Office Condo with Multiple
4298 Memorial Drive Unit D Decatur, GA 30032
4298 Memorial Drive Unit D, Decatur, GA, 30032
$285,000
For Sale
$285,000
Single-level office condo with a reception area, multiple enclosed offices, kitchen, restroom, and on-site parking.
Property Size1,350 SF
Price / SF$211.11
Days on Market173
Property Features for 4298 Memorial Drive Unit D
General Information
- Standard status
- Active
- Size
- 1,350 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1982
Listing agency
RE/MAX Town & Country
(678) 852-4427
Listed by
Sharron Merrell-Bassil
(678) 852-4427
Source
Xome
Added: Jan 31 Updated: Jul 22 at 3:17AM Checked: Jul 23 at 3:25AM
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 RE/MAX Town & Country
Investment Insights
Based on property information with market context.
This professional office condo offers a single-level layout with a front reception area, multiple enclosed private offices, kitchen facilities, a restroom, and additional storage. The interior was updated in 2017 and is ready for immediate occupancy.
The property is located in a highly accessible Decatur setting just inside I-285, with convenient access to Memorial Drive. On-site parking is available, and the surrounding area is described as having strong traffic counts.
Unit D provides a functional arrangement for office or service-based operations, supported by the enclosed workspace configuration and dedicated common interior features.
The property is located in a highly accessible Decatur setting just inside I-285, with convenient access to Memorial Drive. On-site parking is available, and the surrounding area is described as having strong traffic counts.
Unit D provides a functional arrangement for office or service-based operations, supported by the enclosed workspace configuration and dedicated common interior features.
Key Highlights
- Approximately 1,350 sq ft single‑level professional office condo in a Decatur location just inside I‑285
- Reception area plus multiple enclosed offices with a kitchen area, restroom, and additional storage
- Updated in 2017 and ready for immediate occupancy
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.2k | $23.87 |
| − Vacancy | −$8.1k | −$6.02 |
| EGI | $24.1k | $17.85 |
| − OpEx | −$6.0k | −$4.46 |
| NOI | $18.1k | $13.39 |
1,350 SF · lease $23.87/SF/yr · vacancy 25.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$258.3K
$226.0K – $301.3K
NOI $18,078 @ 7.0% cap · market cap 6.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$377.4K
$330.2K – $440.3K
NOI $26,416 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Families First
Charitable Organization
Smith Chiropractic Clinic
Alternative Medicine Practice
Jeffrey G. Smith, ...
Alternative Medicine Practice
The Braid Xplosion
Hair Salon
Braids By Mani
Hair Salon
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FAQs
What type of property is this?
Office units - Single-level office condo with a reception area, multiple enclosed offices, kitchen, restroom, and on-site parking.
Where is this office units located?
The property is located at 4298 Memorial Drive Unit D Decatur, GA.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Approximately 1,350 sq ft single‑level professional office condo in a Decatur location just inside I‑285; Reception area plus multiple enclosed offices with a kitchen area, restroom, and additional storage; Updated in 2017 and ready for immediate occupancy
