Versatile Commercial Building in Jonesboro,
For Sale
$2,300,000
8326 Tara Boulevard, Jonesboro, GA 30236
18,124 sq ft commercial building suitable for various business uses.
Property Size18,128 SF
Lot Size1.00 Acre
Price / SF$126.88
Days on Market163
Property Features for 8326 Tara Boulevard
General Information
Standard status
Active
Size
18,128 SF
Lot size
1.00 Acre
Building Details
Year Built
1987
Listing Agency:
Coldwell Banker Realty
Listed By:
Timmothy B McCann
Source:
Eternorealtygroup
Added: Mar 26
Changed: Sep 3
Last Checked: Sep 2 at 2:43AM
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 Realty
Investment Insights
Based on property information with market context.
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.
Key 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.
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
$110,433
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
4.80%
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%
$2,208,660
$2.2M
Cap Rate 7%
$1,577,614
$1.6M
Cap Rate 9%
$1,227,033
$1.2M
Market Conditions
NOI Build-Up for 18,128 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
$171.9K $9.48/SF
− Vacancy
−$14.1K −$0.78/SF
EGI
$157.8K $8.70/SF
− OpEx
−$47.3K −$2.61/SF
NOI
$110.4K $6.09/SF
Area
Clayton County, GA
Vacancy
8.20%
Lease Rate
$9.48 /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%
$2,208,660
Cap Rate 7%
$1,577,614
Cap Rate 9%
$1,227,033
Alternative Uses
Best Use
Retail
$3.64M
$3.19M – $4.25M
NOI $254,977 @ 7.0% cap · market cap 11.09%
Second Best
Industrial
$1.58M
$1.38M – $1.84M
NOI $110,433 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$5.07M
$4.43M – $5.91M
NOI $354,723 @ 7.0% cap · market cap 15.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,136
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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 Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Tara Auto Service — 8754 Roberts Rd, Jonesboro, GA 30238
- Good Wheels Certified — 181 s main st, jonesboro, ga 30236
- Good Wheels Certified Auto Repair — 181 S Main St, Jonesboro, GA 30236
- Speedy tires and auto repair — 544 Flint River Rd, Jonesboro, GA 30238
- Osborne Automotive — 560 Flint River Rd, Jonesboro, GA 30238
Frequently Asked Questions
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 Boulevard Jonesboro, GA.
What is the asking price?
The asking price for this property is $2,300,000.
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.
