Retail Space with Available
For Sale
Contact for pricing
4894 Jonesboro Rd, Forest Park, GA 30297
Commercial retail property offering immediate occupancy potential within a flexible, multi-space building.
Property Size6,040 SF
Price / SF$198.68
Days on Market8
Property Features for 4894 Jonesboro Rd
General Information
Standard status
Active
Size
6,040 SF
Property subtype
Retail
Zoning
C
Occupancy
100%
Investment Type
Owner/User
Building Details
Year Built
2007
Buildings
1
Units
2
Tenancy
Multi
Listing Agency:
BellStreet
(303) 731-5800
Listed By:
Brian Bell · License #GA 366717
Source:
Crexi
Added: Aug 13
Changed: Aug 18
Last Checked: Aug 20 at 10:14AM
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 BellStreet
Investment Insights
Based on property information with market context.
This 6,040-square-foot retail property, built in 2007, includes approximately 2,600 square feet that is immediately available for occupancy. An additional approximately 3,400 square feet may become available, giving a future owner the option to control more of the building over time. The property is zoned C and supports a flexible retail configuration.
Located on Jonesboro Road in Forest Park, the property offers access to I-75, I-285, and Hartsfield-Jackson Atlanta International Airport. Its existing building area and staged availability create a commercial setup that can accommodate immediate occupancy while preserving the possibility of expanded control of the premises.
Located on Jonesboro Road in Forest Park, the property offers access to I-75, I-285, and Hartsfield-Jackson Atlanta International Airport. Its existing building area and staged availability create a commercial setup that can accommodate immediate occupancy while preserving the possibility of expanded control of the premises.
Key Highlights
- 6,040 SF retail property built in 2007
- Approximately 2,600 SF immediately available
- Additional approximately 3,400 SF may become available
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
$84,955
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
7.08%
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%
$1,699,100
$1.7M
Cap Rate 7%
$1,213,643
$1.2M
Cap Rate 9%
$943,944
$943.9K
Market Conditions
NOI Build-Up for 6,040 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
$132.6K $21.96/SF
− Vacancy
−$11.3K −$1.87/SF
EGI
$121.4K $20.09/SF
− OpEx
−$36.4K −$6.03/SF
NOI
$85.0K $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%
$1,699,100
Cap Rate 7%
$1,213,643
Cap Rate 9%
$943,944
Alternative Uses
Best Use
Retail
$1.21M
$1.06M – $1.42M
NOI $84,955 @ 7.0% cap · market cap 7.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,189 @ 7.0% cap · market cap 9.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
660
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Commercial retail property offering immediate occupancy potential within a flexible, multi-space building.
Where is this retail space located?
The property is located at 4894 Jonesboro Rd Forest Park, GA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 6,040 SF retail property built in 2007; Approximately 2,600 SF immediately available; Additional approximately 3,400 SF may become available
