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    191 Jonesboro Rd McDonough, GA 30253

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    191 Jonesboro Rd McDonough, GA 30253

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    • Strip malls
    • 7,200 SF
    • 0.65 lot acres
    For Lease
    $1,750/Mo
    View Listing →
    Retail/Office Suites For Lease For Lease
    $1,750/Mo
    8,160 SF

    Retail/Office Suites For Lease

    Retail and office suites available in McDonough, GA.

    191 Jonesboro Road, Mcdonough, GA 30253
    View Listing
    Property ID
    US22-4743688
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Faithful Guardian Training Center - South Metro / Training Center
    • All Cuts Eight Dollars N Up / Barber Shop
    • Leslie's / (Bike/Boat/Book/etc) Store / Hardware & Home Improvement
    • Tdk Home Decor / Department Store

    Property Details for 191 Jonesboro Rd

    Year built
    1996
    Construction
    WOOD
    Lot size
    0.65 lot acres
    Property size
    7,200 SF
    Zone code
    C1
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    092-01029001
    APU
    9201029001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $762,000
      Market price range: $763k - $1.54M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,025,000
      Current use
      OFFICE BUILDING
      $1,155,000
      Change: +13% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Mcdonough
    County
    Henry
    State
    Georgia
    Longitude
    -84.1632
    Latitude
    33.4506
    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
    $9,958
    $79,400
    $165,200
    $244,600
    -
    $198,500
    $413,000
    $611,500

    Comparable in this City

    • Value Estimation
      $2,330,000
      22,750 SF

      5904 Lk Pkwy, Unit 5960

      SHOPPING CENTER, STRIP CENTER • 22,750 SF
      5904 Lk Pkwy, Mcdonough, GA 30253-4802
      View Details
    • Value Estimation
      $4,615,000
      43,831 SF

      105 Willow Ln

      SHOPPING CENTER, STRIP CENTER • 43,831 SF
      105 Willow Ln, Mcdonough, GA 30253-6574
      View Details
    • Value Estimation
      $635,000
      6,020 SF

      3302 Jodeco Rd, Unit 3312

      SHOPPING CENTER, STRIP CENTER • 6,020 SF
      3302 Jodeco Rd, Mcdonough, GA 30253-5318
      View Details
    • Value Estimation
      $1,555,000
      15,125 SF

      1078 Jonesboro Rd, Unit 1100

      SHOPPING CENTER, STRIP CENTER • 15,125 SF
      1078 Jonesboro Rd, Mcdonough, GA 30253-6046
      View Details
    • Value Estimation
      $1,045,000
      10,147 SF

      5870 Lk Pkwy, Unit 5890

      SHOPPING CENTER, STRIP CENTER • 10,147 SF
      5870 Lk Pkwy, Mcdonough, GA 30253-4808
      View Details
    • Value Estimation
      $1,175,000
      12,000 SF

      1305 Mcdonough Pkwy, Unit 1395

      SHOPPING CENTER, STRIP CENTER • 12,000 SF
      1305 Mcdonough Pkwy, Mcdonough, GA 30253-7072
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,500 SF

      Retail Space in McDonough Development

      2,500 SF retail space in new McDonough development.
      Jonesboro Rd, McDonough, GA 30253
      View Details
    • Contact for pricing

      Retail End Cap in McDonough

      1,800 SF retail space in new McDonough development.
      1180 Jonesboro Rd, McDonough, GA 30253
      View Details
    • $470,000
      Pending

      Prime McDonough Square Commercial Property

      1920 SF commercial property in McDonough Square.
      48 Griffin St, McDonough, GA 30253
      View Details
    • Contact for pricing
      6,000 SF

      New Retail Building with Tenants

      Newly constructed retail building with long-term tenants in high-traffic location.
      1887 Jonesboro Rd, McDonough, GA 30253
      View Details
    • $1,800,000
      3,591 SF

      Prime Commercial Property on Highway

      High-visibility commercial property in McDonough's growing business district.
      865 Hwy, McDonough, GA 30253
      View Details
    • $981,649
      2.01 Acres

      Prime Commercial Land Opportunity

      2.01 acre commercial land in a high-growth corridor.
      Mcdonough Pkwy, McDonough, GA 30253
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Kohl's Pad Site For Lease

      Outparcel available for ground lease adjacent to major retailers.
      1570 Highway 20 W, McDonough, GA 30253
      View Details
    • Contact for pricing

      Retail Center Near I-75

      Retail spaces available in McDonough Marketplace near major traffic routes.
      135 Willow Ln, McDonough, GA 30253
      View Details
    • Contact for pricing

      Retail Center in McDonough, GA

      Retail center with high visibility and strong tenant mix.
      1971 Jonesboro Rd, McDonough, GA 30253
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in McDonough, Georgia.
      72 City Square Blvd, McDonough, GA 30253
      View Details
    • Contact for pricing

      Retail Space Near I-75

      Retail space for lease anchored by Publix in McDonough, GA.
      2142 Highway 20 W, McDonough, GA 30253
      View Details
    View Listing
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    191 Jonesboro Rd
    McDonough, GA 30253
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    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
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