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    Property profile & analytics

    2809 Highway 138 Jonesboro, GA 30236

    • Investment properties
    • 3,484 SF
    • 5.96 lot acres
    For Sale
    View listing
    $2,800,000
    Value Estimation
    Location Intelligence
    Property ID
    US22-1645086
    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

    • Investment properties

    Property Details for 2809 Highway 138

    Year built
    1964
    Construction
    BRICK
    Lot size
    5.96 lot acres
    Property size
    3,484 SF
    Zone code
    MCD
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    12-054C- A-003
    APU
    12054CA003

    Description

    This exceptional 10.9-acre commercial property in Jonesboro, Georgia, presents a remarkable investment opportunity. Located at 2809 Hwy 138 SE, this versatile site encompasses three parcels (Parcel Numbers 12054C A003, 12043A A006, 12054C A004) and offers significant development potential. Currently featuring a 7-bedroom house used as a successful event center complete with an inground pool, the property's zoning (C-4) allows for a wide range of uses. The existing infrastructure provides a solid foundation for continued operation as an event venue, or redevelopment into medical facilities. The property's ample size and sewer availability also make it suitable for multifamily or mixed-use projects. Mature hardwoods enhance the aesthetic appeal, creating a picturesque setting. The asking price is $2,340,900. An additional 2 acres at 2803 Hwy 138 SE (separate listing) may also be available. This property represents a unique blend of existing income potential and future development possibilities, making it an attractive investment in a growing market. The two-story building sits on a level lot and presents a rare opportunity to acquire a substantial commercial property in Clayton County, Georgia, with a 30236 zip code.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $320,000

    • CAP approach

      CAP return
      Estimation
      6%
      $360,000
      6.5%
      $420,000
      7%
      $380,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $350,000
      Geo Method
      $465,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $450,000
      Retail
      $435,000
      Mixed-Use
      $365,000
      Hospitality
      $400,000
      Educational
      $345,000
      Residential Income
      $385,000
      Energy
      $400,000
      Income-Based Land
      $450,000
      Food Service
      $425,000

    Location Insight

    • Map
    • Local Demand
    City
    Jonesboro
    County
    Clayton
    State
    Georgia
    Longitude
    -84.3004
    Latitude
    33.5422
    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
    $3,870
    $108,160
    $1,040
    $109,200
    -
    $270,400
    $2,600
    $273,000

    Comparable in this City

    • Value Estimation by Request
      1,490 SF

      2367 Hwy 138th E

      OFFICE/RESIDENTIAL (MIXED USE) • 1,490 SF
      2367 Hwy 138th E, Jonesboro, GA 30236-2731
      View Details
    • Value Estimation by Request
      1,156 SF

      2379 Hwy 138th E

      OFFICE/RESIDENTIAL (MIXED USE) • 1,156 SF
      2379 Hwy 138th E, Jonesboro, GA 30236-2731
      View Details
    • Value Estimation by Request
      1,040 SF

      9651 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,040 SF
      9651 Main St, Jonesboro, GA 30236-6062
      View Details
    • Value Estimation by Request
      2,081 SF

      7886 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,081 SF
      7886 Main St, Jonesboro, GA 30236-2236
      View Details
    • Value Estimation by Request
      1,662 SF

      7981 Rand Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,662 SF
      7981 Rand Rd, Jonesboro, GA 30236-2747
      View Details
    • Value Estimation by Request
      1,865 SF

      305 Riv Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,865 SF
      305 Riv Rd, Jonesboro, GA 30236-1333
      View Details

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    2809 Highway 138
    Jonesboro, GA 30236
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    Realmo Value Estimation

    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.

    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.

    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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