Renovated Flex Event
558 Medlock Rd, Decatur, GA 30030
New
Turnkey 2024-renovated flex building with gated parking and multi-space layout suitable for events, education, retail, office, or medical use.
Type:Free Standing Building
Property size:
8,600 SFLot size:
0.82 AcresPrice / SF:
$258/SF- Added:
- Jun 28, 2026
- Days on Market:
- 4
- Last Refresh:
- Jul 1 at 3:15 am
Property Features for 558 Medlock Rd
General Information
- Standard status
- Active
- Size
- 8,600 SF
- Lot size
- 0.82 Acres
- Property subtype
- Free Standing Building
Building Details
- Year Built
- 1963
Listing office Bull Realty (404) 876-1640
Listing date Jun 28, 2026
Source Thebrokerlist
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 Bull Realty
HighLights
- Completely renovated 2024 commercial building with approx. 8,600 SF on 0.818 acre
- Built out as an event and entertainment venue with multiple themed gathering and event spaces
- Strong parking offering: approx. 39 spaces plus fenced and gated security and outdoor green space
- Recent capital improvements include new roof with transferable warranty, eight HVAC systems, and eight restrooms
- Flexible floor plan suitable for event, educational, retail, office, medical, studio, and other uses
- High‑traffic frontage with approx. 12,500 VPD on N Decatur Rd, 13,300 VPD on Scott Blvd, and 17,500 VPD on Medlock Rd
Overview
558 Medlock Road is a completely renovated flex property originally constructed in 1963 and extensively improved in 2024. The approximately 8,600-square-foot building is currently built out as an event and entertainment venue with multiple themed gathering spaces. The improvements include a new roof with warranty, eight HVAC systems, and eight restrooms, along with comprehensive interior renovations designed to support a turnkey operation. The site also includes outdoor green space, and the facility is described as very secure with fenced and gated access, plus approximately 39 on-site parking spaces.
The property sits on 0.818 acres along a high-traffic retail corridor at Medlock Road. It is positioned at the entrance to a Walmart Supercenter and within walking distance of Whole Foods, Sprouts, and LA Fitness. Reported traffic volumes include approximately 12,5600 VPD on N Decatur Rd, 38,300 VPD on Scott Blvd, and 17,500 VPD on Medlock Rd, supporting strong day-to-day visibility.
Flexibility is a key attribute of this asset. The floor plan is described as suitable for event, educational, retail, office, medical, studio, and other uses, and the layout also presents a value-add opportunity because the building can be subdivided to accommodate multiple tenants or complementary uses. The property is located within DeKalb County C-1 zoning, described as allowing many uses, and it is stated as no City of Decatur tax bill. This mix of turnkey improvements and adaptability may suit owner-users, entertainment operators, event venue users, churches, educational facilities, creative office users, or investors seeking a repositionable floor plan.
The property sits on 0.818 acres along a high-traffic retail corridor at Medlock Road. It is positioned at the entrance to a Walmart Supercenter and within walking distance of Whole Foods, Sprouts, and LA Fitness. Reported traffic volumes include approximately 12,5600 VPD on N Decatur Rd, 38,300 VPD on Scott Blvd, and 17,500 VPD on Medlock Rd, supporting strong day-to-day visibility.
Flexibility is a key attribute of this asset. The floor plan is described as suitable for event, educational, retail, office, medical, studio, and other uses, and the layout also presents a value-add opportunity because the building can be subdivided to accommodate multiple tenants or complementary uses. The property is located within DeKalb County C-1 zoning, described as allowing many uses, and it is stated as no City of Decatur tax bill. This mix of turnkey improvements and adaptability may suit owner-users, entertainment operators, event venue users, churches, educational facilities, creative office users, or investors seeking a repositionable floor plan.
Local Financial Insights For Healthcare Medical
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 | $232.2k | $27.00 |
| − Vacancy | −$24.4k | −$2.84 |
| EGI | $207.8k | $24.17 |
| − OpEx | −$83.1k | −$9.67 |
| NOI | $124.7k | $14.50 |
8,600 SF · lease $27.00/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.78M
$1.56M – $2.08M
NOI $124,691 @ 7.0% cap · market cap 5.60%
Second Best
Office B
$1.65M
$1.44M – $1.92M
NOI $115,163 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $168,282 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Lannie Pryor Brown
Physician
Dr. Chamberlain I. ...
Physician
Cynthia L. Bockwitz, ...
Counselor
Hughes Marilyn
Counselor
Coaching Your Dreams
Counselor
Similar Places Nearby
- Tin Drum Asian Kitchen & Boba Tea - Decatur, GA — 1565 Church St Ste 510, Decatur, GA 30033
Location Insight
- Map
- Local Demand
- City
- Decatur
- County
- DeKalb
- State
- Georgia
- Longitude
- -84.2904992
- Latitude
- 33.7924782
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Turnkey 2024-renovated flex building with gated parking and multi-space layout suitable for events, education, retail, office, or medical use.
Where is this flex space located?
The property is located at 558 Medlock Rd Decatur, GA.
What is the asking price?
The asking price for this property is $2,225,000.
What are key features of this property?
This property features: Completely renovated 2024 commercial building with approx. 8,600 SF on 0.818 acre; Built out as an event and entertainment venue with multiple themed gathering and event spaces; Strong parking offering: approx. 39 spaces plus fenced and gated security and outdoor green space
