9-Bay Auto
For Sale
$1,500,000
1550 Fairlake Drive, Decatur, GA 30034
Commercial Sale, Decatur, GA
Property Size12,111 SF
Price / SF$123.85
Days on Market49
Property Features for 1550 Fairlake Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Parking
50
Parking features
Parking Lot, Secured
Security features
Security
Fencing
Chain Link, Privacy, Fenced
Lot features
Interior Lot, Level, Near Public Transit
Directions
From I-20 Eastbound Take I-20 East toward Augusta. Take Exit 65 - Candler Road / GA-155. Turn right onto Candler Road (GA-155 South). Continue south toward Flat Shoals Road / Panthersville Road. Turn onto Fairlake Drive. Continue to 1550 Fairlake Drive. The address is in the Panthersville area of Decatur, just inside I-285. From I-20 Westbound Take Exit 65 for Candler Road/GA-155, then follow Candler Road south toward the Fairlake Drive/Panthersville area.
Standard status
Active
APN
15 121 05 005
Size
12,111 SF
Tenancy & Operations
Tenant in Place
Yes
Real Estate Included
Yes
Additional Details
Automotive Uses
auto repair, vehicle storage
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1908
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Amenities
guard house
gated office
bathroom
client waiting room
open space
vault
motor storage
split HVAC systems
Building Details
Year built
2000
Flooring type
Concrete
Building materials
Aluminum Siding, Concrete, Frame
Roof type
Metal
Additional Structures
Workshop
Listing Agency:
HomeSmart
(404) 876-4901
Listed By:
Beverly F Freeland · License #208087
(404) 441-1134
Added: Sep 12
Changed: Oct 25
Last Checked: Oct 30 at 5:06PM
MLS# 10844989
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 12,111-square-foot auto garage in Decatur, Georgia, was built in 2000 and contains nine bays, each approximately 14 feet. The layout also includes a 24-by-24-foot gated office with a bathroom, two client waiting rooms measuring 14 by 12 feet and 12 by 10 feet, and a separate 12-by-14-foot guard house. Additional areas include a 40-by-21-foot open room, a 25-by-9-foot vault, and 11-by-12-foot motor storage. Three split HVAC systems provide heating and cooling.
Three of the nine bays are currently leased. The property has secured parking, chain-link fencing, public water, and a septic system.
Three of the nine bays are currently leased. The property has secured parking, chain-link fencing, public water, and a septic system.
Key Highlights
- 9‑bay garage; each bay is approximately 14 feet
- 12,111 square feet; built in 2000
- Three of nine bays are currently leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,778
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,475,560
$1.5M
Cap Rate 7%
$1,053,971
$1.1M
Cap Rate 9%
$819,756
$819.8K
Market Conditions
NOI Build-Up for 12,111 SF
Gross rent
$114.8K $9.48/SF
− Vacancy
−$9.4K −$0.78/SF
EGI
$105.4K $8.70/SF
− OpEx
−$31.6K −$2.61/SF
NOI
$73.8K $6.09/SF
Area
DeKalb County, GA
Vacancy
8.20%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,475,560
Cap Rate 7%
$1,053,971
Cap Rate 9%
$819,756
Alternative Uses
Best Use
Retail
$2.43M
$2.13M – $2.84M
NOI $170,346 @ 7.0% cap · market cap 11.36%
Second Best
Industrial
$1.05M
$922.2K – $1.23M
NOI $73,778 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$3.39M
$2.96M – $3.95M
NOI $236,984 @ 7.0% cap · market cap 15.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
9
Service bays
Location Intelligence
Trade Area within ½ mile
932
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30034, GA
47,450
Population
20,553
Households
2.3
Avg Household Size
38
Median Age
29%
College-Educated
93%
High-School Grad
16.8 sq mi
ZIP Area
2,824
Density / Sq Mi
$60,551
Median Household Income
$39,134
Median Earnings
$1,427
Median Rent
$228,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Auto shop - Three split HVAC systems serve the property’s office and client waiting areas.
Where is this auto shop located?
The property is located at 1550 Fairlake Drive Decatur, GA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 9‑bay garage; each bay is approximately 14 feet; 12,111 square feet; built in 2000; Three of nine bays are currently leased
