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    Versatile Commercial Building in Jonesboro, GA Title is generated by Realmo AI

    8326 Tara Blvd, Jonesboro, GA 30236

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    18,124 sq ft commercial building suitable for various business uses.

    Type:Industrial
    Property size:
    18,124 SF
    Lot size:
    1.00 Acre
    Price / SF:
    $132/SF
    Added:
    Feb 27, 2021
    Days on Market:
    1924
    Last Refresh:
    May 19 at 9:41 pm

    Property Features for 8326 Tara Blvd

    General Information

    Standard status
    Active
    Size
    18,124 SF
    Lot size
    1.00 Acre
    Property subtype
    Industrial

    Building Details

    Year Built
    1987

    We can help!

    Listing Contact
    Skip Pitner

    Listing agent Skip Pitner License #GA

    Listing office Coldwell Banker Commercial Metro Brokers

    Listing date Feb 27, 2021

    Source Crexi

    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 Coldwell Banker Commercial Metro Brokers

    HighLights

    • Prime commercial location in the heart of Jonesboro, GA, offering high visibility and accessibility.
    • Spacious 18,124 sq. ft. building with two floors and a clear span width of 88 feet.
    • Solid precast concrete structure, previously an auto body and collision repair center for 53+ years.
    • Includes valuable Furniture, Fixtures & Equipment (FF&E): 3 Paint Booths, 3 Frame Racks, 2 In‑Ground Lifts, 1 Above Ground Lift.
    • Restrooms on both floors and an interior stairwell for convenient access.
    • Potential for expansion or additional income streams with the option to purchase adjacent duplex and single‑family home (SFR).

    Overview

    Located in Jonesboro, GA, this 18,124 sq. ft. commercial building presents an opportunity for various business ventures. The precast concrete structure features 9,064 sq. ft. on each of its two floors. The building includes restrooms on both levels and an interior stairwell for access between floors. The building has served as an auto body and collision repair center for over 53 years. The property includes three paint booths, three frame racks, two in-ground lifts, and one above-ground lift. The building has an 88’ clear span width with a center support at 44’. The location is on GA Highway 19-41 (Tara Blvd), south of GA Hwy 138 and north of Smith St. or Flint River Rd. An adjacent duplex and single-family home are available for separate purchase and could be used for employee housing, management perks, or additional rental income. The additional acre of land could be retained for future expansion.
    Property Profile Location Intelligence

    Current Use by Public Records

    Wade's Collision Repair Auto Repair Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Dan Thompson Automotive Inc — 714 Veterans Pkwy, Jonesboro, GA 30238
    • Cox & Reed Towing Company — 118 Stockbridge Rd, Jonesboro, GA 30236
    • Morris & Collins Towing Company — 124 n mcdonough st, jonesboro, ga 30236
    • Smitty's Detail and Auto Spa — 120 N McDonough St Suite 210, Jonesboro, GA 30236
    • 2 Kings Towing

    Location Insight

    • Map
    • Local Demand
    City
    Jonesboro
    County
    Clayton
    State
    Georgia
    Longitude
    -84.3625312
    Latitude
    33.5258736

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    FAQs

    What type of property is this?
    Auto shop - 18,124 sq ft commercial building suitable for various business uses.
    Where is this auto shop located?
    The property is located at 8326 Tara Blvd Jonesboro, GA.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: Prime commercial location in the heart of Jonesboro, GA, offering **high visibility and accessibility**.; Spacious **18,124 sq. ft. building with two floors** and a clear span width of 88 feet.; Solid precast concrete structure, previously an auto body and collision repair center for 53+ years.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Skip Pitner
    Real Estate License ID: GA
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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