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Property profile & analytics
FOR LEASE
Medical Office Space

118 Stockbridge Rd Jonesboro, GA 30236

6,161 SF 0.89 ac lot Built 1973
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US22-1467796
Property summary
AI-generated overview

This 1978-built, 2018-renovated office building in Jonesboro, Georgia, presents a compelling investment opportunity. The property, located at 118 Stockbridge Road, 30236, comprises 14 office suites ranging from approximately 125 to 1,200 square feet, suitable for various uses including staffing agencies, professional services, creative spaces, and other small businesses. The building sits on a 0.3-acre lot with ample green space, offering unique potential, especially when considered in conjunction with the neighboring property at 112 Stockbridge Road (available for separate acquisition). The property includes approximately 23 parking spaces and benefits from a prime location just one block from Jonesboro's Main Street, offering easy access to restaurants, including the popular Slutty Vegan, and within a 10-minute walk of Jonesboro's city hall complex. The building features long-term, stable anchor tenants, providing immediate cash flow, with additional upside potential from currently vacant suites. A virtual walkthrough is available online. The asking price for this multi-tenant office building is $900,000.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1973
Total area 6,161 SF
Lot 0.89 ac (38,768 SF)
Zoning code C
APN 13-241B- D-011
UPID US22-1467796
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Mental Health & Wellness | Jonesboro | Pathway to Peace LLC Medical Clinic
  • Dui evaluation asam treatment Counselor
  • Peculiar One Counseling Crisis Center Medical Clinic
  • Peculiar One Counseling & Consultant Counselor
  • Vesta Realty Group Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
New & Associates LLC · 5 yrs held
New & Associates LLC
since 2021
Last sale
$415,000
6 recorded transactions
2021
Price N/A
2021
$415,000
2012
$25,000
2011
Price N/A
2011
$777,000
1969
Price N/A
Zoning & alternative use
C · Jonesboro, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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