Corner Office
For Sale
$575,000
4362 Thurmond Rd, Forest Park, GA 30297
Office-type building on a highly exposed corner parcel with frontage along two roads.
Property Size2,560 SF
Price / SF$224.61
Days on Market96
Property Features for 4362 Thurmond Rd
General Information
Standard status
Active
Size
2,560 SF
Additional Details
Road Access
Yes
Building Details
Year Built
1965
Buildings
1
Listing Agency:
Tara Properties, Inc.
Listed By:
Danny Butler
(770) 954-0700
Source:
Annakintown
Added: Jul 12
Changed: Oct 13
Last Checked: Oct 7 at 5:28PM
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 Tara Properties, Inc.
Investment Insights
Based on property information with market context.
This office-type building contains 2,560 square feet and was built in 1965. The property is offered in its present condition and is currently used for a business involving grooming-equipment sharpening, scissors, and pet shampoo. The building is included with the property.
The parcel occupies the corner of Thurmond Road and Old Jonesboro Road in Forest Park, Georgia. It provides 160 feet of frontage on Thurmond Road and 150 feet along Old Jonesboro Road, with additional exposure at the rear. The site is near the intersection of Thurmond Road and Jonesboro Road.
The parcel occupies the corner of Thurmond Road and Old Jonesboro Road in Forest Park, Georgia. It provides 160 feet of frontage on Thurmond Road and 150 feet along Old Jonesboro Road, with additional exposure at the rear. The site is near the intersection of Thurmond Road and Jonesboro Road.
Key Highlights
- 2,560‑square‑foot office‑type building built in 1965
- Corner parcel at Thurmond Road and Old Jonesboro Road
- 160 feet of frontage on Thurmond Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,281
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$685,620
$685.6K
Cap Rate 7%
$489,729
$489.7K
Cap Rate 9%
$380,900
$380.9K
Market Conditions
NOI Build-Up for 2,560 SF
Gross rent
$61.1K $23.87/SF
− Vacancy
−$15.4K −$6.02/SF
EGI
$45.7K $17.85/SF
− OpEx
−$11.4K −$4.46/SF
NOI
$34.3K $13.39/SF
Area
Clayton County, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$685,620
Cap Rate 7%
$489,729
Cap Rate 9%
$380,900
Alternative Uses
Best Use
Office B
$489.7K
$428.5K – $571.4K
NOI $34,281 @ 7.0% cap · market cap 5.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$715.6K
$626.2K – $834.9K
NOI $50,093 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
469
Businesses Nearby
Explore this area
Business Placement
Demographics for 30297, GA
29,669
Population
11,438
Households
2.6
Avg Household Size
33
Median Age
13%
College-Educated
75%
High-School Grad
11.0 sq mi
ZIP Area
2,697
Density / Sq Mi
$45,975
Median Household Income
$34,330
Median Earnings
$1,144
Median Rent
$121,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Office-type building on a highly exposed corner parcel with frontage along two roads.
Where is this office units located?
The property is located at 4362 Thurmond Rd Forest Park, GA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 2,560‑square‑foot office‑type building built in 1965; Corner parcel at Thurmond Road and Old Jonesboro Road; 160 feet of frontage on Thurmond Road
