Retail/Office Property with Road
1988 Wesley Chapel Road Decatur, GA 30035
1988 Wesley Chapel Road, Decatur, GA, 30035
Contact for pricing
For Sale
Contact for pricing
For sale commercial property with road frontage and proximity to major thoroughfares near I-20 and Covington Hwy.
Property Size768 SF
Price / SF$273.44
Days on Market123
Property Features for 1988 Wesley Chapel Road
General Information
- Standard status
- Active
- Size
- 768 SF
- Property subtype
- Business for Sale, Retail, Office
Building Details
- Year Built
- 1950
Listing agency
Revolve Real Estate
(404) 531-5700
Listed by
DeeAnna Nugent
Source
Crexi
Added: Mar 22 Updated: Jul 21 at 3:25PM Checked: Jul 22 at 6:01PM
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
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $16.9k | $21.96 |
| − Vacancy | −$1.4k | −$1.87 |
| EGI | $15.4k | $20.09 |
| − OpEx | −$4.6k | −$6.03 |
| NOI | $10.8k | $14.07 |
768 SF · lease $21.96/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$154.3K
$135.0K – $180.0K
NOI $10,802 @ 7.0% cap · market cap 5.14%
Second Best
Office B
$146.9K
$128.6K – $171.4K
NOI $10,284 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$214.7K
$187.9K – $250.5K
NOI $15,028 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
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 $210,000.
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
