Commercial Land Near
For Sale
$499,000
7565 Tara Boulevard, Jonesboro, GA 30236
Two parcels are offered together with access to I-75 and I-285.
Property Size2,240 SF
Price / SF$222.77
Days on Market328
Property Features for 7565 Tara Boulevard
General Information
Standard status
Active
Size
2,240 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$3,628
Amenities
A/C - Other
3
Other
Parking.
50 Parking Spaces. Other Parking, Lot.
23086.80078125
In City, County Road, Paved Road.
Building Details
Year Built
1975
Listing Agency:
Hester Group, REALTORS
(470) 719-4741
Listed By:
Mercille Adams · License #363387
(470) 719-4741
Source:
Xome
Added: Oct 7, 2025
Changed: Aug 30
Last Checked: Aug 30 at 2:34AM
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 Hester Group, REALTORS
Investment Insights
Based on property information with market context.
This commercial land offering combines 7559 Tara Boulevard and 7565 Tara Boulevard, which are required to sell together. The parcels total 1.73 acres and include 50 parking spaces. Existing property records identify a 1975 improvement with A/C - Other.
The site is positioned off Tara Boulevard in Jonesboro, surrounded by established businesses. Access is available to I-75 and I-285, while the property is served by a paved county road within the city and county jurisdiction.
The site is positioned off Tara Boulevard in Jonesboro, surrounded by established businesses. Access is available to I-75 and I-285, while the property is served by a paved county road within the city and county jurisdiction.
Key Highlights
- Two Tara Boulevard properties offered together: 7559 Tara Boulevard and 7565 Tara Boulevard
- Combined land area of 1.73 acres
- 50 parking spaces in an on‑site lot
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
$31,506
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
6.31%
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%
$630,120
$630.1K
Cap Rate 7%
$450,086
$450.1K
Cap Rate 9%
$350,067
$350.1K
Market Conditions
NOI Build-Up for 2,240 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
$49.2K $21.96/SF
− Vacancy
−$4.2K −$1.87/SF
EGI
$45.0K $20.09/SF
− OpEx
−$13.5K −$6.03/SF
NOI
$31.5K $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%
$630,120
Cap Rate 7%
$450,086
Cap Rate 9%
$350,067
Alternative Uses
Best Use
Retail
$450.1K
$393.8K – $525.1K
NOI $31,506 @ 7.0% cap · market cap 6.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$626.2K
$547.9K – $730.5K
NOI $43,832 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
50k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 70%
Shops & Services 30%
Chick-fil-A
Dining
35,317 visits/mo
0.5 miles
Raceway
Shops & Services
7,530 visits/mo
0.3 miles
Texaco
Shops & Services
3,995 visits/mo
0.3 miles
Starship
Shops & Services
3,306 visits/mo
0.3 miles
Napa Auto Parts
Shops & Services
327 visits/mo
0.0 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Two parcels are offered together with access to I-75 and I-285.
Where is this commercial land located?
The property is located at 7565 Tara Boulevard Jonesboro, GA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two Tara Boulevard properties offered together: 7559 Tara Boulevard and 7565 Tara Boulevard; Combined land area of 1.73 acres; 50 parking spaces in an on‑site lot
