Flex Space with
B-4652 Jonesboro Rd, Forest Park, GA 30297
For Sale
$375,000
Refreshed office and showroom areas pair with warehouse space, three-phase power, and a rear roll-up door.
Property Size3,600 SF
Price / SF$104.17
Days on Market49
Property Features for B-4652 Jonesboro Rd
General Information
Standard status
Size
Site & Location
Highway Access
Fenced Yard
Warehouse & Industrial
Warehouse Space
Office Build-Out
Three-Phase Power
Taxes and HOA fees
Annual Taxes
Building Details
Buildings
Building Size
Listing Agency:
BHGRE Metro Brokers
(404) 843-2500
Listed By:
Butch Springer · License #183192
(770) 527-1818
Source:
Exprealty
Added: Sep 22
Changed: Nov 5
Last Checked: Nov 8 at 8:17AM
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 BHGRE Metro Brokers
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,600+/- SF flex building combines approximately 1,200 SF of office and showroom area with approximately 2,500 SF of warehouse space. Recent work includes interior and exterior paint, refreshed flooring in the front office, new bathroom fixtures and water heater, and a new 3-ton HVAC system. The rear also has a forced-air heater, and the roof has been refreshed. LED lighting serves the building, with a roll-up door at the rear and three-phase power. Site features include a resurfaced parking lot, security fencing, and a street-facing business sign.
The property is on Jonesboro Road in Forest Park, with access to I-285, I-75, and I-675. Nearby destinations include Fort Gillem redevelopment, Clayton State University, the State and National Archives, and surrounding residences and businesses.
The property is on Jonesboro Road in Forest Park, with access to I-285, I-75, and I-675. Nearby destinations include Fort Gillem redevelopment, Clayton State University, the State and National Archives, and surrounding residences and businesses.
Key Highlights
- 3,600+/- SF building with approximately 1,200 SF of office/showroom and 2,500 SF of warehouse space
- Three‑phase power and a rear roll‑up door
- New 3‑ton HVAC system, forced‑air heater, and refreshed roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,427
Cap Rate
7.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$528,540
$528.5K
Cap Rate 7%
$377,529
$377.5K
Cap Rate 9%
$293,633
$293.6K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$34.1K $9.48/SF
− Vacancy
−$3.0K −$0.84/SF
EGI
$31.1K $8.64/SF
− OpEx
−$4.7K −$1.30/SF
NOI
$26.4K $7.34/SF
Area
Clayton County, GA
Vacancy
8.90%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$528,540
Cap Rate 7%
$377,529
Cap Rate 9%
$293,633
Alternative Uses
Best Use
Warehouse
$377.5K
$330.3K – $440.5K
NOI $26,427 @ 7.0% cap · market cap 7.05%
Second Best
Industrial
$313.3K
$274.1K – $365.5K
NOI $21,931 @ 7.0% cap · market cap 5.85%
Theoretical Best
Office A
$1.01M
$880.6K – $1.17M
NOI $70,444 @ 7.0% cap · market cap 18.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
405
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 30297, GA
29,669
Population
11,438
Households
2.6
Avg Household Size
33
Median Age
13%
College-Educated
75%
High-School Grad
11.0 sq mi
ZIP Area
2,697
Density / Sq Mi
$45,975
Median Household Income
$34,330
Median Earnings
$1,144
Median Rent
$121,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Refreshed office and showroom areas pair with warehouse space, three-phase power, and a rear roll-up door.
Where is this flex space located?
The property is located at B-4652 Jonesboro Rd Forest Park, GA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 3,600+/- SF building with approximately 1,200 SF of office/showroom and 2,500 SF of warehouse space; Three‑phase power and a rear roll‑up door; New 3‑ton HVAC system, forced‑air heater, and refreshed roof
