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Property profile & analytics
FOR SALE
Commercial land

1199 Jonesboro Rd Mcdonough, GA 30253-6030

1,983 SF 9.05 ac lot Built 1980
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US22-4668032
Property summary
AI-generated overview

This exceptional 13+/- acre commercial land parcel presents a remarkable investment opportunity in McDonough, Georgia. Located at 1199 Jonesboro Rd, this fee-simple property boasts a prime pin corner location at a traffic signal, ensuring exceptional visibility and accessibility. The C2 zoning allows for a wide range of commercial development options. Situated less than one mile from Interstate 75 (with approximately 145,000 ADT) and conveniently close to the Metro Express Lane entrance/exit, this site benefits from unparalleled connectivity. On-site sanitary sewer is already available, simplifying development. The gentle, flat topography makes construction straightforward. This rapidly growing area shows significant commercial and residential expansion, with a projected population increase exceeding 6% annually within a one-mile radius. Average household income within one mile surpasses $102,000, and median home values exceed $290,000. The property's strategic location near the super-regional Henry Town Center (featuring major retailers like Target and Home Depot) and Henry Marketplace further enhances its value. The proposed Bridges at Jodeco mixed-use development, just one exit north, adds to the area's future growth potential. Jonesboro Road boasts approximately 33,000 ADT. Across the street sits a new 342-unit apartment complex, providing a substantial residential base. The property's APN is 073-01032000. The asking price is $12,489,995. Additional adjacent land may also be available.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1980
Total area 1,983 SF
Lot 9.05 ac (394,218 SF)
Zoning code C2
APN 073-01032000
UPID US22-4668032
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$460k
CAP Approach CAP
$370k
Comparable Approach Comparable
$510k
Blend (final) Blend
$515k
Owner & transaction history
Lucem Ents LLC · 6 yrs held
Lucem Ents LLC
since 2020
6 recorded transactions
2020
Price N/A
2017
Price N/A
2016
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
C2 · Mcdonough, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Zoning Code Title 17
Top alternative use upside
Retail stores $460,000 +1.2%
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