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    Property profile & analytics

    6324 Old Dixie Hwy Jonesboro, GA 30297

    • Retail space
    • 4,006 SF
    • 0.56 lot acres
    For Sale
    View listing
    $975,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1923244
    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

    • Velox® Insurance / Insurance Agency

    Property Details for 6324 Old Dixie Hwy

    Year built
    1974
    Lot size
    0.56 lot acres
    Property size
    4,006 SF
    Zone code
    ODHTL
    Property type
    Retail space
    APN
    13-142B- C-019
    APU
    13142BC019

    Description

    This exceptional 5,400 square foot free-standing commercial building, situated on a 0.55-acre lot at 6324 Old Dixie Hwy, presents a compelling investment or tenancy opportunity. Built in 1987, this single-story structure features two suites, with a total of 25 parking spaces. Currently, the entire 5,400 square feet is vacant and available for lease. The minimum leasable space is 1,400 square feet, with a maximum contiguous space of 4,000 square feet. The property boasts excellent visibility due to its prime location within the planned expansion of the Old Dixie Corridor, offering significant road frontage. Its zoning is ODHTL, and the APN is 13142B C019. Power is supplied by Georgia Power. The building is ideally suited for a variety of businesses, including but not limited to financial and professional services such as check cashing, title loans, insurance agencies, bail bonds, hair and nail salons, and barber shops. This property offers a unique blend of accessibility, ample parking, and high visibility, making it an attractive option for businesses seeking a prominent location. The cross street is Tara Blvd. This is a rare opportunity to secure a well-located, versatile commercial space in a rapidly developing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $548,000
      Market price range: $241k - $773k
      AI Estimate
      $427,000
      Market price range: $177k - $632k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $515,000
      Current use
      OFFICE BUILDING
      $600,000
      Change: +16% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $585,000
      Change: +14% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $555,000
      Change: +7% Conversion: Easy
      MEDICAL BUILDING
      $510,000
      Change: -1% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Jonesboro
    County
    Clayton
    State
    Georgia
    Longitude
    -84.376
    Latitude
    33.5826
    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
    $6,632
    $29,160
    $133,240
    $162,400
    -
    $72,900
    $333,100
    $406,000

    Comparable in this City

    • Value Estimation by Request
      84,711 SF

      10375 Us Hwy

      Individual retail properties • 84,711 SF
      10375 Us Hwy, Jonesboro, GA 30236
      View Details
    • Value Estimation by Request
      700 SF

      131 Main St

      RETAIL STORES (PERSONAL SERVICES) • 700 SF
      131 Main St, Jonesboro, GA 30236-3527
      View Details
    • Value Estimation
      $780,000
      6,500 SF

      6799 Tara Blvd

      RETAIL STORES (PERSONAL SERVICES) • 6,500 SF
      6799 Tara Blvd, Jonesboro, GA 30236-1400
      View Details
    • Value Estimation by Request
      6,250 SF

      7404 Tara Blvd

      RETAIL STORES (PERSONAL SERVICES) • 6,250 SF
      7404 Tara Blvd, Jonesboro, GA 30236-1906
      View Details
    • Value Estimation
      $1,165,000
      2,548 SF

      255 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,548 SF
      255 Main St, Jonesboro, GA 30236-4942
      View Details
    • Value Estimation by Request
      1,705 SF

      9650 Tara Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,705 SF
      9650 Tara Blvd, Jonesboro, GA 30236-6057
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      View Details
    • $15 SF/Yr
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      Jonesboro Retail Space - Kroger Frontage

      High-traffic retail space, 4,227 sq ft available.
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      View Details
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    6324 Old Dixie Hwy
    Jonesboro, GA 30297
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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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