Refreshed Flex
New
For Sale
$375,000
4652 Jonesboro Road Unit B, Forest Park, GA 30297
Office and showroom space adjoins a warehouse area with a rear roll-up door and three-phase power.
Property Size1,981 SF
Price / SF$104.17
Days on Market6
Property Features for 4652 Jonesboro Road Unit B
General Information
Standard status
Active
Size
1,981 SF
Property subtype
Other
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Warehouse Space
2,500 SF
Office Build-Out
1,200 SF
Three-Phase Power
Yes
Amenities
Land Lot: 48, 0.259 acres, Near Public Transit
Metal
Partial, Security
Public Sewer
Annual Amount: $3,144, Year: 24
Concrete, Laminate
Central Air, Electric, Office Area Only
Forced Air, Natural Gas
Cumulative Days on Market: 4, 4 days on market, On Market Date: 2026-09-22
Parking Total: 12, Parking Lot, Paved, Secured
Built in 1981, Block, Retail, Warehouse
County: Clayton
Updated/Remodeled
440 Volts, 3 Phase Electricity Available, Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Phone Available, Sewer Available, Water Available, Public
Close Of Escrow
Accessible Approach with Ramp
Building Details
Building Size
1,981 SF
Year Built
1981
Buildings
1
Listing Agency:
BHGRE Metro Brokers
(404) 843-2500
Listed By:
Butch Springer
(770) 527-1818
Source:
Blackstreaminternational
Added: Sep 22
Changed: Sep 26
Last Checked: Sep 26 at 9:03AM
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 combines office and showroom space with a warehouse area. Recent work includes interior and exterior paint, updated flooring in the front office, a new 3-ton HVAC system, bathroom fixtures and water heater, and a forced-air heater in the rear. The roof has been refreshed, LED lighting installed throughout, and the parking lot resurfaced. A rear roll-up door, security fencing, and street-facing business sign are also in place.
Located on Jonesboro Road in Forest Park, the property offers access to I-285, I-75, and I-675. Nearby destinations identified include the Fort Gillem redevelopment, Clayton State University, and the State and National Archives.
Located on Jonesboro Road in Forest Park, the property offers access to I-285, I-75, and I-675. Nearby destinations identified include the Fort Gillem redevelopment, Clayton State University, and the State and National Archives.
Key Highlights
- 3,600+/- SF commercial building
- Office/showroom area and warehouse space
- New 3‑ton HVAC system, rear forced‑air heater, and 3‑phase power
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
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Office and showroom space adjoins a warehouse area with a rear roll-up door and three-phase power.
Where is this flex space located?
The property is located at 4652 Jonesboro Road Unit B 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+/- SF commercial building; Office/showroom area and warehouse space; New 3‑ton HVAC system, rear forced‑air heater, and 3‑phase power
