Retail Building with Dual
For Sale
$1,100,000
1026 Sycamore Drive, Decatur, GA 30030
Commercial Sale, Decatur, GA
Property Size3,831 SF
Lot Size0.50 Acres
Price / SF$287.13
Days on Market503
Property Features for 1026 Sycamore Drive
General Information
Property type
Commercial Sale
Property subtype
Retail
Parking
20
Parking features
Parking Lot
Lot features
Level, Near Public Transit
Directions
See google or apple maps
Standard status
Active
APN
18 049 05 002
Size
3,831 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
23
Tax Annual Amount
13696
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas, Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1947
Flooring type
Tile, Concrete
Building materials
Concrete, Stucco
Roof type
Composition
Listing Agency:
Compass
(404) 668-6621
Listed By:
Jason Wieloch · License #337362
(404) 518-1368
Added: Apr 9, 2025
Changed: Aug 19
Last Checked: Aug 24 at 1:06PM
MLS# 10720586
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 3,831-square-foot retail property occupies 0.5 acres and dates to 1947. Concrete and stucco construction is paired with tile and concrete flooring, central heating and cooling, a composition roof, and a paved parking lot. Public water and sewer serve the property, with cable available.
The building is positioned across from Emory Decatur Hospital in Decatur, Georgia, and provides ingress and egress from Sycamore Drive as well as Church Street at the rear. Its more than 40 years of owner occupancy and established commercial setting are documented property characteristics. The source information identifies potential applications including healthcare, retail, restaurant, banking, and automotive services.
The building is positioned across from Emory Decatur Hospital in Decatur, Georgia, and provides ingress and egress from Sycamore Drive as well as Church Street at the rear. Its more than 40 years of owner occupancy and established commercial setting are documented property characteristics. The source information identifies potential applications including healthcare, retail, restaurant, banking, and automotive services.
Key Highlights
- 3,831 SF retail property on 0.5 acres
- Ingress and egress from Sycamore Drive and Church Street
- Across from Emory Decatur Hospital
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
$53,884
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
4.90%
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%
$1,077,680
$1.1M
Cap Rate 7%
$769,771
$769.8K
Cap Rate 9%
$598,711
$598.7K
Market Conditions
NOI Build-Up for 3,831 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
$84.1K $21.96/SF
− Vacancy
−$7.2K −$1.87/SF
EGI
$77.0K $20.09/SF
− OpEx
−$23.1K −$6.03/SF
NOI
$53.9K $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%
$1,077,680
Cap Rate 7%
$769,771
Cap Rate 9%
$598,711
Alternative Uses
Best Use
Retail
$769.8K
$673.6K – $898.1K
NOI $53,884 @ 7.0% cap · market cap 4.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.07M
$937.1K – $1.25M
NOI $74,964 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,414
Businesses Nearby
Explore this area
Business Placement
Demographics for 30030, GA
32,364
Population
14,672
Households
2.2
Avg Household Size
39
Median Age
77%
College-Educated
96%
High-School Grad
6.7 sq mi
ZIP Area
4,830
Density / Sq Mi
$127,318
Median Household Income
$81,712
Median Earnings
$1,683
Median Rent
$598,400
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 - Concrete-and-stucco retail property with public utilities, parking, and access from two streets.
Where is this retail space located?
The property is located at 1026 Sycamore Drive Decatur, GA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 3,831 SF retail property on 0.5 acres; Ingress and egress from Sycamore Drive and Church Street; Across from Emory Decatur Hospital
