Grocery and Convenience
New
For Sale
$650,000
1885 Candler Rd, Decatur, GA 30032
The existing building includes a new roof and three new air-conditioning units.
Property Size4,146 SF
Price / SF$156.78
Days on Market4
Property Features for 1885 Candler Rd
General Information
Standard status
Active
Size
4,146 SF
Property subtype
Commercial
Building Details
Year Built
1961
Listing Agency:
Best Realty Specialists, Inc.
Listed By:
Julin Gu (joyce_realty@yahoo.com)
(678) 910-3298
Source:
Findgreateratlantaproperties
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 24 at 4:35PM
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 Best Realty Specialists, Inc.
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Investment Insights
Based on property information with market context.
This grocery and convenience store property in Decatur was built in 1961. Building improvements include a new roof and three new air-conditioning units.
The property is located at 1885 Candler Road in Decatur, Georgia, near East Lake Golf Course.
The property is located at 1885 Candler Road in Decatur, Georgia, near East Lake Golf Course.
Key Highlights
- New roof
- Three new AC units
- Built in 1961
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,315
Cap Rate
8.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,166,300
$1.2M
Cap Rate 7%
$833,071
$833.1K
Cap Rate 9%
$647,944
$647.9K
Market Conditions
NOI Build-Up for 4,146 SF
Gross rent
$91.0K $21.96/SF
− Vacancy
−$7.7K −$1.87/SF
EGI
$83.3K $20.09/SF
− OpEx
−$25.0K −$6.03/SF
NOI
$58.3K $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 Rate 5%
$1,166,300
Cap Rate 7%
$833,071
Cap Rate 9%
$647,944
Alternative Uses
Best Use
Specialty Retail
$951.8K
$832.9K – $1.11M
NOI $66,628 @ 7.0% cap · market cap 10.25%
Second Best
Retail
$833.1K
$728.9K – $971.9K
NOI $58,315 @ 7.0% cap · market cap 8.97%
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $81,128 @ 7.0% cap · market cap 12.48%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
664
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30032, GA
44,697
Population
20,676
Households
2.2
Avg Household Size
38
Median Age
30%
College-Educated
91%
High-School Grad
13.6 sq mi
ZIP Area
3,287
Density / Sq Mi
$61,292
Median Household Income
$37,443
Median Earnings
$1,364
Median Rent
$245,000
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
Similar Off Market Nearby
- America's Food Basket of Candler Plaza — 2112 Candler Rd, Decatur, GA 30032
- Candler Food Mart — 1736 Candler Rd, Decatur, GA 30032
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - The existing building includes a new roof and three new air-conditioning units.
Where is this grocery and convenience store located?
The property is located at 1885 Candler Rd Decatur, GA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: New roof; Three new AC units; Built in 1961
