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    Decatur Commercial Property For Sale Title is generated by Realmo AI

    2978 Rainbow Drive, Decatur, GA 30034

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    Picture of Retail space at 2978 Rainbow Drive, Decatur, GA
    For Sale
    $850,000

    COMMERCIAL - Decatur, GA

    Property size:
    5,300 SF
    Lot size:
    0.80 Acres
    Price / SF:
    $160/SF
    Added:
    Nov 26, 2025
    Days on Market:
    172
    Last Refresh:
    May 17 at 10:06 pm

    Property Features for 2978 Rainbow Drive

    General Information

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

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    14060

    Utilities

    Utilities
    Water Available
    Heating system
    Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1979
    Floors in Building
    1
    Flooring type
    Tile - Ceramic
    Building materials
    Brick 3 Sides
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Jaber Obeid

    Listing agent Jaber Obeid

    Listing office Method Real Estate Advisors 1792 Woodstock Rd Bld100, Atlanta, GA

    Listing date Nov 26, 2025

    MLS# 7686381

    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

    • Fully leased with three established tenants (barbershop, hair salon, tire shop) providing immediate and stable cash flow.
    • Prime 5,300 sqft commercial property on 0.8 acres in a desirable, high‑growth location south of Druid Hills.
    • Excellent road frontage and ample parking ensuring high visibility and accessibility.
    • Turnkey asset requiring no immediate renovations or tenant acquisition efforts.
    • Close proximity to major corridors, facilitating easy access for customers and deliveries.
    • Solid construction with brick exterior and asphalt roof.

    Overview

    This commercial property, located just south of Druid Hills in Decatur, GA, offers a great investment opportunity. The property has a size of 5,300 square feet and sits on 0.8 acres. It features three fully leased units, providing immediate and stable cash flow. The tenants include a barbershop, a hair salon, and a tire shop, ensuring diverse and steady foot traffic and strong visibility. The property benefits from excellent road frontage, ample parking, and close proximity to major corridors. The zoning is C-1. This property is positioned for continued appreciation and long-term income. It is suitable for investors seeking a turnkey asset in a high-growth area.

    Financial Insights

    Value Estimation Calculated for Retail

    Conservative
    $828.3K
    NOI $74,547 @ 9.00% cap · cautious / downside scenario
    Moderate
    $1.06M
    NOI $74,547 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.49M
    NOI $74,547 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Retail

    Component $ $/SF
    Gross rent $116.4k $21.96
    − Vacancy −$9.9k −$1.87
    EGI $106.5k $20.09
    − OpEx −$31.9k −$6.03
    NOI $74.5k $14.07
    5,300 SF · lease $21.96/SF/yr · vacancy 8.50% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Retail
    $1.06M
    $931.8K – $1.24M (±1% cap)
    NOI $74,547 @ 7.0% cap · market cap 8.77%
    Second Best
    Industrial
    $461.2K
    $403.6K – $538.1K (±1% cap)
    NOI $32,287 @ 7.0% cap · market cap 3.80%
    Theoretical Best
    Office A
    $1.48M
    $1.30M – $1.73M (±1% cap)
    NOI $103,709 @ 7.0% cap · market cap 12.20%
    Zoning and permitted uses should be independently verified with local authorities.
    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 ... Hair Salon

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon 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
    -84.267972
    Latitude
    33.710106

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    FAQs

    What type of property is this?
    Retail space - Fully leased commercial property with diverse tenants in Decatur, GA.
    Where is this retail space located?
    The property is located at 2978 Rainbow Drive 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 with three established tenants (barbershop, hair salon, tire shop) providing immediate and stable cash flow.; Prime 5,300 sqft commercial property on 0.8 acres in a desirable, high‑growth location south of Druid Hills.; Excellent road frontage and ample parking ensuring high visibility and accessibility.
    (404) 585-7355
    We can help!
    Listing Contact
    Jaber Obeid
    Learn More
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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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