Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7823 Spivey Station Blvd Jonesboro, GA 30236

    • Medical offices
    • 19,580 SF
    • 3.20 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1212148
    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

    • Stock Lynn M / Physical Therapist
    • Arslanian Plastic Surgery: Dr. Brian Arslanian / Plastic Surgeon
    • Laureate Medical Group / Medical Clinic / Doctor
    • Orthopaedic Solutions / Orthopedic Surgeon
    • Alan J. Gottlieb, M.D. / Doctor / Rheumatologist

    Property Details for 7823 Spivey Station Blvd

    Year built
    2007
    Lot size
    3.20 lot acres
    Property size
    19,580 SF
    Zone code
    MCD
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    12-044B- A-004
    APU
    12044BA004

    Description

    Spivey Station Physicians Center, a three-story Class A medical office building totaling 55,927 square feet, offers multiple tenancy opportunities in Jonesboro, Georgia. Located at 7823 Spivey Station Blvd, this 2007-built facility provides convenient access to Highway 138, I-75, and I-675, ensuring excellent accessibility for both patients and staff. Currently, 9,027 square feet of space is available, with individual suites ranging from a minimum of 1,993 square feet to a maximum contiguous space of 4,034 square feet. The building's strategic location in the South Atlanta submarket of Clayton County (zip code 30236) within the Spivey Station development offers a synergistic environment for healthcare professionals, with proximity to an ambulatory surgery center and imaging services. This presents a unique opportunity for medical practices seeking modern, flexible space to enhance their operations. The building's design allows for both first-generation, fully customizable spaces and second-generation clinical spaces, catering to a variety of needs. This prime location and the building's amenities create an ideal setting for a thriving medical practice.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,730,000
      6.5%
      $4,370,000
      7%
      $4,055,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,800,000
      Market price range: $1.64M - $3.80M
      AI Estimate
      $2,718,000
      Market price range: $455k - $2.72M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $2,500,000
      Current use
      AUTO REPAIR, GARAGE
      $5,155,000
      Change: +106% Conversion: Difficult
      OFFICE BUILDING
      $2,925,000
      Change: +17% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $2,870,000
      Change: +15% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,715,000
      Change: +9% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Jonesboro
    County
    Clayton
    State
    Georgia
    Longitude
    -84.3042
    Latitude
    33.5404
    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
    $176,568
    $111,520
    $4,414,480
    $4,526,000
    -
    $278,800
    $11,036,200
    $11,315,000

    Comparable in this City

    • Value Estimation
      $8,705,000
      49,500 SF

      7813 Spivey Sta Blvd

      MEDICAL BUILDING • 49,500 SF
      7813 Spivey Sta Blvd, Jonesboro, GA 30236-2900
      View Details
    • Value Estimation by Request
      2,610 SF

      157 Main St

      MEDICAL BUILDING • 2,610 SF
      157 Main St, Jonesboro, GA 30236-3597
      View Details
    • Value Estimation
      $3,670,000
      7,368 SF

      1595 Stockbridge Rd

      MEDICAL BUILDING • 7,368 SF
      1595 Stockbridge Rd, Jonesboro, GA 30236-3742
      View Details
    • Value Estimation
      $6,475,000
      65,623 SF

      2450 Mt Zion Pkwy

      MEDICAL BUILDING • 65,623 SF
      2450 Mt Zion Pkwy, Jonesboro, GA 30236-2577
      View Details
    • Value Estimation
      $5,070,000
      7,800 SF

      8060 Smt Business Pkwy

      MEDICAL BUILDING • 7,800 SF
      8060 Smt Business Pkwy, Jonesboro, GA 30236-4232
      View Details
    • Value Estimation by Request
      6,161 SF

      118 Stockbridge Rd

      MEDICAL BUILDING • 6,161 SF
      118 Stockbridge Rd, Jonesboro, GA 30236-3627
      View Details

    Similar Nearby for Sale

    • $1,100,000
      6,000 SF

      King Street Medical Office Building

      Jonesboro, GA: Prime Medical Office for Sale
      129 King St, Jonesboro, GA 30236
      View Details
    • $124,990
      1.01 Acres

      Medical Lot Ready For Development

      1.01-acre corner lot with existing Medical/Professional Office Zoning.
      Highway 138, Jonesboro, GA 30236
      View Details
    • $284,000
      1,764 SF

      Jonesboro Commercial Property For Sale

      Two-story, move-in ready commercial building in the heart of Jonesboro.
      23 Lee St, Jonesboro, GA 30236
      View Details
    • $4,732,500
      31,106 SF

      Jonesboro Commercial Portfolio For Sale

      Three-building commercial portfolio on 2.96 acres in Jonesboro, GA.
      213 Arrowhead Blvd, Jonesboro, GA 30236
      View Details
    • $200,000
      1,134 SF

      Commercial Property on Jonesboro Road

      Commercial property suitable for various businesses on Highway 54.
      268 Jonesboro Rd, Jonesboro, GA 30236
      View Details
    • $765,000
      5,600 SF

      Jonesboro Office Building - $765K

      Prime location, high traffic, vacant office.
      8660 Tara Blvd, Jonesboro, GA 30236
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      55,927 SF

      Jonesboro Medical Office Space

      Class A medical suites, South Atlanta.
      7823 Spivey Station Blvd, Jonesboro, GA 30236
      View Details
    • $1,460 /Mo
      3,816 SF

      Downtown Jonesboro Commercial Space Available

      Prime commercial lease in high-traffic Jonesboro location, ideal for offices.
      157 N Main St, Jonesboro, GA 30236
      View Details
    • $750 /Mo

      Jonesboro Commercial Space For Rent

      Commercial space in downtown Jonesboro, near City Hall and Post Office.
      274 N Main St, Jonesboro, GA 30236
      View Details
    • $2,000 /Mo
      1,764 SF

      Jonesboro Commercial Office Space Available

      Office space in the heart of Jonesboro, ready for business.
      23 Lee St, Jonesboro, GA 30236
      View Details
    • Contact for pricing
      28,944 SF

      Industrial Space with High Ceilings

      28,944 SF industrial space featuring 36' clear height.
      1412 Battlecreek Rd, Jonesboro, GA 30236
      View Details
    • Contact for pricing

      Tara Blvd Land for Lease

      1.06 acres of commercial land available for lease.
      6278 Tara Blvd, Jonesboro, GA 30236
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7823 Spivey Station Blvd
    Jonesboro, GA 30236
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.