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    1924 Clairmont Rd Decatur, GA 30033

    For Sale
    $1,500,000

    Multi-tenant office building, fully leased, high ROI potential.

    Property size:
    8,561 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional investment opportunity presents the St. Michael's Center, a two-story, multi-tenant office building situated at 1924 Clairmont Road in Decatur, Georgia. Spanning 7,558 square feet on a 0.7-acre lot, this property boasts 21 fully leased executive office spaces, ensuring immediate cash flow. Currently generating $111,180 in annual income, the building enjoys 100% occupancy with long-term tenants. A September 2024 appraisal valued the market lease at $151,160 annually, indicating significant upside potential. All existing leases are set to expire in 2025, providing the new owner with flexibility to either continue leasing or occupy the space entirely. Given the strong tenant base and many long-term leases, renewal is highly likely, making this a secure investment. The building is zoned O/I and is offered at a price slightly below its recent appraised value, presenting a compelling opportunity for investors seeking a stable, high-return asset in the desirable Decatur submarket. This is a rare chance to acquire a well-established property that has been under the same ownership for 50 years. The property includes a terrace level, adding to its overall appeal and functionality.

    Property Features for 1924 Clairmont Rd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    8,561 SF
    Lot Size
    30,492 SF

    Building Details

    Year Built
    1950
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Praxis Counseling Marriage Or Relationship Counselor Grazia Therapeutic Services Medical Clinic You Are Worthy, ... Counselor St. Michael's Center Non-Profit Organization Ruby Blow, LPC Counselor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Dekalb - GA
    State
    Georgia
    Longitude
    -84.30918
    Latitude
    33.81093

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    FAQs

    What type of property is this?
    Office Property / Space - Multi-tenant office building, fully leased, high ROI potential.
    Where is this office property / space located?
    The property is located at 1924 Clairmont Rd Decatur, GA.
    What is the asking price?
    The asking price for this property is $1,500,000.
    (404) 564-5560
    Request Owner's contact information
    1924 Clairmont Rd Decatur, GA 30033
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    Decatur, GA 30033
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    Realmo Value Estimation

    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.

    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.

    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
    1924 Clairmont Rd Decatur, GA 30033
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