9184 Turner Rd Jonesboro, GA 30236
- Manufacturing properties
- 10,875 SF
- 2.40 lot acres
Current Use by Public Records
- Georgia Yard Barns / Portable Building Manufacturer
Property Details for 9184 Turner Rd
- Year built
- 1995
- Construction
- CONCRETE
- Lot size
- 2.40 lot acres
- Property size
- 10,875 SF
- Zone code
- HI
- Property type
- Manufacturing properties
- APN
- 06-001 -032-004
- APU
- 6001032004
Description
This stabilized industrial investment opportunity in Jonesboro, Georgia, presents a compelling sale-leaseback scenario. The property encompasses three buildings totaling 21,625 square feet situated on a 4.2-acre lot zoned for heavy industrial use. Building 1 offers 6,000 square feet with two 12' x 14' roll-up doors, 14' to 16' clear height, and 3-phase power. Building 2, at 9,625 square feet, includes 1,000 square feet of office space, seven 12' x 14' drive-in doors, two dock-high doors, 24' clear height, and 3-phase power. Conveniently designed for through-traffic, it features two drive-in and two dock-high doors at the front, aligning with two rear drive-in doors. Building 3 comprises 6,000 square feet with 14' to 16' ceiling height and four at-grade openings. Further enhancing the property's utility is a 4,000-square-foot open shed with 16' clear eave height and two smaller storage sheds. The entire site is graveled and fenced, providing ample outdoor storage. The property boasts thirteen loading docks in total. All three buildings benefit from 3-phase power. The asking price is $2,200,000, representing a price per square foot of $101.73, with a pro-forma cap rate of 8.00% and a pro-forma NOI of $176,000. The current lease is a triple-net (NNN) single-tenancy agreement with three years remaining. The property's strategic location is seven miles from I-75 and I-675, offering excellent access to major transportation arteries. APN: 06-00001-032-004 & 06-00001-032-018.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,030,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,010,000
- 6.5%
- $880,000
- 7%
- $1,005,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,020,000
- Geo Method
- $850,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $785,000
- Retail
- $1,035,000
- Mixed-Use
- $810,000
- Hospitality
- $830,000
- Educational
- $1,055,000
- Residential Income
- $1,030,000
- Energy
- $995,000
- Income-Based Land
- $1,045,000
- Food Service
- $1,075,000
Location Insight
- Map
- Local Demand
- City
- Jonesboro
- County
- Clayton
- State
- Georgia
- Longitude
- -84.3442
- Latitude
- 33.5043
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
