Auto Repair Shop with 12
For Sale
$2,500,000
4666 Jonesboro Road, Forest Park, GA 30297
Forest Park, GA
Property Size10,402 SF
Price / SF$240.34
Days on Market52
Property Features for 4666 Jonesboro Road
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Size
10,402 SF
Building Details
Year built
1965
Listing Agency:
Alpharetta / North Fulton Office · Berkshire Hathaway HomeServices
(770) 475-0505
Listed By:
Barry Joyner · License #104747
(404) 290-4612
Added: Jul 21
Changed: Sep 9
Last Checked: Sep 10 at 4:06AM
MLS# 10810271
Copyright © 2026 Berkshire Hathaway HomeServices Georgia Properties. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property comprises a 10,402-square-foot automotive repair facility on more than 1 acre, with 12 lifts and a broad inventory of repair equipment, engines, and tools. The shop has operated for 10+ years and is situated on Jonesboro Road in Forest Park, Georgia.
The site records 2026 traffic counts of over 21,000 vehicles per day and is located near I-285. The existing improvements and included equipment support continued automotive repair operations, subject to the buyer’s intended use and applicable requirements.
The site records 2026 traffic counts of over 21,000 vehicles per day and is located near I-285. The existing improvements and included equipment support continued automotive repair operations, subject to the buyer’s intended use and applicable requirements.
Key Highlights
- 10,402‑square‑foot automotive repair facility on more than 1 acre
- 12 lifts included with the sale
- Repair equipment, engines, and tools included
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
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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- Brothers Auto Repair — 1181 Main St, Forest Park, GA 30297
Frequently Asked Questions
What type of property is this?
Auto shop - Established automotive repair facility with included lifts, equipment, engines, and tools.
Where is this auto shop located?
The property is located at 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: 10,402‑square‑foot automotive repair facility on more than 1 acre; 12 lifts included with the sale; Repair equipment, engines, and tools included
