Property profile

2809 Hwy 138th E Jonesboro, GA 30236

OFF-MARKET
Other investment properties
Property ID
US22-1645086
3,484 SF 5.96 ac lot Built 1964
Individually Owned 14-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Located in Jonesboro, GA, this mixed-use commercial property consists of three separate lots totaling approximately 11 acres, with about 200 feet of highway frontage near I-75. The site is zoned for General Business, with permitted or compatible uses that may include retail, restaurants, multifamily dwellings, offices, hotels, fitness centers, and car washes, as well as opportunities for future or planned urban development, and it includes medical zoning for healthcare uses such as senior or assisted living facilities. The property has supported event-venue operations and allows for additional recreational and short-term rental uses (including a mini golf course). Infrastructure includes sewer installed on portions of the land, and the overall parcel configuration can support further subdivision for separate commercial and residential parcels. A traditional residence on-site includes seven bedrooms and six bathrooms, supported by a basement apartment, and features an in-ground pool and magnolia trees. The listing references approximately 5,484 square feet of building space.

Property profile

Verified
Property type Other investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1964
Construction BRICK
Total area 3,484 SF
Lot 5.96 ac (259,792 SF)
Zoning code MCD
APN 12-054C- A-003
UPID US22-1645086

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2809 Hwy 138th E Jonesboro, GA 30236-2801
Jonesboro metro Census 40615 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$650k
Comparable Approach Comparable
$465k
Blend (final) Blend
$320k

Owner & transaction history

since 2012
3 recorded transactions
2012
Price N/A
2010
Price N/A
1969
Price N/A

Zoning & alternative use

MCD · Jonesboro, GA
Top alternative use upside
Auto repair, garage $915,000 +89.9%
Office building $520,000 +7.8%
Neighborhood: shopping center $510,000 +5.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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