Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6038 Covington Hwy Decatur, GA 30035

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    0.415-acre commercial lot, ideal for retail/restaurant.

    Property Features for 6038 Covington Hwy

    General Information

    Property type
    Land
    Lot Size
    18,077 SF

    We can help!

    Listing Contact
    Bob Stasiowski
    Bob Stasiowski

    Listing Agency: Atlantic Retail Atlanta Listing Agent: Bob Stasiowski

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 0.415-acre commercial lot, located at 6038 Covington Hwy in Stonecrest, Georgia (zip code 30035), presents a unique investment opportunity. Situated in a high-growth corridor and zoned C1 within the City of Stonecrest, this property offers significant potential for development. The lot is an outparcel of a Lidl grocery store, ensuring high visibility and convenient access for potential businesses. All utilities are available at the pad, and the site includes existing parking, site lighting, and access roads, minimizing upfront infrastructure costs. Property maintenance is also provided. The strategic location, combined with the readily available infrastructure and C1 zoning, makes this site particularly well-suited for restaurant or retail establishments. The signalized access ensures easy ingress and egress for customers and employees. This is a rare opportunity to acquire a well-positioned commercial lot in a thriving area of DeKalb County. The property's size and location make it an attractive option for developers and investors seeking a prime location for a new commercial venture. Don't miss this chance to secure a piece of this dynamic commercial landscape.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lidl Grocery & Convenience Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    DeKalb
    State
    Georgia
    Longitude
    -84.1706403
    Latitude
    33.7240571

    Nearby Similar for Sale

    • $750,000
      1,646 SF

      Decatur Office Building For Sale

      Office property in a dynamic commercial corridor near Downtown Decatur.
      1393 Church St, Decatur, GA 30030
      View Details
    • $750,000
      1,646 SF

      Decatur Office Building For Sale

      Office property in a dynamic commercial corridor with long-term value.
      1393 Church St, Decatur, GA 30030
      View Details
    • New
      $1,650,000
      1,546 SF

      Prime Commercial Opportunity in Decatur

      2.5 acres with high visibility and road frontage.
      5907 Covington Hwy, Decatur, GA 30035
      View Details
    • $550,000
      Pending

      Decatur Retail/Office Space Available

      Prime retail/office space in Decatur's bustling Candler Road corridor.
      2059 Candler Rd, Decatur, GA 30032
      View Details
    • $1,299,000
      7,300 SF

      Decatur Commercial Building on Columbia

      Freestanding commercial building with redevelopment and investment potential.
      1272 Columbia Dr, Decatur, GA 30126
      View Details
    • $1,299,000
      7,133 SF

      Decatur Commercial Building with Grant

      Freestanding commercial building in Decatur, suitable for various businesses.
      1272 Columbia Dr, Decatur, GA 30032
      View Details
    • New
      $290,000
      1,350 SF

      Decatur Office Condo For Sale

      Professional office condo in Decatur, ready for immediate occupancy.
      4298 Memorial Dr, Decatur, GA 30032
      View Details
    • $550,000
      0.42 Acres

      Decatur Commercial Property on Clairmont

      Commercial property in Decatur, GA, with high traffic exposure.
      1799 Clairmont Rd, Decatur, GA 30033
      View Details
    • $1,499,000
      1,600 SF

      Restored Sinclair Gas Station

      Iconic, renovated gas station in Oakhurst, Decatur. Versatile commercial space.
      715 East Lake Dr, Decatur, GA 30030
      View Details
    • New
      $649,500
      0.33 Acres

      Decatur Duplex: Income Potential

      Well-maintained duplex in Decatur with immediate income and upside.
      732 S Candler St, Decatur, GA 30030
      View Details
    • $500,000
      0.28 Acres

      Decatur Triplex: Prime Investment

      Well-maintained triplex in Decatur with excellent income potential.
      2897 White Oak Dr, Decatur, GA 30032
      View Details
    • $500,000
      0.28 Acres

      Decatur Triplex: Investment Opportunity

      Well-maintained triplex in Downtown Decatur with excellent income potential.
      2897 White Oak Dr, Decatur, GA 30032
      View Details

    FAQs

    What type of property is this?
    Land - 0.415-acre commercial lot, ideal for retail/restaurant.
    Where is this land located?
    The property is located at 6038 Covington Hwy Decatur, GA.
    What are key features of this property?
    This property features: Lidl outparcel, 0.415-acre building pad in Stonecrest, GA.; All utilities, parking, lighting, and access roads available; property maintenance included.; Ideal for restaurant or retail use.
    (404) 281-5544 Call to check price and availability
    Request Owner's contact information
    6038 Covington Hwy Decatur, GA 30035
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6038 Covington Hwy
    Decatur, GA 30035
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6038 Covington Hwy Decatur, GA 30035
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Bob Stasiowski
    Bob Stasiowski
    Real Estate License ID: 243301
    (404) 281-5544
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!