Retail/Office Property with Road
For Sale
Contact for pricing
1988 Wesley Chapel Road, Decatur, GA 30035
For sale commercial property with road frontage and proximity to major thoroughfares near I-20 and Covington Hwy.
Property Size768 SF
Price / SF$259.11
Days on Market170
Property Features for 1988 Wesley Chapel Road
General Information
Standard status
Active
Size
768 SF
Total Parking Spaces
4
Property subtype
Business for Sale, Retail, Office
Zoning
res
Building Details
Year Built
1950
Buildings
1
Listing Agency:
Revolve Real Estate
Listed By:
DeeAnna Nugent
(404) 531-5700
Source:
Crexi
Added: Mar 22
Changed: Aug 28
Last Checked: Sep 7 at 1:04AM
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 Revolve Real Estate
Investment Insights
Based on property information with market context.
This for-sale commercial property offers road frontage and is positioned next to existing commercial establishments. The seller requires the property at 1980 Wesley Chapel to be sold in tandem, allowing control of a larger combined footprint.
The site is located at 1988 Wesley Chapel Road in Decatur, GA, and sits near the intersections of I-20 and Covington Hwy, providing convenient access to two major thoroughfares.
The property is presented as a fit for a range of commercial uses, including retail, office, or restaurant use, depending on the buyer’s plans.
The site is located at 1988 Wesley Chapel Road in Decatur, GA, and sits near the intersections of I-20 and Covington Hwy, providing convenient access to two major thoroughfares.
The property is presented as a fit for a range of commercial uses, including retail, office, or restaurant use, depending on the buyer’s plans.
Key Highlights
- Commercial property built in 1950
- Road frontage with high‑visibility, accessible commercial positioning
- Located next to existing commercial establishments
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
$10,802
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
5.43%
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%
$216,040
$216.0K
Cap Rate 7%
$154,314
$154.3K
Cap Rate 9%
$120,022
$120.0K
Market Conditions
NOI Build-Up for 768 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
$16.9K $21.96/SF
− Vacancy
−$1.4K −$1.87/SF
EGI
$15.4K $20.09/SF
− OpEx
−$4.6K −$6.03/SF
NOI
$10.8K $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%
$216,040
Cap Rate 7%
$154,314
Cap Rate 9%
$120,022
Alternative Uses
Best Use
Retail
$154.3K
$135.0K – $180.0K
NOI $10,802 @ 7.0% cap · market cap 5.43%
Second Best
Office B
$146.9K
$128.6K – $171.4K
NOI $10,284 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$214.7K
$187.9K – $250.5K
NOI $15,028 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
283
Businesses Nearby
Explore this area
Business Placement
Demographics for 30035, GA
22,671
Population
8,731
Households
2.6
Avg Household Size
36
Median Age
26%
College-Educated
90%
High-School Grad
8.5 sq mi
ZIP Area
2,667
Density / Sq Mi
$65,733
Median Household Income
$34,246
Median Earnings
$1,522
Median Rent
$217,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - For sale commercial property with road frontage and proximity to major thoroughfares near I-20 and Covington Hwy.
Where is this retail space located?
The property is located at 1988 Wesley Chapel Road Decatur, GA.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Commercial property built in 1950; Road frontage with high‑visibility, accessible commercial positioning; Located next to existing commercial establishments
