Multi-Bay Automotive Service
New
For Sale
$2,000,000
1550 Fairlake Drive, Decatur, GA 30034
Commercial Sale, Decatur, GA
Property Size12,111 SF
Price / SF$165.14
Days on Market6
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
Fenced, Chain Link, Privacy
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
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
separate guard house
gated office
client waiting room
bathroom
additional open space
vault
motor storage
three 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: Sep 16
Last Checked: Sep 17 at 3:06AM
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.
Investment Insights
Based on property information with market context.
Located at 1550 Fairlake Drive in Decatur, this 12,111-square-foot automotive facility was built in 2000 and includes nine garage bays measuring approximately 14 feet each. The layout also provides a 12-by-14-foot guard house, a gated 24-by-24-foot office with bathroom, two customer waiting areas, a 25-by-9-foot vault, and an 11-by-12-foot motor storage room. An additional 40-by-21-foot open area can support storage, meetings, gatherings, or other business functions. Three bays are currently leased.
Three split HVAC systems provide heating and cooling throughout the property. The site includes a secured parking lot with chain-link and privacy fencing, concrete flooring, a metal roof, public water, septic service, and cable availability. The property is equipped for automotive service, repair, workshops, equipment storage, and related commercial operations.
Three split HVAC systems provide heating and cooling throughout the property. The site includes a secured parking lot with chain-link and privacy fencing, concrete flooring, a metal roof, public water, septic service, and cable availability. The property is equipped for automotive service, repair, workshops, equipment storage, and related commercial operations.
Key Highlights
- Nine garage bays, each approximately 14 feet
- 12,111‑square‑foot facility built in 2000
- Gated 24‑by‑24‑foot office with bathroom
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
$170,346
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
8.52%
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%
$3,406,920
$3.4M
Cap Rate 7%
$2,433,514
$2.4M
Cap Rate 9%
$1,892,733
$1.9M
Market Conditions
NOI Build-Up for 12,111 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
$266.0K $21.96/SF
− Vacancy
−$22.6K −$1.87/SF
EGI
$243.4K $20.09/SF
− OpEx
−$73.0K −$6.03/SF
NOI
$170.3K $14.07/SF
Area
DeKalb County, GA
Vacancy
8.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
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%
$3,406,920
Cap Rate 7%
$2,433,514
Cap Rate 9%
$1,892,733
Alternative Uses
Best Use
Retail
$2.43M
$2.13M – $2.84M
NOI $170,346 @ 7.0% cap · market cap 8.52%
Second Best
Industrial
$1.05M
$922.2K – $1.23M
NOI $73,778 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$3.39M
$2.96M – $3.95M
NOI $236,984 @ 7.0% cap · market cap 11.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Auto shop - Flexible commercial facility with offices, customer areas, secured parking, and space for automotive operations or storage.
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 $2,000,000.
What are key features of this property?
This property features: Nine garage bays, each approximately 14 feet; 12,111‑square‑foot facility built in 2000; Gated 24‑by‑24‑foot office with bathroom
