Multi-Tenant Retail
For Sale
$725,750
4113 Flat Shoals Parkway, Decatur, GA 30034
COMMERCIAL - Decatur, GA
Property Size4,118 SF
Lot Size1.26 Acres
Price / SF$176.24
Days on Market48
Property Features for 4113 Flat Shoals Parkway
General Information
Property type
Commercial Sale
Property subtype
Retail
Parking features
Parking Lot
Accessibility
Accessible Approach with Ramp
Lot features
Level
Directions
GPS friendly
Standard status
Active
APN
15 090 01 019
Size
4,118 SF
Lot size
1.26 Acres
Taxes and HOA fees
Tax Year
25
Tax Annual Amount
3424
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1958
Flooring type
Concrete, Hardwood
Building materials
Brick
Roof type
Composition
Listing Agency:
HomeSmart
(404) 876-4901
Listed By:
Maryann Agard-Moore
(678) 849-1156
Added: Jun 25
Changed: Aug 4
Last Checked: Aug 11 at 8:06PM
MLS# 10793324
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully leased, multi-tenant retail building offers approximately 4,118 square feet of space with a diversified mix of established concepts, including a barbershop, a bar/lounge venue, and a recreation space. The property is set up to support multiple tenants under one roof, creating a practical layout for retail and entertainment-adjacent operations.
Located at 4113 Flat Shoals Parkway in Decatur, Georgia, the building benefits from its position along a heavily traveled corridor. It is also described as minutes from the I-20/I-285 junction, supporting convenient regional access for customers.
The offering presents an income-producing retail asset with multiple tenants and a range of day-to-night uses, all within a single commercial building.
Located at 4113 Flat Shoals Parkway in Decatur, Georgia, the building benefits from its position along a heavily traveled corridor. It is also described as minutes from the I-20/I-285 junction, supporting convenient regional access for customers.
The offering presents an income-producing retail asset with multiple tenants and a range of day-to-night uses, all within a single commercial building.
Key Highlights
- Approximately 4,118 SF commercial building on the Decatur corridor along Flat Shoals Parkway with multi‑tenant occupancy
- Fully leased with multiple established tenant types, including a barbershop, a bar/lounges venue, and a recreation space
- Construction: brick building with composition roof; flooring includes concrete and hardwood
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
$66,178
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
9.12%
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%
$1,323,560
$1.3M
Cap Rate 7%
$945,400
$945.4K
Cap Rate 9%
$735,311
$735.3K
Market Conditions
NOI Build-Up for 4,118 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
$94.9K $23.04/SF
− Vacancy
−$6.6K −$1.61/SF
EGI
$88.2K $21.43/SF
− OpEx
−$22.1K −$5.36/SF
NOI
$66.2K $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%
$1,323,560
Cap Rate 7%
$945,400
Cap Rate 9%
$735,311
Alternative Uses
Best Use
Specialty Retail
$945.4K
$827.2K – $1.10M
NOI $66,178 @ 7.0% cap · market cap 9.12%
Second Best
Retail
$827.4K
$724.0K – $965.4K
NOI $57,921 @ 7.0% cap · market cap 7.98%
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,580 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
331
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
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?
Retail space - Fully leased multi-tenant retail building along Flat Shoals Parkway featuring a barbershop, bar/lounge, and recreation space.
Where is this retail space located?
The property is located at 4113 Flat Shoals Parkway Decatur, GA.
What is the asking price?
The asking price for this property is $725,750.
What are key features of this property?
This property features: Approximately 4,118 SF commercial building on the Decatur corridor along Flat Shoals Parkway with multi‑tenant occupancy; Fully leased with multiple established tenant types, including a barbershop, a bar/lounges venue, and a recreation space; Construction: brick building with composition roof; flooring includes concrete and hardwood
