Flex Space with
New
For Sale
$375,000
B-4652 Jonesboro Rd, Forest Park, GA 30297
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 Market4
Property Features for B-4652 Jonesboro Rd
General Information
Standard status
Active
Size
3,600 SF
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Warehouse Space
2,500 SF
Office Build-Out
1,200 SF
Three-Phase Power
Yes
Taxes and HOA fees
Annual Taxes
$3,144
Building Details
Buildings
1
Building Size
3,600 SF
Listing Agency:
BHGRE Metro Brokers
(404) 843-2500
Listed By:
Butch Springer
(770) 527-1818
Source:
Exprealty
Added: Sep 22
Changed: Sep 24
Last Checked: Sep 24 at 2:15PM
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
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 = 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
$26,427
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
7.05%
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%
$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
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
$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 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%
$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.
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
Questions? Ask Rey
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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
