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    Decatur Office/Residential Opportunity Title is generated by Realmo AI

    1387 Church Street, Decatur, GA 30030

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    Claim this Listing
    For Sale
    $450,000

    SINGLE_FAMILY - Decatur, GA

    Type:Office
    Property size:
    1,160 SF
    Lot size:
    0.34 Acres
    Price / SF:
    $387/SF
    Added:
    Jan 8, 2026
    Days on Market:
    147
    Last Refresh:
    Jun 4 at 5:06 pm

    Property Features for 1387 Church Street

    General Information

    Property type
    Residential
    Property subtype
    Office
    Zoning
    OI
    Parking
    6
    Parking features
    Parking Lot
    Security features
    Security Lighting
    Window features
    Storm Window(s), Window Treatments, Insulated Windows
    Interior features
    Living Space Available, Reception Area, Restrooms
    Fencing
    Chain Link, Privacy
    Standard status
    Active
    APN
    18 049 05 048
    Size
    1,160 SF
    Lot size
    0.34 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    6400

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Central
    Cooling system
    Central Air, Electric, Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    1953
    Floors in Building
    1
    Flooring type
    Wood, Hardwood, Tile - Ceramic
    Building materials
    Brick, Brick 4 Sides
    Roof type
    Asphalt
    Additional Structures
    Outbuilding

    We can help!

    Listing Contact
    Kimberly Yates
    Kimberly Yates

    Listing agent Kimberly Yates

    Listing office Yates Estates 327 Dahlonega Street Suite 102b, Cumming, GA

    Listing date Jan 8, 2026

    MLS# 7703067

    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.

    HighLights

    • Extensive upgrades and improvements totaling nearly $100K since purchase, including new roof, windows, HVAC, and hot water heater.
    • Walking distance to Downtown Decatur.
    • Large parking pad in rear of home suitable for multiple vehicles, trailers, or boats.
    • Zoned OI (Office Institutional) but can be zoned residential, suitable for work‑from‑home or rental property.
    • Updated bathrooms and kitchen with hardwood flooring throughout.
    • Full brick exterior on a level lot with fenced backyard and cement patio.

    Overview

    This property, located within walking distance of downtown Decatur, has undergone nearly $100,000 in upgrades and improvements since its purchase. These include a new roof, windows, HVAC system, and hot water heater, along with updated bathrooms and kitchen. Hardwood flooring extends throughout the 1,160 square feet. The property is currently zoned OI but can be zoned residential, making it suitable for a small business looking for a work-from-home setup or as a rental property. It features two bedrooms and an extra bonus room, along with one full bathroom, an eat-in kitchen, and a separate dining room. The large, open family room includes a separate laundry room with a private entrance to the rear parking area. A large parking pad in the rear of the home can accommodate multiple cars, trailers, or boats. The property also includes a fenced backyard and a cement patio. The exterior is full brick and situated on a level 0.34-acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Peifer Psychology Physician Center for Inclusive Therapy ... Medical Clinic Tamora Callands Physician Dr. Janelle Peifer Physician The Learning Nook Childcare Daycare Center

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    DeKalb
    State
    Georgia
    Longitude
    -84.288585
    Latitude
    33.788105

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    FAQs

    What type of property is this?
    Office units - Upgraded property near downtown Decatur, suitable for office or residential.
    Where is this office units located?
    The property is located at 1387 Church Street Decatur, GA.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Extensive upgrades and improvements totaling nearly $100K since purchase, including **new roof, windows, HVAC, and hot water heater.**; Walking distance to Downtown Decatur.; **Large parking pad in rear of home suitable for multiple vehicles, trailers, or boats.**
    (877) 393-0024
    We can help!
    Listing Contact
    Kimberly Yates
    Kimberly Yates
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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.

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