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Property profile & analytics
FOR LEASE
Strip malls

1423 Stockbridge Rd Jonesboro, GA 30236

7,395 SF 1 ac lot Built 1974
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US22-1431895
Property summary
AI-generated overview

This exceptional retail opportunity presents a 9,050 square foot center situated on a one-acre lot at 1423 Stockbridge Rd, Jonesboro, GA 30236. The property, known as Spivey Plaza, boasts a prime location on busy Stockbridge Rd, featuring a dedicated turn lane, two convenient access points, and ample parking (10 spaces per 1000 sqft). Built in 1974 and renovated in 2010, this Class C center comprises two single-story buildings with five suites, offering a minimum divisible space of 1,100 square feet. The property benefits from prominent pylon signage and is strategically located near the intersection of Stockbridge Rd and Walt Stephens Rd (Hwy 138), providing easy access to Hwy 54 (Jonesboro Rd) and US 41. Spivey Plaza enjoys a thriving commercial environment, neighboring established businesses such as Cakd by Tae Bakery, Greedy Man's Barbeque, Lucky's Grocery Store, and Janetta's House of Nursing Wound Care & IV Hydration. Its proximity to Lee Park, City Center, Hartsfield-Jackson International Airport (10 miles), and Downtown Atlanta (15 miles) further enhances its appeal. The property is zoned CB and has an APN of 12-017B-00A-003. Currently, one suite is built out as a dance studio. This location offers a blend of small-town charm and convenient access to major transportation routes and urban amenities. The property is served by electric power

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1974
Total area 7,395 SF
Lot 1 ac (43,560 SF)
Zoning code C
APN 12-017B- A-003
UPID US22-1431895
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
  • Dale Self Storage Facility Storage Facility
  • Cakd by Tae Bakery Specialty Food Shop
  • Ms.Sweet's Bakery Bakery Specialty Food Shop
  • Jithoer Facility Storage Facility
  • Lucky Grocery Specialty Food Shop Supermarket
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.13M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.21M
Blend (final) Blend
$1.11M
Owner & transaction history
Spivey Plaza LLC · 4 yrs held
Spivey Plaza LLC
since 2021
Last sale
$1.0M
4 recorded transactions
2021
$1.0M
2018
Price N/A
2018
Price N/A
1969
Price N/A
Zoning & alternative use
C · Jonesboro, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $1.1M +1.9%
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