Tesla Automotive Sales
New
For Sale
$5,900,000
1580 Church St, Decatur, GA 30033
Renovated facility supports vehicle sales and delivery operations under a net lease structure.
Property Size18,200 SF
Lot Size2.68 Acres
Price / SF$324.18
Days on Market2
Property Features for 1580 Church St
General Information
Standard status
Active
Size
18,200 SF
Class
C
Lot size
2.68 Acres
Property subtype
Retail - Street Retail
Building Details
Building Size
18,200 SF
Year Built
1986
Year Renovated
2019
Tenancy
Single
Listing Agency:
Skyline Seven Real Estate
Listed By:
Elliott Kyle · License #299687
(404) 812-8927
Source:
Commercialcafe
Added: Sep 7
Last Checked: Sep 7 at 3:17PM
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 Skyline Seven Real Estate
Investment Insights
Based on property information with market context.
This automotive sales and delivery facility encompasses approximately 18,200 square feet on 2.68 acres. Originally completed in 1986, the property was renovated in 2019 to accommodate Tesla’s operating requirements and brand standards. The improvements support a dedicated vehicle retail and delivery use within a functional automotive setting.
Located at 1580 Church St in Decatur, Georgia, the property is occupied under a net lease. Lease terms include an early 10-year renewal and a scheduled 15% rent increase in 2027. The current term has no remaining renewal options, preserving future flexibility for lease restructuring, re-tenanting, or redevelopment after the existing term.
Located at 1580 Church St in Decatur, Georgia, the property is occupied under a net lease. Lease terms include an early 10-year renewal and a scheduled 15% rent increase in 2027. The current term has no remaining renewal options, preserving future flexibility for lease restructuring, re-tenanting, or redevelopment after the existing term.
Key Highlights
- Tesla sales and delivery facility at 1580 Church St, Decatur, GA 30033
- Approximately 18,200 square feet on 2.68 acres
- Renovated in 2019 for Tesla operating requirements and brand standards
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
$255,990
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
4.34%
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%
$5,119,800
$5.1M
Cap Rate 7%
$3,657,000
$3.7M
Cap Rate 9%
$2,844,333
$2.8M
Market Conditions
NOI Build-Up for 18,200 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
$399.7K $21.96/SF
− Vacancy
−$34.0K −$1.87/SF
EGI
$365.7K $20.09/SF
− OpEx
−$109.7K −$6.03/SF
NOI
$256.0K $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%
$5,119,800
Cap Rate 7%
$3,657,000
Cap Rate 9%
$2,844,333
Alternative Uses
Best Use
Retail
$3.66M
$3.20M – $4.27M
NOI $255,990 @ 7.0% cap · market cap 4.34%
Second Best
Industrial
$1.58M
$1.39M – $1.85M
NOI $110,872 @ 7.0% cap · market cap 1.88%
Theoretical Best
Office A
$5.09M
$4.45M – $5.94M
NOI $356,132 @ 7.0% cap · market cap 6.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,390
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Automotive property - Renovated facility supports vehicle sales and delivery operations under a net lease structure.
Where is this automotive property located?
The property is located at 1580 Church St Decatur, GA.
What is the asking price?
The asking price for this property is $5,900,000.
What are key features of this property?
This property features: Tesla sales and delivery facility at 1580 Church St, Decatur, GA 30033; Approximately 18,200 square feet on 2.68 acres; Renovated in 2019 for Tesla operating requirements and brand standards
