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    Decatur Office Building For Sale Title is generated by Realmo AI

    4635 Flat Shoals Pkwy, Decatur, GA

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    Decatur office building with strong demographics and investment growth potential.

    Type:OFFICE
    Property size:
    10,000 SF
    Lot size:
    1.28 Acres
    Price / SF:
    $230/SF
    Added:
    Dec 6, 2024
    Days on Market:
    551
    Last Refresh:
    May 20 at 8:27 pm

    Property Features for 4635 Flat Shoals Pkwy

    General Information

    Standard status
    Active
    Size
    10,000 SF
    Lot size
    1.28 Acres
    Property subtype
    OFFICE

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    Listing Contact
    Lasha Kortava
    Lasha Kortava

    Listing agent Andrew Ackerman

    Listing office Sands Investment Group (SIG) - Corporate

    Listing date Dec 6, 2024

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Sands Investment Group (SIG) - Corporate

    HighLights

    • Annual rental increases ensure investment growth.
    • Strong demographics: Over 170,000 residents within a 5‑mile radius with an average household income exceeding $70,000.
    • 100% Occupancy
    • Strategically located between I‑285 and Wesley Chapel Road.
    • Freestanding office building with ample parking and easy access to a main road.
    • Last renovated in 2019.

    Overview

    This office building, located in Decatur, Georgia, is strategically positioned between I-285 and Wesley Chapel Road. The location offers strong demographics, with a 5-mile population radius of over 170,000 residents and an average household income exceeding $70,000. The property consists of two Class-B buildings and was last renovated in 2019. The freestanding office building on Flat Shoals Parkway provides a private setting with ample parking and convenient access to a main road. The property is currently 100% occupied and features annual rental increases, offering investors the opportunity to ensure investment growth. The property has excellent visibility and is easy to access. The building is suitable for office use.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $238.7k $23.87
    − Vacancy −$60.2k −$6.02
    EGI $178.5k $17.85
    − OpEx −$44.6k −$4.46
    NOI $133.9k $13.39
    10,000 SF · lease $23.87/SF/yr · vacancy 25.20% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.91M
    $1.67M – $2.23M (±1% cap)
    NOI $133,911 @ 7.0% cap · market cap 5.82%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $2.80M
    $2.45M – $3.26M (±1% cap)
    NOI $195,677 @ 7.0% cap · market cap 8.51%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Faithful Hands Massage Alternative Medicine Practice Brows Lash Lips Hair Salon Ambition Recording Studios Recording Studio MCG Agency: Allstate ... Insurance Agency Adore Decor Events Hotel & Motel

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    DeKalb
    State
    Georgia
    Longitude
    -84.2374
    Latitude
    33.6835

    FAQs

    What type of property is this?
    Office building - Decatur office building with strong demographics and investment growth potential.
    Where is this office building located?
    The property is located at 4635 Flat Shoals Pkwy Decatur, GA.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: Annual rental increases ensure investment growth.; Strong demographics: Over 170,000 residents within a 5‑mile radius with an average household income exceeding $70,000.; 100% Occupancy
    (844) 474-4666 Call to check price and availability
    More about this property
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