Brick Office Building with
For Sale
$269,000
2316 Candler Road, Decatur, GA 30032
SINGLE_FAMILY - Decatur, GA
Property Size1,567 SF
Lot Size0.41 Acres
Price / SF$171.67
Days on Market55
Property Features for 2316 Candler Road
General Information
Property type
Residential
Property subtype
Office
Zoning
OI
Parking
10
Parking features
Parking Lot
Window features
Wood Frames
Interior features
Restrooms
Fencing
Chain Link
Lot features
Corner Lot
Directions
From Memorial Drive and Candler Road go South on Candler Road to the property on the left at the corner of Candler Road and Toney Drive. The driveway is between 2308 and 2316 Candler Road.
Standard status
Active
APN
15 137 08 002
Size
1,567 SF
Lot size
0.41 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2207
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1954
Floors in Building
1
Flooring type
Hardwood
Building materials
Brick
Listing Agency:
Alma Fuller Realty Company
(404) 321-7400
Listed By:
CAROL L FULLER
(404) 861-0815
Added: Jun 23
Changed: Aug 10
Last Checked: Aug 16 at 2:06PM
MLS# 7795982
Copyright © 2026 First Multiple Listing Service, Inc. 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 1,567-square-foot office building was constructed in 1954 with brick construction, hardwood flooring, and interior restrooms. The property was formerly used as an attorney’s office and requires renovation. It occupies a 0.4057-acre corner lot with a parking lot and chain-link fencing.
The property is zoned OI and has public water, public sewer, and natural gas available. Its existing office layout and parking provide a defined commercial framework for renovation and continued office use.
The property is zoned OI and has public water, public sewer, and natural gas available. Its existing office layout and parking provide a defined commercial framework for renovation and continued office use.
Key Highlights
- 1,567‑square‑foot office building constructed in 1954
- 0.4057‑acre corner lot with parking lot
- Brick construction with hardwood flooring
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
$20,984
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
7.80%
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%
$419,680
$419.7K
Cap Rate 7%
$299,771
$299.8K
Cap Rate 9%
$233,156
$233.2K
Market Conditions
NOI Build-Up for 1,567 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
$37.4K $23.87/SF
− Vacancy
−$9.4K −$6.02/SF
EGI
$28.0K $17.85/SF
− OpEx
−$7.0K −$4.46/SF
NOI
$21.0K $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%
$419,680
Cap Rate 7%
$299,771
Cap Rate 9%
$233,156
Alternative Uses
Best Use
Office B
$299.8K
$262.3K – $349.7K
NOI $20,984 @ 7.0% cap · market cap 7.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$438.0K
$383.3K – $511.1K
NOI $30,663 @ 7.0% cap · market cap 11.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
372
Businesses Nearby
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - 1954 office property with restrooms, hardwood flooring, and public water and sewer service.
Where is this office building located?
The property is located at 2316 Candler Road Decatur, GA.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: 1,567‑square‑foot office building constructed in 1954; 0.4057‑acre corner lot with parking lot; Brick construction with hardwood flooring
