Commercial
New
For Sale
$749,000
3135/3139 Glenwood Road, Decatur, GA 30032
Two parcels sit near a Publix under construction and East Lake Golf Club.
Property Size1,955 SF
Price / SF$203.98
Days on Market3
Property Features for 3135/3139 Glenwood Road
General Information
Standard status
Active
Size
1,955 SF
Property subtype
Other
Amenities
0.32 acres, Level
Public Sewer
Annual Amount: $3,890, Year: 2025
Central Air
Central
On Market Date: 2026-09-30
Parking Lot
Built in 1955
County: DeKalb
Resale
Electricity Available, High Speed Internet, Natural Gas Available, Phone Available, Sewer Available, Water Available, Public
Close Of Escrow
Building Details
Building Size
1,955 SF
Year Built
1955
Listing Agency:
CBC Metro Brokers
Listed By:
Noland Dickey
(678) 320-4800
Source:
Blackstreaminternational
Added: Sep 30
Changed: Oct 1
Last Checked: Oct 1 at 2:40PM
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 CBC Metro Brokers
Investment Insights
Based on property information with market context.
The offering comprises two parcels at 3135 and 3139 Glenwood Road, totaling approximately 0.32 acres, or 14,000 square feet. The property is identified as commercial land, with redevelopment noted as a potential opportunity.
The parcels are on Glenwood Road in Decatur. A Publix under construction is within walking distance, and East Lake Golf Club is approximately one-quarter mile away.
The parcels are on Glenwood Road in Decatur. A Publix under construction is within walking distance, and East Lake Golf Club is approximately one-quarter mile away.
Key Highlights
- Two parcels total approximately 0.32 acres (14,000 SF)
- Located at 3135 and 3139 Glenwood Road in Decatur, GA 30032
- Approximately 1/4 mile from East Lake Golf Club
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
$51,648
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
6.90%
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%
$1,032,960
$1.0M
Cap Rate 7%
$737,829
$737.8K
Cap Rate 9%
$573,867
$573.9K
Market Conditions
NOI Build-Up for 3,672 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
$80.6K $21.96/SF
− Vacancy
−$6.9K −$1.87/SF
EGI
$73.8K $20.09/SF
− OpEx
−$22.1K −$6.03/SF
NOI
$51.6K $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 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%
$1,032,960
Cap Rate 7%
$737,829
Cap Rate 9%
$573,867
Alternative Uses
Best Use
Retail
$737.8K
$645.6K – $860.8K
NOI $51,648 @ 7.0% cap · market cap 6.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.03M
$898.2K – $1.20M
NOI $71,853 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
630
Businesses Nearby
Explore this area
Business Placement
Demographics for 30032, GA
44,697
Population
20,676
Households
2.2
Avg Household Size
38
Median Age
30%
College-Educated
91%
High-School Grad
13.6 sq mi
ZIP Area
3,287
Density / Sq Mi
$61,292
Median Household Income
$37,443
Median Earnings
$1,364
Median Rent
$245,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Two parcels sit near a Publix under construction and East Lake Golf Club.
Where is this commercial land located?
The property is located at 3135/3139 Glenwood Road Decatur, GA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Two parcels total approximately 0.32 acres (14,000 SF); Located at 3135 and 3139 Glenwood Road in Decatur, GA 30032; Approximately 1/4 mile from East Lake Golf Club
