Refurbished Flex Building with
New
For Sale
$375,000
4652 Jonesboro Rd, Forest Park, GA 30297
Office and showroom space complement a rear warehouse area, with three-phase power and a roll-up door.
Property Size3,600 SF
Price / SF$104.17
Days on Market4
Property Features for 4652 Jonesboro Rd
General Information
Standard status
Active
Size
3,600 SF
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Utilities to Site
Yes
Warehouse & Industrial
Warehouse Space
2,500 SF
Office Build-Out
1,200 SF
Three-Phase Power
Yes
Amenities
office/showroom space
warehouse space
roll up door
3-phase power
business sign
security fencing
LED lighting
Building Details
Year Built
1981
Buildings
1
Building Size
3,600 SF
Listing Agency:
BHGRE Metro Brokers
Listed By:
Butch Springer
(678) 320-4800
Source:
Broadandmainrealestate
Added: Sep 24
Changed: Sep 25
Last Checked: Sep 26 at 9:06AM
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 BHGRE Metro Brokers
Investment Insights
Based on property information with market context.
This 3,600-square-foot flex building at 4652 Jonesboro Road combines approximately 1,200 square feet of office and showroom space with approximately 2,500 square feet of warehouse area. Improvements include refreshed interior and exterior paint, flooring in the front office, LED lighting, updated bathroom fixtures, a new water heater, and a refreshed roof. The building also has a 3-ton HVAC system, a forced-air heater in the rear, a rear roll-up door, and three-phase power.
The property is in Forest Park, with access to I-285, I-75, and I-675. Nearby destinations identified include Fort Gillem redevelopment, Clayton State University, and the State and National Archives. A business sign is positioned at the street, and the parking lot has been resurfaced and the site secured with fencing.
The property is in Forest Park, with access to I-285, I-75, and I-675. Nearby destinations identified include Fort Gillem redevelopment, Clayton State University, and the State and National Archives. A business sign is positioned at the street, and the parking lot has been resurfaced and the site secured with fencing.
Key Highlights
- 3,600‑square‑foot building with approximately 1,200 square feet of office/showroom and 2,500 square feet of warehouse space
- Three‑phase power and a rear roll‑up door
- 3‑ton HVAC system plus a forced‑air heater in the rear
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
$26,427
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
7.05%
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%
$528,540
$528.5K
Cap Rate 7%
$377,529
$377.5K
Cap Rate 9%
$293,633
$293.6K
Market Conditions
NOI Build-Up for 3,600 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
$34.1K $9.48/SF
− Vacancy
−$3.0K −$0.84/SF
EGI
$31.1K $8.64/SF
− OpEx
−$4.7K −$1.30/SF
NOI
$26.4K $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%
$528,540
Cap Rate 7%
$377,529
Cap Rate 9%
$293,633
Alternative Uses
Best Use
Warehouse
$377.5K
$330.3K – $440.5K
NOI $26,427 @ 7.0% cap · market cap 7.05%
Second Best
Industrial
$313.3K
$274.1K – $365.5K
NOI $21,931 @ 7.0% cap · market cap 5.85%
Theoretical Best
Office A
$1.01M
$880.6K – $1.17M
NOI $70,444 @ 7.0% cap · market cap 18.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
651
Businesses Nearby
Under-served
Demand for This Use
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 Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Office and showroom space complement a rear warehouse area, with three-phase power and a roll-up door.
Where is this flex space located?
The property is located at 4652 Jonesboro Rd Forest Park, GA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 3,600‑square‑foot building with approximately 1,200 square feet of office/showroom and 2,500 square feet of warehouse space; Three‑phase power and a rear roll‑up door; 3‑ton HVAC system plus a forced‑air heater in the rear
