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    2803 Ga-138 Jonesboro, GA 30236
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    2803 Ga-138 Jonesboro, GA 30236

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    • Retirement homes
    • 2.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retirement homes

    Property Details for 2803 Ga-138

    Lot size
    2.00 lot acres
    Property type
    Retirement homes
    Property subtype
    Mixed-use properties

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Jonesboro
    County
    Clayton
    State
    Georgia
    Longitude
    -84.2999
    Latitude
    33.5409

    Comparable in this City

    • Value Estimation
      $1,600,000
      46,561 SF

      2650 Hwy 138th E

      HOMES (RETIRED, NURSING) • 46,561 SF
      2650 Hwy 138th E, Jonesboro, GA 30236-2744
      View Details
    • Value Estimation by Request
      4,690 SF

      365 Arrowhead Blvd

      HOMES (RETIRED, NURSING) • 4,690 SF
      365 Arrowhead Blvd, Jonesboro, GA 30236-1103
      View Details
    • Value Estimation by Request
      15,463 SF

      6907 Tara Blvd

      HOMES (RETIRED, NURSING) • 15,463 SF
      6907 Tara Blvd, Jonesboro, GA 30236-1503
      View Details
    • Value Estimation
      $4,535,000
      84,230 SF

      8080 Smt Business Pkwy

      HOMES (RETIRED, NURSING) • 84,230 SF
      8080 Smt Business Pkwy, Jonesboro, GA 30236-4199
      View Details
    • Value Estimation by Request
      35,671 SF

      239 Arrowhead Blvd

      HOMES (RETIRED, NURSING) • 35,671 SF
      239 Arrowhead Blvd, Jonesboro, GA 30236-1101
      View Details
    • Value Estimation by Request
      400 SF

      7262 Mt Zion Blvd

      HOMES (RETIRED, NURSING) • 400 SF
      7262 Mt Zion Blvd, Jonesboro, GA 30236-2520
      View Details

    Similar Nearby for Sale

    • $125,000
      Pending

      Commercial Lot with Potential Office

      Commercial lot with older house suitable for office or residence.
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    • $325,000

      Prime Commercial Development Opportunity

      Commercial land in Jonesboro, zoned for live/work, restaurant, office.
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    • $165,000
      1,853 SF

      Jonesboro Commercial Property For Sale

      Commercial property in Jonesboro, Georgia suitable for various businesses.
      1653 Highway 138 E, Jonesboro, GA 30236
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    • New
      $274,900
      1,310 SF

      Mixed-Use Property in Historic District

      Live/work property near Jonesboro's Historic Downtown District.
      109 Stockbridge Rd, Jonesboro, GA 30236
      View Details
    • $2,800,000
      5,484 SF

      Versatile Mixed-Use Commercial Property

      Mixed-use property with event venue, pool, and highway frontage.
      2809 Highway 138, Jonesboro, GA 30236
      View Details
    • Contact for pricing
      18,000 SF

      Versatile Flex and Event Campus

      Multi-building flex and event campus on Tara Boulevard.
      9696 Tara Blvd, Jonesboro, GA 30236
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Tara Blvd Land for Lease

      1.06 acres of commercial land available for lease.
      6278 Tara Blvd, Jonesboro, GA 30236
      View Details
    • Contact for pricing
      28,944 SF

      Industrial Space with High Ceilings

      28,944 SF industrial space featuring 36' clear height.
      1412 Battlecreek Rd, Jonesboro, GA 30236
      View Details
    • $1,500 /Mo
      1,400 SF

      Jonesboro Retail Space For Rent

      Versatile 1400 SF retail space in prime Jonesboro location.
      231 Stockbridge Rd, Jonesboro, GA 30236
      View Details
    • New
      $700 /Mo

      Commercial Space in Downtown Jonesboro

      750 SF commercial space near post office and city hall.
      274 N Main St, Jonesboro, GA 30236
      View Details
    • Contact for pricing
      6,392 SF

      Retail Space with Ample Parking

      Retail property with high traffic and parking.
      6632 Tara Blvd, Jonesboro, GA 30236
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available for rent at 6743 Tara Blvd.
      6743 Tara Blvd, Jonesboro, GA 30236
      View Details
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    Jonesboro, GA 30236
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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