Freestanding Office
For Sale
Contact for pricing
1456 McLendon Drive, Decatur, GA 30033
The building is suited to medical or professional office use.
Property Size4,494 SF
Price / SF$224.74
Days on Market8
Property Features for 1456 McLendon Drive
General Information
Standard status
Active
Size
4,494 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Listing Agency:
Lavista Associates
Listed By:
John Cape · License #GA 298184
Source:
Crexi
Added: Sep 18
Changed: Sep 24
Last Checked: Sep 24 at 3:03PM
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 Lavista Associates
Investment Insights
Based on property information with market context.
This freestanding office property contains approximately 4,494 square feet and is offered for sale. The stated use potential includes medical and professional office functions.
The property is on McLendon Drive in Decatur, near I-285, Emory, VA Hospital, and Downtown Decatur.
The property is on McLendon Drive in Decatur, near I-285, Emory, VA Hospital, and Downtown Decatur.
Key Highlights
- Freestanding office building with approximately 4,494 SF
- Medical and professional office use potential
- Near I‑285, Emory, VA Hospital, and Downtown Decatur
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
$65,159
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
6.45%
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%
$1,303,180
$1.3M
Cap Rate 7%
$930,843
$930.8K
Cap Rate 9%
$723,989
$724.0K
Market Conditions
NOI Build-Up for 4,494 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
$121.3K $27.00/SF
− Vacancy
−$12.7K −$2.84/SF
EGI
$108.6K $24.17/SF
− OpEx
−$43.4K −$9.67/SF
NOI
$65.2K $14.50/SF
Area
DeKalb County, GA
Vacancy
10.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
40.00%
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%
$1,303,180
Cap Rate 7%
$930,843
Cap Rate 9%
$723,989
Alternative Uses
Best Use
Healthcare Medical
$930.8K
$814.5K – $1.09M
NOI $65,159 @ 7.0% cap · market cap 6.45%
Second Best
Office B
$859.7K
$752.2K – $1.00M
NOI $60,179 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $87,937 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
636
Businesses Nearby
Explore this area
Business Placement
Demographics for 30033, GA
33,189
Population
15,164
Households
2.2
Avg Household Size
37
Median Age
71%
College-Educated
95%
High-School Grad
8.8 sq mi
ZIP Area
3,771
Density / Sq Mi
$107,647
Median Household Income
$62,976
Median Earnings
$1,752
Median Rent
$430,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - The building is suited to medical or professional office use.
Where is this office building located?
The property is located at 1456 McLendon Drive Decatur, GA.
What is the asking price?
The asking price for this property is $1,010,000.
What are key features of this property?
This property features: Freestanding office building with approximately 4,494 SF; Medical and professional office use potential; Near I‑285, Emory, VA Hospital, and Downtown Decatur
