Technical
Financial
Distress signals
Property profile

118 Stockbridge Rd Jonesboro, GA 30236

FOR SALE
Medical Office Space
Property ID
US22-1467796
6,161 SF 0.89 ac lot Built 1973
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Medical Clinic
  • Counselor
  • Crisis Center Medical Clinic
  • Counselor
  • Real Estate Agency

Location

118 Stockbridge Rd Jonesboro, GA 30236
Jonesboro metro Census 40627 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$440k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$460k

Owner & transaction history

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

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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