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

    2978 Rainbow Drive unit A B C Decatur, GA 30034

    View on Map
    Picture of Retail space at 2978 Rainbow Drive unit A B C, Decatur, GA
    For Sale
    $850,000

    COMMERCIAL - Decatur, GA

    Property size:
    5,300 SF
    Lot size:
    0.80 Acres
    Added:
    Nov 26, 2025
    Days on Market:
    125
    Last Refresh:
    Mar 31 at 3:06 pm

    Property Features for 2978 Rainbow Drive unit A B C

    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

    TaxYear
    2025
    TaxAnnualAmount
    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
    JC Vina

    Listing agent JC Vina

    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.

    Overview

    Decatur Commercial Property For Sale

    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.
    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

    Nearby Similar for Sale

    • $700,000
      10,308 SF

      Decatur Commercial Property with Business

      Commercial property with established auto repair business and U-Haul dealership.
      5344 Covington Highway, Decatur, GA 30035
      View Details
    • $725,000
      1,646 SF

      Decatur Office with High Visibility

      Office property in a dynamic, accessible Decatur commercial corridor.
      1393 Church Street, Decatur, GA 30030
      View Details
    • $725,000
      1,646 SF

      Decatur Office with High Visibility

      Office property in a thriving, transit-accessible market.
      1393 Church Street, Decatur, GA 30030
      View Details
    • $550,000
      2,561 SF

      Decatur Commercial Property Opportunity

      Commercial property ideal for daycare or other business operations.
      3732 Redan Road, Decatur, GA 30032
      View Details
    • $450,000
      1,160 SF

      Decatur Office/Residential Opportunity

      Upgraded property near downtown Decatur, suitable for office or residential.
      1387 Church Street, Decatur, GA 30030
      View Details
    • $1,650,000
      1,546 SF

      Prime Commercial Opportunity on Covington Highway

      Highly visible 2.5-acre commercial property with road frontage.
      5907 Covington Highway, Decatur, GA 30035
      View Details
    • $1,299,000
      7,133 SF

      Renovated Commercial Building in Decatur

      Freestanding, renovated commercial building with flexible space in Belvedere Park.
      1272 Columbia Drive, Decatur, GA 30032
      View Details
    • $1,299,000
      7,300 SF

      Decatur Commercial Building on Columbia

      Freestanding commercial building on Columbia Drive in Decatur, Georgia.
      1272 Columbia Drive, Decatur, GA 30032
      View Details
    • $775,000

      Decatur Duplex on Oversized Lot

      Income-producing duplex near Downtown Decatur with desirable amenities.
      827 Pinetree Drive, Decatur, GA 30030
      View Details
    • $750,000

      Tenant-Occupied Duplex: Instant Income Potential

      Decatur duplex with no HOA, rent restrictions, and top-rated schools.
      332 Lockwood Terrace, Decatur, GA 30030
      View Details
    • $750,000

      Tenant-Occupied Duplex in Decatur

      Duplex with instant income potential, no HOA, and rent restrictions.
      332 Lockwood Terrace, 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 Highway, Decatur, GA 30035
      View Details

    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 unit A B C 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
    JC Vina
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!