Building Details

Building Size 2,748 SF

Year Built 1952

Buildings 1

Tenancy Single

Listed By: Quinton Dothard · License #426895 Show Phone

Source: Cbcworldwide

Added: Aug 23 Changed: Sep 14 Last Checked: Oct 16 at 5:46AM

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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 Quinton Dothard

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Investment Insights

Based on property information with market context.

This freestanding commercial building contains 2,748 SF and is configured as a single-unit office property. Constructed in 1952, the asset offers a compact standalone format for professional occupancy rather than a larger multi-tenant arrangement.

The OI zoning supports office and institutional-related occupancy, subject to applicable regulations and approvals. The existing configuration may accommodate office, medical, dental, or other professional service uses, providing flexibility for an owner-user or investor evaluating a smaller commercial asset.

Key Highlights

• 2,748 SF freestanding office building
• Single‑unit configuration
• OI zoning for office and institutional‑related occupancy

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$39,843

Cap Rate

7.98%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$796,860 $796.9K

Cap Rate 7%

$569,186 $569.2K

Cap Rate 9%

$442,700 $442.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,748 SF

Gross rent

$74.2K $27.00/SF

− Vacancy

−$7.8K −$2.84/SF

EGI

$66.4K $24.17/SF

− OpEx

−$26.6K −$9.67/SF

NOI

$39.8K $14.50/SF

Area

DeKalb County, GA

Vacancy

10.50%

Lease Rate

$27.00 /SF/Yr

Expense Ratio

40.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$796,860

Cap Rate 7%

$569,186

Cap Rate 9%

$442,700

Alternative Uses

Best Use

Healthcare Medical

$569.2K

$498.0K – $664.1K (±1% cap)

NOI $39,843 @ 7.0% cap · market cap 7.98%

Second Best

Office B

$525.7K

$460.0K – $613.3K (±1% cap)

NOI $36,799 @ 7.0% cap · market cap 7.37%

Theoretical Best

Office A

$768.2K

$672.2K – $896.2K (±1% cap)

NOI $53,772 @ 7.0% cap · market cap 10.78%

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

Property Analytics

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Current Use

John A. Hughes, DDS Dental Office Denture Center Dental Office Gillespie Dental Lab Dental Office Smiles Associates Association Or Organization

Suggested Use

Top Pick Real Estate Agency Kitchen & Bath Showroom Law Firm Garden Center Electrical Service (Bike/Boat/Book/etc) Store

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

1

Office units

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

403

Businesses Nearby

Explore this area Business Placement

Demographics for 30035, GA

22,671

Population

8,731

Households

2.6

Avg Household Size

36

Median Age

26%

College-Educated

90%

High-School Grad

8.5 sq mi

ZIP Area

2,667

Density / Sq Mi

$65,733

Median Household Income

$34,246

Median Earnings

$1,522

Median Rent

$217,100

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Single-unit professional property with OI zoning and office-related use potential.

Where is this office building located?

The property is located at 4537 Covington Hwy Decatur, GA.

What is the asking price?

The asking price for this property is $499,000.

What are key features of this property?

This property features: 2,748 SF freestanding office building; Single‑unit configuration; OI zoning for office and institutional‑related occupancy