Three-Unit Retail
2978 Rainbow Dr, Decatur, GA 30034
For Sale
Contact for pricing
All suites are occupied, with C-1 zoning and surface parking on site.
Property Size5,100 SF
Price / SF$156.86
Days on Market31
Property Features for 2978 Rainbow Dr
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Site & Location
Frontage
Pylon Signage
Highway Access
Road Access
Additional Details
Tenant in Place
Building Details
Year Built
Buildings
Stories
Tenancy
Listing Agency:
Berkshire Hathaway HomeServices Georgia Properties Marietta
Listed By:
Willie F. Smith, MRED · License #405521
(404) 966-0336
Source:
Crexi
Added: Oct 10
Changed: Nov 8
Last Checked: Nov 8 at 2:32PM
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 Berkshire Hathaway HomeServices Georgia Properties Marietta
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Investment Insights
Based on property information with market context.
This single-story retail property contains 5,100 square feet divided among three units. Built in 1979, it is fully occupied and zoned C-1. Surface parking, pylon signage, and direct curb-cut access are among its site features.
The building has approximately 162 feet of frontage along Rainbow Drive and sits less than ½ mile from I-20 at Candler Road. Its surroundings include established residential areas and neighborhood-serving commercial uses.
The building has approximately 162 feet of frontage along Rainbow Drive and sits less than ½ mile from I-20 at Candler Road. Its surroundings include established residential areas and neighborhood-serving commercial uses.
Key Highlights
- 5,100‑square‑foot building with three retail units
- 100% occupancy
- C‑1 zoning and surface parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,733
Cap Rate
8.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,434,660
$1.4M
Cap Rate 7%
$1,024,757
$1.0M
Cap Rate 9%
$797,033
$797.0K
Market Conditions
NOI Build-Up for 5,100 SF
Gross rent
$112.0K $21.96/SF
− Vacancy
−$9.5K −$1.87/SF
EGI
$102.5K $20.09/SF
− OpEx
−$30.7K −$6.03/SF
NOI
$71.7K $14.07/SF
Area
DeKalb County, GA
Vacancy
8.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,434,660
Cap Rate 7%
$1,024,757
Cap Rate 9%
$797,033
Alternative Uses
Best Use
Retail
$1.02M
$896.7K – $1.20M
NOI $71,733 @ 7.0% cap · market cap 8.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.25M – $1.66M
NOI $99,795 @ 7.0% cap · market cap 12.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
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
$228,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Decatur, GA
Properties on Market for Retail space in Decatur
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - All suites are occupied, with C-1 zoning and surface parking on site.
Where is this retail space located?
The property is located at 2978 Rainbow Dr Decatur, GA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 5,100‑square‑foot building with three retail units; 100% occupancy; C‑1 zoning and surface parking
