Turnkey Auto Repair Shop with
For Sale
Contact for pricing
4660 & 4666 Jonesboro Road, Forest Park, GA 30297
Turnkey auto repair facility with 10,402 SF of bays and 12 lifts, situated on 1+ acre.
Property Size10,402 SF
Price / SF$240.34
Days on Market50
Property Features for 4660 & 4666 Jonesboro Road
General Information
Standard status
Active
Size
10,402 SF
Total Parking Spaces
30
Property subtype
Retail
Zoning
C-3 Commercial
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Service Bays
12
Building Details
Year Built
1965
Year Renovated
2020
Units
2
Tenancy
Single
Listing Agency:
Berkshire Hathaway HomeServices Georgia Properties
Listed By:
Barry Joyner · License #GA 104747
(404) 290-4612
Source:
Crexi
Added: Jul 20
Changed: Aug 13
Last Checked: Sep 7 at 2:03AM
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 Berkshire Hathaway HomeServices Georgia Properties
Investment Insights
Based on property information with market context.
Turnkey auto repair shop built for day-to-day vehicle service, featuring 10,402 square feet of auto repair facilities on more than one acre. The sale is presented as a ready-to-operate operation, supported by the included repair equipment, engines, tools, and 12 lifts.
The business has been operating for 10+ years, with gross income exceeding $600,000 (per the provided information). Located on Jonesboro Road in Forest Park, the property is described as having 2026 traffic counts over 21,000 vehicles per day and close proximity to I-285.
For buyers seeking an established, equipment-included automotive service location, the included lifts and tools are intended to support immediate use of the existing repair layout.
The business has been operating for 10+ years, with gross income exceeding $600,000 (per the provided information). Located on Jonesboro Road in Forest Park, the property is described as having 2026 traffic counts over 21,000 vehicles per day and close proximity to I-285.
For buyers seeking an established, equipment-included automotive service location, the included lifts and tools are intended to support immediate use of the existing repair layout.
Key Highlights
- Busy auto repair shop with 10,402 SF of auto repair facilities
- Located on Jonesboro Road in Forest Park on 1+ acre
- Includes 12 lifts and repair equipment, engines, and tools included in the sale
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
$146,308
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
5.85%
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%
$2,926,160
$2.9M
Cap Rate 7%
$2,090,114
$2.1M
Cap Rate 9%
$1,625,644
$1.6M
Market Conditions
NOI Build-Up for 10,402 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
$228.4K $21.96/SF
− Vacancy
−$19.4K −$1.87/SF
EGI
$209.0K $20.09/SF
− OpEx
−$62.7K −$6.03/SF
NOI
$146.3K $14.07/SF
Area
Clayton County, GA
Vacancy
8.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
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%
$2,926,160
Cap Rate 7%
$2,090,114
Cap Rate 9%
$1,625,644
Alternative Uses
Best Use
Retail
$2.09M
$1.83M – $2.44M
NOI $146,308 @ 7.0% cap · market cap 5.85%
Second Best
Industrial
$905.2K
$792.1K – $1.06M
NOI $63,367 @ 7.0% cap · market cap 2.53%
Theoretical Best
Office A
$2.91M
$2.54M – $3.39M
NOI $203,543 @ 7.0% cap · market cap 8.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12
Service bays
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
651
Businesses Nearby
Well-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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Turnkey auto repair facility with 10,402 SF of bays and 12 lifts, situated on 1+ acre.
Where is this auto shop located?
The property is located at 4660 & 4666 Jonesboro Road Forest Park, GA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Busy auto repair shop with 10,402 SF of auto repair facilities; Located on Jonesboro Road in Forest Park on 1+ acre; Includes 12 lifts and repair equipment, engines, and tools included in the sale
