8180 Tara BlvdJonesboro, GA 30236

Property Details for 8180 Tara Blvd

Year built

1984

Lot size

0.56 AC

Property size (Sq ft)

6,600 SF

Zone code

C

Property type

Retail properties

Property subtype

Retail space

APN

13-239B- C-011

APU

13239BC011

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,234,036

  6.5%

  $1,139,110

  7%

  $1,057,745

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,244,238

  Geo Method

  $3,244,238

• Alternative Use

  Use

  Valuation

  Residential

  $960,882

  Hospitality

  $880,163

  Educational

  $732,285

  Medical

  $757,470

  Retail

  $1,139,110

Location Insight

City

Jonesboro

County

Clayton

State

Georgia

Latitude

33.5304

Longitude

-84.363

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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