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    309 Sycamore St Decatur, GA 30030

    View on Map
    Sponsored
    For Lease
    $10,000 /Mo ($5 SF/Yr)

    COMMERCIAL - Decatur, GA

    Type:Office
    Property size:
    5,180 SF
    Lot size:
    0.50 Acres
    Days on Market:
    37
    Last Refresh:
    Mar 14 at 8:06 am

    Property Features for 309 Sycamore St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    Security features
    Security Lighting
    Zoning
    c2
    APN
    15 246 02 040
    Parking
    24
    Parking features
    Parking Lot
    Interior features
    Reception Area, Restrooms
    Size
    5,180 SF
    Lot size
    0.50 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    2022
    Floors in Building
    3
    Flooring type
    Carpet
    Building materials
    Block

    We can help!

    Listing Contact
    Darren Comer

    Keller Knapp Inc (678) 358-4321

    Listing agent Darren Comer (678) 613-5519

    Listing date Feb 5, 2026

    MLS# 7673343

    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

    Downtown Decatur Office Space Available

    Located in the heart of Downtown Decatur, the Sycamore Building offers office spaces for rent. The entire first floor, around 5,180 square feet, is available, and the owners may fit it out to suit tenant needs. A variety of office suites are also available. All suites include access to a lobby, reception area, conference room, and digital access control. The lease includes all utilities, expenses, and enterprise-grade high-speed internet. The historic nature of this landmark building has been preserved through multiple renovations, delivering a unique and character-filled space. The location is close to coffee shops, dining, pubs, shopping, concerts, festivals, and craft beer and cocktail establishments. It is convenient to the Dekalb County Courthouse, Decatur City Hall, and Decatur & Avondale MARTA rail stations, offering an easy commute by train, bus, bike, or car. The area has a highly educated workforce, with over 500,000 college-educated individuals within a 30-minute commute. There is a robust pipeline for talent, with 82,000 students within a 20-minute commute of Downtown Decatur attending universities like Emory, Agnes Scott, Georgia Tech, and Georgia State. The area is becoming a nexus for health and human services, with the nearby Task Force for Global Health, Emory School of Nursing, Centers for Disease Control, and Emory University Hospital. Other major employers include DeKalb County Government, Decatur Board of Education, and Agnes Scott College. The local city government supports businesses with short and long-term investment strategies. Decatur is a pedestrian and cyclist-friendly city with people-oriented infrastructure and bike lanes. Nearby amenities include gyms and fitness centers, grocery stores, gas stations and auto repair shops, pharmacies, hotels, and banks.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Law Office of Ann ... Law Firm Highhouse Corporation Law Firm Edward Gilgor, LLC Law Firm Lubell & Rosen, LLC Law Firm Uchitel W Jason Law Firm

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Law Firm Dental Office Hair Salon Nail Salon Building Supply Daycare Center 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
    -84.292395
    Latitude
    33.774321

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    FAQs

    What type of property is this?
    Office units - Office suites in the heart of Downtown Decatur for rent.
    Where is this office units located?
    The property is located at 309 Sycamore St Decatur, GA.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: - Prime Downtown Decatur location: Close to dining, shopping, entertainment, and public transportation.; - Suites include access to lobby, reception area, conference room, and digital access control.; - Lease includes all utilities, expenses, and enterprise-grade high-speed internet.
    (678) 613-5519
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    Decatur, GA 30030
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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.

    More about this property
    309 Sycamore St Decatur, GA 30030
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    We can help!
    Listing Contact
    Darren Comer
    (678) 613-5519 (404) 370-0092 (678) 358-4321
    Learn more
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