Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Decatur Buildable Residential Land Title is generated by Realmo AI

    3048 Flat Shoals Road, Decatur, GA 30034

    View on Map
    Claim this Listing
    New
    For Sale
    $39,900

    LAND - Decatur, GA

    Lot size:
    0.26 Acres
    Added:
    May 29, 2026
    Days on Market:
    2
    Last Refresh:
    May 30 at 7:06 am

    Property Features for 3048 Flat Shoals Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R75
    Vegetation
    Grassed, Partially Wooded
    Standard status
    Active
    Lot size
    0.26 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    475

    We can help!

    Listing Contact
    MICHAEL NOLAN
    MICHAEL NOLAN

    Listing agent MICHAEL NOLAN License #318263

    Listing office EXP Realty, LLC. 1372 Peachtree St NE, Atlanta, GA

    Listing date May 29, 2026

    MLS# 7779021 Listing URL

    Copyright © 2026 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Rare opportunity to build a custom home in an established Decatur location.
    • Zoned for a cottage‑style residence, ideal for a charming and functional home.
    • Flexibility to design every detail, from floor plan to landscaping.
    • Conveniently located near shopping, restaurants, parks, schools, and major highways.
    • Suitable for first‑time builders, those downsizing, or investors.
    • 0.3‑acre lot provides ample space for a new build.

    Overview

    Located at 3048 Flat Shoals Road in Decatur, this 0.26-acre lot presents an opportunity for building a home. Zoned for a cottage-style residence, the property allows for designing a modern home with character and functionality. The location is near shopping, restaurants, parks, schools, and major highways. This lot provides the flexibility to make your vision a reality. Opportunities to purchase buildable land in established communities are becoming increasingly scarce.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    DeKalb
    State
    Georgia
    Longitude
    -84.290714
    Latitude
    33.705987

    Nearby Similar for Sale

    • $699,900
      1,646 SF

      Decatur Office with High Visibility

      Office property in a dynamic commercial corridor with long-term value.
      1393 Church Street, Decatur, GA 30030
      View Details
    • $700,000
      10,308 SF

      Decatur Commercial Property with Business

      Commercial property with established auto repair business and U-Haul dealership.
      5344 Covington Highway, Decatur, GA 30035
      View Details
    • $699,900
      1,646 SF

      Decatur Office with High Visibility

      Office property in a thriving, transit-accessible market near Downtown Decatur.
      1393 Church Street, Decatur, GA 30030
      View Details
    • $550,000
      2,561 SF

      Decatur Commercial Property Opportunity

      Commercial property ideal for daycare or other business operations.
      3732 Redan Road, Decatur, GA 30032
      View Details
    • $450,000
      1,160 SF

      Decatur Office/Residential Opportunity

      Upgraded property near downtown Decatur, suitable for office or residential.
      1387 Church Street, Decatur, GA 30030
      View Details
    • $1,650,000
      1,546 SF

      Prime Commercial Opportunity on Covington Highway

      2.5 acres with high visibility and road frontage.
      5907 Covington Highway, Decatur, GA 30035
      View Details
    • $600,000

      Prime Commercial Land Opportunity

      2.88-acre commercial land parcel in Decatur, GA, zoned C-1.
      3648 Panthersville Road, Decatur, GA 30034
      View Details
    • $800,000

      Undeveloped Land in Dekalb County

      6.32-acre parcel suitable for residential or commercial development.
      3632 Panthersville Road, Decatur, GA 30034
      View Details
    • $750,000

      Decatur Duplex on Acre Lot

      Well-maintained duplex with income potential in walkable Decatur location.
      827 Pinetree Drive, Decatur, GA 30030
      View Details
    • $850,000
      5,300 SF

      Decatur Commercial Property For Sale

      Fully leased commercial property with diverse tenants in Decatur, GA.
      2978 Rainbow Drive, Decatur, GA 30034
      View Details
    • $725,000
      1,000 SF

      Tenant-Occupied Duplex: Income Potential

      Decatur duplex with no HOA, rent restrictions, and instant income.
      332 Lockwood Terrace, Decatur, GA 30030
      View Details
    • $1,299,000
      7,300 SF

      Decatur Commercial Building on Columbia

      Freestanding commercial building on Columbia Drive in Decatur, Georgia.
      1272 Columbia Drive, Decatur, GA 30032
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.26-acre lot zoned for cottage-style residence in Decatur, GA.
    Where is this residential land & home lot located?
    The property is located at 3048 Flat Shoals Road Decatur, GA.
    What is the asking price?
    The asking price for this property is $39,900.
    What are key features of this property?
    This property features: Rare opportunity to build a custom home in an established Decatur location.; Zoned for a cottage‑style residence, ideal for a charming and functional home.; Flexibility to design every detail, from floor plan to landscaping.
    (888) 959-9461
    We can help!
    Listing Contact
    MICHAEL NOLAN
    MICHAEL NOLAN
    Real Estate License ID: 318263
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3048 Flat Shoals Road, Decatur, GA 30034
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!