Freestanding Storefront
6294 Old Dixie Highway, Jonesboro, GA 30236
For Sale
New
$300,000
A freestanding commercial building with on-site parking and an interior cleared through demolition.
Property Size1,792 SF
Price / SF$167.41
Days on Market7
Property Features for 6294 Old Dixie Highway
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Property Condition
Severity
Evidence
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Drake Realty of GA, Inc.
(770) 565-2044
Listed By:
VINCENT M CONTRERAS · License #286110
(404) 861-1655
Source:
Birch-river
Added: Nov 3
Changed: Nov 7
Last Checked: Nov 8 at 1:59PM
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 Drake Realty of GA, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding storefront building contains 1,792 square feet, with an interior that has been demoed. The property was built in 1987 and includes 25 parking spaces.
The site is near a major highway and a 13-minute drive from the airport. Zoning is ODMMX.
The site is near a major highway and a 13-minute drive from the airport. Zoning is ODMMX.
Key Highlights
- 1,792‑square‑foot freestanding storefront building
- Interior has been demoed
- 25 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,766
Cap Rate
7.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$435,320
$435.3K
Cap Rate 7%
$310,943
$310.9K
Cap Rate 9%
$241,844
$241.8K
Market Conditions
NOI Build-Up for 1,792 SF
Gross rent
$32.3K $18.00/SF
− Vacancy
−$1.2K −$0.65/SF
EGI
$31.1K $17.35/SF
− OpEx
−$9.3K −$5.21/SF
NOI
$21.8K $12.15/SF
Area
Clayton County, GA
Vacancy
3.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$435,320
Cap Rate 7%
$310,943
Cap Rate 9%
$241,844
Alternative Uses
Best Use
Retail
$310.9K
$272.1K – $362.8K
NOI $21,766 @ 7.0% cap · market cap 7.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$500.9K
$438.3K – $584.4K
NOI $35,065 @ 7.0% cap · market cap 11.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
701
Businesses Nearby
77k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 60%
Dining 37%
Hotels & Casinos 2%
Electronics 2%
Texaco
Shops & Services
17,438 visits/mo
0.1 miles
Burger King
Dining
14,875 visits/mo
0.4 miles
dd's DISCOUNTS
Shops & Services
14,058 visits/mo
0.2 miles
Dollar General
Shops & Services
9,042 visits/mo
0.4 miles
Checkers
Dining
6,818 visits/mo
0.1 miles
Demographics for 30236, GA
50,446
Population
19,230
Households
2.6
Avg Household Size
36
Median Age
22%
College-Educated
84%
High-School Grad
32.4 sq mi
ZIP Area
1,557
Density / Sq Mi
$68,867
Median Household Income
$36,501
Median Earnings
$1,233
Median Rent
$219,700
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
Frequently Asked Questions
What type of property is this?
Storefront property - A freestanding commercial building with on-site parking and an interior cleared through demolition.
Where is this storefront property located?
The property is located at 6294 Old Dixie Highway Jonesboro, GA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 1,792‑square‑foot freestanding storefront building; Interior has been demoed; 25 parking spaces
