Professional Office Condo
4298 Memorial Drive Unit D Decatur, GA 30032
For Sale
$290,000
Updated single-level office condo features reception, enclosed offices, kitchen, restroom, and on-site parking near I-285 access.
Property Size1,350 SF
Price / SF$214.81
Days on Market158
Property Features for 4298 Memorial Drive Unit D
General Information
- Standard status
- Active
- Size
- 1,350 SF
- Property subtype
- Commercial Sale / Condominium
Building Details
- Year Built
- 1982
Listing Agency:
RE/MAX Town and Country
(678) 852-4427
Listed By:
SHARRON MERRELL BASSIL · License #178080
(678) 852-4427
Source:
Compass
Added: Feb 16
Changed: Jul 22
Last Checked: Jul 23 at 10:40AM
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
Investment Insights
Based on property information with market context.
This professional office condo suite offers a single-level layout with a front reception area and multiple enclosed offices, supporting a range of workspace configurations. Interior improvements include kitchen facilities, a restroom, and additional storage. The property was updated in 2017 and is ready for immediate occupancy.
Located in a highly accessible Decatur setting just inside I-285, the suite provides convenient access to I-285 and Memorial Drive. On-site parking is available, and the surrounding area is described as having strong traffic counts.
The suite’s enclosed office arrangement, reception space, and basic support amenities (kitchen and restroom) make it well-suited for day-to-day operations for office and service-based uses.
Located in a highly accessible Decatur setting just inside I-285, the suite provides convenient access to I-285 and Memorial Drive. On-site parking is available, and the surrounding area is described as having strong traffic counts.
The suite’s enclosed office arrangement, reception space, and basic support amenities (kitchen and restroom) make it well-suited for day-to-day operations for office and service-based uses.
Key Highlights
- Updated single‑level professional office condo with approximately 1,350 sq ft
- Reception area plus multiple enclosed offices, restroom, kitchen facilities, and additional storage
- Central air cooling and electric heating; flooring includes hardwood and luxury vinyl
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 6.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$377.4K
$330.2K – $440.3K
NOI $26,416 @ 7.0% cap · market cap 9.11%
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
FAQs
What type of property is this?
Office units - Updated single-level office condo features reception, enclosed offices, kitchen, restroom, and on-site parking near I-285 access.
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 $290,000.
What are key features of this property?
This property features: Updated single‑level professional office condo with approximately 1,350 sq ft; Reception area plus multiple enclosed offices, restroom, kitchen facilities, and additional storage; Central air cooling and electric heating; flooring includes hardwood and luxury vinyl
