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    2978 Rainbow Dr Decatur, GA 30034

    Picture of Strip malls at Rainbow Dr 2978, Decatur, GA
    For Sale
    $850,000

    Business - Decatur, GA

    Type:Business
    Property size:
    5,300 SF
    Lot size:
    0.80 Acres
    Days on Market:
    14
    Last Refresh:
    Dec 13 at 10:06 pm

    Property Features for 2978 Rainbow Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    Zoning
    C-1
    APN
    15 121 02 008
    Parking
    8
    Parking features
    Parking Lot
    Size
    5,300 SF
    Lot size
    0.80 Acres

    Building Details

    Year built
    1979
    Floors in Building
    1
    Architectural style
    Other

    Georgia Associated Realty (404) 585-7355 [email protected]

    Listing agent Jaber Obeid (404) 476-8171

    Listing date Nov 30, 2025

    MLS# 7686381 Listing URL

    Copyright © 2025 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.

    Overview

    Fully Leased Commercial Property

    This commercial property, situated just south of Druid Hills, offers a total area of 5,300 square feet on a 0.8-acre lot. The property is zoned C-1 and features three fully leased units, providing immediate cash flow. Current tenants include a barbershop, a hair salon, and a tire shop, ensuring diverse and steady foot traffic. The property benefits from excellent road frontage and ample parking. It is located in close proximity to major corridors, positioning it for continued appreciation and long-term income. This property is located in Decatur, GA, with the postal code 30034, within Dekalb County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Fatima African Hair ... Hair Salon Edge of Extension Weave ... Hair Salon The Barbiee Box Beauty ... Beauty Salon

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    DeKalb
    State
    Georgia
    Longitude
    -84.267972
    Latitude
    33.710106

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    FAQs

    What type of property is this?
    Strip mall - 5,300 sqft commercial property with three fully leased units.
    Where is this strip mall located?
    The property is located at 2978 Rainbow Dr Decatur, GA.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - Fully leased property with immediate and stable cash flow.; - Prime commercial location south of Druid Hills in a high-growth area.; - Three diverse tenants: **barbershop, hair salon, and tire shop, ensuring steady foot traffic.**
    (404) 476-8171
    Request Owner's contact information
    2978 Rainbow Dr Decatur, GA 30034
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    Decatur, GA 30034
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    Realmo Value Estimation

    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.

    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.

    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
    2978 Rainbow Dr Decatur, GA 30034
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