Technical
Financial
Distress signals
Property profile

8180 Tara Blvd Jonesboro, GA 30236

OFF-MARKET
Retail space
Property ID
US22-3923599
6,600 SF 0.56 ac lot Built 1984
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

Exceptional investment opportunity in Jonesboro, Georgia, presents The Office Hub, a single-story, 6,600 square foot commercial building situated on a 0.65-acre lot. Built in 1984 and extensively renovated in 2023, this property boasts 69 individual rentable units, currently at 25% occupancy, offering significant upside potential. The building includes a mail center, two manager's offices, two restrooms, and additional storage/warehouse space. The property is zoned for commercial use and features a gross lease structure with 17 current tenants. Financial highlights include an asking price of $1,250,000, a current NOI of $55,000, and a pro-forma NOI of $250,000, representing a 4.40% current cap rate and a 20.00% pro-forma cap rate. The property is located at 8180 Tara Blvd, Jonesboro, GA 30236, in a high-demand area with a 2023 vehicle traffic count of 58,000 vehicles per day. The sale includes the building and land; any billboard present is excluded. The property is sold as-is. This is an ideal investment for those seeking a high-return opportunity in a thriving market. The price per unit is $17,391.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1984
Total area 6,600 SF
Lot 0.56 ac (24,394 SF)
Zoning code C
APN 13-239B- C-011
UPID US22-3923599

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Car Dealership
  • Car Dealership
  • Real Estate Agency

Location

8180 Tara Blvd Jonesboro, GA 30236-3175
Jonesboro metro Census 40634 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$560k
CAP Approach CAP
by Request
Comparable Approach Comparable
$736k
Blend (final) Blend
$550k

Owner & transaction history

since 2022
Last sale
$800,000
2 recorded transactions
2022
$800,000
2018
$775,000

Zoning & alternative use

C · Jonesboro, GA
Top alternative use upside
Office building $985,000 +15.7%
Neighborhood: shopping center $965,000 +13.5%
Commercial (general) $915,000 +7.4%

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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