Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    1544 Tara Rd Jonesboro, GA 30238-6509

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1544 Tara Rd Jonesboro, GA 30238-6509

    View on Map
    • Strip malls
    • 17,075 SF
    • 2.58 lot acres
    Off-Market
    Property ID
    US22-1353977
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,785,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by 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

    Property Details for 1544 Tara Rd

    Year built
    2005
    Lot size
    2.58 lot acres
    Property size
    17,075 SF
    Zone code
    MX
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    06-095A- A-127
    APU
    06095AA127

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,813,000
      Market price range: $945k - $3.46M

    • 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

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Jonesboro
    County
    Clayton
    State
    Georgia
    Longitude
    -84.3414
    Latitude
    33.473
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $17,290
    $89,920
    $353,280
    $443,200
    -
    $224,800
    $883,200
    $1,108,000

    Comparable in this City

    • Value Estimation
      $1,170,000
      9,600 SF

      1489 Mundys Ml Rd

      SHOPPING CENTER, STRIP CENTER • 9,600 SF
      1489 Mundys Ml Rd, Jonesboro, GA 30238-6025
      View Details
    • Value Estimation
      $765,000
      4,941 SF

      615 Pointe S Pkwy

      SHOPPING CENTER, STRIP CENTER • 4,941 SF
      615 Pointe S Pkwy, Jonesboro, GA 30238-4343
      View Details
    • Value Estimation
      $1,445,000
      9,600 SF

      8560 Hwy 85

      SHOPPING CENTER, STRIP CENTER • 9,600 SF
      8560 Hwy 85, Jonesboro, GA 30238-4300
      View Details
    • Value Estimation
      $3,050,000
      61,080 SF

      1950 Hwy 85

      SHOPPING CENTER, STRIP CENTER • 61,080 SF
      1950 Hwy 85, Jonesboro, GA 30238-5653
      View Details
    • Value Estimation
      $935,000
      8,228 SF

      569 Hwy 138th W

      SHOPPING CENTER, STRIP CENTER • 8,228 SF
      569 Hwy 138th W, Jonesboro, GA 30238-2247
      View Details
    • Value Estimation by Request
      5,883 SF

      180 Hwy 138th W

      SHOPPING CENTER, STRIP CENTER • 5,883 SF
      180 Hwy 138th W, Jonesboro, GA 30238-2170
      View Details

    Similar Nearby for Sale

    • $330,000
      2.67 Acres

      Jonesboro Commercial Land

      2.67 Acres, Hwy 19/41 Frontage
      0 Tara Blvd, Jonesboro, GA 30238
      View Details
    • Contact for pricing
      0.29 Acres

      Residential Land in Established Neighborhood

      Land in Jonesboro, GA, suitable for building or investment.
      8043 Sparrow Ct, Jonesboro, GA 30238
      View Details
    • $44,500
      0.40 Acres

      Residential Lot in Jonesboro

      Level lot suitable for building a dream home, no HOA.
      755 Dunaire Way, Jonesboro, GA 30238
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      E And Simpson Rd, Jonesboro, GA 30238
      View Details
    • $265,000

      Jonesboro Duplex: Investment Opportunity

      Well-maintained duplex in Jonesboro with long-term tenants and recent updates.
      8102 Magnolia Dr, Jonesboro, GA 30238
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      Hwy 54 & Simpson Rd, Jonesboro, GA 30238
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1544 Tara Rd
    Jonesboro, GA 30238-6509
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!