Retail/Office Property with Road
For Sale
$199,000
1988 Wesley Chapel Rd, 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 Market205
Property Features for 1988 Wesley Chapel Rd
General Information
Standard status
Active
Size
768 SF
Building Details
Year Built
1950
Listing Agency:
Revolve Real Estate
Listed By:
DeeAnna Nugent
(770) 861-4682
Source:
Brockteam
Added: Apr 4
Changed: Oct 15
Last Checked: Oct 7 at 4:07PM
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
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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 / Yr
$10,802
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
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
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 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.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
283
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
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 Rd 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
