Multi-Tenant Storefront
For Sale
$725,750
4113 Flat Shoals Parkway, Decatur, GA 30034
Commercial Sale, Decatur, GA
Property Size4,118 SF
Lot Size1.26 Acres
Price / SF$176.24
Days on Market78
Property Features for 4113 Flat Shoals Parkway
General Information
Property type
Commercial Sale
Property subtype
Retail
Parking features
Parking Lot
Accessibility
Accessible Approach with Ramp
Lot features
Level
Directions
GPS friendly
Standard status
Active
APN
15 090 01 019
Size
4,118 SF
Lot size
1.26 Acres
Taxes and HOA fees
Tax Year
25
Tax Annual Amount
3424
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1958
Flooring type
Concrete, Hardwood
Building materials
Brick
Roof type
Composition
Listing Agency:
HomeSmart
(404) 876-4901
Listed By:
Maryann Agard-Moore
(678) 849-1156
Added: Jun 25
Changed: Aug 19
Last Checked: Sep 10 at 6:06AM
MLS# 10793324
Copyright © 2026 Georgia Multiple Listing Service. 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 4,118-square-foot storefront property occupies 1.26 acres and is fully leased to multiple occupants. Current uses include a barbershop, bar/lounge venue, and recreation space. The 1958 building features brick construction, concrete and hardwood flooring, central heating, central air, a composition roof, and an on-site parking lot.
The property sits along Flat Shoals Parkway in Decatur, with access to public water and public sewer. It is located minutes from the I-20/I-285 junction and includes an accessible approach with ramp. Water is available at the property.
The property sits along Flat Shoals Parkway in Decatur, with access to public water and public sewer. It is located minutes from the I-20/I-285 junction and includes an accessible approach with ramp. Water is available at the property.
Key Highlights
- 4,118‑square‑foot building on 1.26 acres
- Fully leased multi‑tenant storefront property
- Occupancy includes a barbershop, bar/lounge venue, and recreation space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$66,178
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,323,560
$1.3M
Cap Rate 7%
$945,400
$945.4K
Cap Rate 9%
$735,311
$735.3K
Market Conditions
NOI Build-Up for 4,118 SF
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.
Gross rent
$94.9K $23.04/SF
− Vacancy
−$6.6K −$1.61/SF
EGI
$88.2K $21.43/SF
− OpEx
−$22.1K −$5.36/SF
NOI
$66.2K $16.07/SF
Area
DeKalb County, GA
Vacancy
7.00%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,323,560
Cap Rate 7%
$945,400
Cap Rate 9%
$735,311
Alternative Uses
Best Use
Specialty Retail
$945.4K
$827.2K – $1.10M
NOI $66,178 @ 7.0% cap · market cap 9.12%
Second Best
Retail
$827.4K
$724.0K – $965.4K
NOI $57,921 @ 7.0% cap · market cap 7.98%
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,580 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
331
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30034, GA
47,450
Population
20,553
Households
2.3
Avg Household Size
38
Median Age
29%
College-Educated
93%
High-School Grad
16.8 sq mi
ZIP Area
2,824
Density / Sq Mi
$60,551
Median Household Income
$39,134
Median Earnings
$1,427
Median Rent
$228,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Fully leased commercial building with barbershop, bar/lounge, and recreation tenants.
Where is this storefront property located?
The property is located at 4113 Flat Shoals Parkway Decatur, GA.
What is the asking price?
The asking price for this property is $725,750.
What are key features of this property?
This property features: 4,118‑square‑foot building on 1.26 acres; Fully leased multi‑tenant storefront property; Occupancy includes a barbershop, bar/lounge venue, and recreation space
