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Property profile & analytics
OFF-MARKET
Estimated value
$1,785,000
Strip malls
1544 Tara Rd Jonesboro, GA 30238-6509
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1353977
Property summary
AI-generated overview
This exceptional commercial property, located at 1544 Tara Rd, Suite B, Jonesboro, GA 30238, presents a significant retail opportunity. The 19,073 square foot building sits on a 2.58-acre lot in Clayton County, offering a single-tenant occupancy. Boasting a prime location with an average annual daily traffic (AADT) count of 47,000 vehicles, this well-maintained property enjoys easy access to Highway 75 and public transportation. The property includes 100 free surface parking spaces, ensuring ample customer convenience. The surrounding area benefits from a strong demographic profile, with Clayton County boasting a population of 101,243 and a household annual income of $55,000. The versatile space is ideal for a variety of uses, including but not limited to nail/hair salons, restaurants, or insurance/business offices. A minimum 36-month lease is required. While 1150 square feet is currently available for lease, the entire 19,073 square foot building is also available. The property is situated in the heart of Jonesboro, Georgia, offering excellent visibility and accessibility.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2005
Total area
17,075 SF
Lot
2.58 ac (112,385 SF)
Zoning code
MX
APN
06-095A- A-127
UPID
US22-1353977
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
-
Lin's Garden 林家园 Restaurant
-
Las Lupitas Restaurant
-
Rack Em Up Grill & Chill Restaurant
-
Puff Palace (Bike/Boat/Book/etc) Store
-
Spicy Hill Restaurant Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.81M
Blend (final)
Blend
$1.79M
Owner & transaction history
1544 Tara Point LLC · 6 yrs held
1544 Tara Point LLC
since 2019
6 recorded transactions
Zoning & alternative use
MX · Jonesboro, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.4M
+0.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Jonesboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jonesboro submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,350,000
Current use
OFFICE BUILDING
$2,370,000
Change: +1% · Conversion: Moderate
RETAIL STORES
$2,185,000
Change: -7% · Conversion: Easy
MEDICAL BUILDING
$2,180,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$1.79M
Range $1.61M – $1.96M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$105 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$17,290
Tax year 2024
Assessed value
$443,200
Assessed 2024
Previous assessed
$443,200
+0.0% YoY
Effective rate
3.90%
On assessed value
Assessed land
$89,920
Assessed improvement
$353,280
Land market value
$224,800
Improvement market value
$883,200
Total market value
$1,108,000
Applied tax rate
8.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2005
Heating
NONE
Total area
17,075 SF
Lot
2.58 ac (112,385 SF)
Zoning code
MX
APN
06-095A- A-127
UPID
US22-1353977
Jurisdiction
CLAYTON
Zoning & alternative use
MX · Jonesboro, GA
Zoning MX · permitted uses
MX · Jonesboro, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jonesboro. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.4M
RETAIL STORES
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$2.2M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Heating
NONE
Lot
2.58 ac
Current owner
From public records · entity-resolved
1544 Tara Point LLC
Entity
Mailing address
1846 BAY RDG AVE, BROOKLYN, NY 11204-5072
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2019
$1,250,000
1544 Tara Point LLC
Mai & Truong Properties INC
Grant Deed
$400,000 · Heritage Bk
Mar 6, 2019
—
Mai & Truong Properties INC
—
Deed
related
—
Jun 12, 2017
—
Mai & Truong Properties INC
—
Deed
related
—
—
—
Mai & Truong Properties INC
—
Loan Modification
related
—
—
—
Mai & Truong Properties INC
—
Loan Modification
related
$1,475,000 · Heritage Bk
—
—
Mai & Truong Properties INC
—
Loan Modification
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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