Mixed-Use Property with Gated
For Sale
$1,150,000
9478 Winding Way Ln, Jonesboro, GA 30238
Corner-lot building with a covered drop-off area, flexible rooms, and a full kitchen supports several commercial applications.
Property Size7,752 SF
Price / SF$148.35
Days on Market130
Property Features for 9478 Winding Way Ln
General Information
Standard status
Active
Size
7,752 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
covered drop-off area
reception/lobby area
full kitchen
Building Details
Year Built
2008
Listing Agency:
BuyBox Realty
(678) 770-0289
Listed By:
Eric Baham · License #280083
Source:
Brockteam
Added: Apr 24
Changed: Aug 30
Last Checked: Aug 30 at 7:35PM
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 BuyBox Realty
Investment Insights
Based on property information with market context.
Built in 2008, this mixed-use property provides a functional commercial layout with a reception and lobby area, multiple office or classroom spaces, and a full kitchen. A covered drop-off area adds convenience at the entrance, while central air and electric service support daily operations. Interior finishes include tile, concrete, and laminate surfaces.
The property occupies a corner lot at 9478 Winding Way Lane, just off Tara Boulevard in Jonesboro. Access to I-75 connects the site with surrounding South Atlanta communities, retail, dining, and service providers. Site improvements include gated parking, 30 parking spaces, and a paved driveway.
The existing configuration may support continued educational use or adaptation for church, daycare, senior services, coworking, training, practice, or other community-oriented and professional applications, subject to zoning and local approval.
The property occupies a corner lot at 9478 Winding Way Lane, just off Tara Boulevard in Jonesboro. Access to I-75 connects the site with surrounding South Atlanta communities, retail, dining, and service providers. Site improvements include gated parking, 30 parking spaces, and a paved driveway.
The existing configuration may support continued educational use or adaptation for church, daycare, senior services, coworking, training, practice, or other community-oriented and professional applications, subject to zoning and local approval.
Key Highlights
- 7,752 property size
- 30 parking spaces with gated parking and paved driveway
- Covered drop‑off area at the building entrance
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
$94,187
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
8.19%
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%
$1,883,740
$1.9M
Cap Rate 7%
$1,345,529
$1.3M
Cap Rate 9%
$1,046,522
$1.0M
Market Conditions
NOI Build-Up for 7,752 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
$167.4K $21.60/SF
− Vacancy
−$16.7K −$2.16/SF
EGI
$150.7K $19.44/SF
− OpEx
−$56.5K −$7.29/SF
NOI
$94.2K $12.15/SF
Area
Clayton County, GA
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$1,883,740
Cap Rate 7%
$1,345,529
Cap Rate 9%
$1,046,522
Alternative Uses
Best Use
Mixed Use
$1.35M
$1.18M – $1.57M
NOI $94,187 @ 7.0% cap · market cap 8.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.17M
$1.90M – $2.53M
NOI $151,689 @ 7.0% cap · market cap 13.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
311
Businesses Nearby
Explore this area
Business Placement
Demographics for 30238, GA
41,617
Population
14,899
Households
2.8
Avg Household Size
34
Median Age
21%
College-Educated
85%
High-School Grad
17.3 sq mi
ZIP Area
2,406
Density / Sq Mi
$60,232
Median Household Income
$35,384
Median Earnings
$1,438
Median Rent
$208,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Corner-lot building with a covered drop-off area, flexible rooms, and a full kitchen supports several commercial applications.
Where is this mixed-use property located?
The property is located at 9478 Winding Way Ln Jonesboro, GA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 7,752 property size; 30 parking spaces with gated parking and paved driveway; Covered drop‑off area at the building entrance
