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    1272 Columbia Dr Decatur, GA 30032

    View on Map
    Sponsored
    For Sale
    $1,299,000

    COMMERCIAL - Decatur, GA

    Property size:
    7,300 SF
    Lot size:
    1.27 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 20 at 5:06 pm

    Property Features for 1272 Columbia Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security Lighting
    Window features
    Wood Frames
    Zoning
    OI
    APN
    15 200 05 009
    Parking
    36
    Parking features
    Parking Lot
    Interior features
    Recessed Lighting, Restrooms
    Fencing
    Chain Link
    Size
    7,300 SF
    Lot size
    1.27 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Central
    Cooling system
    Central Air, Exhaust Fan (Cooling)
    Water source
    Public

    Building Details

    Year built
    1971
    Floors in Building
    1
    Flooring type
    Vinyl
    Building materials
    Brick 4 Sides
    Roof type
    Asbestos Shingle

    We can help!

    Listing Contact
    Torrence Ford

    Realtyka, LLC

    Listing agent Torrence Ford

    Listing date Mar 20, 2026

    MLS# 7693582

    Copyright © 2026 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Decatur Commercial Building on Columbia

    Located along Columbia Drive in Decatur, this freestanding commercial building was formerly a Bank of America branch. The property offers street visibility and on-site parking. The building's interior layout is flexible. Originally designed for financial services and later adapted for specialized commercial use as a funeral home, the property is suitable for professional offices, medical or dental practices, wellness or counseling centers, churches, non-profits, or community-focused organizations, subject to zoning and approvals. The structure offers infrastructure and the ability to reconfigure interior spaces. Convenient access to surrounding neighborhoods, major thoroughfares, and nearby amenities enhances long-term value and usability. The building is zoned as OI. The building has 7193 square feet and the total lot size is 55757 square feet, (1.28 acres). The building has 1 story and 36 parking spaces. The property sits in the Avondale Columbia Drive TAD Opportunity Zone. Grant funds may be available for interior or exterior build out. Companies may also receive funds per year per job if at minimum of 2 jobs are created to go against corporate tax or payroll liability. The building would be perfect for many businesses to consider, including a wedding venue.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Belvedere Park Cash ... Car Dealership PHS Electrical Heating ... Big Box & Wholesale Store Bank of America Financial ... Bank

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    DeKalb
    State
    Georgia
    Longitude
    -84.265354
    Latitude
    33.752577

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    FAQs

    What type of property is this?
    Wedding venue - Freestanding commercial building on Columbia Drive in Decatur, Georgia.
    Where is this wedding venue located?
    The property is located at 1272 Columbia Dr Decatur, GA.
    What is the asking price?
    The asking price for this property is $1,299,000.
    What are key features of this property?
    This property features: - $100k Grant Available for Interior/Exterior Build-out (Decide Dekalb Development Authority, Avondale Columbia Drive TAD Opportunity Zone).; - $3500 per year per job creation (minimum 2 jobs) to offset corporate tax or payroll liability.; - Freestanding former Bank of America branch with excellent street visibility and on-site parking (36 spaces).
    (678) 613-5211
    Request Owner's contact information
    1272 Columbia Dr Decatur, GA 30032
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    Decatur, GA 30032
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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
    1272 Columbia Dr Decatur, GA 30032
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    We can help!
    Listing Contact
    Torrence Ford
    Real Estate License ID: 289924
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