Decatur Commercial Building For
For Sale
$495,000
2612 Rainbow Way, Decatur, GA 30034
Stand-alone commercial building in Decatur, Georgia, suitable for various uses.
Property Size1,696 SF
Price / SF$291.86
Days on Market204
Property Features for 2612 Rainbow Way
General Information
Standard status
Active
Size
1,696 SF
Building Details
Year Built
1998
Listing Agency:
Platinum Access, LLC
Listed By:
Yolanda Rolle · License #338657
(678) 549-7105
Source:
Jetsetrealty
Added: Mar 27
Changed: Oct 6
Last Checked: Oct 5 at 10:11PM
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 Platinum Access, LLC
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Investment Insights
Based on property information with market context.
This stand-alone, all-brick commercial building is situated in the South DeKalb corridor of Decatur, Georgia. The property is suitable for an owner-user or investor seeking a professional office or service facility. Its location provides convenient access to I-285, Flat Shoals Road, Wesley Chapel Road, and Panthersville Road, offering connectivity throughout Metro Atlanta. The building features a flexible interior layout suitable for professional offices, counseling services, medical or wellness practices, educational services, or nonprofit organizations. The durable all-brick construction, dedicated parking, and stand-alone configuration provide stability and operational independence. The property is located in an area experiencing residential growth and commercial expansion, surrounded by established neighborhoods and community services. The building has ample on-site parking and is near restaurants and shopping. The property size is 1696 square feet.
Key Highlights
- Prime location in the expanding South DeKalb/Decatur market with convenient access to I‑285 and major transportation routes.
- Stand‑alone all‑brick commercial building offering operational independence.
- Flexible interior layout suitable for a variety of professional office or service uses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,711
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$454,220
$454.2K
Cap Rate 7%
$324,443
$324.4K
Cap Rate 9%
$252,344
$252.3K
Market Conditions
NOI Build-Up for 1,696 SF
Gross rent
$40.5K $23.87/SF
− Vacancy
−$10.2K −$6.02/SF
EGI
$30.3K $17.85/SF
− OpEx
−$7.6K −$4.46/SF
NOI
$22.7K $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 Rate 5%
$454,220
Cap Rate 7%
$324,443
Cap Rate 9%
$252,344
Alternative Uses
Best Use
Office B
$324.4K
$283.9K – $378.5K
NOI $22,711 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$474.1K
$414.8K – $553.1K
NOI $33,187 @ 7.0% cap · market cap 6.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
945
Businesses Nearby
Explore this area
Business Placement
Demographics for 30034, GA
47,450
Population
20,553
Households
2.3
Avg Household Size
38
Median Age
29%
College-Educated
93%
High-School Grad
16.8 sq mi
ZIP Area
2,824
Density / Sq Mi
$60,551
Median Household Income
$39,134
Median Earnings
$1,427
Median Rent
$228,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Stand-alone commercial building in Decatur, Georgia, suitable for various uses.
Where is this office building located?
The property is located at 2612 Rainbow Way Decatur, GA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Prime location in the expanding South DeKalb/Decatur market with convenient access to I‑285 and major transportation routes.; Stand‑alone all‑brick commercial building offering operational independence.; Flexible interior layout suitable for a variety of professional office or service uses.
