Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    206 Mead Rd Decatur, GA 30030

    View on Map
    Sponsored
    For Sale
    $650,000

    LAND - Decatur, GA

    Type:Single Family Residence
    Lot size:
    0.18 Acres
    Days on Market:
    27
    Last Refresh:
    Mar 9 at 10:06 pm

    Property Features for 206 Mead Rd

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Property condition
    Under Construction
    Standard status
    Active
    Vegetation
    Cleared
    Zoning
    R3
    Rooms
    Laundry Room, Basement, Family Room
    APN
    15 213 01 006
    Lot size
    0.18 Acres

    Utilities

    Utilities
    Cable Available

    Building Details

    Year built
    2025
    Floors in Building
    3

    We can help!

    Listing Contact
    CHAD CARTER
    CHAD CARTER

    Keller Williams Realty Metro Atlanta (404) 564-5560

    Listing agent CHAD CARTER (404) 944-6577

    Listing date Feb 10, 2026

    MLS# 7622262 Listing URL

    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

    Oakhurst Land Opportunity

    This residential land offers a rare opportunity in the Oakhurst neighborhood of Decatur, Georgia. The 0.18-acre lot is located within walking distance of schools, parks, restaurants, and shopping. The property allows for the construction of a custom home. The location is in a sought-after area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    DeKalb
    State
    Georgia
    Longitude
    -84.304836
    Latitude
    33.763343

    Nearby Similar for Sale

    • New
      $450,000
      1,160 SF

      Decatur Office/Residential Opportunity

      Upgraded property near downtown Decatur, suitable for office or residential.
      1387 Church St, Decatur, GA 30030
      View Details
    • $750,000
      1,646 SF

      Decatur Office Building For Sale

      Office property in a dynamic commercial corridor near Downtown Decatur.
      1393 Church St, Decatur, GA 30030
      View Details
    • $750,000
      1,646 SF

      Decatur Office Building For Sale

      Office property in a dynamic commercial corridor with long-term value.
      1393 Church St, Decatur, GA 30030
      View Details
    • $1,650,000
      1,546 SF

      Prime Commercial Opportunity in Decatur

      2.5 acres with high visibility and road frontage.
      5907 Covington Hwy, Decatur, GA 30035
      View Details
    • New
      $700,000
      10,308 SF

      Decatur Commercial Property with Business

      Commercial property with established auto repair business and U-Haul dealership.
      5344 Covington Hwy, Decatur, GA 30035
      View Details
    • New
      $1,499,000
      1,600 SF

      Restored Sinclair Gas Station

      Iconic, renovated gas station in Oakhurst, Decatur. Versatile commercial space.
      715 East Lake Dr, Decatur, GA 30030
      View Details
    • $1,299,000
      7,300 SF

      Decatur Commercial Building on Columbia

      Freestanding commercial building with redevelopment and investment potential.
      1272 Columbia Dr, Decatur, GA 30126
      View Details
    • $1,299,000
      7,133 SF

      Decatur Commercial Building with Grant

      Freestanding commercial building in Decatur, suitable for various businesses.
      1272 Columbia Dr, Decatur, GA 30032
      View Details
    • $290,000
      1,350 SF

      Decatur Office Condo For Sale

      Professional office condo in Decatur, ready for immediate occupancy.
      4298 Memorial Dr, Decatur, GA 30032
      View Details
    • $550,000
      0.42 Acres

      Decatur Commercial Property on Clairmont

      Commercial property in Decatur, GA, with high traffic exposure.
      1799 Clairmont Rd, Decatur, GA 30033
      View Details
    • New
      $500,000
      1.97 Acres

      Decatur Land For Sale

      1.97 acre land parcel in Decatur, Georgia.
      2551 Panola Rd, Decatur, GA 30035
      View Details
    • New
      $775,000
      0.36 Acres

      Decatur Duplex on Oversized Lot

      Income-producing duplex near Downtown Decatur with desirable amenities.
      827 Pinetree Dr, Decatur, GA 30030
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land in a desirable Decatur neighborhood.
    Where is this residential land & home lot located?
    The property is located at 206 Mead Rd Decatur, GA.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - Prime real estate in the highly desirable Oakhurst neighborhood.; - Opportunity to build a custom dream home with complete creative freedom.; - Walking distance to top-rated schools.
    (404) 944-6577
    Request Owner's contact information
    206 Mead Rd Decatur, GA 30030
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    206 Mead Rd
    Decatur, GA 30030
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    206 Mead Rd Decatur, GA 30030
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    CHAD CARTER
    CHAD CARTER
    Real Estate License ID: 333557
    (404) 944-6577 (404) 564-5560 (404) 897-5558
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!