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

    240 Flint Riv Rd Jonesboro, GA 30238-4705

    • Garden apartment buildings
    • 200 SF
    • 13.12 lot acres
    OFF-MARKET
    Last Sale
    Dec 20, 2023
    $24,842,000
    Value Estimations
    $24,965,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-3926153
    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.

    Current Use by Public Records

    • Flint River Crossing / Apartment Complex / Apartment Building
    • Flint River Apartment Homes / Apartment Complex
    • The Fighting Fathers Initiative Inc. / Non-Profit Organization
    • Sassytudes Creations / Boutique
    • Tears2Dry / Consultant

    Property Details for 240 Flint Riv Rd

    Year built
    1973
    Lot size
    13.12 lot acres
    Property size
    200 SF
    Zone code
    RM
    Property type
    Garden apartment buildings
    APN
    05-244B- A-066
    APU
    05244BA066

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $28,385,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $27,920,000
      Market price range: $10.6M - $27.9M
      AI Estimate
      $18,848,000
      Market price range: $334k - $18.8M

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

    Location Insight

    • Map
    • Local Demand
    City
    Jonesboro
    County
    Clayton
    State
    Georgia
    Longitude
    -84.3832
    Latitude
    33.5168
    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
    $285,496
    $341,200
    $6,976,960
    $7,318,160
    -
    $853,000
    $17,442,400
    $18,295,400

    Comparable in this City

    • Value Estimation
      $31,445,000
      282 SF

      681 Flint Riv Rd

      GARDEN APT, COURT APT (5+ UNITS) • 282 SF
      681 Flint Riv Rd, Jonesboro, GA 30238-3415
      View Details
    • Value Estimation by Request
      324 SF

      377 Hwy 138th W

      GARDEN APT, COURT APT (5+ UNITS) • 324 SF
      377 Hwy 138th W, Jonesboro, GA 30238
      View Details
    • Value Estimation
      $16,885,000
      160 SF

      772 Pointe S Pkwy

      GARDEN APT, COURT APT (5+ UNITS) • 160 SF
      772 Pointe S Pkwy, Jonesboro, GA 30238-4325
      View Details
    • Value Estimation
      $15,035,000
      256 SF

      8720 Hwy 85

      GARDEN APT, COURT APT (5+ UNITS) • 256 SF
      8720 Hwy 85, Jonesboro, GA 30238
      View Details
    • Value Estimation
      $5,705,000
      116 SF

      790 Dixon Rd

      GARDEN APT, COURT APT (5+ UNITS) • 116 SF
      790 Dixon Rd, Jonesboro, GA 30238-3166
      View Details
    • Value Estimation
      $2,730,000
      24,496 SF

      125 Hwy 138th W

      BOARDING/ROOMING HOUSE • 24,496 SF
      125 Hwy 138th W, Jonesboro, GA 30238
      View Details

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    • $903,750
      12.05 Acres

      Jonesboro Land: 12 Acres Hwy 54

      Prime Fayette County development land. Residential zoning, highway frontage.
      0 And Simpson Rd, Jonesboro, GA 30238
      View Details
    • $887,250
      11.83 Acres

      Prime Jonesboro Land - 11.83 Acres

      11.83-acre tract, Hwy 54 frontage, residential zoning.
      0 Hwy 54 & Simpson Rd, Jonesboro, GA 30238
      View Details
    • $1,025,000
      13.66 Acres

      Hwy 54 E Prime Development Land

      13.66 Acres, Residential Zoning, $1,025,000
      54 E & Hewell Rd, Jonesboro, GA 30238
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    • $329,000
      3.20 Acres

      Jonesboro Land: Hwy 54 E & Hewell Rd

      3.2-Acre Commercial/Residential Land Parcel
      54 And Hewell Rd, Jonesboro, GA 30238
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      6,063 SF

      Jonesboro Retail Space Available

      Two retail spaces, 950-5113 sq ft
      295 Flint River Rd, Jonesboro, GA 30238
      View Details
    • $15 SF/Yr
      19,073 SF

      Jonesboro Retail Center - Tara Point

      High-traffic Jonesboro retail space, 19,073 sq ft.
      1544 Tara Rd, Jonesboro, GA 30238
      View Details
    • $12 SF/Yr
      19,073 SF

      Tara Point Shopping Center

      Jonesboro Retail Space - High Traffic Area
      1544 Tara Rd, Jonesboro, GA 30238
      View Details
    • $1,000 /Mo
      5,000 SF

      Jonesboro Commercial Space Available

      1,000 sq ft commercial space in prime Jonesboro location.
      455 Highway 138 W, Jonesboro, GA 30238
      View Details
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    240 Flint Riv Rd
    Jonesboro, GA 30238-4705
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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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