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    Prime Commercial Opportunity on Covington Highway Title is generated by Realmo AI

    5907 Covington Highway, Decatur, GA 30035

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    Claim this Listing
    For Sale
    $1,650,000

    Mixed Use - Decatur, GA

    Type:Mixed Use
    Property size:
    1,546 SF
    Lot size:
    2.50 Acres
    Price / SF:
    $1,067/SF
    Added:
    Apr 14, 2026
    Days on Market:
    32
    Last Refresh:
    May 15 at 8:06 pm

    Property Features for 5907 Covington Highway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Interior features
    Other
    Standard status
    Active
    Size
    1,546 SF
    Lot size
    2.50 Acres

    Utilities

    Heating system
    Other (Heating)
    Cooling system
    Ceiling Fan(s), Central Air

    Building Details

    Year built
    1965
    Flooring type
    Carpet
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Lori Cummings
    Lori Cummings

    Listing agent Lori Cummings

    Listing office Peachtree City Office 300 Clover Reach, Suite 312, Peachtree City, GA

    Listing date Apr 14, 2026

    MLS# 7656898 Listing URL

    Copyright © 2026 Berkshire Hathaway HomeServices Georgia Properties. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime commercial location on 2.5 acres at the corner of Covington Hwy and Spangle Way.
    • Enjoy high visibility with over 550 feet of road frontage on Covington Highway.
    • Suitable for various commercial uses: nursery/gardening, restaurants, retail, industrial, or automotive.
    • Includes existing office, storage buildings, and greenhouses with an irrigation system.
    • Mostly fenced with entrance/exit gates, ample parking, and private access lane.
    • Conveniently located near I‑20 and 285, just 4 miles outside the perimeter.

    Overview

    This commercial property, situated on 2.5 acres at the corner of Covington Highway and Spangle Way, offers a prime location with high visibility. The property features over 550 feet of road frontage on Covington Highway, a highly trafficked thoroughfare. The existing home on the property, approximately 1546 square feet, can be utilized for either residential or office space. The site is well-suited for a nursery or gardening establishment, equipped with an office, storage buildings, and several greenhouses with an irrigation system. The property's layout and location also make it suitable for a variety of other commercial uses, including restaurants, retail, industrial, or automotive businesses. The site is mostly fenced, providing security with entrance and exit gates, and offers ample parking for employees, customers, or clients. A private access lane off Covington Highway, located just outside the gates, provides additional parking or a safe entry point to the property. The location is conveniently near I-20 and 285, situated just 4 miles outside the perimeter in Decatur, GA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    DeKalb
    State
    Georgia
    Longitude
    -84.176042
    Latitude
    33.723687

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      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?
    Mixed-use property - 2.5 acres with high visibility and road frontage.
    Where is this mixed-use property located?
    The property is located at 5907 Covington Highway Decatur, GA.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: Prime commercial location on 2.5 acres at the corner of Covington Hwy and Spangle Way.; Enjoy high visibility with over 550 feet of road frontage on Covington Highway.; Suitable for various commercial uses: nursery/gardening, restaurants, retail, industrial, or automotive.
    (404) 569-0160
    We can help!
    Listing Contact
    Lori Cummings
    Lori Cummings
    Learn More
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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.

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