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    Property profile & analytics

    7716 N Main St Jonesboro, GA 30236

    • Turn key restaurants
    • 7,671 SF
    • 1.25 lot acres
    For Sale
    View listing
    $899,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-4411563
    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

    • Furnace 41 / Bar
    • Royal 12 Expedite / Logistics Service

    Property Details for 7716 N Main St

    Year built
    1973
    Lot size
    1.25 lot acres
    Property size
    7,671 SF
    Zone code
    MX
    Property type
    Turn key restaurants
    APN
    13-207D- A-016
    APU
    13207DA016

    Description

    This exceptional 7,671 square foot commercial property, situated on a 1.25-acre lot at 7716 N Main Street in Jonesboro, GA, presents a unique investment opportunity. Completely updated between 2011 and 2017, the building is ideally suited for a diverse range of businesses. The interior features two spacious offices, one with a private full bathroom, providing a comfortable and functional workspace. Entertainment is a key feature, with three distinct stages, currently operating one to two nights a week, adding significant revenue potential. A professional recording studio, complete with a sound booth, caters to creative professionals. Security is a priority, with a comprehensive 14-camera security system and a secure safe. The property also includes four restrooms (two men's and two women's), a kitchen equipped with a grease trap, and an available liquor license for an annual fee of $5,000. Exterior amenities include ample lighting, a covered patio extending from the main bar area, and a fenced-in rear lot. A third stage is located downstairs, complemented by an upstairs balcony overlooking the performance area. The performance area also benefits from spray foam insulation, ensuring year-round energy efficiency and climate control. This turnkey property offers immediate operational capabilities and significant upside potential for a savvy investor. The combination of versatile space, existing infrastructure, and prime location makes this a truly rare find in the Jonesboro market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $295,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $477,000
      Market price range: $477k - $1.12M

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

    Location Insight

    • Map
    • Local Demand
    City
    Jonesboro
    County
    Clayton
    State
    Georgia
    Longitude
    -84.3663
    Latitude
    33.5441
    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
    $9,035
    $43,560
    $188,040
    $231,600
    -
    $108,900
    $470,100
    $579,000

    Comparable in this City

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      View Details
    • Value Estimation
      $315,000
      4,896 SF

      6785 Tara Blvd

      RESTAURANT • 4,896 SF
      6785 Tara Blvd, Jonesboro, GA 30236-1400
      View Details
    • Value Estimation
      $245,000
      3,530 SF

      6892 Tara Blvd

      RESTAURANT • 3,530 SF
      6892 Tara Blvd, Jonesboro, GA 30236-1502
      View Details
    • Value Estimation
      $265,000
      2,960 SF

      7157 Mt Zion Blvd

      RESTAURANT • 2,960 SF
      7157 Mt Zion Blvd, Jonesboro, GA 30236-2517
      View Details
    • Value Estimation
      $255,000
      2,189 SF

      164 Mcdonough St

      RESTAURANT • 2,189 SF
      164 Mcdonough St, Jonesboro, GA 30236-3683
      View Details
    • Value Estimation
      $435,000
      6,825 SF

      6703 Tara Blvd

      RESTAURANT • 6,825 SF
      6703 Tara Blvd, Jonesboro, GA 30236-1402
      View Details

    Similar Nearby for Sale

    • New
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      Versatile Commercial Property in Jonesboro

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      7716 N Main St, Jonesboro, GA 30236
      View Details
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    • $750 /Mo

      Jonesboro Commercial Space For Rent

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      View Details
    • Contact for pricing
      201,404 SF

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      View Details
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    Jonesboro, GA 30236
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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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