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    Decatur Commercial Property For Sale

    2978 Rainbow Drive Decatur, GA 30034

    Picture of Retail space at 2978 Rainbow Drive, Decatur, GA
    2978 Rainbow Drive, Decatur, GA, 30034
    $850,000
    For Sale
    Claim this Listing
    $850,000

    COMMERCIAL - Decatur, GA

    Property Size5,300 SF
    Lot Size0.80 Acres
    Price / SF$160.38
    AddedNov 26, 2025
    Days on Market232
    Last RefreshJul 16 at 7:06 am

    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

    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.

    Investment Insights

    Based on property information with market context.

    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.

    Key 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.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    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.

    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 Uses

    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 Analytics

    Property Profile 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

    Building Supply Real Estate Agency Law Firm Kitchen & Bath Showroom HVAC Service Garden Center Gym & Fitness Center Electrical Service Furniture & Home Goods Storage Facility

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

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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.
    Contact an agent
    (404) 585-7355
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    Jaber Obeid
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