Freestanding Conventional
New
For Sale
$1,390,000
2675 WESLEY, Decatur, GA 30034
Restaurant-configured commercial property with on-site parking and access along Wesley Chapel Rd.
Property Size4,147 SF
Price / SF$335.18
Days on Market4
Property Features for 2675 WESLEY
General Information
Standard status
Active
Size
4,147 SF
Total Parking Spaces
53
Property subtype
Business
Taxes and HOA fees
Annual Taxes
$16,234
Building Details
Year Built
1972
Buildings
1
Listing Agency:
Virtual Properties Realty. Biz
Listed By:
Bong Lee
(678) 699-7563
Source:
Evatlanta
Added: Sep 11
Changed: Sep 13
Last Checked: Sep 14 at 8:06AM
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 Virtual Properties Realty. Biz
Investment Insights
Based on property information with market context.
This conventional restaurant property includes an approximately 4,147-square-foot building on a commercial lot at 2675 Wesley Chapel Rd. The building is configured for restaurant use, providing an existing framework for continued operations or future renovation. Constructed in 1972, the property includes approximately 53 parking spaces.
The site is positioned along Wesley Chapel Rd in Decatur, GA, with access from the road and visibility to passing traffic. The surrounding commercial area includes residential neighborhoods, retail businesses, restaurants, and other commercial uses. The existing restaurant configuration and parking supply support continued food-service use while leaving room for an owner’s planned improvements or redevelopment.
The site is positioned along Wesley Chapel Rd in Decatur, GA, with access from the road and visibility to passing traffic. The surrounding commercial area includes residential neighborhoods, retail businesses, restaurants, and other commercial uses. The existing restaurant configuration and parking supply support continued food-service use while leaving room for an owner’s planned improvements or redevelopment.
Key Highlights
- Approximately 4,147‑square‑foot restaurant building
- Approximately 53 parking spaces
- Configured for restaurant use
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
$66,644
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
4.79%
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%
$1,332,880
$1.3M
Cap Rate 7%
$952,057
$952.1K
Cap Rate 9%
$740,489
$740.5K
Market Conditions
NOI Build-Up for 4,147 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
$95.5K $23.04/SF
− Vacancy
−$6.7K −$1.61/SF
EGI
$88.9K $21.43/SF
− OpEx
−$22.2K −$5.36/SF
NOI
$66.6K $16.07/SF
Area
DeKalb County, GA
Vacancy
7.00%
Lease Rate
$23.04 /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%
$1,332,880
Cap Rate 7%
$952,057
Cap Rate 9%
$740,489
Alternative Uses
Best Use
Specialty Retail
$952.1K
$833.1K – $1.11M
NOI $66,644 @ 7.0% cap · market cap 4.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $81,147 @ 7.0% cap · market cap 5.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
117
Businesses Nearby
Under-served
Demand for This Use
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 Retail in South region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant-configured commercial property with on-site parking and access along Wesley Chapel Rd.
Where is this conventional restaurant located?
The property is located at 2675 WESLEY Decatur, GA.
What is the asking price?
The asking price for this property is $1,390,000.
What are key features of this property?
This property features: Approximately 4,147‑square‑foot restaurant building; Approximately 53 parking spaces; Configured for restaurant use
