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Property profile & analytics
OFF-MARKET Estimated value $545,000
Investment properties

2803 Hwy 138th E Jonesboro, GA 30236-2801

3,516 SF 2.3 ac lot Built 1982
Individually Owned 5-yr Hold ~ Est. High Equity
Property ID
US22-1346609
Property summary
AI-generated overview

This exceptional 2.3-acre commercial property in Jonesboro, GA, presents a unique investment opportunity. The 6,400 square foot property boasts a well-maintained home and inviting pool, adding to its versatility. Its prime location and C-4 zoning unlock a wide range of possibilities. Envision a thriving assisted living facility, catering to the area's growing senior population, or a modern medical office complex meeting the increasing demand for healthcare services. The expansive, level lot is also perfectly suited for a mixed-use development, seamlessly blending residential, retail, and office spaces. The existing structures provide a solid foundation for immediate use or potential renovation, while the ample land allows for significant expansion. This property offers unparalleled flexibility and high potential for return on investment. The property's address is 2803 Hwy 138, Jonesboro, GA. Prospective buyers are advised to independently verify zoning regulations with the local authorities and explore potential rezoning options with the city planning department to fully understand the development possibilities. The asking price is $1,200,000.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1982
Construction BRICK
Total area 3,516 SF
Lot 2.3 ac (100,232 SF)
Zoning code MCD
APN 12-043A- A-010
UPID US22-1346609
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
$520k
CAP Approach CAP
$655k
Comparable Approach Comparable
$740k
Blend (final) Blend
$545k
Owner & transaction history
Elizabeth Warford Kenie · 5 yrs held
Elizabeth Warford Kenie
since 2021
Last sale
$499,900
7 recorded transactions
2021
Price N/A
2021
$499,900
2021
Price N/A
2019
$400,000
2017
Price N/A
2017
Price N/A
2017
Price N/A
Zoning & alternative use
MCD · Jonesboro, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $525,000 +7.8%
Neighborhood: shopping center $515,000 +5.7%
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