Commercial Land with Existing
New
For Sale
$425,000
1799 Clairmont Road, Decatur, GA 30033
Commercial Sale, Decatur, GA
Property Size1,901 SF
Lot Size0.42 Acres
Price / SF$223.57
Days on Market3
Property Features for 1799 Clairmont Road
General Information
Property type
Commercial Sale
Property subtype
Office
Parking
12
Parking features
Parking Lot
Lot features
City Lot, Near Public Transit
Directions
Use GPS
Standard status
Active
APN
18 103 03 018
Size
1,901 SF
Lot size
0.42 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
12720
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Forced Air, Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1946
Flooring type
Carpet, Hardwood
Building materials
Block, Vinyl Siding
Listing Agency:
Keller Williams Realty Atl. Partners
(678) 341-2900
Listed By:
Sandy Hippeli · License #363900
(770) 364-2827
Added: Aug 18
Changed: Aug 20
Last Checked: Aug 20 at 9:06PM
MLS# 10828151
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.
This O&I-zoned commercial land offering includes approximately 0.416 acres at a signalized intersection. An existing building constructed in 1946 remains on the site, with block and vinyl siding, carpet and hardwood flooring, forced-air and central heating, central air conditioning, and a parking lot. Public water, a septic tank, and cable availability are identified for the property.
The site fronts Clairmont Road at Mason Mill Road and receives exposure to more than 30,000 vehicles daily. Its Decatur location places it minutes from Emory University, Emory Hospital, VA Hospital, and Downtown Decatur, with access to I-85 and I-285. The property can support redevelopment or renovation of the existing improvements for a permitted commercial use.
The site fronts Clairmont Road at Mason Mill Road and receives exposure to more than 30,000 vehicles daily. Its Decatur location places it minutes from Emory University, Emory Hospital, VA Hospital, and Downtown Decatur, with access to I-85 and I-285. The property can support redevelopment or renovation of the existing improvements for a permitted commercial use.
Key Highlights
- Approximately 0.416 acres of commercial land
- Exposure to 30,000+ vehicles daily
- Signalized Clairmont Road and Mason Mill Road intersection
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
$25,456
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
5.99%
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%
$509,120
$509.1K
Cap Rate 7%
$363,657
$363.7K
Cap Rate 9%
$282,844
$282.8K
Market Conditions
NOI Build-Up for 1,901 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
$45.4K $23.87/SF
− Vacancy
−$11.4K −$6.02/SF
EGI
$33.9K $17.85/SF
− OpEx
−$8.5K −$4.46/SF
NOI
$25.5K $13.39/SF
Area
DeKalb County, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
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%
$509,120
Cap Rate 7%
$363,657
Cap Rate 9%
$282,844
Alternative Uses
Best Use
Office B
$363.7K
$318.2K – $424.3K
NOI $25,456 @ 7.0% cap · market cap 5.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$531.4K
$465.0K – $620.0K
NOI $37,198 @ 7.0% cap · market cap 8.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,330
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - O&I-zoned site at a signalized intersection with an existing building and on-site parking.
Where is this commercial land located?
The property is located at 1799 Clairmont Road Decatur, GA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Approximately 0.416 acres of commercial land; Exposure to 30,000+ vehicles daily; Signalized Clairmont Road and Mason Mill Road intersection
