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 Market169
Property Features for 2612 Rainbow Way
General Information
Standard status
Active
Size
1,696 SF
Taxes and HOA fees
Annual Taxes
$2,627
Listing Agency:
Platinum Access, LLC
(678) 549-7105
Listed By:
Yolanda Rolle · License #338657
(678) 549-7105
Source:
Exprealty
Added: Mar 8
Changed: Aug 23
Last Checked: Aug 21 at 8:31AM
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
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 = 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
$22,711
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
4.59%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
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 - 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.
