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Property profile & analytics
OFF-MARKET Estimated value $655,000
Strip malls

8660 Tara Blvd Jonesboro, GA 30236-3409

5,596 SF 0.5 ac lot Built 1988
Entity Owned 18-yr Hold ~ Est. High Equity
Property ID
US22-1386496
Property summary
AI-generated overview

This exceptional investment opportunity presents a +/- 5,600 square foot metal office building situated on a half-acre lot in Jonesboro, Georgia. The property boasts approximately 119 feet of frontage on Tara Boulevard (Highway 19/41), a major thoroughfare with an estimated daily traffic count of approximately 54,000 vehicles. Currently vacant, this single-story building offers two suites and is ideally suited for a variety of commercial uses. The property is zoned C-2 Highway Commercial, providing flexibility for diverse business ventures. All utilities are readily available. A lighted pylon sign enhances visibility and accessibility. Constructed in 1988, this building is priced at $765,000, representing a compelling value at $136.61 per square foot. The property's location in Clayton County, with its convenient access to major roadways, makes it an attractive proposition for businesses seeking high visibility and strong traffic flow. The APN is 13-0242D-00B-006. This is a rare opportunity to acquire a well-located, vacant commercial building in a thriving area.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1988
Total area 5,596 SF
Lot 0.5 ac (21,780 SF)
Zoning code C
APN 13-242D- B-006
UPID US22-1386496
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$620k
CAP Approach CAP
by Request
Comparable Approach Comparable
$692k
Blend (final) Blend
$655k
Owner & transaction history
Lumsden Properties LLC · 18 yrs held
Lumsden Properties LLC
since 2007
Last sale
$669,825
1 recorded transaction
2007
Price N/A
Zoning & alternative use
C · Jonesboro, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $835,000 +1.9%
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