8-Unit Neighborhood Shopping
For Sale
Contact for pricing
4869 Covington Hwy, Decatur, GA 30035
C-1-zoned retail center with a restaurant-ready suite, on-site parking, and access to I285 and I20.
Property Size7,460 SF
Price / SF$174.26
Days on Market204
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Property Features for 4869 Covington Hwy
General Information
Standard status
Active
Size
7,460 SF
Total Parking Spaces
35
Property subtype
Retail
Zoning
C-1
Occupancy
87%
Investment Type
Value Add
Site & Location
Pylon Signage
Yes
Traffic Count
35,000 vehicles/day
Highway Access
Yes
Amenities
secure rear private gate
Building Details
Year Built
2001
Units
8
Tenancy
Multi
Listing Agency:
Stratus Property Group
Listed By:
Grant Oldenburg · License #GA 413478
(470) 388-2889
Source:
Crexi
Added: Mar 26
Changed: Oct 10
Last Checked: Oct 14 at 7:57PM
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 Stratus Property Group
Investment Insights
Based on property information with market context.
Built in 2001, this 7,460-square-foot neighborhood shopping center contains 8 retail units and a tenant mix that includes a fully built-out restaurant suite. The restaurant space includes a 1,000+ gallon underground grease trap, while one unit is currently vacant. The property is zoned C-1 and includes 35 parking spaces positioned at the front and rear of the center.
The center is located in Decatur, Georgia, with access to I285 and I20. Traffic counts are 35,000 +/- average daily vehicles. A multi-tenant pylon sign provides shared identification, and a secured rear private gate supports service access and property operations.
The center is located in Decatur, Georgia, with access to I285 and I20. Traffic counts are 35,000 +/- average daily vehicles. A multi-tenant pylon sign provides shared identification, and a secured rear private gate supports service access and property operations.
Key Highlights
- 8‑unit neighborhood retail center totaling 7,460 square feet
- C‑1 zoning with one currently vacant unit
- Restaurant suite includes a 1,000+ gallon underground grease trap
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,928
Cap Rate
8.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,098,560
$2.1M
Cap Rate 7%
$1,498,971
$1.5M
Cap Rate 9%
$1,165,867
$1.2M
Market Conditions
NOI Build-Up for 7,460 SF
Gross rent
$163.8K $21.96/SF
− Vacancy
−$13.9K −$1.87/SF
EGI
$149.9K $20.09/SF
− OpEx
−$45.0K −$6.03/SF
NOI
$104.9K $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%
$2,098,560
Cap Rate 7%
$1,498,971
Cap Rate 9%
$1,165,867
Alternative Uses
Best Use
Retail
$1.50M
$1.31M – $1.75M
NOI $104,928 @ 7.0% cap · market cap 8.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.09M
$1.82M – $2.43M
NOI $145,975 @ 7.0% cap · market cap 11.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
35,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
286
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Shopping center - C-1-zoned retail center with a restaurant-ready suite, on-site parking, and access to I285 and I20.
Where is this shopping center located?
The property is located at 4869 Covington Hwy Decatur, GA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 8‑unit neighborhood retail center totaling 7,460 square feet; C‑1 zoning with one currently vacant unit; Restaurant suite includes a 1,000+ gallon underground grease trap
