Unique British Tudor-Style
For Sale
Contact for pricing
3000 Cathedral Pl, Decatur, GA 30034
Versatile estate suitable for rentals, events, business, or residence.
Property Size4,260 SF
Lot Size3.62 Acres
Price / SF$232.39
Days on Market172
Property Features for 3000 Cathedral Pl
General Information
Standard status
Active
Size
4,260 SF
Lot size
3.62 Acres
Property subtype
Office, Senior Living, Special Purpose
Zoning
OI
Building Details
Year Built
2000
Listing Agency:
BellStreet
Listed By:
Joseph Benes · License #397503
Source:
Crexi
Added: Mar 5
Changed: Aug 21
Last Checked: Aug 14 at 7:24AM
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 BellStreet
Investment Insights
Based on property information with market context.
This one-of-a-kind gated estate, custom-built in a British Tudor style, is set on 3.62 acres of picturesque land. Zoned O & I, the property offers unmatched versatility for short-term rentals, events, and business ventures. Alternatively, it can serve as a private residence with convenient access to Atlanta. The home overlooks a serene lake, with a second lake nearby. The 4,260 square foot building features 4 spacious offices or bedrooms, 2 private bathrooms, and a half bath. Architectural details include marble flooring, 100% wool carpeting, stained glass windows, and exposed wood beams. The property is sold fully furnished with unique vintage pieces. A 720 sq ft garage provides space for storage, parking, or a potential studio conversion. The estate has been featured in film and TV productions, including Netflix's "GameStop", Disney's "The World According to Jeff Goldblum," and BET's "Magic City," making it a proven filming location. Zoned for both office and institutional use, this property offers endless possibilities, ideal for a business retreat, wellness center, creative studio, or live/work setup.
Key Highlights
- Unique British Tudor‑style gated estate on 3.62 acres with LAKE VIEWS.
- Zoned O & I, offering versatile use for short‑term rentals, events, business ventures, or private residence.
- Proven income potential as a FILMING LOCATION for major film and TV productions.
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
$57,046
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
5.76%
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%
$1,140,920
$1.1M
Cap Rate 7%
$814,943
$814.9K
Cap Rate 9%
$633,844
$633.8K
Market Conditions
NOI Build-Up for 4,260 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
$101.7K $23.87/SF
− Vacancy
−$25.6K −$6.02/SF
EGI
$76.1K $17.85/SF
− OpEx
−$19.0K −$4.46/SF
NOI
$57.0K $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%
$1,140,920
Cap Rate 7%
$814,943
Cap Rate 9%
$633,844
Alternative Uses
Best Use
Office B
$814.9K
$713.1K – $950.8K
NOI $57,046 @ 7.0% cap · market cap 5.76%
Second Best
Hotel Hospitality
$238.5K
$208.7K – $278.2K
NOI $16,694 @ 7.0% cap · market cap 1.69%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,358 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
399
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Tiffany — grey point cove, decatur, ga 30034
Frequently Asked Questions
What type of property is this?
Bed & breakfast - Versatile estate suitable for rentals, events, business, or residence.
Where is this bed & breakfast located?
The property is located at 3000 Cathedral Pl Decatur, GA.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Unique British Tudor‑style gated estate on 3.62 acres with LAKE VIEWS.; Zoned O & I, offering versatile use for short‑term rentals, events, business ventures, or private residence.; Proven income potential as a FILMING LOCATION for major film and TV productions.
