Updated Office
For Sale
$277,000
4298 Memorial Drive, Decatur, GA 30032
Commercial Sale, Decatur, GA
Property Size1,350 SF
Lot Size0.03 Acres
Price / SF$205.19
Days on Market51
Property Features for 4298 Memorial Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Parking features
Parking Lot
Lot features
Business Park
Directions
GPS. Preferred; From I-285E, Make A Right onto Memorial Drive, Proceed to 4298 Memorial Drive, Unit#D on the Right.
Standard status
Active
APN
15 251 07 037
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2614
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1982
Flooring type
Hardwood, Vinyl
Building materials
Concrete
Roof type
Composition
Listing Agency:
RE/MAX Town & Country · RE/MAX International
(770) 928-4966
Listed By:
Sharron Merrell-Bassil · License #178080
(678) 852-4427
Added: Sep 10
Changed: Oct 16
Last Checked: Oct 30 at 9:06PM
MLS# 10843419
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.
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Investment Insights
Based on property information with market context.
This approximately 1,350-square-foot office condominium provides a single-level layout with a reception area, several enclosed offices, kitchen facilities, a restroom, and additional storage. The interior was updated in 2017 and includes vinyl and hardwood flooring, central air, and electric heat. Concrete construction and a composition roof complete the physical improvements.
The property is located at 4298 Memorial Drive in Decatur, Georgia, just inside I-285, with access to both I-285 and Memorial Drive. The site occupies 0.031 acres and includes a parking lot. Public water and public sewer serve the property, with water available as a listed utility.
The property is located at 4298 Memorial Drive in Decatur, Georgia, just inside I-285, with access to both I-285 and Memorial Drive. The site occupies 0.031 acres and includes a parking lot. Public water and public sewer serve the property, with water available as a listed utility.
Key Highlights
- Approximately 1,350 sq ft of office space in a single‑level layout
- Updated in 2017 with reception, enclosed offices, kitchen, restroom, and storage
- Located just inside I‑285 near Memorial Drive in Decatur
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Highway 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 condominium with enclosed workrooms, reception, kitchen, restroom, storage, and on-site parking.
Where is this office unit located?
The property is located at 4298 Memorial Drive 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 of office space in a single‑level layout; Updated in 2017 with reception, enclosed offices, kitchen, restroom, and storage; Located just inside I‑285 near Memorial Drive in Decatur
