Office Condo with Multiple
For Sale
$277,000
4298 Memorial Drive D, Decatur, GA 30032
Single-level office condo with a reception area, multiple enclosed offices, kitchen, restroom, and on-site parking.
Property Size1,350 SF
Price / SF$205.19
Days on Market185
Property Features for 4298 Memorial Drive D
General Information
Standard status
Active
Size
1,350 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1982
Year Renovated
2017
Listing Agency:
RE/MAX Town and Country
Listed By:
SHARRON MERRELL BASSIL
(678) 852-4427
Source:
Thehunthometeam
Added: Apr 24
Changed: Oct 6
Last Checked: Oct 24 at 9:04PM
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 and Country
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,078
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$361,560
$361.6K
Cap Rate 7%
$258,257
$258.3K
Cap Rate 9%
$200,867
$200.9K
Market Conditions
NOI Build-Up for 1,350 SF
Gross rent
$32.2K $23.87/SF
− Vacancy
−$8.1K −$6.02/SF
EGI
$24.1K $17.85/SF
− OpEx
−$6.0K −$4.46/SF
NOI
$18.1K $13.39/SF
Area
DeKalb County, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$361,560
Cap Rate 7%
$258,257
Cap Rate 9%
$200,867
Alternative Uses
Best Use
Office B
$258.3K
$226.0K – $301.3K
NOI $18,078 @ 7.0% cap · market cap 6.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$377.4K
$330.2K – $440.3K
NOI $26,416 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
571
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Single-level office condo with a reception area, multiple enclosed offices, kitchen, restroom, and on-site parking.
Where is this office unit located?
The property is located at 4298 Memorial Drive D Decatur, GA.
What is the asking price?
The asking price for this property is $277,000.
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
