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    Property profile & analytics

    559 Jonesboro Rd Mcdonough, GA 30253-3718

    • Super regional malls
    • 12,030 SF
    • 1.37 lot acres
    OFF-MARKET
    Last Sale
    Jul 26, 2024
    $2,022,000
    Value Estimations
    $2,105,000
    Show details
    Cap Rate Potential
    9.6%
    Super regional malls
    Location Intelligence
    Property ID
    US22-0102101
    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

    • Taylor Rice, Pharm / Pharmacy

    Property Details for 559 Jonesboro Rd

    Year built
    2004
    Construction
    STEEL FRAME
    Lot size
    1.37 lot acres
    Property size
    12,030 SF
    Zone code
    PD
    Property type
    Super regional malls
    APN
    091-01021004
    APU
    9101021004

    Description

    This exceptional 14,607 square foot shopping center, Magnolia Village, presents a lucrative investment opportunity in McDonough, Georgia's rapidly expanding market. Situated on a 1.37-acre lot, this strategically located property enjoys high visibility nestled amongst three busy shopping plazas and a residential area, ensuring a consistent flow of customers. Built in 2004, the center boasts a strong tenant roster with 100% occupancy and long-term leases, providing immediate cash flow. The current annual income totals $191,038, reflecting a compelling 8.4% Pro Forma cap rate. All leases are modified gross, simplifying management. Two tenants are poised to extend their leases for an additional three years, commencing June 2025, with a 6% annual rent increase. The property's recent upgrades include a newly resurfaced parking lot, showcasing meticulous maintenance. Beyond the existing income stream, additional revenue opportunities exist, including the potential for an ATM and an Amazon Hub. This turnkey investment offers a blend of stability and growth potential, making it an ideal acquisition for discerning investors seeking a high-performing commercial asset in a thriving location. The property's prime location and strong tenant base ensure a consistent and reliable income stream, making it a compelling addition to any investment portfolio.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,020,000
      ML approach
      $2,020,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,220,000
      6.5%
      $2,975,000
      7%
      $2,760,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,743,000
      Market price range: $1.27M - $2.58M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,710,000
      Current use
      RETAIL STORES
      $2,775,000
      Change: +62% Conversion: Easy
      COMMERCIAL (GENERAL)
      $2,745,000
      Change: +60% Conversion: Easy
      AUTO REPAIR, GARAGE
      $2,480,000
      Change: +45% Conversion: Difficult
      OFFICE BUILDING
      $1,930,000
      Change: +13% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Mcdonough
    County
    Henry
    State
    Georgia
    Longitude
    -84.176
    Latitude
    33.4577
    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
    $22,969
    $167,600
    $431,600
    $599,200
    -
    $419,000
    $1,079,000
    $1,498,000

    Comparable in this City

    • Value Estimation
      $525,000
      57,479 SF

      209 Southpoint Blvd

      REGIONAL SHOPPING CENTER, MALL • 57,479 SF
      209 Southpoint Blvd, Mcdonough, GA 30253-7342
      View Details
    • Value Estimation
      $675,000
      34,924 SF

      1580 Hwy 20th W

      REGIONAL SHOPPING CENTER, MALL • 34,924 SF
      1580 Hwy 20th W, Mcdonough, GA 30253-7307
      View Details
    • Value Estimation
      $660,000
      30,038 SF

      1855 Jonesboro Rd, Unit 1861

      REGIONAL SHOPPING CENTER, MALL • 30,038 SF
      1855 Jonesboro Rd, Mcdonough, GA 30253-5914
      View Details
    • Value Estimation
      $410,000
      9,176 SF

      1200 Mcdonough Pl, Unit 1500

      REGIONAL SHOPPING CENTER, MALL • 9,176 SF
      1200 Mcdonough Pl, Mcdonough, GA 30253-4025
      View Details
    • Value Estimation
      $435,000
      10,820 SF

      1407 Hwy 20th W

      REGIONAL SHOPPING CENTER, MALL • 10,820 SF
      1407 Hwy 20th W, Mcdonough, GA 30253-7306
      View Details
    • Value Estimation
      $550,000
      20,740 SF

      2240 Hwy 42nd N

      REGIONAL SHOPPING CENTER, MALL • 20,740 SF
      2240 Hwy 42nd N, Mcdonough, GA 30253-4734
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,500 SF

      Retail Space in McDonough Development

      2,500 SF retail space in new McDonough development.
      Jonesboro Rd, McDonough, GA 30253
      View Details
    • New
      $1,900,000
      3,591 SF

      Prime Commercial Property on Highway 20/81

      Former bank branch with high visibility and expansion potential.
      865 Hwy, McDonough, GA 30253
      View Details
    • $1,999,000
      Pending

      Versatile Commercial Property on 2 Acres

      High-visibility commercial property suitable for diverse uses and future development.
      2170 Jonesboro Rd, McDonough, GA 30253
      View Details
    • $1,285,000

      Prime McDonough Commercial Land

      12+ Acres, Hwy 155, I-75 Access
      1558 Ga-155, McDonough, GA 30253
      View Details
    • Contact for pricing
      2.78 Acres

      McDonough Commercial Land - 2.78 Acres

      Prime McDonough location, two pad-ready lots, C-3 zoning.
      1360 Zack Hinton Pkwy, McDonough, GA 30253
      View Details
    • $1,505,745
      10.00 Acres

      175 Griffin St

      Land • 10.00 Acres
      175 Griffin St, McDonough, GA 30253
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Kohl's Pad Site For Lease

      Outparcel available for ground lease adjacent to major retailers.
      1570 Highway 20 W, McDonough, GA 30253
      View Details
    • Contact for pricing
      34,508 SF

      McDonough Retail Center Investment

      High-traffic retail center, prime location.
      1971 Jonesboro Rd, McDonough, GA 30253
      View Details
    • $6 SF/Yr
      111,908 SF

      McDonough Big Box Retail Space

      High-visibility retail space, 28,666 SF available.
      1467 Ga-20, McDonough, GA 30253
      View Details
    • Contact for pricing
      72,420 SF

      Westridge Retail Center: Prime Space

      Henry County retail space; two suites available.
      2142 Highway 20, McDonough, GA 30253
      View Details
    • Contact for pricing
      13,150 SF

      McDonough Retail Center - City Square

      Prime McDonough retail space, multiple units available.
      72 City Square Blvd, McDonough, GA 30253
      View Details
    • Contact for pricing
      53,742 SF

      McDonough Marketplace Retail Center

      High-traffic retail spaces available in McDonough, GA.
      135 Willow Ln, McDonough, GA 30253
      View Details
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    559 Jonesboro Rd
    Mcdonough, GA 30253-3718
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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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