or office-ready space and functional warehouse/service areas. For buyers, the combination of flexible internal layout and the Enterprise Zone tax-abatement program may be important considerations when evaluating occupancy and operating costs.
The property provides direct access to Tara Boulevard/US-19/41 and I-75, supporting convenient regional connectivity around the Atlanta metro area. The site is also described as approximately 12 miles from Hartsfield-Jackson Atlanta International Airport, which may appeal to businesses that value proximity to air cargo and travel. In addition, the location is identified as being within the Jonesboro Enterprise Zone, which is noted as offering qualifying buyers up to 10 years of property tax abatements.
This configuration can fit contractors, service firms, suppliers, and public-sector users who need both customer-facing or office-ready space and functional warehouse/service areas. For buyers, the combination of flexible internal layout and the Enterprise Zone tax-abatement program may be important considerations when evaluating occupancy and operating costs.
Key Highlights
- ±4,000–5,000 SF flex building with front office/showroom space plus rear warehouse/service bays
- Direct access to Tara Blvd/US‑19/41 and I‑75
- Located about 12 miles from Hartsfield‑Jackson Atlanta International Airport
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
$34,392
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
8.71%
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%
$687,840
$687.8K
Cap Rate 7%
$491,314
$491.3K
Cap Rate 9%
$382,133
$382.1K
Market Conditions
NOI Build-Up for 4,685 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
$44.4K $9.48/SF
− Vacancy
−$4.0K −$0.84/SF
EGI
$40.5K $8.64/SF
− OpEx
−$6.1K −$1.30/SF
NOI
$34.4K $7.34/SF
Area
Clayton County, GA
Vacancy
8.90%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
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%
$687,840
Cap Rate 7%
$491,314
Cap Rate 9%
$382,133
Alternative Uses
Best Use
Warehouse
$491.3K
$429.9K – $573.2K
NOI $34,392 @ 7.0% cap · market cap 8.71%
Second Best
Industrial
$407.7K
$356.8K – $475.7K
NOI $28,540 @ 7.0% cap · market cap 7.23%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,675 @ 7.0% cap · market cap 23.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,123
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Wavesbistro — 8059 Tara Blvd, Jonesboro, GA 30236
- New Era Catering and Event Productions — 790 Dixon Rd B3, Jonesboro, GA 30238
Frequently Asked Questions
What type of property is this?
Flex space - Flex building pairs front office/showroom space with rear warehouse/service bays for a range of service and logistics uses.
Where is this flex space located?
The property is located at 285 N Main St Jonesboro, GA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: ±4,000–5,000 SF flex building with front office/showroom space plus rear warehouse/service bays; Direct access to Tara Blvd/US‑19/41 and I‑75; Located about 12 miles from Hartsfield‑Jackson Atlanta International Airport
