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Property profile & analytics
OFF-MARKET Estimated value $685,000
Day care centers

2721 Hwy 138th E Jonesboro, GA 30236-2745

8,400 SF 1.79 ac lot Built 1990
Individually Owned 2-yr Hold ~ Est. High Equity
Property ID
US22-3620436
Property summary
AI-generated overview

This exceptional commercial property, located at 2721 Highway 138 E in Jonesboro, Georgia, presents a unique investment opportunity. The property encompasses a substantial 19,870 square feet of space distributed across six separate buildings situated on a generous 2.62-acre lot. Its prime location in the desirable Lake Spivey area makes it exceptionally well-suited for a variety of uses, particularly a private or charter school or a large daycare center. The existing buildings offer ample room for classrooms, administrative offices, and other necessary facilities. The property also includes an added amenity: an inground swimming pool. While some minor cosmetic improvements are recommended, the property is largely ready for immediate occupancy and operation. The asking price for this expansive commercial property is $2,400,000. Given its size, location, and potential, this property represents a significant opportunity for a discerning investor seeking a substantial return. The ample acreage provides ample parking and potential for future expansion. Serious inquiries are encouraged to explore this exceptional commercial real estate offering. The property's current condition is sound, requiring only minor upgrades to achieve optimal functionality. This is a rare opportunity to acquire a large-scale commercial property in a highly sought-after location.

Property profile
Verified
Property type Day care centers
Use group DAY CARE, PRE-SCHOOL
Year built 1990
Total area 8,400 SF
Lot 1.79 ac (77,798 SF)
Zoning code MCD
APN 12-043A- A-005
UPID US22-3620436
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$685k
Owner & transaction history
Incrediblebank · 2 yrs held
Incrediblebank
since 2023
Last sale
$45,000
6 recorded transactions
2023
$45,000
2020
Price N/A
2020
$2.7M
2008
$2.6M
2006
$100,000
1969
Price N/A
Zoning & alternative use
MCD · Jonesboro, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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