Nine-Bay Auto
For Sale
$1,500,000
1550 Fairlake Drive, Decatur, GA 30034
Commercial Sale, Decatur, GA
Property Size12,111 SF
Lot Size0.98 Acres
Price / SF$123.85
Days on Market50
Property Features for 1550 Fairlake Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning
C2
Parking
50
Parking features
Parking Lot
Security features
Security Lighting
Window features
Aluminum Frames
Interior features
High Ceilings 10 or Greater, Restrooms
Fencing
Fenced, Chain Link, Privacy
Lot features
Cul-De-Sac
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
Lot size
0.98 Acres
Tenancy & Operations
Tenant in Place
Yes
Real Estate Included
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1908
Utilities
Utilities
Cable Available
Heating system
Central
Cooling system
Central Air, Electric
Amenities
guard house
gated office
client waiting room with bathroom
additional open space
additional client waiting room
Vault
motor storage
split HVAC systems
lifts
air compressors
Building Details
Year built
2020
Floors in Building
1
Flooring type
Brick
Building materials
Aluminum Siding, Frame
Roof type
Asphalt
Additional Structures
Other
Listing Agency:
HomeSmart · HomeSmart International
(404) 876-4901
Listed By:
BEVERLY FREELAND · License #208087
(404) 441-1134
Added: Sep 11
Changed: Oct 23
Last Checked: Oct 30 at 5:06PM
MLS# 7836760
Copyright © 2026 First Multiple Listing Service, Inc. 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 shop occupies a 0.976-acre parcel and contains nine garage bays. The layout also includes a gated 24-by-24-foot office, two customer 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. The building was constructed in 2020 and is listed as under construction.
Five lifts, each less than five years old, and two air compressors are included. Three of the nine bays are leased. The property has three split HVAC systems and C2 zoning.
Five lifts, each less than five years old, and two air compressors are included. Three of the nine bays are leased. The property has three split HVAC systems and C2 zoning.
Key Highlights
- Nine garage bays in a 12,111‑square‑foot auto shop
- 0.976‑acre parcel; C2 zoning
- Three of the nine bays are 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.
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Property Analytics
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Current Use
Lease Details
14 ft
Clear height
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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- Alpha 1 Hand Car Wash & Emissions — 3692 Flat Shoals Rd, Decatur, GA 30034, United States
Frequently Asked Questions
What type of property is this?
Auto shop - The property combines dedicated office and customer areas with equipment for automotive operations.
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: Nine garage bays in a 12,111‑square‑foot auto shop; 0.976‑acre parcel; C2 zoning; Three of the nine bays are leased
