Sign Up Successful!
You now have access to more from Realmo!
    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

    2924 Lavista Rd Decatur, GA 30033

    Sponsored
    For Sale
    $375,000

    LAND - Decatur, GA

    Lot size:
    0.82 Acres
    Days on Market:
    19
    Last Refresh:
    Feb 2 at 8:06 pm

    Property Features for 2924 Lavista Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Vegetation
    Partially Wooded
    Zoning
    R100
    Lot size
    0.82 Acres

    We can help!

    Listing Contact
    RAEGAN THORP REAL ESTATE GROUP

    Bolst, Inc. (404) 482-2293

    Listing agent RAEGAN THORP REAL ESTATE GROUP (404) 734-1173

    Listing date Jan 15, 2026

    MLS# 7704684 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

    Decatur Land in Oak Grove

    Located in the Edgar Rowe Estate Neighborhood of Decatur, this 0.82-acre lot presents an opportunity to build a custom home. The property is situated within the Oak Grove Elementary School District. Frazier-Rowe Park, featuring walking trails, gardens, a playground, a covered pavilion, and picnic tables, is located nearby. Several dining options, including Sprig Restaurant, Fellini's Pizza, Napoleon's, and The Grove, are within walking distance. Shopping is available at Vista Grove Plaza, which is located just minutes away. Downtown Atlanta and Hartsfield-Jackson International Airport are a short drive from the property. The zoning is R100.
    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
    -84.287739
    Latitude
    33.825203

    Nearby Similar for Sale

    • New
      $1,299,000
      7,193 SF

      Versatile Commercial Building in Decatur

      Freestanding building on Columbia Drive, suitable for various businesses.
      1272 Columbia Dr, Decatur, GA 30126
      View Details
    • New
      $1,299,000
      7,133 SF

      Decatur Commercial Building with Redevelopment Potential

      Freestanding commercial building in Decatur, suitable for various businesses.
      1272 Columbia Dr, Decatur, GA 30032
      View Details
    • $1,250,000
      0.43 Acres

      Decatur Multifamily Investment Opportunity

      Fully occupied 6-unit apartment building near downtown Decatur.
      606 Coventry Rd, Decatur, GA 30030
      View Details
    • $1,250,000
      0.43 Acres

      Decatur Multifamily Investment Opportunity

      Fully occupied 6-unit apartment building in Decatur, Georgia.
      606 Coventry Rd, Decatur, GA 30030
      View Details
    • $249,800
      0.26 Acres

      Renovated Home in Meadowdale Neighborhood

      Turnkey Decatur home with modern upgrades and strong rental potential.
      1733 Hollyhock Ter, Decatur, GA 30032
      View Details
    • $249,800
      0.26 Acres

      Renovated Home in Meadowdale Neighborhood

      Beautifully renovated home in Decatur's Belvedere Park. Move-in ready.
      1733 Hollyhock Ter, Decatur, GA 30032
      View Details
    • $249,800
      0.32 Acres

      Renovated Home in Meadowdale Neighborhood

      Turnkey, renovated home with modern finishes and strong rental potential.
      3531 Tulip Dr, Decatur, GA 30032
      View Details
    • $249,800
      0.32 Acres

      Renovated Home in Meadowdale Neighborhood

      High-end, renovated home with modern finishes and strong rental potential.
      3531 Tulip Dr, Decatur, GA 30032
      View Details
    • $495,000
      0.38 Acres

      Renovated Duplex in Prime Location

      Turnkey duplex near Decatur Square, ideal for investors.
      1485 Janmar Dr, Decatur, GA 30032
      View Details
    • $699,500
      0.33 Acres

      Decatur Duplex: Investment Opportunity

      Well-maintained duplex in Decatur with immediate income potential.
      732 S Candler St, Decatur, GA 30030
      View Details
    • New
      $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
    • New
      $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

    FAQs

    What type of property is this?
    Residential land & home lot - 0.82-acre lot near dining, shopping, and Frazier-Rowe Park.
    Where is this residential land & home lot located?
    The property is located at 2924 Lavista Rd Decatur, GA.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: - Large 0.82-acre lot in the desirable Edgar Rowe Estate neighborhood, offering ample space for a custom home, pool, and large yard.; - Located in the highly-rated Oak Grove Elementary School District.; - Direct access to Frazier-Rowe Park with walking trails, gardens, playground, pavilion, and picnic tables.
    (404) 734-1173
    Request Owner's contact information
    2924 Lavista Rd Decatur, GA 30033
    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.
    2924 Lavista Rd
    Decatur, GA 30033
    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
    2924 Lavista Rd Decatur, GA 30033
    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
    RAEGAN THORP REAL ESTATE GROUP
    (404) 734-1173
    Learn more
    Google sign-in failed. Please try again or use another login method.