Office Building with On-Site
For Sale
Contact for pricing
1393 Church Street, Decatur, GA 30030
Freestanding office property with on-site parking and prominent Church Street exposure in Decatur’s Emory/CDC corridor.
Property Size1,646 SF
Lot Size0.25 Acres
Price / SF$382.14
Days on Market56
Property Features for 1393 Church Street
General Information
Standard status
Active
Size
1,646 SF
Class
C
Total Parking Spaces
5
Lot size
0.25 Acres
Property subtype
Office
Zoning
OI
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1953
Buildings
1
Stories
1
Units
1
Listing Agency:
Atlanta Leasing & Investment
(404) 348-4448
Listed By:
Dave Aynes · License #GA317811
Source:
Crexi
Added: Jun 29
Changed: Aug 21
Last Checked: Aug 21 at 6:47PM
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 Atlanta Leasing & Investment
Investment Insights
Based on property information with market context.
This freestanding office building totals 1,646 square feet and sits on approximately 0.25 acres. The property is positioned for flexibility, supporting a range of professional and medical office uses based on owner-occupant or investment objectives. With accessibility and visibility called out as key attributes, the building is designed to serve day-to-day business needs for established office and healthcare-oriented tenants.
Located at 1393 Church St in Decatur, the site benefits from visibility along Church Street and convenient access to major roadways including I-285, US-78, and Ponce de Leon Avenue. Public transportation access is noted as close to MARTA, and the surrounding area includes a mix of office, medical, retail, and restaurant users. The offering is described as being within the Emory/CDC corridor and minutes from Downtown Decatur, Decatur Square, Emory University, and the Centers for Disease Control and Prevention (CDC).
For tenants and owner-users, the combination of on-site parking, street visibility, and a professional-use fit supports operations that value straightforward customer and staff access. For investors, the property presents an opportunity to own a well-located office asset in a corridor shaped by major healthcare and educational institutions, with flexibility for future leasing and redevelopment considerations based on the information provided.
Located at 1393 Church St in Decatur, the site benefits from visibility along Church Street and convenient access to major roadways including I-285, US-78, and Ponce de Leon Avenue. Public transportation access is noted as close to MARTA, and the surrounding area includes a mix of office, medical, retail, and restaurant users. The offering is described as being within the Emory/CDC corridor and minutes from Downtown Decatur, Decatur Square, Emory University, and the Centers for Disease Control and Prevention (CDC).
For tenants and owner-users, the combination of on-site parking, street visibility, and a professional-use fit supports operations that value straightforward customer and staff access. For investors, the property presents an opportunity to own a well-located office asset in a corridor shaped by major healthcare and educational institutions, with flexibility for future leasing and redevelopment considerations based on the information provided.
Key Highlights
- Freestanding office building built in 1953
- 1,646 sq ft office building on approximately 0.25 acres
- Prominent Church Street exposure with signage opportunity
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
$22,042
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
3.50%
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%
$440,840
$440.8K
Cap Rate 7%
$314,886
$314.9K
Cap Rate 9%
$244,911
$244.9K
Market Conditions
NOI Build-Up for 1,646 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
$39.3K $23.87/SF
− Vacancy
−$9.9K −$6.02/SF
EGI
$29.4K $17.85/SF
− OpEx
−$7.3K −$4.46/SF
NOI
$22.0K $13.39/SF
Area
DeKalb County, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
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%
$440,840
Cap Rate 7%
$314,886
Cap Rate 9%
$244,911
Alternative Uses
Best Use
Office B
$314.9K
$275.5K – $367.4K
NOI $22,042 @ 7.0% cap · market cap 3.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$460.1K
$402.6K – $536.8K
NOI $32,208 @ 7.0% cap · market cap 5.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,153
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Freestanding office property with on-site parking and prominent Church Street exposure in Decatur’s Emory/CDC corridor.
Where is this office building located?
The property is located at 1393 Church Street Decatur, GA.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: Freestanding office building built in 1953; 1,646 sq ft office building on approximately 0.25 acres; Prominent Church Street exposure with signage opportunity
