Free-Standing Auto Service
For Sale
$1,999,999
8326 Tara Boulevard Jonesboro, Jonesboro, GA 30236
Concrete two-level auto collision repair building with multiple bay doors and spray booth equipment included.
Property Size18,124 SF
Lot Size1.01 Acres
Price / SF$110.35
Days on Market49
Property Features for 8326 Tara Boulevard Jonesboro
General Information
Standard status
Active
Size
18,124 SF
Total Parking Spaces
40
Lot size
1.01 Acres
Warehouse & Industrial
Drive-In Doors
2
Heavy Power
Yes
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$16,554
Amenities
Concrete
true
Owner
Square Feet
Level
1.01
40
Total Road Frontage Length: 225
Parking Lot
1
Building Details
Year Built
1987
Buildings
1
Stories
2
Listing Agency:
Coldwell Banker Realty
(706) 480-5310
Listed By:
Maralee Ray · License #333862
(706) 480-5310
Source:
Thesoldsquad
Added: Jul 10
Changed: Aug 20
Last Checked: Aug 26 at 5:41AM
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.
Free-standing concrete commercial property originally built in 1987 and operated exclusively as a collision repair facility. The 18,124-square-foot building includes two expansive levels with interior stair access, six personnel doors, and two drive-in doors measuring approximately 11.4' x 12'. Restrooms include two bathrooms on the main level and three additional bathrooms upstairs in the paint department. Operational amenities include central HVAC, public water and sewer, natural gas, 220V power, and access to 3-phase electricity. LED lighting was installed throughout approximately eight years ago, and the roof dates to 1989.
The property is positioned along the highly visible Tara Boulevard corridor and is just minutes from Hartsfield-Jackson Atlanta International Airport. Outside, there is concrete parking on a 1.01-acre site.
Included with the sale are collision-repair business equipment and infrastructure, including two heated downdraft cross-flow spray booths with mixing room systems (Unicure and Garmat), three frame racks estimated to be at least 20 years old, three lifts including one approximately 10 years old, and a screw compressor estimated to be approximately 20 years old. The HVAC is estimated to be approximately 25 years old. No clean Phase I ESA is currently on file, and the buyer should verify zoning, permitted uses, taxes, square footage, and all other material facts.
The property is positioned along the highly visible Tara Boulevard corridor and is just minutes from Hartsfield-Jackson Atlanta International Airport. Outside, there is concrete parking on a 1.01-acre site.
Included with the sale are collision-repair business equipment and infrastructure, including two heated downdraft cross-flow spray booths with mixing room systems (Unicure and Garmat), three frame racks estimated to be at least 20 years old, three lifts including one approximately 10 years old, and a screw compressor estimated to be approximately 20 years old. The HVAC is estimated to be approximately 25 years old. No clean Phase I ESA is currently on file, and the buyer should verify zoning, permitted uses, taxes, square footage, and all other material facts.
Key Highlights
- Free‑standing concrete commercial building built in 1987 with 18,124 SF on 1.01 acres
- Two expansive levels with concrete flooring, interior stair access, and 6 personnel doors plus 2 drive‑in doors (~11.4' x 12')
- Operated as a collision repair facility; includes paint department bathrooms (2 on main level, 3 upstairs)
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
$110,409
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
5.52%
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%
$2,208,180
$2.2M
Cap Rate 7%
$1,577,271
$1.6M
Cap Rate 9%
$1,226,767
$1.2M
Market Conditions
NOI Build-Up for 18,124 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
$171.8K $9.48/SF
− Vacancy
−$14.1K −$0.78/SF
EGI
$157.7K $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%
$2,208,180
Cap Rate 7%
$1,577,271
Cap Rate 9%
$1,226,767
Alternative Uses
Best Use
Retail
$3.64M
$3.19M – $4.25M
NOI $254,921 @ 7.0% cap · market cap 12.75%
Second Best
Industrial
$1.58M
$1.38M – $1.84M
NOI $110,409 @ 7.0% cap · market cap 5.52%
Theoretical Best
Office A
$5.07M
$4.43M – $5.91M
NOI $354,645 @ 7.0% cap · market cap 17.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Turnkey business
Opportunity
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
1,136
Businesses Nearby
149k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 56%
Dining 34%
Groceries 10%
QuikTrip
Shops & Services
56,333 visits/mo
0.4 miles
Wendy's
Dining
16,870 visits/mo
0.3 miles
Lidl
Groceries
14,480 visits/mo
0.4 miles
Burger King
Dining
12,197 visits/mo
0.2 miles
Taco Bell
Dining
9,494 visits/mo
0.5 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?
Auto shop - Concrete two-level auto collision repair building with multiple bay doors and spray booth equipment included.
Where is this auto shop located?
The property is located at 8326 Tara Boulevard Jonesboro Jonesboro, GA.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: Free‑standing concrete commercial building built in 1987 with 18,124 SF on 1.01 acres; Two expansive levels with concrete flooring, interior stair access, and 6 personnel doors plus 2 drive‑in doors (~11.4' x 12'); Operated as a collision repair facility; includes paint department bathrooms (2 on main level, 3 upstairs)
