Building Details

Year Built 1958

Buildings 1

Tenancy Multi

Listing Agency: HomeSmart

Listed By: Maryann Agard-Moore Show Phone

Source: Jetsetrealty

Added: Jul 20 Changed: Sep 14 Last Checked: Oct 13 at 12:07AM

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Investment Insights

Based on property information with market context.

This 4,118-square-foot retail building is fully leased and configured for multiple occupants. The current tenant mix includes a barbershop, a bar and lounge venue, and a recreation space, creating a varied commercial profile within one property.

The building is located at 4113 Flat Shoals Pkwy in Decatur, along Flat Shoals Parkway and minutes from the I-20/I-285 junction. Its setting is connected to surrounding residential communities and commercial activity centers, supporting customer access for the existing occupants.

Key Highlights

• 4,118‑square‑foot retail building
• Fully leased with multiple occupants
• Tenant mix includes a barbershop, bar/lounge venue, and recreation space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$66,178

Cap Rate

9.12%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $66,178 @ 7.0% cap · market cap 9.12%

Second Best

Retail

$827.4K

$724.0K – $965.4K (±1% cap)

NOI $57,921 @ 7.0% cap · market cap 7.98%

Theoretical Best

Office A

$1.15M

$1.01M – $1.34M (±1% cap)

NOI $80,580 @ 7.0% cap · market cap 11.10%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Metroeast Transportation Services Freight Service The Green Lady Spiritual Center Starlite Sports Club Bar & Pub Lemuel Locs For Life (Bike/Boat/Book/etc) Store Locs For Life Salon ... Hair Salon

Suggested Use

Top Pick Real Estate Agency Building Supply Dental Office Restaurant Big Box & Wholesale Store Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Multi-tenant

Tenancy

Yes

Highway access

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

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - Fully leased retail building with barbershop, bar/lounge, and recreation tenants.

Where is this retail space located?

The property is located at 4113 Flat Shoals Pkwy 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: 4,118‑square‑foot retail building; Fully leased with multiple occupants; Tenant mix includes a barbershop, bar/lounge venue, and recreation space