Renovated Retail
For Sale
$499,999
4520 Glenwood Road, Decatur, GA 30032
Commercial Sale, Decatur, GA
Property Size3,053 SF
Lot Size0.38 Acres
Price / SF$163.77
Days on Market82
Property Features for 4520 Glenwood Road
General Information
Property type
Residential
Property subtype
Retail
Zoning
C1
Parking
15
Parking features
Parking Lot
Security features
Security Lighting
Window features
Insulated Windows
Interior features
Reception Area, Recessed Lighting, Restrooms
Lot features
Free Standing, Level
Directions
Please use GPS.
Standard status
Active
APN
15 189 07 019
Size
3,053 SF
Lot size
0.38 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
8166
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1981
Floors in Building
1
Flooring type
Laminate, Vinyl
Building materials
Block, Brick
Listing Agency:
Keller Williams Realty Atlanta Partners
(678) 775-2600
Listed By:
Shermine Khakiani · License #371080
(404) 455-3925
Added: Jun 15
Changed: Sep 3
Last Checked: Sep 4 at 1:06AM
MLS# 7788707
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 3,053-square-foot retail building has been renovated and includes a reception area, restrooms, recessed lighting, laminate and vinyl flooring, central heating, and central air conditioning. Block and brick construction provides the building shell, while the interior layout supports retail, grocery, restaurant, medical, urgent care, professional office, and specialty commercial operations identified for the property. The site encompasses 0.3815 acres and includes 15 parking spaces.
The property is zoned C1 and served by public water and public sewer, with cable available. Built in 1981, the building offers a straightforward commercial format with an existing parking lot and established interior improvements. A survey is available, and the property is located in Decatur, Georgia.
The property is zoned C1 and served by public water and public sewer, with cable available. Built in 1981, the building offers a straightforward commercial format with an existing parking lot and established interior improvements. A survey is available, and the property is located in Decatur, Georgia.
Key Highlights
- Renovated 3,053‑square‑foot retail building
- 0.3815‑acre site with 15 parking spaces
- C1 zoning supports the stated commercial use profile
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
$42,942
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
8.59%
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%
$858,840
$858.8K
Cap Rate 7%
$613,457
$613.5K
Cap Rate 9%
$477,133
$477.1K
Market Conditions
NOI Build-Up for 3,053 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
$67.0K $21.96/SF
− Vacancy
−$5.7K −$1.87/SF
EGI
$61.3K $20.09/SF
− OpEx
−$18.4K −$6.03/SF
NOI
$42.9K $14.07/SF
Area
DeKalb County, GA
Vacancy
8.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
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%
$858,840
Cap Rate 7%
$613,457
Cap Rate 9%
$477,133
Alternative Uses
Best Use
Specialty Retail
$700.9K
$613.3K – $817.7K
NOI $49,063 @ 7.0% cap · market cap 9.81%
Second Best
Retail
$613.5K
$536.8K – $715.7K
NOI $42,942 @ 7.0% cap · market cap 8.59%
Theoretical Best
Office A
$853.4K
$746.8K – $995.7K
NOI $59,740 @ 7.0% cap · market cap 11.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
307
Businesses Nearby
Explore this area
Business Placement
Demographics for 30032, GA
44,697
Population
20,676
Households
2.2
Avg Household Size
38
Median Age
30%
College-Educated
91%
High-School Grad
13.6 sq mi
ZIP Area
3,287
Density / Sq Mi
$61,292
Median Household Income
$37,443
Median Earnings
$1,364
Median Rent
$245,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - C1-zoned commercial building with flexible interior areas, central HVAC, public utilities, and an on-site parking lot.
Where is this retail space located?
The property is located at 4520 Glenwood Road Decatur, GA.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: Renovated 3,053‑square‑foot retail building; 0.3815‑acre site with 15 parking spaces; C1 zoning supports the stated commercial use profile
