Freestanding Laundromat Retail
4722 Memorial Dr, Decatur, GA 30032
For Sale
$1,995,000
An active coin laundry occupies a freestanding property with C-1 zoning and two points of ingress and egress.
Property Size4,408 SF
Lot Size0.85 Acres
Price / SF$452.59
Days on Market47
Property Features for 4722 Memorial Dr
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Site & Location
Corner Location
Road Access
Building Details
Year Built
Buildings
Listing Agency:
Bull Realty
Listed By:
Michael Wess, CCIM
(404) 876-1640
Source:
Bullrealty
Added: Sep 26
Changed: Nov 4
Last Checked: Nov 10 at 7:09AM
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 Bull Realty
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Investment Insights
Based on property information with market context.
The freestanding retail building contains 4,408 square feet and is occupied by an operating coin laundry. Built in 1978, it sits on 0.854 acres and includes 40 surface parking spaces. The property is zoned C-1, and an operating laundromat provides an established income stream.
At 4722 Memorial Drive in Decatur, the site is positioned at the corner of Memorial Drive and North Indian Creek Drive. Frontage measures 114 feet along Memorial Drive and 145 feet along North Indian Creek Drive. Reported traffic counts are 42,600 vehicles per day on Memorial Drive and 7,840 on North Indian Creek Drive. Two access points serve the property.
A conceptual site plan for a gas station and convenience store is available; that use would require zoning and permitting approval.
At 4722 Memorial Drive in Decatur, the site is positioned at the corner of Memorial Drive and North Indian Creek Drive. Frontage measures 114 feet along Memorial Drive and 145 feet along North Indian Creek Drive. Reported traffic counts are 42,600 vehicles per day on Memorial Drive and 7,840 on North Indian Creek Drive. Two access points serve the property.
A conceptual site plan for a gas station and convenience store is available; that use would require zoning and permitting approval.
Key Highlights
- 4,408‑square‑foot freestanding retail building on 0.854 acres
- Operating coin laundry with established income
- 114 feet of frontage on Memorial Drive and 145 feet on North Indian Creek Drive
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,000
Cap Rate
3.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,240,000
$1.2M
Cap Rate 7%
$885,714
$885.7K
Cap Rate 9%
$688,889
$688.9K
Market Conditions
NOI Build-Up for 4,408 SF
Gross rent
$96.8K $21.96/SF
− Vacancy
−$8.2K −$1.87/SF
EGI
$88.6K $20.09/SF
− OpEx
−$26.6K −$6.03/SF
NOI
$62.0K $14.07/SF
Area
DeKalb County, GA
Vacancy
8.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,240,000
Cap Rate 7%
$885,714
Cap Rate 9%
$688,889
Alternative Uses
Best Use
Retail
$885.7K
$775.0K – $1.03M
NOI $62,000 @ 7.0% cap · market cap 3.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,254 @ 7.0% cap · market cap 4.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
724
Businesses Nearby
118k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 64%
Dining 35%
Electronics 1%
QuikTrip
Shops & Services
35,921 visits/mo
0.2 miles
Wendy's
Dining
17,845 visits/mo
0.2 miles
Bank of America
Shops & Services
14,401 visits/mo
0.1 miles
Wells Fargo
Shops & Services
12,008 visits/mo
0.3 miles
Applebee's
Dining
9,475 visits/mo
0.1 miles
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
$245,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Decatur, GA
Properties on Market for Retail space in Decatur
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - An active coin laundry occupies a freestanding property with C-1 zoning and two points of ingress and egress.
Where is this retail space located?
The property is located at 4722 Memorial Dr Decatur, GA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: 4,408‑square‑foot freestanding retail building on 0.854 acres; Operating coin laundry with established income; 114 feet of frontage on Memorial Drive and 145 feet on North Indian Creek Drive
